When a good is limited, some means must be found to ration the scarce commodity. Some examples
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (20 reviews)
Hence for final analysis I can say that auctions ar...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Hypothesis Testing: z-tests. Beauty Lotion is a skin-moisturizing product that contains rich oils, blended especially for overly dry or neglected skin. The product is sold in 5-ounce bottles by a...
-
a. What should the weekly product mix consist of, and what is the weekly net profit? b. Is the optimal solution to question 1 degenerate? Explain your response. c. Is the optimal solution from...
-
Multiple Choice Questions: 1. If a good is scarce, a. It only needs to be limited. b. It is not possible to produce any more of the good. c. Our unlimited wants exceed our limited resources. d. Our...
-
Select the reasons why most professional telescopes are reflectors rather than refractors. A mirror can collect light more efficiently than a lens. Reflecting telescopes have shorter focal lengths...
-
For 2013 and 2014, compute the four ratios that measure the ability to earn profits for Waldorf Fashions, Inc. whose comparative income statement and additional data follow: Additional data follow:...
-
What Is a Security?
-
Describe the characteristics of a successful international manager.
-
Time cards are being entered into the accounting system for four employees. The costs for Employee 1 are to be billed to job cost code 302.01.01100L. Ten hours of Employee 2 time is to be billed to...
-
Ramos Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment RM...
-
An Engagement supervisor has asked the audit senior to perform the following procedures related to an engagement. For each procedure listed, identify the financial statement assertion being tested by...
-
Assume that scientific inventions have doubled the productivity of society's resources in butter production without altering the productivity of gun manufacture. Redraw society's...
-
This chapter discusses many "market failures," areas in which the invisible hand guides the economy poorly, and describes the role of government. Is it possible that there are, as well, "government...
-
What are components of cost of goods available for sale and cost of goods sold?(Appendix)
-
Revisits scope, time, and cost baselines in the context of agile methodologies. Because agile includes several methodologies (like Scrum, Kanban, Extreme Programming, Feature-Driven Development) we...
-
Background information and task: Fed officials divided in July over need for more rate hikes, minutes show WASHINGTON, Aug 16 (Reuters) - Federal Reserve officials were divided over the need for more...
-
Questions: 1. What are the long-term prospects for the Chinese market? 2. Does it make sense for GM to produce automobiles for the Chinese market in China? Why? 3. What do you think would happen if...
-
The purpose of this assignment is to apply your knowledge of conflict management to a real-world situation so that you can enhance your skills in handling conflicts. It is crucial to carefully read...
-
Roy's Toys received a shipment of 100,000 rubber duckies from the factory. The factory couldn't promise that all rubber duckies are in perfect form, but they promised that the percentage of defective...
-
Financial data for Safety Hire as of 30 June 2019 is shown below. Required (a) Prepare an income statement for the month of June and a balance sheet in account format for Safety Hire as at 30 June...
-
One study found that the elderly who do not have children dissave at about the same rate as the elderly who do have children. What might this finding imply about the reason the elderly do not dissave...
-
Describe four ways for a company to deal with risk.
-
Q1) The equity of Washington Ltd at 1 July 2020 consisted of: Share capital 500 000 A ordinary shares fully paid $1 500 000 400 000 B ordinary shares issued for $2 and paid to $1.50 600 000 General...
-
out The following information relates to Questions 1 to 2. The management accountant of a furniture manufacturer is developing a standard for the labour cost of one massage chair. When operating at...
-
Exercise 10-8 Utilization of a constrained Resource [LO10-5, L010-6] Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit...
Study smarter with the SolutionInn App