The journal entries involve cash, notes receivable, inventory, accounts payable, deferred revenue, salary and wages, and adjusting entries for interest and revenue recognition.
The journal entries for the transactions are as follows:
Apr. 30: Debit Cash for $660,000 and credit Notes Receivable for $660,000.
June 6: Debit Inventory for $81,000 and credit Accounts Payable for $81,000.
July 15: Debit Accounts Payable for $81,000 and credit Cash for $81,000.
Aug. 31: Debit Cash for $24,900 and credit Deferred Revenue for $24,900.
Dec. 31: Debit Salary and Wages Expense for $46,000 and credit Salary and Wages Payable for $46,000.
Dec. 31 Adjusting Entries: Interest Receivable (amount to be calculated) and Interest Revenue (amount to be calculated). Deferred Revenue (amount to be calculated) and Service Revenue (amount to be calculated).
On December 31, the company needs to make adjusting entries. Interest Receivable and Interest Revenue entries will depend on the calculation of interest earned but not yet received on the promissory note. Deferred Revenue and Service Revenue entries will be based on the portion of fees collected in advance that should be recognized as revenue for the accounting period. The specific amounts will vary depending on the calculations. Salary and Wages Expense of $46,000 is recognized to account for the earned but unpaid salaries and wages at year-end. The corresponding Salary and Wages Payable entry ensures the liability is properly recorded. Adjusting entries ensure that the financial statements reflect the appropriate revenue, expense, and liability amounts for the year-end reporting.
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industrial products are also referred to as __________ products.
Industrial products are also referred to as "business-to-business" or B2B products. These are goods or services that are specifically designed and produced for use in industrial or commercial settings.
They are not intended for individual consumers but rather for organizations or businesses that require them to facilitate their own production processes or operations. Industrial products may include machinery, equipment, raw materials, components, and other specialized goods that support the functioning of businesses in various industries.
Industrial products, also known as "business-to-business" or B2B products, are goods or services that cater to the needs of businesses and organizations rather than individual consumers. These products are specifically designed and manufactured for use in industrial or commercial settings. Unlike consumer products, which are intended for personal use, industrial products serve as tools, machinery, raw materials, components, or other specialized items necessary for businesses to carry out their production processes or operational activities effectively. Industrial products play a crucial role in supporting the functioning and growth of businesses across various industries.
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what is a skill ?
1. A person may be interested in an occupation.
2. the ability to do a certain task well.
3. Work that you do
4. Needs
Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.
a. True
b. False
The statement is false. Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.
An employee is a person who has agreed to be employed to paint for a few shapes of fee below an agreement of employment. Your employment popularity will assist define what rights and responsibilities you have got at paintings. There are three fundamental varieties of employment popularity: employee.
Before hiring a new team member, it is crucial to apprehend your options in regard to special kinds of employees. research the main variations among complete-time, part-time, seasonal, and brief personnel. Any person who strives hard to accomplish the desires and goals of a specific employer is called an employee. personnel is employed to carry out particular obligations as per their specialization, hobby regions, and former stories.
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Like an abstract in a report, this is a one-or two-paragraph summary of the product or service and how it meets the re quirements and exceeds expectations is known as the back ground section of a business proposal .
Effective business proposals are centered on a fantastic concept or resolution. Although you might be able to do it in an engaging fashion, you want your document and its solution to stand out against the backdrop of other offers.
the concept Who, what, when, why, and how. Be precise and succinct. Keep your language concise and avoid overstating. To prove your goods or service, use logical, well-supported arguments.
Which section of the business plan details how the company has dealt with problems?The executive summary should give a brief description of the issue that your company addresses, your proposed solution to the issue, the business's target market, major financial highlights, and a list of the management team's responsibilities.
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How can costs of entertainment be minimized through distribution channel management?
Costs of entertainment be minimized through distribution channel management:
Increasing or choosing the channel intermediates with care.The importance of supply chain management is being raised.Distribution channel management is a technique for controlling the flow of goods from producers or manufacturers to the final consumer. A distribution channel is a way for companies to move their goods.
Through channel management, a business may better meet the demands of its clients. The approaches you employ to support your partners who assist with the distribution process, how you manage vendors, and your marketing and sales strategies are all part of channel management.
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What are the issues and challenges with Circuit City 2018 latest
e-commerce initiative?
As of my knowledge cutoff in September 2021, Circuit City, a once-prominent electronics retailer, experienced financial difficulties and declared bankruptcy in 2008.
