5.55%
What is percentage?
In mathematics, a % is a number or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent sign, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement. %, which is a relative figure used to denote hundredths of any quantity. Since one percent (symbolized as 1%) is equal to one tenth of a percent, 100 percent denotes the complete amount, and 200 percent denotes twice the amount of the given percentage, By dividing the value by the entire value and multiplying the result by 100, one may determine the percentage. The percentage calculation formula is (value/total value)100%.
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Please forgive me if I’m wrong
I think it would be a.true
Answer:
Unrestricted international trade generally increases the overall prosperity of poor countries.
Explanation:
According to my research on free trade agreements, I can say that based on the information provided within the question usually free trade or Unrestricted international trade generally increases the overall prosperity of poor countries. This is because it removes import and export barriers and allows for new markets to develop and an inflow of cash to come into the country. This is why free trade agreements were created even though it sometimes has an opposite effect like bad working conditions, job loss, and economic decline for some countries but these are very situational effects.
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Edison's general journal entry to record this transaction will include a Credit to Utilities Expense for $520.
<h3>What is a general journal entry?</h3>
It means the record of financial transactions and these entries are made in the order that the transactions occurred.
Mostly, it contain information about things like cash receipts and payments but can also contain inventory balances, purchases and sales etc
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Answer:
Price of the whiskey would remain unchanged and the existing firms would continue to earn zero economic profit
Explanation:
In a perfectly competitive market, the market comprises of large number of sellers selling homogeneous products. The equilibrium is arrived at by the interaction of forces of market demand and supply and thus no single seller controls the output or influences the price.
The firms represent price takers in such form of markets.
Another major feature of this form of market being free entry and exit of firms which means existing firms can exit and new firms can join as there are no restrictions.
In the long run, firms earn zero economic profits in case of perfect competition.
In the given case, a huge factory of one of the leading producers of alcohol has been destroyed. The market being in long run equilibrium with zero economic profits, it means the incident will not in any way affect pricing and quantity as this will encourage new firms to enter liquor production market selling at lower price which would restore the equilibrium to it's original.