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4 years ago

Informal institutions are composed of sets of:

Business

1 answer:

Evgesh-ka [11]4 years ago

5 0

Answer:

The correct answer is letter "A": voluntary agreements.

Explanation:

Informal institutions are groups of people that gather voluntarily because of common social rules under non-regulated scenarios. Clans are examples of informal institutions. Informal institutions are not considered as a culture and tend to have a self-enforcing regulatory operations approach.

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Oakley Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $32,100. If

Murrr4er [49]

Answer: $2100

Explanation:

From the question, we are informed that Oakley Company does not ring up sales taxes separately on the cash register and that the total receipts for February amounted to $32,100 and the sales tax rate is 7%.

The amount that must be remitted to the state for February's sales taxes will be:

= $32,100/(1+7%) × 7%

= $32100/(1 + 0.07) × 0.07

= $32100/1.07 × 0.07

= $2100

7 0

3 years ago

By the time you turn 30 years old, what insurance do you expect to have?

WINSTONCH [101]

honestly you would need all of them because they are very important to have as you get older

5 0

3 years ago

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_______ utility is the benefit marketing provides by transforming raw materials into finished products, as when a dress manufact

liberstina [14]

Answer: Form utility

Explanation: Form utility refers to the enhancement in the value of a commodity done by altering the product in one way or another. Form utility means making a product more usable for the consumers by modifying its physical appearance. Changing the wood into furniture is one of many examples of form utility.

Hence, from the above we can conclude that the right answer to this question is form utility.

4 0

3 years ago

You have just turned 40 years old and are trying to decide who much money to put into your retirement plan. The plan works as fo

Karolina [17]

Answer:

$31,886.09

Explanation:

years until retirement = 65 - 40 = 25 years

interest earned 7%

retirement age 65

expected life span after retiring = 95 - 65 = 30 years

financial needs during retirement $250,000 per year

current account balance $200,000

we must first determine how much money you will need when you are 65:

present value = $250,000 x 12.409 (PV annuity, 30 years, 7%) = $3,102,250

your $200,000 will be worth $200,000 x (1 + 7%)²⁵ = $1,085,486.53 in 25 years

so you need $3,102,250 - $1,085,486.53 = $2,016,763.47 extra

using the FV formula for an annuity:

$2,016,763.47 = payment x 63.249 (FV annuity, 25 years, 7%)

payment = $2,016,763.47 / 63.249 = $31,886.09

7 0

3 years ago

There will be a higher equilibrium price and quantity if _____.

Natasha2012 [34]

Answer:

Try A

Explanation:

8 0

3 years ago

Read 2 more answers