There have been no recent developments or initiatives in 2018 or afterward regarding Circuit City's e-commerce initiatives. It's worth noting that my information may not be up to date, and I recommend referring to recent news sources or the official Circuit City website for the latest updates on their e-commerce initiatives and any associated issues or challenges. E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It has revolutionized the way businesses operate and how consumers shop. E-commerce offers numerous benefits, including convenience, a wide selection of products, competitive pricing, and the ability to reach a global customer base.
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Before ordering used parts for a repair, a technician
should get
approval from the ____.
The debit balance in a nominal account shows:
a) Gains b) Expenses
c) Assets d) None of the above
(answer the above question correctly)
A company in Maine sends lobsters to France What is Maine doing? Select three options
Answer:
Following are the answer to this question:
Explanation:
Some information is missing in the question. So, the correct choices can be described as follows:
i) practicing international trade
ii) exporting products
iii) participating in globalization
Maine has been globally traded because its, company transfers it's own goods at international frontiers when a client gives lobster with France in Maine. It exports products as its goods are manufactured in one nation, in this scenario the USA, is one other country, France in this case.Finally, it participates in the process of globalization because the company operates internationally by selling its products.Answer:
B. practicing international trade
C. exporting products
D. participating in globalization
Read the extract (Extract 1) about GDP from an article and then answer the following:
(a) Describe how Gross Domestic Product (GDP) is measured using the
expenditure method.
(b) Reflecting on the arguments made in the article and the module materials,
discuss three activities or aspects of well-being that GDP does not measure.
(c) Briefly outline two reasons for why GDP is still regularly used in economic
analysis despite its shortcomings.
Extract 1: Bobby Kennedy was right: GDP is a poor measure of a
nation's health
… There are not many memorable speeches about gross domestic
product, but that may be because the one made by Bobby Kennedy while
on the campaign trail in 1968 said it all. As Kennedy pointed out, the
production of napalm and nuclear warheads counted towards GDP, but
the health of American children and the joy of their play did not. "It does
not include the beauty of our poetry or the strength of our marriages, the
intelligence of our public debate or the integrity of our public officials. It
that would add to GDP. If the number of operations went down because
the public exercised more, it would reduce GDP. …
But as a purely quantitative measure, the GDP figures tell us nothing
about the quality of growth. To take one example, retail sales are now
higher than they were before the pandemic started even though nonessential
stores have been shut on and off for much of the past year. We
know that spending has migrated from the high street and retail parks to
online; what we don’t know is whether the goods being delivered by
courier are really wanted or whether people are so miserable that they are
binge-buying. …
The collapse in GDP is huge, but – unless there are fresh waves of the
pandemic – only temporary. Once the restrictions are lifted, activity will
pick up. If things go well, all the ground lost in 2020 will be made up by
2022. But how do you measure the impact of the schools being shut on
the life chances of a child from a disadvantaged family? What price the
toll on mental health of people confined to their homes and unable to see
friends and family for months on end? Is it possible to put a monetary
value on loneliness and depression?
The fact that in recent years statisticians have tried to judge progress in
different ways speaks volumes about the limitations of GDP as a
yardstick. There are things that can be easily measured and things that
can’t. The fact that GDP fell by 10% last year tells us something, but not
everything.
measures neither our wit nor our courage, neither our wisdom nor our
learning, neither our compassion nor our devotion to our country. It
measures everything in short, except that which makes life worthwhile.
And it can tell us everything about America except why we are proud that
we are Americans."
Those words were true in 1968 and they resonate even more strongly
today. Measured by GDP, the US is the world’s richest country. Measured
by GDP per head, it is one of the richest. Measured in other ways, in life
expectancy for example, the US would be a long way down the
international league tables. And as recent events have shown all too
clearly, it is not a country at ease with itself. …
GDP measures those activities for which money changes hands or for
which a monetary value can be attached. Paid childcare is included, but
unpaid childcare by family members or friends isn’t. If the NHS needed to
do more operations because Britain was becoming a less healthy nation,
(a) The expenditure method is one way to measure GDP. This method calculates the total amount spent on goods and services in an economy over a specific period.
It includes four components: consumer spending, investment spending, government spending, and net exports (exports minus imports).
(b) Three activities or aspects of well-being that GDP does not measure are:
Non-monetary contributions such as volunteer work and unpaid caregiving by family members or friends, which can have significant impacts on individuals' well-being and society as a whole.
Environmental degradation resulting from economic activity, which can lead to negative health outcomes and reduced quality of life for individuals and communities.
