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2 years ago

Name two defferences between basic wants and secondary wants

Business

1 answer:

Katena32 [7]2 years ago

4 0

Answer:

The answer is below

Explanation:

The difference between basic wants and secondary wants lies in how much humans want them in terms of survival.

Therefore, the two of the main differences between Basic wants and Secondary wants are:

1. Basic wants are wants of humans that are meant for survival or cannot do without while secondary wants are not meant for human survival or humans can do without.

2. Without Basic wants such as food, shelter, and oxygen, humans will die off quickly, while humans can easily survive without secondary wants such as entertainment activities.

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Pierce Corporation exchanged old equipment for new equipment. The original cost of the old equipment was $120,000, and its accum

ololo11 [35]

Answer:

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

--to record trade of equipment--

Explanation:

Let's break the transactions into small parts:

We need to remove the old equipment from accounting along with their accumulated depreciation so:

accumulated depreciation 40,000 debit

old equipment 120,000 credit

Then, we debit the new equipment at fair value:

new equipment 50,000 debit

Last, assuming the trade has commercial substance: we recognize the gain or loss on sale:

book value of traded equipment: 80,000

fair value of new equipment: 50,000

loss at disposal: 30,000

<u>Thus, the journal entry will be as follows:</u>

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

4 0

3 years ago

When compliance, clarification, culture, and connection are all effectively addressed with a strategic system in place, the orga

mario62 [17]

When all four elements of clarification, culture, compliance and connection are effectively addressed through a strategic onboarding system, the organization will be considered successful onboarding.

<h3>What is the successful onboarding?</h3>

A successful onboarding program is most expected to include clarification, compliance, culture, and connection and follow-ups, relying on the size and needs of any company. This is also called as the 4 C's of the onboarding.

Therefore, It all start out in the present moment, a new employee accepts the position.

Learn more about the successful onboarding, refer to:

brainly.com/question/10370903

#SPJ1

6 0

1 year ago

Demand management variables include: A. Pricing, inventory, and advertising B. Reservations, pricing, and advertising C. Subcont

Marta_Voda [28]

Answer:

B. Reservations, pricing, and advertising

Explanation:

Demand management variable analyses profit contribution of products and customers. Enhancing demand for profitable products and customers, while decreasing demand for unprofitable ones.

Demand management involves pricing, advertising, reservation, and complimentary offerings.

It is a way for the business to maximise profit from activities that gives it more profit, while reducing activities that are relatively less profitable. This increases the efficiency of the business.

8 0

3 years ago

"Competition is always going to be fierce in business. The modern business now has many technology tools that can assist with fi

Tanya [424]

Answer:

Nowadays, many industries use data analysis to obtain good results and in this way determine what action plan should be implemented.

Explanation:

So is; With the data analysis models, the proposed objectives can be achieved more quickly and reliably, which is why descriptive statistics are very important since they allow us to analyze and evaluate information that we do not see with the naked eye.

3 0

3 years ago

Is overshooting (in theory and in practice) consistent with purchasing power parity? Consider the reasons for the usefulness of

Ludmilka [50]

Answer:

1. Yes, overshooting is consistent with PPP. Investors forecast the expected exchange rate based on the theory of PPP. When there is some change in the market, the investors know the exchange rate will change to equate relative prices in the long run. This is why we observe overshooting in the short run. The investors incorporate this information into their short-run forecasts.

2. Exchange rates are volatile in the short run. The theory's implication that there is exchange rate overshooting (in response to permanent shocks) is one explanation for short-run volatility in

exchange rates.

6 0

3 years ago

Name two defferences between basic wants and secondary wants​

Name two defferences between basic wants and secondary wants