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3 years ago

How does competition benefit the general economy?

Business

2 answers:

Ilya [14]3 years ago

6 0

Answer:

A. Lower prices can benefit the general economy.

USPshnik [31]3 years ago

5 0

C. More regulations, this keeps competition fair to avoid exploitation

(‘A’ only benefits consumers as they keep more money to themselves rather than it circulating through the economy)
(‘B’ and ‘D’ it’s pretty obvious that isn’t the case)

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Adjustments for unearned revenues: Select one: a. decrease liabilities and increase revenues. b. increase liabilities and increa

Mnenie [13.5K]

Answer:

(D) decrease revenues and decrease assets

Explanation:

Since the revenue is unearned, its entry in the books needs to be reversed.

When a revenue was recorded in the books, the like journal entry would have been.

Debit Cash/Bank/Receivables Account (thus increasing asset)

Credit Revenue Account (thus increasing revenue)

There, reversing the entry will involve decreasing revenue and decreasing asset.

8 0

3 years ago

The amount of income under absorption costing will be more than the amount of income under variable costing when units manufactu

Sholpan [36]

Answer: A.exceed units sold

Explanation:

In Absorption Costing, All costs be it Fixed or Variable that are directly related to production are considered when computing the Cost of Production.

Under Variable Costs however, only variable Costs are considered for the computing of Cost of Production.

This difference in consideration of costs under each method leads to difference in income determination under each method.

Under Absorption Costing, fixed manufacturing costs are apportioned on produced units and the costs are only recovered when the units are sold but under variable costing, fixed manufacturing costs are treated as period costs and are therefore charged to the Income statement.

This means that, the amount of income under absorption costing will be more than the amount of income under variable costing when units manufactured exceed units sold.

8 0

3 years ago

In 1895, the winner of a competition was paid $150. In 2006, the winner's prize was $70,000. What will the winner's prize be in

Jobisdone [24]

Answer:

the price will grow to $ 507,571.77 If it continues with the same grow rate

Explanation:

first we solve for the rate:

2006 - 1895 = 111 years

$Nominal (1+r)^{n} = FV\\150 (1+r)^{111} = 70,000\\\\r = \sqrt[111]{70,000 / 150 } -1$

r = 0.06

Now we apply this rate for the year 2040:

2040 - 2006 = 34 years

$Principal \: (1+ r)^{time} = Amount$

Principal 70,000.00

time 34.00

rate 0.06000

$70000 \: (1+ 0.06)^{34} = Amount$

Amount 507,571.77

6 0

3 years ago

Concept: Change in Checking Deposits Show Work Question Help Suppose you deposit $1 comma 8001,800 cash into your checking acco

aksik [14]

Answer:

$8,181.81

Explanation:

Data provided in the question:

Amount deposited in the checking account = $1,800

Required reserve ratio = 0.220

Now,

Change in the checking deposits is calculated as:

⇒ ( Amount deposited ) × ( Money multiplier )

also,

Money multiplier = $\frac{\textup{1}}{\textup{Reserve ratio}}$

⇒ Money multiplier = $\frac{1}{0.220}$

⇒ Money multiplier = 4.54

Therefore,

Change in money supply = $1,800 × 4.54

⇒ Change in money supply = $8,181.81

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4 years ago

Patrick and britt are in agreement that patrick will pay britt $2000 for a used vehicle. at what point is there a binding contra

katrin2010 [14]

<span>There is a binding contract as soon and Patrick and Britt orally agree. There does no need to be a written contract as long as there is a meeting of the minds.</span>

5 0

3 years ago