Distributional inequalities, where GDP growth does not necessarily translate into improved well-being for all individuals in society.
(c) GDP continues to be regularly used in economic analysis for two main reasons:
It provides a straightforward and easily digestible measure of economic activity, allowing for easy comparisons across time and between countries.
GDP is strongly correlated with other measures of well-being, such as job creation and improvements in living standards, although this correlation becomes weaker at higher levels of income.
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Cheryl Montoya picked up the phone and called her boss,Wes Chan,the vice president of marketing at Piedmont Fasteners Corporation:wes,I'm not sure how to go about answering the questions that came up at the meeting with the president yesterday. "What's the problem?" "The president wanted to know the break-even point for each of the company's products,but I am having trouble figuring them out." "I'm sure you can handle it, Cheryl. And, by the way, I need your analysis on my desk tomorrow morning at 8:o0 sharp in time for the follow-up meeting at 9:00." Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. Data concerning these products appear below: Velcro Metal Nylon 111.000 218.000 299,000 $2.20 $2.10 $0.80 $0.90 $1.40 $0.60 Annual sales volume Unit selling price Variable expense per unit Total fixed expenses are $272,000per year All three products are sold in highly competitive markets, so the company is unable to raise prices without losing an unacceptable numbers of customers. The company has an extremely effective lean production system,so there are no beginning or ending work in process or finished goods inventories. Required: 1.What is the company's overall break-even point in dollar sales? 2.Of the total fixed expenses of$272,000,$35,490 could be avoided if the Velcro product is dropped,$121,800 if the Metal product is such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely. a.What is the break-even point in unit sales for each product? b.If the company sells exactly the break-even quantity of each product, what will be the overall profit of the company? x Answer is complete but not entirely correct Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B What is the company's overall break-even point in dollar sales?(Round CM ratio to 4 decimal places and final answer to the nearest thousand dollars.) Break-even point in dollar sales 738,544 Required1 Required 2A>
If the company sells exactly the break-even quantity of each product, the overall profit will be zero, as the company will only cover its fixed expenses.
The company's overall break-even point in dollar sales can be calculated by dividing the total fixed expenses by the contribution margin ratio.
To calculate the contribution margin ratio, we subtract the variable expenses per unit from the unit selling price for each product.
For the Velcro product:
Unit selling price - Variable expense per unit = $2.20 - $0.90 = $1.30
For the Metal product:
Unit selling price - Variable expense per unit = $2.10 - $1.40 = $0.70
For the Nylon product:
Unit selling price - Variable expense per unit = $0.80 - $0.60 = $0.20
Next, we calculate the weighted average contribution margin ratio by multiplying each product's contribution margin ratio by its sales volume and then summing the results.
Weighted average contribution margin ratio = (Velcro sales volume * Velcro contribution margin ratio + Metal sales volume * Metal contribution margin ratio + Nylon sales volume * Nylon contribution margin ratio) / Total sales volume
Weighted average contribution margin ratio = (111,000 * $1.30 + 218,000 * $0.70 + 299,000 * $0.20) / (111,000 + 218,000 + 299,000)
The company's overall break-even point in dollar sales can now be calculated by dividing the total fixed expenses by the weighted average contribution margin ratio.
Break-even point in dollar sales = Total fixed expenses / Weighted average contribution margin ratio
Break-even point in dollar sales = $272,000 / Weighted average contribution margin ratio
Now, to calculate the break-even point in unit sales for each product, we divide the fixed expenses that can be avoided for each product by the contribution margin ratio for that product.
For the Velcro product:
Break-even point in unit sales for Velcro = $35,490 / $1.30
For the Metal product:
Break-even point in unit sales for Metal = $121,800 / $0.70
For the Nylon product:
Break-even point in unit sales for Nylon = $115,710 / $0.20
Finally, if the company sells exactly the break-even quantity of each product, the overall profit will be zero, as the company will only cover its fixed expenses.
Please note that these calculations assume that the sales mix of the three products remains constant.
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who do yall want president let me know i choose biden..
Answer:
TRUMP MAKE AMERICA GREAT AGAIN !!!!!!!!!
Explanation:
Which type of investment would be an example of an
investment at point B?
* a US savings bond
O a CD
O a stock
O a savings account
You have a credit card balance of $53.00 from the previous month. You have $172.45 in new purchases and you made a payment of $50.00. Your APR is 8.75%. According to the Previous Balance method, what amount would you use to calculate the interest for this month?
