Answer:
Highly
Explanation:
In a global context, economic development is highly correlated with the level and efficiency of financial markets and institutions.
Financial markets can be defined as any marketplace where the trading of securities occurs.
Types of financial markets includes:
1. Money market
2. Foreign exchange market (forex)
3. Bond market
4. Over the counter market
5. Stock market
Economic development refers to the process by which a state improves the economic, political, and social well-being of its citizens. It involves structural transformation, technological innovation and industrial upgrading which will increase labor productivity and improvements in infrastructure.
Stages of economics development includes:
1. Traditional stage
2. Pre-condition for take off stage
3. Take off stage
4. Drive to maturity stage
5. Age of high mass consumption stage
Answer:
Highly
Explanation:
In a global context, economic development is highly correlated with the level and efficiency of financial markets and institutions.
Answer:
The answer is: $70,000
Explanation:
Economic profit is defined as the difference between the accounting profit earned from selling products or services and the opportunity costs (or implicit costs).
The formula used to calculate economic profit is:
accounting profit - implicit costs = economic profit
were accounting profit = total revenues - explicit costs
($400,000 - $200,000) - $130,000 = $70,000 Lashondra´s economic profit
The resources that helped in operating the businesses are also known as economic resources.
<h3>What is production?</h3>
Production is the process used by businesses to make varied products by converting the raw materials into finished ones.
Economic resources are those which are used by the firms in manufacturing goods and services. The goods are then available in the market for purchase by the consumers. The production can't be carried out if these resources are not present.
Therefore, economic resources are the important resources that help the business to operate.
Learn more about the economic resources in the related link:
brainly.com/question/1503203
#SPJ4
Answer: $651,000
Explanation:
From the above question, Apple's iPod carries a two-year warranty against manufacturer's defects.
warranty costs are expected to be approximately 3% of sales.
Total sales are $30.7 million, and actual warranty expenditures are $270,000.
Total warranty cost = $30.7 million x 3% = $921,000
During the 1st year only $270,000 of warranty expenses was made.
Therefore the company will carry as liability at the end of the year a total of $921,000 - $270,000 = $651,000
Answer:
B)debit Interest Expense, $200; credit Interest Payable, $200
Explanation:
The adjusted journal entry for the interest expense is shown below:
Interest expense A/c Dr $200
To Interest payable $200
(Being the interest adjusted entry is recorded)
Since we have to record the interest expense from September 1 to September 30 which reflects 1 month and the computation of interest expense is shown below:
= Principal × rate × (number of month ÷ total number of months in a year)
= $40,000 × 6% × (1 ÷ 12)
= $200