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iris [78.8K]
4 years ago
11

Ruby received a score of 90 on an intelligence test. two days later she received a score of 55 on a different form of the same t

est. the test was apparently lacking in
Business
1 answer:
olasank [31]4 years ago
7 0
The test was lacking in clarity
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Explain the debtor-creditor relationship.
Helen [10]
A debtor<span> is someone who owes a financial obligation (a “debt”) to another, known as the </span>creditor<span>. An example of a </span>debtor-creditor relationship<span> is where a bank lends money to an individual or company, on the basis that the money has to be paid back at some point to the bank</span>
7 0
3 years ago
Read 2 more answers
In a given year, US exports were $5 billion and imports were $16 billion. What was the US trade deficit or trade surplus that ye
BARSIC [14]
First, we will calculate the net trade balance:
net trade balance = exports - imports = $5 billion - $16 billion = $-11 billions

Then, we will decide whether this is trade deficit or trade surplus. A trade surplus is when the value of exports is more than that of imports while a trade deficit is when value of imports is more.
From the mentioned values, it is clear that the US suffered from a trade deficit this year.
Value of trade deficit = $11 billion.
5 0
3 years ago
Lee Company has a current ratio of 2.65. The acid test ratio is 2.01. The current liabilities of Lee are $45,000. The dollar amo
White raven [17]
Given:
Current ratio: 2.65
acid test ratio: 2.01
current liabilities: $45,000

Current ratio = current asset / current liabilities
2.65 = current assets / 45,000
2.65 * 45,000 = current assets
119,250 = current assets

Acid test ratio = (current assets - stocks) / current liabilities
2.01 = (current assets - stocks) / 45,000
2.01 * 45,000 = current assets - stocks
90,450 = current assets - stocks

119,250 - 90,450 = 28,800 is the dollar amount of merchandise inventory.
6 0
3 years ago
Randy earns $250 per week plus 4 ½ percent commission on the dollar amount of all of his sales. to the nearest dollar, what must
puteri [66]
Step 1) Make the equation describing the situation:
            y = 0.045 x + 250
Where x is the sales and y is his total earning.
if,
y = 500 (total earning)
then,
500 = 0.045 x + 250
500 - 250 = 0.045 x
250 = 0.045 x
x = 250/0.045
x =   $5,555.55
The total value of his sales should be $5,555 to earn a total of $500.
8 0
4 years ago
Consumers are willing to purchase a product up to the point where the marginal benefit of consuming a product is equal to its pr
Galina-37 [17]
<span>Consumers are willing to purchase a product up to the point where the marginal benefit of consuming a product is equal to its price.
</span>The term marginal benefit denotes the<span> benefit to a consumer receives from consuming one more unit of a good or service.
</span><span>On the other hand, marginal cost is the additional cost to a firm of producing one more unit of a good or service.</span>

4 0
4 years ago
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