Answer:
$50
Explanation:
As per previous balance method the Interest is charged based on the opening balance of the Credit Card.
As $50 was the balance from previous month and opening balance for this month, Hence $50 would be the amount we would use to calculate the interest for this month.
Answer:
The answer is $50.
Explanation:
A staff member asks the manger for a particular day off on the next schedule. Which response demonstrates the concept of underpromising and help the manager retain the staff's trust
One response that demonstrates the concept of underpromising and helps the manager retain the staff's trust is:
"I'll do my best to accommodate your request, but I can't promise anything just yet. Let me take a look at the schedule, see what coverage we need, and I'll get back to you by [insert appropriate deadline]."
This response manages the staff member's expectations while also showing that the manager is taking their request seriously and will follow up on it. By not making any promises, the manager avoids disappointing the staff member if they are unable to grant their request and maintains their trust by being honest and transparent.
Additionally, providing a clear deadline for when the manager will follow up shows that they are organized and reliable, which helps build trust with the staff member and the rest of the team. It also gives the staff member a sense of control over the situation, as they know when they can expect an answer and can plan accordingly.
In summary, the key to retaining the staff's trust when responding to requests is to manage their expectations by avoiding making promises and being transparent about the process and timeline for follow-up.
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Which of the following is found to be a benefit of marriage according to the U.S. Department of Health and Human Services?- better decision making- improved mental health- increased wealth- decreased risk of alcohol and drug use
According to the U.S. Department of Health ands Human Service, being married has been found to have a benefit of improved mental health.
Human services refers to a broad range of programs and services that are designed to help individuals, families, and communities meet their basic needs and improve their overall well-being. These services may include things like counseling and therapy, financial assistance, housing and homeless services, healthcare, education and job training, and more. Human service professionals, such as social workers and case managers, often work in government agencies, non-profit organizations, and community-based organizations to provide these services and support to those in need.
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2. the following table (derived from data supplied by the us census bureau) shows values of the lorenz function for income distribution in the united states for the year 2010.
(c) use the quadratic model for the lorenz function to estimate the gini index for the united states in 2010.
To estimate the Gini index for the United States in 2010 using the quadratic model for the Lorenz function, you'll first need to fit the given data to a quadratic equation.
Once you have the equation, you can integrate it over the given range, usually [0,1]. This integration represents the area under the Lorenz curve. Next, you'll need to find the area under the line of perfect equality, which is the 45-degree line from the origin to (1,1). The area under this line is 0.5. The Gini index is calculated as twice the difference between the area under the line of perfect equality and the area under the Lorenz curve. Mathematically, Gini index = 2 * (0.5 - area under the Lorenz curve). Perform this calculation using your integration result to estimate the Gini index for the United States in 2010.
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Four brokerage firms operate in the same small city as Jackson’s firm. All the firms charge approximately the same listing commission and pay approximately the same cooperating commission to the selling broker. The commission splits within each firm are also similar. Is this an antitrust violation? Why or why not?
Answer:
Yes, this is antitrust violation. Because, the tend to restrain trade in that small city thereby denying other small player brokerage firms from making a living due to their monopolistic actions among themselves.
Explanation:
Antitrust laws are designed in-order to prohibit a number of business practices that restrain trade. Examples of illegal practices are price-fixing conspiracies, corporate mergers that are likely to cut back the competitive fervor of certain markets, and predatory acts designed to gain or hold on to monopoly power.
Violations of such laws attract sanctions and punishment from the regulatory body in-charge of protecting such.
Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.
Must Gidgits Galore provide its employees with benefits?
Does Gidgits Galore have to implement a payroll tax for unemployment, workers' compensation, or Social Security?
Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea?
Does the Commerce Clause have an effect on Gidgits Galore?
Can Gidgits Galore face any repercussions if it disregards Title VII?
Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Would this represent "disparate treatment"?
Gidgits Galore wants a "young and hip" workforce. Is there a problem if it chooses not to hire anyone over the age of forty?
Gidgits Galore wants to put a section in its updated employment manual preventing employees from taking more than thirty days from work without pay, regardless of the reason. Is this a good idea?
What if Gidgits Galore wants to add a provision to its employee manual preventing employees from forming a union? Can this be done?
