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Lapatulllka [165]
2 years ago
11

when a market allocation of resources maximizes the total surplus received by all members of society we say there is

Business
1 answer:
crimeas [40]2 years ago
8 0

Whenever there is maximization of total surplus that is been received by those that are part of society by market allocation of resources then there is market Efficiency.

  • Economic efficiency can be regarded as economic state whereby there is allocation of resource to serve each individual or entity in way that everyone is satisfied while minimizing waste and inefficiency.

Therefore, When there is  an economy efficiency,  there would be maximization of total surplus.

Learn more at:brainly.com/question/15520856?referrer=searchResults

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Journal Entries and Trial Balance
brilliants [131]

Answer:

Heavenly Realty Journal entries can be found in the attached file

Explanation:

Dr Bank with $25,000

Cr. Capital Stock with $25,000

(being Faith Schultz transferred cash in exchange for Capital stock)

Dr. Rental of Office & equipment with $4,510

Cr. Bank with $4,510

(Being Rental costs for Office and Equipment)

Dr. Supplies with $1,330

Cr. Accounts Payable with $1,330

(Being cost of purchased supplies)

Dr. Supplies Expense with $740

Cr. Supplies with $740

(Being cost of supplies used)

Dr Accounts Payable with $490

Cr. Bank with $490

(being payment to Creditors)

Dr. Cash with $20,500

Cr. Sales commission with $20,500

(Being Sales Commission received)

Dr. Automobile Expense with $1,250

Dr. Miscellaneous Expense with $840

Cr. Bank with $2,090

(being  payment for automobile expense, rental charges & Miscellaneous expense)

Dr Office Salaries with $2,620

Cr. Bank with $2,620

(Being Payment for Office Salaries)

Dr Dividend with $1,210

Cr Bank with $1,210

(Being payment of Dividend)

6 0
3 years ago
_________ are used in place of writing checks. The amount you spend using this card will be deducted from your checking account.
vovangra [49]

Debit cards have replaced check writing in many ways. This is because debit cards, like checks, will take the money directly from your bank account. Unlike credit cards, you must have the money in your account for you to use your debit card. Credit cards allow you to "borrow" money and pay it back later.

7 0
2 years ago
Read 2 more answers
Amanda looked up at the scoreboard and exclaimed, "Wow, that is so vivid and fantastic. I don't know what that cost, but it is a
Neko [114]

Answer:

Electronic equipment

Explanation:

Throughout history, sport has evolved while society has done it. Both at a professional or elite level and at an amateur level, the sport has undergone several revolutions, some of them due to technological inventions.

There is no sport that has not undergone a technological revolution, one way or another. Some, like basketball, have been more prone in this regard, while others have been sidelined. But without a doubt, nobody escapes the tentacles of innovation.

Technology in sports has been included to apply its rules more easily, be more objective, and improve the accuracy of the sport. They are tools that facilitate the practice of sport.

3 0
2 years ago
Contracts Capstone 18 of 25Items 36:16 Assignment completion: 72.00% Item 18After selecting an answer, more information on the t
Debora [2.8K]

Answer: The creditor will be able to recover $1,350

Explanation:

The amount that the creditor will be able to recover will be the contract price less the damages for the minor breach by the company.

In this case, the company finished all of the tasks except for the cleaning of the oven. Since this is minor with regards to the contract, the company will be seen to have performed its contract.

Since we are told the cost of finishing the job was 10% of the contract cost, this will be regarded as a minor breach, therefore, the owner of the condominium cannot avoid the payment of the price of the contract price. In this case, the creditor will be able to recover ($1500 - $150) = $1,350.

4 0
2 years ago
Wisdom Toys has budgeted sales and production over the next quarter as follows: Unit Sales Production September 43,000 44,400 Oc
baherus [9]

Answer:

$12,800

Explanation:

This can be calculated as follows:

November sales in unit = 64,000

Since Wisdom Toys requires that 20% of the next month’s sales in units are on hand at the end of each month, we have:

Number of video games in inventory at October 31 = November sales in unit * 20% = 64,000 * 20% = 12,800

Therefore, 12,800 video games in inventory at October 31.

7 0
3 years ago
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