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3 years ago

Three categories of economic activities included in the business services sector of the economy include

2 answers:

8 0

Answering the question, the three categories of economic activities included in the business services sector of the economy include finance, insurance, and real estate.

The business sector refers to a microeconomic sector that involves the private and profit-seeking companies in the economy. These companies combine unlimited resources to produce goods and services that meet the needs of the household sector.

<h2>Further Explanation</h2>

Production of goods and services is the basic role of the business sector and it is made up of three types of business organizations which include proprietorship, partnership, and corporation.

However, there are three main sectors of the economy and these include:

The primary sector
The secondary sector
Service / tertiary sector

The primary sector includes the extractions of unfinished goods, mining, agriculture, forestry, and fishing

The secondary sector has to with the sector that produces finished goods such as cars, foods, clothes. Etc. This sector makes use of raw materials and converts them to finished goods.

Service/ tertiary sector includes business that provides intangible goods and services to their customers. Such businesses include Retail, banking, entertainment, IT services, etc.

There are also some minor sectors of the economy and these include

Public/private sector
Quinary sector

Therefore, the three categories of economic activities included in the business services sector of the economy include finance, insurance, and real estate.

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Three categories of economic activities included in the business service sector of the economy include brainly.com/question/6690691
Three categories of economic activities included in the business services sector of the economy include brainly.com/question/6473216

KEYWORDS:

business services sector
primary sector
retail
real estate
insurance

ch4aika [34]3 years ago

7 0

<span>information, research, and management This an approach to portray a learning based part of the economy, which normally incorporates administrations, for example, data innovation, data age and - sharing, media, and innovative work, and also information based administrations like discussion, training, money related arranging, blogging, and planning. The quaternary segment depends on learning and ability. It comprises of scholarly ventures giving data administrations, for example, figuring and ICT , consultancy and R&D . As per a few definitions, the quaternary area incorporates other unadulterated administrations, for example, media outlets, and the term has been used to depict media, culture, and government.</span>

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Suppose that Under Armor and Nike are the sole producers of a particularly comfortable athletic shoe. The two firms currently ch

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Answer:

b. both firms will reduce their price.

Explanation:

The Nash equilibrium is a decision-making theorem that lies inside the game theory where the player could attain the expected result by not deviating to the beginning strategy. In this, the strategy of the each player is optimal at the time when the other player decisions are relevant

So as per the given situation, both the firm should decrease their price

hence the option b is correct

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2 years ago

economists argue that rent control is a highly efficient way to help the poor raise their standard of living.

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Economists argue that rent control is a highly efficient way to help the poor raise their standard of living. The statement is False.

<h3>What is Economists?</h3>

An economist refers an individual who possesses deep knowledge about the connection between the production that takes place with the help of resources and the output received to determine the growth.

Rent control is a highly efficient way to help the poor raise their standard of living is False. The quantity of legal rise would be limited by rent control, and most landlords support these rules.

Therefore, the statement is False.

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economists argue that rent control is a highly efficient way to help the poor raise their standard of living. True/False.

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2 years ago

Adcock Company issued $600,000, 9%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Adcock

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Answer: Please find answers in explanation column.

Explanation:

a. Journal to record The issuance of the bond

Date Account Titles Debit Credit

Jan. 1 Cash $618,000

9% Bonds payable $600,000

Premium on Bonds payable $18,000

Calculation

Cash = 600,000 x 103% =$618,000

b. The accrual of interest and the premium amortization on December 31, 2020

Date Account Titles Debit Credit

Dec. 31 Interest expense $53,100

Premium on Bonds payable $900

Interest payable $54,000

Calculation

Interest = 600,000 x 9% = $54,000

Premium on bonds = 18,000 /20 = $900

Interest expense=$54,000- $900=$53,100

c.Journal to record The payment of interest on January 1, 2021. Date Account Titles Debit Credit

Jan. 1 Interest payable 54000

Cash 54000

d) Journal to record The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.

Date Account Titles and Explanation Debit Credit

Jan. 1, 2 Bonds payable $600,000

Cash $600,000

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3 years ago

This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,350. Last year, his total tax liability was $15

Dmitrij [34]

Answer:

Lloyd needs to increase his witholding tax to $1,560 this year in order to avoid the underpayment penalty .

Explanation:

As a rule, a citizen can maintain a strategic distance from an underpayment of punishment if their retention and evaluated assessment installment measure up to or surpass one of the two safe harbours

90% of current expense risk = 90% × $11,350

= $10,215

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Since his(Lloyd) retention is not equal to or exceed $10,215 or $15,900

Llyod should expand retaining or make payment this year in order to stay away from underpayment punishment

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3 years ago

Every society faces trade-offs because we live in a world of scarcity. Suppose a student-athlete has the opportunity to earn$400

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Answer:

Earning $700,000 next year playing for a European professional football team

Explanation:

Opportunity cost is the sacrificed option in decision making. The value of opportunity cost is expressed as the forfeited benefits from the next best alternative. Opportunity cost arises due to scarcity of resources, including time and finances.

The student-athlete cannot be in school and engage in play in a professional league in the same year. The student has to pick one option as he or she cannot be in two places at the same time. The forfeited option is the opportunity cost. In the case of many options, the forgone option with the highest value is the opportunity cost. For this student-athlete, $700,000 missed for not playing for a European professional football team is the opportunity cost. It represents the next best alternative from the option chosen.

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