Answer:
1. Must Gidgits Galore provide its employees with benefits? No
2. Does Gidgits Galore have to implement a payroll tax for unemployment, workers' compensation, or Social Security? Yes
3. Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea? No
4. Does the Commerce Clause have an effect on Gidgits Galore? Yes
5. Can Gidgits Galore face any repercussions if it disregards Title VII? Yes
6. Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Would this represent "disparate treatment"? Yes
7. Gidgits Galore wants a "young and hip" workforce. Is there a problem if it chooses not to hire anyone over the age of forty? Yes
8. Gidgits Galore wants to put a section in its updated employment manual preventing employees from taking more than thirty days from work without pay, regardless of the reason. Is this a good idea? No
9. What if Gidgits Galore wants to add a provision to its employee manual preventing employees from forming a union? Can this be done? No
Explanation:
Edge 2021
Answer:
no
Explanation:
Target's Market Pantry is an example of which of the following brand types?
Private label brand
Generic
Name brand
Corporate brand
Answer:
Name brand. hope this helps
A primary purpose of the ICH is to:
The ICH's main goal is to reduce the need for redundant research.
What is one of the main goals of ICH?In order to develop and approve safe, effective, and high-quality medicines in the most resource-effective way possible, ICH seeks to establish more global harmonization.
What is the International Conference on Harmonization's main goal?Since its founding in 1990, ICH has steadily changed to reflect the increasingly international nature of pharmaceutical development. To ensuring that safe, effective, and high-quality pharmaceuticals are produced and registered in the most resource-effective way possible, ICH's aim is to create more global harmonization.
What function does ICH serve?Enhancing public safety, competitiveness, data recognition, trial idea and methodologies, ethical awareness, cost effectiveness of research and development, and marketing structure are all responsibilities of ICH-GCP. The frequency of frauds and accidents has decreased as a result of clinical trials being conducted in conformity with ICH-GCP criteria.
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Jeremy's boss told him that if production costs were brought down by 15% by the end of the year, they would be able to bring costs down for consumers. which type of strategy is jeremy's boss suggesting? multiple choice question. low-cost differentiation niche focused
The low-cost strategy is being recommended by Jeremy's supervisor.
Low cost strategy is a type of pricing strategy in which the firm offers the products at low price. This strategy helps to stimulate the demand & gain higher market share. The firm can gain cost advantages by increasing their efficiency, taking advantage of economies of scale, or by getting the raw material at low cost.
Many domestic airlines employ the low cost strategy, selling tickets for incredibly low prices to attract passengers and first-timers. This was made possible by frequenting the routes, providing a no-frills flying experience, and increasing the number of seats every trip. As a result, more individuals were able to fly in a variety of sectors thanks to several airlines cutting costs and generally lowering ticket rates.
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general motors engages in partnerships with its suppliers, component part makers, unions, transport companies, and dealerships—collectively known as its
General Motors engages in partnerships with its suppliers, component part makers, unions, transport companies, and dealerships, collectively known as its "supply chain" or "business ecosystem."
These partnerships are crucial for General Motors to ensure the efficient and effective flow of materials, components, and services required for its manufacturing operations and to maintain strong relationships with stakeholders involved in the production, distribution, and sales of its vehicles. The collaborative efforts with these entities help General Motors enhance its overall competitiveness, streamline operations, manage costs, and deliver high-quality products to its customers.
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General Motors' network of suppliers, component part makers, unions, transport companies, and dealerships are collectively known as its supply chain. These entities contribute to the production and delivery of vehicles, from raw materials to the final customer.
Explanation:General Motors engages in partnerships with various entities such as suppliers, component part makers, unions, transport companies, and dealerships. Collectively, these entities are referred to as its Supply Chain. The supply chain is a network of companies or individuals that contribute to the production and delivery of a product, in this case, vehicles, from start (raw materials) to finish (the customer). For instance, suppliers provide the materials, component part makers fabricate parts, unions represent worker's interests, transport companies arrange for transportation, and dealerships sell the end products to customers. General Motors coordinates these entities to ensure consistent and efficient production.
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Which of the following holds true at the chosen level of output in the long run for firms in a perfectly competitive market?A.) P = MCB.) P = minimum AVCC.) MR = AVCD.) MR > ATC
The holds true at the chosen level of output in the long run for firms in a perfectly competitive market is A) P=MC.
In a perfectly competitive market, where there are many small firms producing identical products, the equilibrium level of output is determined by the intersection of the industry's demand and supply curves. At this level of output, all firms earn zero economic profit in the long run. This is because in a perfectly competitive market, firms are price takers and must sell their products at the prevailing market price.
As a result, the price faced by the firm is equal to its marginal revenue (MR). In the long run, firms adjust their output to the point where their marginal cost (MC) equals their marginal revenue (MR) to maximize their profits. This implies that P = MC holds true at the chosen level of output in the long run.
