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djyliett [7]
1 year ago
9

If a certain household earns and spends $24,000 per year and, on the average, holds a money balance of $6,000, then the velocity

of money for this household is?
Business
1 answer:
solong [7]1 year ago
4 0

If a certain household earns and spends $24,000 per year and, on average, holds a money balance of $6,000, then the velocity of money for this household is 4.

A household consists of one or more people who live in the same dwelling and share meals. It can also consist of a single-family or another group. Households are the basic unit of analysis in many social, microeconomic, and government models and are important to economics and inheritance.

The definition of household relates to family or social units living together, or household behavior. You and your family members who live with you are an example of your household. Budgets and checkbooks are examples of household budget tools.

Learn more about household here:brainly.com/question/9417571
#SPJ4

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Aleonysh [2.5K]

Answer:

tellers at JP Morgan Chase branches.

Explanation:

The organization i.e. customer focused along with it, it is inverted organization that empowered the front line workers at the upper level of the pyramid so this organization form represent the example of the tellers at the branches of JP Morgan chase where the same thing happen

So the same is to be considered

3 0
3 years ago
In the product development process, _____ eliminates ideas that are inconsistent with an organization's new-product strategy or
Serggg [28]

Answer:

Screening

Explanation:

Screening is a process in product development that evaluates and compares ideas that are put together for a business.

Simply put, screening is the checking and analyzing of ideas about a new product to ensure that the best idea is utilized to ensure profit.

Screening is done because every idea suggested cannot be good enough or useful for an organization and as such have to be trimmed off or trashed entirely to enable one use the best approach from other ideas.

I hope this helps.

8 0
3 years ago
Segregation of duties controls dictates that the collection and recording functions be kept separate from each other. However, t
nekit [7.7K]

Answer:

Option D All of the above statements are correct.

Explanation:

The solution of the issue is software integration and making flow of information on timely basis across the company. The recommended solutions given in the question are correct because:

  1. Establishing a lockbox arrangement is similar to having a single company bank account. This means that the company will have a confirmation from the bank that the payment is received by the bank from customers.
  2. The remittance advice sent with payment helps to solve the misunderstanding, assist in recording transaction to keep the system updated and provides resistance to fraudulent practice.
  3. The mailroom personnel who require mailing of trade receivable balance which the customers owe to company and trade payable balance which the company owes to suppliers. This avoids the company paying illegitimate amounts and receiving the amounts which the customers actually should pay to the company.

So all of the statements are correct.

5 0
3 years ago
Webster is a talented baker and has a degree in business management. He wants to own his own chain of incorporated bakeries one
Semmy [17]

Answer:Lack of Feasibility studies

Explanation:

He might experience obstacle if he choose not to understand the area and its demand by the people around the selected area.

Secondly is lack of capital to start up the business.

7 0
3 years ago
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The graph represents the supply and demand curve for chocolates in the economy. Identify the price and quantity at which there w
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Answer:

Equilibrium Price - 3

Equilibrium Quantity - 3

Explanation:

The price at which there will be equilibrium in the chocolate market is 3 units while the corresponding quantity is also 3 units.

<u>The equilibrium price and quantity represents the price and quantity where the demand for a product is equal to the supply for the same product respectively.</u>

<em>In the graph, the point of intersection of the demand and the supply curve represents the equilibrium point. At this point, the price on the Y axis is 3 units while the corresponding quantity on the X axis is also 3 units.</em>

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