Scarcity exists when there are,
resources to meet unlimited needs and wants. Because of
, we must make choices about how to use resources. All the options for using resources that are not
Marginal means using one
"is the next-best alternative for the use of resources.
v unit of a resource.

Answers

Answer 1

This concept of scarcity, choice, and opportunity cost is fundamental to economics and helps us understand how resources are allocated in a world of limited availability and unlimited demand.

What is Scarcity for the question context?

Scarcity exists when there are limited resources to meet unlimited needs and wants. Because of this limitation, we must make choices about how to use resources effectively. All the options for using resources that are not chosen are referred to as the opportunity cost.

What is Marginal for the question context?

Marginal refers to using one additional unit of a resource, and the opportunity cost is the next-best alternative for the use of resources. In other words, when we choose to allocate resources towards one particular use, the opportunity cost is the value of the next-best alternative foregone.

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Related Questions

It has been said that most systems fail because system builders ignore organizational behavior problems. Why might this be so? Add refrence

Answers

organizational behavior problems

Organizational behaviour issues may be overlooked by system builders for a number of reasons, which can ultimately result in system failure.

What do you mean by Organizational behaviour ?

One factor that contributes to this is that some system developers are only concerned with the technical components of a system and may lack knowledge or experience about how human behaviour affects the system.

A mismatch in understanding the organisational needs and potential behavioural difficulties may also result from a lack of interaction and cooperation between both the system developers and also the organization's stakeholders, particularly employees and management.

Organizational behaviour concerns may also be unreported since they are sometimes more challenging to recognise and resolve than technological problems. Complex human connections and cultural norms can play a role in problems with organisational behaviour.

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Which of the following characteristics typically makes a training module more effective for an employee?

a) It is tailored to the specific needs of the employee and focuses on realistic situations that employees’ face in their daily roles

b) It focuses on presenting abstract concepts to employees rather than getting into details about practical applications in their jobs

c) It is at a large, attractive venue where lots of people can sit and listen to a well-known speaker it at the same time

Answers

Option (a) It is tailored to the specific needs of the employee and focuses on realistic situations that employees face in their daily roles is the characteristic that typically makes a training module more effective for an employee. An organization will undoubtedly attract better talent and sustain itself if it develops its employees' talents and considers its expansion.

How do training programs in an organization benefit the employees?

In order to increase an employee's performance and productivity in their present company or work role, employee training and development is a program that teaches them a specific skill as well as knowledge. It enhanced present performance and supported increased employee development.  Also, it aids the firm in avoiding the expenditures associated with losing talent.

More staff can be retained by businesses with effective training and development programs, which also increase profitability and boost employee engagement. In addition to assisting an employee's progress, training and development also encourages business growth. Also, it aids in letting workers know that they are appreciated by the company. Employee development, however, has a wider focus. It is a sustained endeavor that is concerned with a person's growth.

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Exercise 11-11 Capitalizing interest (LO 11-2)
Kobe Company began constructing a building for its own use in February 20X1. During 20X1, Kobe incurred interest of $70,000 on specific construction debt and $15,000 on other borrowings. Interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was $60,000.



Required:

1a. What amount of interest should Kobe capitalize?

1b. Prepare the journal entry to record payment of the interest.

2. If interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was instead $90,000, what amount of interest should Kobe capitalize?

Answers

1a. Kobe should capitalize $60,000 of interest.

1b. The journal entry to record payment of the interest would be:

Interest Expense 60,000 and Interest Payable 60,000

2. Kobe should still capitalize $70,000 of interest.

What is an interest?

1a. The amount of interest that Kobe should capitalize is the lesser of the actual interest incurred on the specific construction debt, which is $70,000, and the amount of interest computed on the weighted-average amount of accumulated expenditures, which is $60,000. Therefore, Kobe should capitalize $60,000 of interest.