Option B is incorrect because in the long run, firms must earn enough revenue to cover both their variable and fixed costs, which is represented by the average total cost (ATC) curve. Option C is incorrect because it implies that the firm is earning zero economic profit in the long run, which is not necessarily true. Option D is incorrect because in a perfectly competitive market, firms maximize their profits by producing where P = MC, not where MR > ATC. The correct option is A.
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If the economy is in an expansionary period appropriate policies to pursue may include:_________
If the economy is in an expansionary period appropriate policies to pursue may include a reduction in government spending that shifts the AD curve to the left.
An economy is the area of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
A standard definition of economics might describe it as: a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice.
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who is the fastest typist ever recorded and how many words per minute did she type?
Explanation:
The fastest typist ever recorded is Stella Pajunas-Garnand.
She typed 216 words in a minute.
She's from Chicago, US.16 of 16 >
Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee.
The government purchases: 3.00 trillions of rupees.
Individuals consume: 10.00 trillions of rupees.
Individuals save: 5.02 trillions of rupees.
Businesses invest: 1.60 trillions of rupees.
Foreigners spend: 0.69 trillions of rupees to purchase Pakistani firms.
Pakistan imports: 2.58 trillions of rupees.
Pakistan exports: 1.26 trillions of rupees.
Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in
terms of trillions of rupees, and round to two decimals.
Pakistan's GDP:
11.1
Incorrect
Attempt 3
trillions of rupees
132.8 trillion Indian Rupees
GDP equals C + I + G + NX.
Briefing:-where: NX = net exports, G = government purchases, I = investment, and C = consumption (sometimes called trade balance as X - M where X is exports and M is imports). When responding to a question like this, you should figure out what each variable (C, I, G, and NX) is worth before replacing it with that value and solving the problem. More particularly:
13.28 = 10.00 + 1.60 + 3.00 + (1.26 - 2.58) (1.26 - 2. 58)
Savings and company acquisitions made abroad were distractions in this query. Since GDP is a gauge of an economy's output, we only count finished products and services. Any economy needs savings and foreign investment, but they are not the final commodities and services.
What is the GDP formula?GDP is calculated as private consumption plus gross domestic product plus government investment plus (exports – imports). The country's national statistical office often uses the international standard to compute GDP.
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21) Suppose that the supply of avocado increases due to an improvement in the technology for growing avocado with less watering costs. Which of the following
describes the mechanism of price and quantity adjustment assuming that there is no change in the demand curve?
a) There is a downward pressure on prices and an increase in the equilibrium quantity. b) There is an upward pressure on prices and an increase in the equilibrium quantity.
c) There is no change in equilibrium price and quantity.
d) There is a downward pressure on prices and a decrease in the equilibrium quantity. e) None of the above.
22)
In answering the following question, it may be helpful to draw a supply and demand diagram. What is the effect on equilibrium price and quantity of an decrease in both supply and demand?
a) There is an increase in equilibrium price and an increase in equilibrium quantity. b) There is no change in equilibrium price but a decrease in equilibrium quantity. c) There is a decrease in equilibrium price and an increase in equilibrium quantity. d) There is no change in equilibrium price or quantity.
There is an ambiguous effect on equilibrium price and a decrease in equilibrium quantity.
When the supply of avocados increases due to improved technology and reduced watering costs, assuming no change in the demand curve, there will be a downward pressure on prices. The correct answer is e)
This is because the market is now flooded with a larger quantity of avocados, which leads to increased competition among suppliers. As a result, suppliers will lower prices to attract buyers and sell their larger supply. However, the increase in supply will also lead to an increase in the equilibrium quantity traded, as more avocados are available in the market. Therefore, the mechanism of price and quantity adjustment in this scenario is a downward pressure on prices and an increase in the equilibrium quantity. Therefore, the correct answer is e) .
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--The complete Question is, Suppose that the supply of avocado increases due to an improvement in the technology for growing avocado with less watering costs. Which of the following
describes the mechanism of price and quantity adjustment assuming that there is no change in the demand curve?
a) There is a downward pressure on prices and an increase in the equilibrium quantity.
b) There is an upward pressure on prices and an increase in the equilibrium quantity.
c) There is no change in equilibrium price and quantity.
d) There is a downward pressure on prices and a decrease in the equilibrium quantity.
e) None of the above.--
so whos gonna help me with my family and consumer science finals :/
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU