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3 years ago

Explain what the national debt is and two ways to affects the country

1 answer:

5 0

A National Debt is the amount of money obtained by one country from another that has not been paid. This can effect a country by means of loss of land actually owned, or it can cause agencies (e.g. Social Security Administration) to be cut on their budget. Meaning the agency to be cut of operational funding will loose a certain amount of funding until funds are found. Normally multiple agencies are cut to obtain some of the money to pay back the debt but this can really hurt agencies for reasoning of staffing as well as other operational costs. Hope this helps!

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Forey, Inc. competes against many other firms in a highly competitive industry. Over the last decade, several firms have entered

crimeas [40]

Answer:

The market that characterizes the industry in which Forey competes is a market where competition is at its greatest possible level and it is a perfectly competitive market and the reason is because its returns decrease with the entering of new firms, also four-firm concentration ratio and Herfindahl Hirschman index are both quite small, so no one has significant market power to set or even influence the market price. In the short-run Forey Inc’s profit will decrease as more and more new firms enter the market and in the long-run Forey Inc will receive only normal (zero) economic profit.

4 0

3 years ago

Industries that are viewed as specialty (instead of a commodity) have a high level of rivalry?

nikdorinn [45]

Answer:

Specialty goods are the products which require high efforts in purchasing because their cost is certainly high, consumers cant take a risk of buying them frequently, like sporting cars, high end cameras, luxury high end clothing etc. There are many industries in specialty goods in which you can see intense level of rivalry. For example, in sporting cars, you have multiple brands which have very severe kind of rivalry like Jaguar and BMW - Lexus and Lotus, they not compete in cars but they compete in their advertisements, evenest as well.

Whereas, when you consider, photographic camera industry, you will also find intense kind of rivalry between Canon and Sony, Leica and Olympus. Here they not only face direct competition from other camera brands, but they also have to face competition from the cell phone industry, which also provide high end cameras in their cell phones like iPhone, Samsung and Oppo etc.

4 0

3 years ago

Compass Inc. purchased 1250 bags of insulation, on account, from Glassco Inc. The bags of insulation cost $5.50 each. Compass pa

Alina [70]

Solution and Explanation:

Journal entry to record the purchase the bags of insultaion.

Date Particulars Debit Credit

Inventory $6875

accounts payable $6875

(Purchased insulated bags from Glassco Inc., 1250bags at the rate $5.5 each)

entry to record the payment for shipping

Inventory $320

cash $320

( paid shipping charges for bags to warehouse)

entry for return of the defective bags

accounts payable $275

Inventory $275

( returned defective bags to glassco Inc)

To record the payment for the bags kept by compass.

Accounts payable $6600

cash $6600

( payment for remaining bags to Glassco Inc., )

4 0

3 years ago

If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar,

Pie

Answer:C

Explanation: Since you need 2.5 Canadian Dollars, .89 = to 1. Therefore 2.5 times the .89 equals to 2.225, or rounding up to 2.23

6 0

3 years ago

Can anyone join my quiz code in explanation

Bezzdna [24]

Answer:

huh

Explanation:

where is it? I cant find it

7 0

2 years ago