1b. The journal entry to record payment of the interest would be:

Interest Expense 60,000

Interest Payable 60,000

2. If interest computed on the weighted-average amount of accumulated expenditures for the building during 20X1 was instead $90,000, Kobe would still only capitalize the lesser of the actual interest incurred on the specific construction debt, which is $70,000, and the amount of interest computed on the weighted-average amount of accumulated expenditures, which is $90,000. Therefore, Kobe should still capitalize $70,000 of interest.

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Step 1: Understanding the Situation
In Unit 3, you read a little bit about Rhonda, a woman who runs a small website development business that has annual revenues of about $500,000. You learned that Rhonda pays herself an annual salary of about $100,000.

While Rhonda’s business is doing pretty well and allows her to live comfortably, she has encountered a problem—she doesn’t know how to grow the business at this point.

Rhonda has been considering hiring some new salespeople to find more customers because her current staff have the availability to take on more work. However, hiring more salespeople is expensive and the cost would come out of what Rhonda pays herself. On the other hand, it could eventually lead to more business in the future and a higher salary for herself in the long run.

Step 2: Working through the Process
Rhonda is facing a complex situation and needs help figuring out what to do. Imagine that she hires you to help her tackle this challenge and make the right decision.

You will use the steps of a rational decision-making process to explore, evaluate, and ultimately offer Rhonda your professional opinion on how she should handle the situation.

For the purposes of this activity, you should list all seven steps in the rational decision-making process and provide an evaluation of the situation according to each step. For example, for Step #1: Defining the Problem, you would do exactly that. Briefly explain and define the problem that Rhonda is facing and trying to solve.

For the last few steps of the process, testing the solution and implementing it, you will obviously not be able to actually do this but you should hypothesize what these steps might look like if this were happening in real life. Furthermore, some of the steps may require only a 1-paragraph explanation while others may require 2–3 paragraphs. Please make sure to fully and comprehensively explore each step; if you do this, then whatever the length each answer is will be appropriate.

Step 3: Reflecting
Once you have completed all steps in the process, please compose 2–3 paragraphs reflecting on how and why rational decision making is essential to running a successful business.

Please refer to the rubric below for more information on how you will be graded.

Answers

The steps are:

Defining the ProblemIdentifying AlternativesWeighing the AlternativesWhat is rubric?

A rubric is a tool used to evaluate a student's performance on a specific task. It is typically a grid or chart that grades a student's work on a scale from excellent to poor. Rubrics are used to provide a clear and consistent set of criteria for assessing a student's work.

Step 1: Defining the Problem. Rhonda is facing the challenge of how to grow her business. She is considering hiring additional salespeople to increase her customer base. But she is concerned about the cost of hiring additional staff and the fact that it may take some time for the investment to pay off.
Step 2: Identifying Alternatives
Rhonda has two main alternatives: she can hire additional salespeople or she can continue to operate the business as-is. Alternatively, keeping the business as-is may be less risky, but it may also prevent her from growing the business and increasing her profits.

Step 3: Weighing the Alternatives
Rhonda needs to weigh the pros and cons of both alternatives. If she hires additional salespeople, she will likely be able to bring in more customers and revenue in the long run, but she will have to sacrifice some of her own salary.

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Use the information below to answer questions 7-10 Mandated Company Ltd has established the following inventory levels for his manufacturing establishment: Normal usage Minimum usage Maximum usage Economic Order Quantity (EOQ) Delivery period 7. What is the re-order level? 20,000 units /day 12,000 units /day 26,000 units /day 100,000 units 26-30 days​

Answers

The re-order level can be calculated by adding delivery period to the time it takes to receive an order. Therefore, the re-order level is 806,000 units.

What is re-order level?

Re-order level is a term used in inventory management that refers to the minimum quantity of a product that a business needs to have on hand before placing a new order. It is also known as the reorder point or the minimum stock level. The purpose of setting a re-order level is to ensure that a business never runs out of stock, which could lead to lost sales and unhappy customers. The re-order level is determined by considering various factors such as lead time, demand variability, and safety stock. It is calculated by subtracting the lead time demand from the desired service level and adding the safety stock. By setting a re-order level, businesses can optimize their inventory management, reduce the risk of stockouts, and ensure they always have enough product to meet customer demand.

