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kicyunya [14]
3 years ago
5

The economizing problem faced by a society is Question 73 options: A) a consequence of the fact that productive resources are sc

arce relative to economic wants. B) that product prices often rise more rapidly than incomes of consumers. C) to establish prices that are fair for both producers and consumers. D) to achieve a more equitable distribution of income in the society.
Business
1 answer:
KATRIN_1 [288]3 years ago
4 0

Answer:

A) a consequence of the fact that productive resources are scarce relative to economic wants

Explanation:

The economizing problem faced by a society refers to the fact that people's desires of products and services are unlimited but the resources that are  used to produce them like capital and labor are limited. According to this, the answer is that the economizing problem faced by a society is a consequence of the fact that productive resources are scarce relative to economic wants.

The other options are not right because the economizing problem faced by a society is about consumers desires and the availability of resources, it doesn't refer to product prices or incomes.

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Examine the methods that FNB can use to compete with other banks in South Africa
zvonat [6]
There are a couple of methods that First National Bank can use in order to compete with other banks in south Africa, such as  :
- Increasing their interest rates for saving to gain more mass deposits from the mass
- By creating a couple of regulations that could invite more capital to the bank (such as giving a car if you deposit an xxxxx amount within 1 year)
- Expanding their subsidiaries not only in South Africa, but also to neighborhood countries to increase the net income
5 0
3 years ago
Woodmier Lawn Products introduced a new line of commercial sprinklers in 2020 that carry a one-year warranty against manufacture
blagie [28]

Answer:Woodmier journal $

1. Date

2021

Warranty expenses Dr 90,000

Warranty liability Cr. 90,000

Narration. Amount of warranty incurred for the year.

2021

Warranty liability Dr 90,000

Bank/Cash. Cr. 90,000

Narration. Payment of warranty expenditures.

2. No entry require

Explanation:

The warranty expenses since is a period of one year can be accounted for at the end of the year without requirements for provision at the beginning of the year. The actual warranty is debited to the income statement and the liability recognized as a creditor until payment.

The discontinuation of the sales of the product in 2021 will not affect the already incurred warranty liability and the account posting thereon in the following years.

8 0
3 years ago
A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughou
charle [14.2K]

Answer:

The equivalent units of production for conversion costs for the month of January is 78,760 units

Explanation:

The computation of the equivalent units of production for the conversion cost is shown below:

We know that,

Ending work in progress inventory = Units started - units completed

20,900 units = 91,300 units - units completed

So, units completed = 91,300 units -20,900 units = 70,400 units

It is given in the question that 40% ending work in progress inventory units is completed,

So completed units = 20,900 × 40% = 8,360 units

And,the equivalent units of production equals to

= Units completed + completed units in ending inventory

= 70,400 units + 8,360 units

= 78,760 units

6 0
3 years ago
Estimate the nonvalue-added cost for each situation. a. A manual insertion process takes 30 minutes and 8 pounds of material to
Viktor [21]

Answer:

Estimation of the non-value-added Cost:

a) Cost of automating the insertion process:

Machine time cost = 15/60 x $8 = $2

Material cost = 7.5 x $10 = $75

Total automation cost = $77

b) Cost of redesigning the gear:

Cost per setup hour = $50 x25% = $12.50

c) Movement cost:

Cost for movement = $20 x 6 = $120

d) Inspection cost:

Cost of inspection = 16,000 x $12 = $192,000

Explanation:

Non-Value Added activities, according to goleansixsigma.com, "are the process steps that do not meet one or more of the following criteria: 1) The step transforms the item toward completion (something changes).  2) The step is done right the first time (not a rework step).  3) The customer cares (or would pay) for the step to be done."

A non-value-added cost is a production expense that does not increase the amount customers are willing to pay for the finished product.  Examples are inspection cost, movement cost, and automation cost.

6 0
3 years ago
accenture is involved in the transformation of an organization into a data driven and intelligent enterprice. which ability does
Vlad [161]

Group of answer choices.

A. to collect exabytes and zettabytes of data from different sources

B. to gather, re-organize, and store different categories of all raw data for easy and faster retrieval

C. to store large amounts of data including raw and unorganized facts

D. to capture, curate, and consume the right data sets

Answer:

B. to gather, re-organize, and store different categories of all raw data for easy and faster retrieval

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to effectively and efficiently create, store, modify, retrieve, centralize and manage data or informations in a database. Thus, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

Generally, a database management system (DBMS) acts as an intermediary between the physical data files stored on a computer system and any software application or program.

Hence, a software that enables the organization to centralize data, manage the data efficiently while providing authorized users a significant level of access to the stored data, is called a Data Base Management System (DBMS).

One of the world's largest management and technological consulting company that provide services such as database management, consulting, strategy and outsourcing is Accenture.

Basically, Accenture help businesses in the implementation of data governance and management policies so as to ensure their data is trustworthy and reliable.

Thus, they're involved in the strategic transformation of an organization, business firm or company into a data driven and intelligent business enterprise.

Hence, the ability accenture need to ensure the organization has to become a successful business​ is to engage in the gathering, arrangement or reorganizing, and storage of different categories of all raw data for easy, effective, efficient and faster retrieval.

7 0
3 years ago
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