Answer:
The quality of Income ratio is 0.56
Explanation:
Here in this question, we are interested in computing the quality of income ratio
Mathematically;
Quality Income Ratio = Cash flow from Operating Activity/Net Income
= 53,700/96,000 = 0.56
So what does this ratio tell us?
The indication we have from this calculation is that it is the operating activities that is supplying the bulk of the cash needed by the company (0.56 is 56%).
The remaining cash needs of 0.44 or 44% is sourced from other activities of the company and not its operating activities
<span> </span>The establishment was a loosely
knit coalition of those who controlled state policy in the days of one party
democratic politics in Texas such as the Anglo business and oil company
executives, lawyers, and bankers. Political
change in Texas and the nation eroded the conditions that fostered Democratic
dominance.<span />
<span />
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</span>
Answer:
c. Minimum "price" that is above equilibrium price
Explanation:
if the minimum wages is below equilibrium then it will be ineffective as there wasn't any agent willing to trade his labor at this rate.
The minimum wages must be placed above equilibrium to be effective. This will force both, laborers who were willing to work for less and employees whose intention were to pay less than minimum to trade at minimum wage.
Answer:
A. Jordan specializes in household production, while Chris specializes in marketplace work.
Explanation:
Chris and Jordan both can work for their household. The best way is to achieve maximum utility by using the combination of their skills. Chris can go for household work and Jordan can go for marketplace work. They both can use combination of their specialization to achieve maximum utility.
<u>Answer:</u>
<em>Elastic</em>
<u>Explanation:</u>
Price Elasticity of Demand (PED) is a method in economics which shows the demand quantity of a good or service, in response to a change in its price. PED is a percentage change in quantity demanded, when the price changes by one percent.
The demand is said to be inelastic for a good or service when the PED is less than 1. When it is greater than 1, then the demand is said to be elastic.
