What is the relationship between wants and resources? A. Wants are developed by an individual's self-interest while resources are developed by empirical analysis. B. Resources are used to produce things that satisfy people's wants. C. Wants are studied in macroeconomics and resources are studied in microeconomics. D. The wants of an individual determine the amount of money (resources) that they will need to earn.

Morris borrowed $9,000 from a credit union at 13% simple interest for 42 months. what were his money installment payments?

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Identify the level of the literature hierarchy for u. s. gaap to which each item belongs