Re-order level = Maximum usage × (Delivery period + Time to receive an order) - Minimum usage

Re-order level = 26,000 units/day × (28 days + 5 days) - 12,000 units/day

Re-order level = 26,000 units/day × 33 days - 12,000 units/day

Re-order level = 818,000 units - 12,000 units/day

Re-order level = 806,000 units

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tanya is a financial analyst in RTE telecom as part of her analysis of the annual distribution policy and its impact of the firm's value
She makes the following calculations and observations
the company generated a free cash flow

Answers

The impact of the annual distribution policy on RTE Telecom's firm value was an increase from the original value of $250,000,000 ($50 * 5,000,000) to $242,500,000 after accounting for dividends and stock repurchases.

How to solve

First, calculate the total earnings:

Total Earnings = EPS * Outstanding Shares

Total Earnings = $2.5 * 5,000,000

Total Earnings = $12,500,000

Next, calculate the total amount distributed as dividends:

Dividends = 40% of Total Earnings

Dividends = 0.4 * $12,500,000

Dividends = $5,000,000

Then, calculate the total amount used for stock repurchases:

Stock Repurchases = 60% of Total Earnings

Stock Repurchases = 0.6 * $12,500,000

Stock Repurchases = $7,500,000

Now, calculate the number of shares repurchased:

Number of Shares Repurchased = Stock Repurchases / Stock Price

Number of Shares Repurchased = $7,500,000 / $50

Number of Shares Repurchased = 150,000

Finally, calculate the new number of outstanding shares and the new firm value:

New Outstanding Shares = Original Outstanding Shares - Number of Shares Repurchased

New Outstanding Shares = 5,000,000 - 150,000

New Outstanding Shares = 4,850,000

New Firm Value = New Outstanding Shares * Stock Price

New Firm Value = 4,850,000 * $50

New Firm Value = $242,500,000

The impact of the annual distribution policy on RTE Telecom's firm value was an increase from the original value of $250,000,000 ($50 * 5,000,000) to $242,500,000 after accounting for dividends and stock repurchases.

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Tanya, a financial analyst at RTE Telecom, is analyzing the company's annual distribution policy and its impact on the firm's value. She gathers data on the company's dividends and stock repurchases for the past year and compares it with the firm's free cash flow, earnings per share, and stock price. She notices that the firm distributed 40% of its earnings as dividends and the remaining 60% as stock repurchases. The firm's free cash flow for the past year was $10 million, and there are 5 million outstanding shares. The earnings per share (EPS) for the past year was $2.5, and the stock price is currently $50 per share.

What was the impact of the annual distribution policy on RTE Telecom's firm value, considering its dividends and stock repurchases?

State the minimum monthly income, an hourly wage per hour, needed to cover monthly expenses for the family used in part a and explain how to calculate the hourly wage based on the monthly income and state the hourly wage. assume that each full-time worker works four 40 hour work weeks per month and each part time worker works two 40 hour weeks per month.

Answers

Divide wages by using hours and that is your hourly rate. If you work longer hours at positive times of the month, then track your time for a month, and divide your annual pay by way of 12.

How do you calculate hourly charge from monthly income?

Get the hours per months = Hours in Year ÷ 12 (months) Get Hourly Pay = Monthly Salary ÷ Hours Per Month.

Daily fee of pay for a monthly-rated employee is calculated the usage of the formulation below: Regular Days Rate of pay = Employee's Monthly Rate of pay / 26 days.

The ADW calculated is the price of pay mirrored in the system. This is the formula used: Total Wage (for the applicable period) / Number of Days (same relevant period)

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Income tax is calculated based on:
O A. gross income.
O B. net income minus profits.
о C. net income minus deductions.
D. gross income minus deductions.

