In the month of November, Swifty Company Inc. wrote checks in the amount of $27850. In December, checks in the amount of $37986 were written. In November, $25399 of these checks were presented to the bank for payment, and $32656 were presented in December. No checks were outstanding at November 1. What is the amount of outstanding checks at the end of December

$7,781

Explanation:

The amount of check at the end of December is computed as;

= Checks written in November + Checks written in December - Checks presented in November for payments - Checks presented in December for payments

= $27,850 + $37,986 - $25,399 - $32,656

= $7,781

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer/// there is an inverse relationship between price and quantity demanded;