What disadvantages of an economy based on a single cash crop?

Productive assets that are physically consumed in operations are:

katen-ka-za [31]

Answer:

B. Natural resources

Explanation:

The assets which are consumed physically and are productive also is come under the natural resources. The example of natural resources includes mineral deposits, coal mine, iron, etc. It is also known as wasting an asset. These are considered as long term assets

In the case of the natural resources, the depletion expense is charged, not the depreciation or amortization expense

6 0

3 years ago

When the price of gasoline decreses, brad buys more gasoline and more of all other goods. this information describes:_____.

marshall27 [118]

When the price of gasoline decreases, brad buys more gasoline and more of all other goods. this information describes the real income effect of a price decrease.

The profits impact describes how the alternate in the charge of an awesome can change the quantity that purchasers will demand of that accurate and associated item, primarily based on how the fee change impacts their real income.

the cash earned with the aid of someone, company, authorities, etc. Over a particular period of time that is calculated through thinking of the impact of inflation on what can surely be sold with that cash: In common, an individual worker is increasing his or her real income by using much less than 1% at the present time.

A boom in real incomes will reason the call for items/offerings to boom (the extent to which relies upon the marginal propensity to eat). however, as the majority of united kingdom goods are imported, growth in the call for goods will increase the demand for imports.

Learn more about real income here: brainly.com/question/14943772

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3 0

2 years ago

How do the Four Key Elements of Economics work in society?

Varvara68 [4.7K]

Four key economic concepts–scarcity, supply and demand, costs and benefits, and incentives

Explanation:

Although possessing a clear knowledge of economic philosophy isn't quite as critical as managing the family budget or studying how to drive a vehicle, the qualities that motivate the analysis of economics affect every moment of our lives. At the most simple point, economics is attempting to understand how and when we make the buying decisions we do.

Four main economic principles – shortage, supply and demand, costs and profits, and opportunities – can help clarify a variety of human decisions.

7 0

3 years ago

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's recor

Charra [1.4K]

Answer:

Help Today

Statement of Retained Earnings

For the Month Ended on August 31, 202X

Retained earnings at the beginning of the period: $0

Net Income: $10,410

Dividends: <u>($6,020)</u>

Retained earnings at the end of the period $4,390

Explanation:

First we must organize the numbers and prepare an income statement:

Consulting fees earned $27,010

Rent expense ($9,570)

Salaries expense ($5,620)

Telephone expense ($880)

<u>Miscellaneous expenses ($530)</u>

Net income: $10,410

then a balance sheet:

Balance Sheet

Assets:

Cash $25,370

Accounts receivable $22,370

Office supplies $5,260

Land $44,010

Office equipment $20,020

Total assets: $117,030

Liabilities and Equity:

Accounts payable $10,540

Common stock $102,100

Total liabilities and equity: $112,640

+ Retained earnings $4,390

Total: $117,030

Dividends 6,020

two ways to determine retained earnings:

Retained earnings ⇒ assets - (liabilities + equity) = $117,030 - $112,640 = $4,390
Another way to calculate retained earnings = net income - dividends = $10,410 - $6,020 = $4,390

8 0

3 years ago

Stewart grants Julie a security interest in 500 shares of stock in his company in exchange for a loan. Stewart makes his loan pa

Musya8 [376]

Answer:

The answer is C. may release her interest in the stock by filing an amendment.

Explanation:

3 0

3 years ago