Answers

Income tax is calculated based on: C. net income minus deductions.

How is income tax calculated?

Income tax is calculated based on the net income of an individual or entity, which is the income after deducting allowable deductions from the gross income. Deductions are expenses or exemptions that are allowed by tax laws to reduce the taxable income, and they can include items such as business expenses, charitable donations, and certain personal expenses.

The net income, which is the remaining income after deductions, is then subject to the applicable tax rates according to the tax bracket of the taxpayer. Therefore, option C, "net income minus deductions," is the correct statement for how income tax is calculated.

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Draft an individual investment policy statement as a guide to your future investment planning. What will be the advantages of having an investment policy statement?

Answers

Your financial future is guided by a strong IPS. An investment policy statement can be a crucial and practical tool since it establishes the basis for a client-financial adviser relationship and offers a clear course of action. The IPS information includes information on the advisor's decision-making process.

What exactly is an investment policy statement?

It is a contract between a client and a financial advisor stating how the advisor will help the client achieve their financial objectives. It needs to be customized based on the client's unique financial and investment information as well as the financial advisor's fees. Financial advisors use an Investment Policy Statement or IPS as a strategic document to lay forth principles that can help launch and manage a client's investment program.

A summary of investment policy statement

John Alberto, a 65-year-old individual investor

Individual, Taxable Portfolio

Condition: California

ID tax: xxx-xx-xxxx

$75,000 in current assets

Return Target: 8%

Worst-case scenario annual loss cap: 12–15%

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1.a) True or False: A firm is in the value destroying stage whenROIC < WACCb) True or False: ROIC and size are not correlated

Answers

The statement "A firm is in the value destroying stage when ROIC < WACC" is true because the ROIC is a measure of how effectively a company generates profits from its capital investments, while the WACC represents the cost of that capital. The statement "ROIC and size are not correlated" is false because there can be a correlation between ROIC and size in certain industries and situations.

If the ROIC is less than the WACC, it means that the company is not generating sufficient returns on its invested capital, and is effectively destroying value for its shareholders.

In some industries, such as manufacturing or retail, larger companies may benefit from economies of scale, which can lead to higher ROIC. In other industries, such as technology or biotech, smaller companies may have a competitive advantage due to greater flexibility and innovation, which can also lead to higher ROIC.

However, there is no clear or consistent relationship between ROIC and company size, and other factors such as industry structure and competitive position may play a more significant role in determining a company's ROIC.

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Explain with examples, why the study of macroeconomics is important to an undergraduate student of Economics in Nigeria.

Answers

Macroeconomics is the study of the overall performance and behavior of the economy as a whole, including the factors that influence economic growth, inflation, unemployment, and international trade. The study of macroeconomics is important to an undergraduate student of economics in Nigeria for several reasons:

1. Understanding the overall economy: Knowledge of macroeconomics is essential for understanding the overall performance and behavior of the Nigerian economy. This includes analyzing key macroeconomic indicators such as Gross Domestic Product (GDP), inflation rates, unemployment rates, and trade balances.

2. Policy-making: Understanding macroeconomics is essential for policy-making at the government level. This includes understanding how monetary policy and fiscal policy can be used to stabilize the economy, promote economic growth, and reduce inflation and unemployment rates.

3. Business decision-making: Understanding macroeconomics is also important for business decision-making. For instance, a business owner needs to understand macroeconomic trends such as inflation and exchange rates in order to make informed decisions about pricing, production, and investment.

4. International trade: Macro economics is important to international trade because it explains the workings of the global economy and how different countries interact with one another. For example, a student of macroeconomics can understand the factors that influence exchange rates and how these impact international trade between Nigeria and other countries.

5. Personal financial planning: Finally, understanding macroeconomics is important for personal financial planning. This includes understanding how inflation and exchange rates impact the value of money over time, and how these factors affect personal savings and investments.

