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Lyrx [107]
3 years ago
15

A good or service is said to be scarce when:

Business
1 answer:
Rainbow [258]3 years ago
5 0

a. at a price of zero, there will not be enough to satisfy everyone's desire for it.

A good or service is said to be scarce when at a price of zero, there will not be enough to satisfy everyone's desire for it. Scarcity is one of the pillars of economy as basically it says that we do desire certain goods because they are scarce, otherwise we are not interested in those goos as much as when they are scarce.

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I need frends anyone want to be my frend :[
Andrei [34K]

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3 years ago
On March 1, Retro Inc. reported a balance in Supplies onf $200. During March, the company purchased supplies for $950 and consum
-BARSIC- [3]

Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

4 0
3 years ago
How do individuals contribute to the circular flow of economic activity?A) Businesses buy goods and services from individuals.B)
ZanzabumX [31]

Answer:

C

Explanation:

Individuals provide labor for factor markets and buy goods in product markets.

Market Activity is performed as two cycles moving in opposite directions. In one direction, there is a flow of goods and services from individuals to businesses and back again. This concept is simplified in that as laborers, we go to work to make things or provide services that people want.

6 0
3 years ago
Individuals have to choose whether to save or invest since it is not recommended to do both
Kisachek [45]
False. Investing is sometimes considered a form of saving money people use other than savings accounts

7 0
3 years ago
Read 2 more answers
robert, age 70, and his wife, diane, age 64, have been married 42 years. they have two sons and five grandchildren. if robert di
musickatia [10]

Diane's nice choice for his Ira is Roll over his IRA to her IRA and take distributions starting at her age 70½.

The required details for An individual retirement account (IRA) in given paragraph

An man or woman retirement account (IRA) is a long-time period financial savings account that people with earned earnings can use to store for the destiny and experience sure tax advantages. The IRA is designed typically for self-hired individuals who do now no longer have get admission to to place of business retirement debts consisting of a 401(k), that's to be had most effective thru employers. You can open an IRA thru a bank, an funding company, an internet brokerage, or a private broker. Anyone with earned earnings can open and make a contribution to an IRA, inclusive of the ones who've a 401(k) account thru an employer.

The most effective issue is on the whole that you may make a contribution for your retirement debts in a unmarried year.

To know about An individual retirement account (IRA) click here

brainly.com/question/15742141

#SPJ4

6 0
1 year ago
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