Explain in your own words what allocative efficiency means.
Question:
Explain in your own words what "allocative efficiency" means.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
When there is optimal distribution of services and goods allocative efficiency occ...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
Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly
Question Posted:
Students also viewed these Accounting questions
-
Explain in your own words what an uncertain quantity or random variable is. Why is the idea of an uncertain quantity important in decision analysis? Use the probability table to find the following:...
-
Explain in your own words what is meant by the equation Is it possible for this statement to be true and yet f(2) = 3? Explain. lim f(x) 5 r2
-
Explain in your own words what is meant by the equation Is it possible for this statement to be true and yet f (2) = 3? Explain. lim f(x) 5
-
Francis and Peter are in a partnership sharing profits and losses in the ratio 3:2. The following is their trial balance as at 30 September 2020. particulars D ebit C redit Buildings (cost: RM...
-
(a) Distinguish between LANs and WANs. (b) Why do companies use carriers for WAN transmission? (c) What two WAN technologies are illustrated in the figure (Figure A-4)? (d) Why is carrier WAN traffic...
-
During August 2014, Packer Manufacturing had the following cash receipts and disbursements: Cash received from customers .......... $319,000 Cash received from selling equipment ....... 11,200 Cash...
-
Lush&Green Lawn Services employs four lawn treatment specialists: Penny Esposito, Garland Falkland, Peter Raft, and Baozhai Suen. Each specialist drives a truck equipped with a small computer they...
-
What role does communications play is sustaining Texas Nameplates entrepreneurial culture?
-
The Tom Corp wants to know its cost of capital. Its current capital structure calls for 4 5 % debt, 1 5 % preferred stock and 4 0 % common equity. Initially, common stock will be in the form of...
-
The workweek for all employees is 40 hours, except for the students 36-hour schedule. The office is open from 8:00 a.m. to 5:00 p.m. each day, except weekends. Glo-Brite allows office employees one...
-
Ace and Baumont Corporations make and sell electrical equipment. Both have to decide whether or not to discount. The payoff matrix of Discount and Not to Discount expressed in terms of profit (+) or...
-
Most book publishers pay authors a percentage of the revenue from book sales. Explain the conflict that this creates between publishers and authors.
-
Cedar Appliance Sales and Service Ltd. owns several retail and service centres in northern British Columbia. Financial ratios for the company for the years ended December 31, 2024 and 2023, are...
-
What does significant influence imply regarding intercorporate investments? Describe the accounting procedures used for such investments.
-
Explain how a company's four primary financial statements are linked.
-
What is an unrealized holding gain (loss)? Explain.
-
Does a statement of cash flows report on a period of time or at a point in time? Explain the information and activities conveyed in the statement of cash flows.
-
Is the expense of a lease over its entire life the same whether or not it is capitalized? Explain.
-
You are a chemical engineer at a processing plant for soft drinks. You have been asked to determine whether a particular solution will have a significantly different vapor pressure from pure water....
-
Refrigerant-134a enters an adiabatic compressor as saturated vapor at 120 kPa at a rate of 0.3 m3/min and exits at 1-MPa pressure. If the isentropic efficiency of the compressor is 80 percent,...
-
Pace Corp. owns 100% of the stock of Strom Corp. Paces basis for the Strom Corp. stock is $225,000. Pursuant to a plan of complete liquidation, Strom distributes to Pace assets with a fair market...
-
On January 1, 2012, Neville Inc. had these stockholders equity balances. Common Stock , $1 par (2,000,000 shares authorized, 600,000 shares issued and outstanding) ..............$ 600,000 Paid-in...
-
Tejada Company manufactures backpacks. During 2012, Tejada issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for...
-
On January 1, 2012, Cornell Corporation had these stockholders equity accounts. Common Stock ($10 par value, 70,000 shares issued and outstanding) ...$700,000 Paid-in Capital in Excess of Par Value...
-
What choice is a multiple of 5? a) 93 b) 63 c) 65 d) 84
-
Determine how many tablets will be needed to give the dosage. Prepare a dosage of 6.4 mg using tablets with a strength of 1.6 mg.
-
(a). Company Inc., private consumer regulator firm, claims that the standard deviation of the rating of Formula One races in the town main car racing circuit was at least 15.34. (b). An outside...
Study smarter with the SolutionInn App