To illustrate the importance of macroeconomics to an undergraduate student of economics in Nigeria, consider the following examples:

1. Suppose a student is interested in starting a business in Nigeria. Understanding macroeconomics would be essential for analyzing the overall economic environment and identifying potential opportunities and risks. For instance, the student needs to understand the current inflation rate, exchange rate, and interest rates in order to make informed decisions about financing, pricing, and production.

2. Suppose a student is interested in pursuing a career in government or public policy. Understanding macroeconomics would be essential for analyzing and formulating policies that promote economic growth, reduce inflation and unemployment rates, and stabilize the economy.

3. Suppose a student is interested in pursuing a career in international trade. Understanding macroeconomics would be essential for analyzing the global economy and identifying potential opportunities and risks in international trade. For instance, the student needs to understand how exchange rates impact the competitiveness of Nigerian exports and how trade policies affect international trade relations.


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On Gothic cathedrals, there are often waterspouts sculpted from stone that extend out from the building and may have a scary appearance. What are these structures called?

A.
apses

B.
gargoyles

C.
ribbed vaults

D.
flying buttresses

Answers

Answer:

These tructures are simply called, gargoyles

Step 1: Explore
Visit the website for Grubhub, grubhub.com, or another similar food delivery service website.

Step 2: Research and Reflect
Research Grubhub or a similar company’s website and the social media platforms where they have a presence. Explore and take note of their online presence. Observe how their online presence may change as current trends drive changes in the company.

Based on their online presence, answer the following questions:

Which of the entrepreneurship trends that you learned about in the unit were you able to find evidence for in this company’s online presence, if any? Which one do you think is most important and why?
How do you think changes and trends in this industry influenced the creation of this company and how it currently operates? Explain.
Which social media platform do you think is most impactful for their business? How are they using it to enhance the customer experience? Provide examples.
If you were working for this company, which entrepreneurship trend or new enterprise idea (not currently in evidence) would you introduce? How would you use it, and why? How do current changes and trends currently play a role in your suggestions? Explain.
Please create your case study in a word processing document and submit this along with any additional resources that you used to complete the activity. Refer to the rubric below for more information on how you will be graded.

Answers

Communities' hubs are their restaurants. Our goal is to expand their connections, deepen their roots, and broaden the beneficial effects they have on individuals and society.

How does Grub Hub benefit my company?

It's simple for businesses to order meals for staff, clients, business meetings, and more using a Grub hub Corporate Account. By providing a line of credit, you can reduce costs by only paying for meals that are actually ordered.

Which is better, Grub hub or Doodahs?

Driver Pay on Grub Hub. What you can make delivering orders ultimately determines which food delivery app is better for drivers. While Doodahs doesn't disclose pay rates, there are methods for drivers to make extra money on particular types of orders, and it is reported that Grub Hub drivers can make up to $23 per hour.

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What is the difference between a future taxable amount and a future deductible amount? And does this affect the beginning balances of deferred tax asset and deferred tax liability?

Answers

A future taxable amount is an amount of income that is expected to be subject to taxation in the future, while a future deductible amount is an expense that is expected to be deductible from taxable income in the future.

What is taxable amount?

Taxable amount is the total amount of income or profit that is subject to taxation. It is the amount of money that an individual or business must pay taxes on after deductions and exemptions have been taken into account. Taxable amount is calculated by subtracting the deductions and exemptions from the total amount of income or profit. This amount can be calculated on an individual basis or on a business basis. Depending on the jurisdiction, the taxes may be imposed at different rates and be collected by different levels of government.

This does affect the beginning balances of deferred tax asset and deferred tax liability. A deferred tax asset is created when a future deductible amount is expected to exceed a future taxable amount, resulting in an estimated future tax benefit. Conversely, a deferred tax liability is created when a future taxable amount is expected to exceed a future deductible amount, resulting in an estimated future tax expense.

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