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3 years ago

Your friend is a business owner in a market economy. What decides how to allocate the productive resources he uses?

2 answers:

8 0

Answer:In a market economy, it is the consumers that will decide how to allocate the productive resources a business uses. The allocation of products is determined by a concept that is known as supply and demand. When there is a demand for a certain product, then obviously the business has to supply that product. It is the job of the business to look out for signs of demand of a certain product and they have to know just how much of that product he should supply.

Varvara68 [4.7K]3 years ago

7 0

In a market economy, it is the consumers that will decide how to allocate the productive resources a business uses. The allocation of products is determined by a concept that is known as supply and demand. When there is a demand for a certain product, then obviously the business has to supply that product. It is the job of the business to look out for signs of demand of a certain product and they have to know just how much of that product he should supply.

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According to the video, what tasks do Helpers-Production Workers commonly perform? Check all that apply. fetching and holding ma

snow_tiger [21]

Answer:

fetching and holding materials

moving materials between work areas

keeping records

cleaning machinery

Explanation:

These are correct on edge

7 0

3 years ago

Read 2 more answers

When determining if an email is valid or not, you should…?

Murrr4er [49]

There are a lot of ways that you can do to determine if an email address is a valid one or a fake one. You can either send a message to the email address, search it on the internet, or check it on some email verification websites. However, one of the best ways that you can do is that you should check the location of the email address. By doing this method, you will be able to determine where it came from which will prove that it is a valid email address.

4 0

3 years ago

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year: Work in Process, January

slega [8]

Answer:

cost of goods manufactured= $64,700

Explanation:

Giving the following information:

Work in Process, January 1 $ 53,600

Work in Process, December 31 38,800

Total Factory overhead 7,300

Direct materials used 14,300

Direct labor used 28,300

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 53,600 + 14,300 + 7,300 + 28,300 - 38,800

cost of goods manufactured= $64,700

7 0

3 years ago

You purchased 100 shares of stock for $5 per share. After holding the stock for 8 years and not receiving any dividends, you sel

REY [17]

Holding period = 8 years
ROI / year = (42 - 5)/8 = 4,62 $ a year
(not sure)

7 0

3 years ago

Exercise 9-1 Classifying liabilities LO C1 The following items appear on the balance sheet of a company with a one year operatin

nignag [31]

Answer:

1. Notes payable (due in 13 to 24 months) - L

Long term because period of payment is over a year.

2. Notes payable (due in 6 to 11 months). - C

Current because period of payment is under a year.

3. Notes payable (mature in five years). - L

Long term because it will mature after a period of a year.

4. Current portion of long-term debt. - C

Current because it deals with payment for the year.

5. Notes payable (due in 120 days). - C

Current as it matures in less than a year.

6. FUTA taxes payable - C

Taxes are for a single period making them current.

7. Accounts receivable - N

This is an asset not a liability

8. Sales taxes payable. - C

As this is this for the year, it is current.

9. Salaries payable. - C

For the period so they are a current liability.

10. Wages payable - C

Concern one period so are a current liability.

7 0

4 years ago