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sertanlavr [38]
2 years ago
7

Why the exist an economy?

Business
1 answer:
MAVERICK [17]2 years ago
4 0

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people

hope this helps

Explanation:

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The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 2500 units, the actual direc
KiRa [710]

Answer:

Total direct labour variance                                              $

Standard direct labour cost (1.5 hours x $15 x 2,500)  56,250

Less: Actual direct labour cost                                       <u>48,825</u>

Total direct labour variance                                            <u>7,425(F)</u>

Explanation:

Total direct labour variance is the difference between standard direct labour cost and actual direct labour cost. Standard direct labour cost is a function of standard hours per unit, standard rate and actual output produced.

4 0
3 years ago
Choose the statements that CORRECTLY describe a business organization.
vampirchik [111]

Answer:

Sole Proprietorship and Partnerships both have unlimited liability.

An advantage to Corporations as a business organization is that they enjoy unlimited life and limited liability.

Explanation:

A disadvantage of both sole proprietors and partnerships business is having unlimited liability because if the sole proprietors and partnership businesses loss, they have to pay the debt by selling their assets.

Corporations cannot be dissolved if any director or executive officer dies, and owners are liable up to that portion they have invested for the corporation.

6 0
3 years ago
Read 2 more answers
g Our company purchases $4,000 worth of merchandise inventory on credit with the terms 2/10, n/30. Transportation costs were an
irinina [24]

Answer: $3,826

Explanation:

Discount received on terms 2/10 = (Purchase value  – Cost of merchandise returned) x Discount Rate

= $4,000 - $300 x 2%

= $3,700 x 2%

= $74

 if the company paid the invoice within the discount period, Then the total cost of this merchandise

Total cost of merchandise =  Value of merchandise purchased– Cost of merchandise returned + Transportation Costs - Amount of discount received

= $4,000 - $300 + $200 - $74

= $3,826

5 0
3 years ago
What happens when you hide a column in Microsoft Excel?
faust18 [17]

Answer:it becomes a collumn

Explanation:

Lol

8 0
3 years ago
Creative product differentiation can enable a small business to increase market share.
Harrizon [31]
The answer is "true".
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3 years ago
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