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1 year ago

The economics discipline focuses on understanding trade-offs in decision making.

Business

1 answer:

masha68 [24]1 year ago

4 0

The economics discipline focuses on understanding trade-offs in decision-making. The above statement is true.

<h3>What is economics?</h3>

The social science of economics focuses on the creation, exchange, and consumption of goods and services.
Economics is the study of how economies function and the activities and interactions of economic agents.
Microeconomics is a branch of economics that studies individual actors and markets, as well as how they interact and what happens as a result of those interactions. Examples of individual agents include homes, businesses, buyers, and sellers.
Macroeconomics examines the economy as a system in which production, consumption, saving, and investment coexist, as well as factors influencing it such as the employment of labor, capital, and land resources, currency inflation, economic growth, and public policies that have an effect on these components.

To learn more about economics with the given link

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Robin needs $25,000 to start a business. In her search for the best (low cost) loan, she has gathered the following information

RUDIKE [14]

Answer:

Bank A

Explanation:

To recommend from which bank Robin should borrow from, we need to calculate the interest which is the cost of borrowing from each of the banks.

Note:

Interest amount = Total amount to repay - Loan amount .................. (1)

Equation (1) is used as follows:

Bank A:

Interest = ($9,000 × 3) - $25,000 = $27,000 - $25,000 = $2,000

Interest/loan rate = ($2,000 ÷ $25,000) × 100 = 8%

Bank B:

Interest = ($7,000 × 4) - $25,000 = $28,000 - $25,000 = $3,000

Interest/loan rate = ($3,000 ÷ $25,000) × 100 = 12%

Bank C:

Interest = ($6,000 × 5) - $25,000 = $30,000 - $25,000 = $5,000

Interest/loan rate = ($5,000 ÷ $25,000) × 100 = 20%

Recommendation

Robin should borrow from Bank A since it offers the lowest loan rate of 8%.

7 0

2 years ago

The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production

madam [21]

Answer:

Equivalent units of production= 746,000 units

Explanation:

Giving the following information:

Units completed 620,000 100%

Ending Work in Process 180,000 70%

<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 620,000 + (180,000*0.7)

Equivalent units of production= 746,000 units

7 0

3 years ago

Kyle has $2,200 in cash received for high school graduation gifts from various relatives. He wants to invest it in a certificate

Darina [25.2K]

Answer:

Kyle will have in five years from now 2,501.26 dollars for his investment on certificate of deposit.

Explanation:

We need to calcualte the future value of a lump sum:

$Principal \: (1+ r)^{time} = Amount$

Principal $ 2,200

time 5 years

rate 2.6% = 2.6/100 = 0.02600

$2200 \: (1+ 0.026)^{5} = Amount$

Amount 2,501.26

7 0

3 years ago

Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respec

Oksana_A [137]

Answer:

$250,000

Explanation:

Calculation for the cash flows from operating activities to be reported on the Statement of Cash Flows

Using this formula

Cash flows=Income Statement+(Accounts receivable arising from sales)

Let plug in the formula

Cash flows=$240,000 +($80,000-$70,000)

Cash flows=$240,000 +$10,000

Cash flows=$250,000

Therefore the cash flows from operating activities to be reported on the Statement of Cash Flows is $250,000

6 0

2 years ago

Sandler Industries manufactures plastic bottles for the food industry. On average, Sandler pays $70 per ton for its plastics. Sa

Oksi-84 [34.3K]

Based on the amount of drool generated, the cost of the plastics, and the disposal cost, the annual cost of the machine drool is<u> $289,560.</u>

<h3>What is the annual cost of the machine drool?</h3>

This can be found as:

= Material cost of machine drool - Disposal cost

Material cost = (Machine drool generated per month x Number of months in year x Cost of each ton of drool)

Disposal cost = (Machine drool generated per month x Number of months x disposal charge)

Solving gives:

= (190 x 12 x 70) + (190 x 12 x 57)

= 159,600 + 129,960

= $289,560

Find out more on annual cost of waste at brainly.com/question/10910406.

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2 years ago