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3 years ago

Effective notes do NOT __________.

Business

1 answer:

shutvik [7]3 years ago

4 0

Answer:

a. <u>include very detailed descriptions and explanations</u>

Explanation:

Effective notes prepared from a lecture or reading material should ideally include concise, brief, to the point explanations, laying emphasis on main headings and main concept lines.

The objective of preparing notes is to reduce massive content into small easy to recall content which can be readily referred to as per the need.

Neat, well organized, concise comprising of key words and important information would make for an effective note. Preparing lengthy notes with detailed explanations and unnecessary information would be a wasteful exercise.

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Suppose that after hurricaneâ€‹ Irene, the average income in Capeâ€‹ Charles, Virginia decreased by 2 percent. In response to th

satela [25.4K]

Answer:The income elasticity of demand for steak in Cape Charles is ___6.0%____. In thisâ€‹ instance, steak in Cape Charles is __A luxury good_____

Explanation:

The formula for calculating income elasticity is given as

Percentage Change in demand divided by the Percentage change in income

Income Elasticity = 12%/-2%= 6%

Luxury goods have an income elasticity of demand greater +1 what we can conclude from this is that buying streak from Cape Charles is not an essential economic activity because a fall in income resulted to a proportionate decrease in quantity demanded.

In this instance, steak in Cape Charles is a Luxury good _____

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3 years ago

You need some money today and the only friend you have that has any is your miserly friend. He agrees to loan you the money you

Serggg [28]

Answer:

The correct option is (b)

Explanation:

Given:

Monthly payment for 6 months = $30 per month

Time period = 6 month (6 periods)

Monthly interest rate = 2%

In order to compute borrowed amount, present value of these payments need to be computed which is an annuity as same amount of $30 is paid.

Checking PVIFA table for 2%, 6 periods, annuity factor is 5.6014.

Borrowed amount = Monthly payment × PVIFA(2%,6)

= 30 × 5.6014

= $168.042

Borrowed amount is $168.042 or $168.22 approximately (difference in value due to annuity factor being rounded off)

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3 years ago

Explain how a country could have a deficit on its primary income but a current account surplus. 4 marks

Tatiana [17]

<h2>The following are the reasons for how a country could have a deficit on its primary income but a current account surplus:</h2>

The identified and associated sources of primary income would be different than the sources of financial activities that reflect their collection in the current account.
The expenses on developmental activities could be drawn from the primary account rather than drawing them directly from the current account.
There could be diversions of funds to manage the accounts in order to earn interest on them.

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3 years ago

Sarah's house caught on fire. Through the prompt assistance of her neighbor Odessa, the fire was quickly extinguished. In gratit

Zepler [3.9K]

Answer:

To enforce this promise we need to analyse whether there has been any agreement or contract between Sarah and Odessa and whether the same can be enforced.

Explanation:

In Sarah's case, her offer to gratuitously pay the neighbor for assisting in the house fire is not an enforceable contract. When the neighbor rushed to help in the fire, the offer to pay $1,000 had not yet been extended. When Sarah did extend the offer to pay $1,000, there was no consideration exchanged between both parties. The consideration, putting out the fire, had already occurred without the offer or acceptance of a contract.

Consider an alternate scenario. Sarah's house was on fire, and she could not wait for the fire department. She ran to her neighbor's house, begged for help, and offered $1,000 in exchange for neighbor's assistance. After hearing Sarah's plea, the neighbor agrees to assist in extinguishing the fire. This constitutes a contract; an offer, consideration, and acceptance.

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3 years ago

Barnes Corporation purchased 75 percent of Noblesâ€™ common stock for $262,500, which was acquired at book value. The fair value

Wittaler [7]

Solution:

Barnes Corporation purchased 75 percent of Nobles’ common stock

During the year, Nobles reports net income of $40,000.

Hence, 75% of net income of Nobbles is attributable to Barnes Corporation.

Barnes reports for income from subsidiary prior to consolidation

= 40,000 x 75%

= $30,000

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3 years ago