Answer: A
Explanation: I took the test and they also in the reading thingy.
The term by which individuals and businesses choose between the different use of available resources is called <u>allocating </u>and it is due to the concept of <u>scarcity</u>.
<h3>
What is Scarcity?</h3>
According to economics, Scarcity signifies that the demand for a product or service exceeds the supply of that product or service.
It is the underlying truth of existence that there is only a finite number of human and nonhuman resources for each economic product.
Therefore, Individuals and business corporations must choose between several uses for the available resources they have from the idea of <u>allocating </u>resources and due to the concept of <u>scarcity.</u>
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Learn more about scarcity here:
brainly.com/question/1088553
Answer:
(a) $50,000
(b) $45,000
Explanation:
(a)
Total dividends declared:
= Retained earnings, beginning balance + Net income - Retained earnings, ending balance
= $210,000 + $115,000 - $250,000
= $75,000
Cash dividend declared:
= Total dividends declared - Fair value of large stock dividend declared
= $75,000 - $25,000
= $50,000
(b) Cash dividend paid during the year:
= Dividend payable, beginning balance + Cash dividend declared during the year - Dividend payable, ending balance
= $75,000 + $50,000 - $80,000
= $45,000
Answer:
A mix hedge reduces levels of expensive FG inventory while slightly increasing component inventories.
A mix hedge is a planning technique which supports increased production flexibility
Explanation:
Hedging inventory implies a level of inventory that is kept to shield against unexpected event such as breakdown of machines,strikes,surge in demand for product or non-availability of raw materials due to disruption in supplier's business.
However, mix hedge is required to ensure the right of mix of inventories at every point in time so as to avoid investing more than required resources in inventory by keeping low volume of expensive items of inventory and at the same time increasing the number of inventories kept overall,such that risk associated with inventory can be shared by a number of items of inventory instead of a single line of inventory.