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3 years ago

There are several steps you can take to reduce the potential of being a victim

Business

1 answer:

vitfil [10]3 years ago

7 0

Answer:

Here are some steps to be taken to avoid being a victim of consumer fraud:

Spot Imposters: Scammers often pretend to be someone else, especially one you can trust, like a government official.
Online searching: Search about the company of product online to see if it is legit or not.
Don't pay in advance: Scammers always try to get money in advance, in terms of taxes or fees.
Discuss with someone: Before giving someone your money, talk to someone you trust or preferably to an expert.
Personal information: Don't given any unknown person your personal information, money, or any kind of financial details

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Which of the following are microeconomic problems? (You may select more than one answer.)(a) Work/leisure choice.(b) Marketing s

Ksivusya [100]

Answer:

(a) Work/leisure choice

(b) Marketing strategy

Explanation:

Microeconomic issues relate to those that are within the scope and power of individuals, households and firms which means that problems here will relate to decisions that these participants make in relation to resource allocation.

Choices relating to leisure or work have to do with the individual and the resources they would need or derive from either work or leisure and so are a microeconomic problem.

The marketing strategy that a firm should pursue is related to an individual firm and so is a microeconomic problem as well.

8 0

3 years ago

The following information was taken from the income statement and balance sheet of The Perryman Company for the years 2018 and 2

puteri [66]

Answer:

a. Net profit margin for 2019 = 35.93%

b. Asset turnover for 2019 = 0.29 times

c. Return on assets = 10.24%

Explanation:

Note: This question is not complete. The complete question is thereore provided before answering the question as follows:

The following information was taken from the income statement and balance sheet of The Perryman Company for the years 2018 and 2019:

2019 2018

Sales revenues $590,000 $574,000

Net income 212,000 184,000

Total assets 2,142,000 1,998,000

Total stockholders’ equity 712,000 690,000

Compute the following ratios for 2019:

Net profit margin

Asset turnover

Return on assets

The answers are now explained as follows:

a. Net profit margin for 2019

This can be calculated as follows:

Net profit margin for 2019 = Net income in 2019 / Sales revenues in 2019 = $212,000 / $590,000 = 0.3593, or 35.93%

b. Asset turnover for 2019

This can be calculated as follows:

Asset turnover for 2019 = Sales revenues / Average total assets = Sales revenues in 2019 / ((Total assets in 2019 + Total assets in 2018) / 2) = $590,000 / (($2,142,000 + $1,998,000) / 2) = 0.29 times

c. Return on assets for 2019

This can be calculated as follows:

Return on assets = Net income / Average total assets = Net income in 2019 / ((Total assets in 2019 + Total assets in 2018) / 2) = $212,000 / (($2,142,000 + $1,998,000) / 2) = 0.1024, or 10.24%

4 0

3 years ago

whichof the following best explains why the game of economics is about setting goals as much as it is about making allocation de

Xelga [282]

There are different and incompatible economic goals. (APEX Class ;)

5 0

3 years ago

Read 2 more answers

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies:_____.

Hitman42 [59]

The assumption in perfect competition that there is an easy entry and exit from the market implies that firms will make a zero economic profit in the long run.

<h3>Why do firms make a zero economic profit?</h3>

In a pure competition, companies are allowed to freely enter and leave.

They take advantage of this to enter a market when prices are high and economic profit is being made.

As more firms enter, the economic profit keeps decreasing as prices decrease until this profit gets to zero and then turns to economic losses.

At this point, some firms will leave the market to stop making losses. When they do, the supply will decrease which leads to prices rising once more.

The cycle will then repeat itself and keep the companies at a zero economic profit in the long run.

Find out more on perfect competitions at brainly.com/question/1748396

#SPJ1

3 0

1 year ago

The following information relates to the assets of Westfield Semiconductors as of December 31, 2019. Westfield uses the straight

Salsk061 [2.6K]

Answer:

See the explanation below.

Explanation:

Given the following:

Asset Acquisition-Cost Expected-Life Residual-Value Time-Used

Land $104,300 Infinite $100,000 10 years

Building 430,000 25 years 30,000 10 years

Machine 285,000 5 years 10,000 2 years

Patent 80,000 10 years 0 3 years

Truck 21,000 100,000 miles 3,000 44,000 miles

Therefore, we have:

Building annual depreciation = ($430,000 - $30,000) / 25 = $16,000

Building net book value (NBV) = $430,000 - (16,000 * 10) = $270,000

Machine annual depreciation = ($285,000 - 10,000) / 10 = $27,500

Machine NBV = $285,000 - ($27,500 * 2) = $230,000

Patent annual amortization = $80,000 / 10 = $8,000

Patent net written down value = $80,000 - ($8,000 * 3) = $56,000

Truck accumulated depreciation = ($21,000 - 3,000) * (44,000 / 100,000) = $7,920

Truck NBV = $21,000 - $7,920 = 13,080

Westfield Semiconductors Balance Sheet (Partial) as of December 31, 2019.

<u>Details $</u>

Property, plant, and equipment:

Land (Cost) 104,300

Building (NBV) 270,000

Machine (NBV) 230,000

Truck (NBV) <u> 13,080</u>

Total PPM 617,380

Intangible assets:

Patent (NRV) <u> 56,000</u>

Total tangible and intangible assets <u> 673,380</u>

4 0

2 years ago