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3 years ago

Scarcity forces people to

Business

2 answers:

padilas [110]3 years ago

5 0

Answer:

Because we don't have enough resources to provide all of the goods/services in the quantities that are wanted, scarcity forces us to make decisions about which goods/services we value higher.

Explanation:

Artemon [7]3 years ago

3 0

Answer:

make choices

Explanation:

Scarcity forces all of us to make choices by making us decide which options are most important to us. The principle of scarcity states that there are limited goods and services for unlimited wants.

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The ________ is used to study the course of a product's sales and profits for the duration that it is produced and sold in the m

Eva8 [605]

Answer:

The correct word for the blank space is: product life cycle.

Explanation:

The product life cycle is the period of time during which a product is conceived and developed, brought to market and late removed from the market. The cycle includes four (4) stages: research and introduction, promotion and growth, maturity, and decline.

8 0

4 years ago

What is an entrepreneur? A. Entrepreneurs manage households that consume goods and services. B. Entrepreneurs are policymakers

maksim [4K]

Answer:

C. Entrepreneurs operate businesses that produce goods and services

Explanation:

An entrepreneur is one of the factors of production. An entrepreneur is a person who starts a business, manages and regulates a business.

7 0

3 years ago

On July 31, 2022, Ivanhoe Company had a cash balance per books of $6,310.00. The statement from Dakota State Bank on that date s

Umnica [9.8K]

Answer:

Balance at Bank as per cash book (up to date) $7,228,00

Add Unpresented Cheques $2,003.10

Less Lodgements not yet credited ($1,370.30)

Balance as per Bank Statement $7,860,80

Explanation:

Step 1 Bring the Cash Book Balance Up to Date

Cash Book

Debit :

Balance as at July 31, 2022 $6,310.00

Ivanhoe Company; Trade Receivable $1,690.00

Totals $8,000.00

Credit:

Bank service charge $18.00

Understated : L. Taylor $9.00

NSF charge $745.00

Balance (up to date) $7228,00

Totals $8,000.00

Step 2 Prepare a Bank Reconciliation Statement

Balance at Bank as per cash book (up to date) $7,228,00

Add Unpresented Cheques $2,003.10

Less Lodgements not yet credited ($1,370.30)

Balance as per Bank Statement $7,860,80

3 0

3 years ago

Nathan wants to buy a sweatshirt and is trying to determine the better buy. He has a 3030% coupon for the in-store purchase. T

slava [35]

Answer:

It is better online, for 1.1 dollars

Explanation:

Do you understand all the words used in stating the problem?

Yes.

What are you asked to find or show?

The differnece in price bewtween the store T-shirt and the On-line T-shirt

Can you restate the problem in your own words?

Nathan can purchase a Tshirt by $38 with 30% discount or $34 with 25% discount. Which is the cheapest option?

Is there enough information to enable you to find a solution?

Yes, we have the list price for both T-shirt and the discount on each one.

Devise a plan:

Use a formula

list price less discount = net cost

We will calculate the net cost for the T-shirt

in-store purchase scenario

$38 - 30% coupon = 26.6 dollars

on-line purchase scenario

$34 - 25% off = 25,5‬ dollars

The difference will be:

$26.6 - $25.5 = 1.1 dollar in favor of the online purchase

4 0

4 years ago

The seller and the buyer agreed to a purchase price of $270,000 with the closing to occur on June 15. The seller's loan balance

vampirchik [111]

Answer:

Loan balance is $170,000

Interest Due is $425

Explanation:

Loan outstanding is the amount of liability which payable by the business at any date. Interest is charged on the loan, yearly, semiannually, quarterly and monthly.

On Closing Day only 15 of interest has been accrued.

Interest Expense = Loan outstanding x Interest rate x Time portion = $170,000 x 6% x 15/360 = $425

So, Loan balance is $170,000

Interest Due is $425

3 0

3 years ago