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NARA [144]
2 years ago
12

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

Business
1 answer:
masha68 [24]2 years 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

brainly.com/question/867677

#SPJ4

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Answer:

1.

The annual net cost savings promised by the automated welding machine

Annual Costs savings in replacing 6 welders $108,000

Reduced Material costs $6,500

Total annual Costs savings = $114,500

Note there is a $3,000 annual maintenance cost that will then be taken off this savings amount to make up the Annual Net cash inflow of $111,500

2

A. The Net Present value is $72,227. Kindly refer to the attached document for the clear presentation

B. The project should be accepted because it delivers a positive NPV. Meaning the net benefit outweighs the cost of owning the new Assets.

3.

The Discounted net Cash flow for the 6 years (aside the initial outlay) is $402,227.

Annually this comes to $67,038.

The benefit the business gets in the switch to the automatic welders is approximately $67,038 annually.

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Prompt
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3 years ago
You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifical
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Answer:

a. The Debit column is correctly stated.

b. The Credit column is understated by $17,300 ($8,650 * 2).

c. The Automobiles account balance is correctly stated in the trial balance.

d. The Accounts Payable account balance is understated in the trial balance by  $17,300 ($8,650 * 2).

e. If the Debit column total of the trial balance is $200,000 before correcting the error, the total of the Credit column before correction is $182,700.

Explanation:

This mistake is an Error of Commission.  It is a problem of arithmetical accuracy, for example, posting to the wrong side of one ledger account.  In this case, the Accounts Payable should have been credited with the amount of $8,650.  As an arithmetic error, it can only be corrected by doubling the affected amount on the Credit side of the Accounts Payable account.

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Answer:

The correct response will be "Paying a premium price ".

Explanation:

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