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3 years ago

Which of the following statements is TRUE? (economics)

Business

1 answer:

Angelina_Jolie [31]3 years ago

6 0

Answer:

Explanation:

Banks are other lending entity's has access to a customer borrowing history. Through credit rating agencies, a bank can know whether a customer has a bad history in making loan repayments.

When a customer takes up a loan, banks share that information with a credit rating agency. The agency updated its records with the customer's national identity, such as the social security number. The banks keep on updating agencies on how each customer is meeting their obligation. Credit card payments are considered as loans.

Credit agencies rates each customer creditworthiness by assessing how they been repaying their debts. A higher credit score means the customer repays his loans promptly without missing installments. The information of each customer is available to all banks and lenders upon request.

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The marginal social benefit received from pollution is equal to its marginal social cost in the market for highly polished glass

Natasha_Volkova [10]

Answer:

. firms in the market produce the socially optimal level of pollution

Explanation:

Externality is when the activities of economic agents affect third parties not involved in production or consumption.

Negative externality is when the marginal social cost is greater than the marginal social benefit. In this case, firms in the market produce too much pollution and society's well-being can be improved if the quantity of pollution decreases.

Postive externality is when the marginal social benefit is greater than the marginal social cost. In this case, firms in the market produce too little pollution.

I hope my answer helps you

4 0

4 years ago

Read 2 more answers

What is your employer required to have on fixed ladders that extend more than 24 feet in the workplace?

Dmitriy789 [7]

Answer:

B. Ladder safety or personal fall arrest systems

Explanation:

Under the provisions of OSHA laws, where the total length of a climb equals or is greater than 24 feet or 7.3 meters, ladders must be equipped with one of the following safety devices.

ladder safety devices
Self-retracting lifelines, and rest platforms at intervals not to exceed 150 feet (45.7 m)
A cage or well and multiple ladder sections with each ladder section not to exceed 50 feet (15.2 m) in length.

The safety devices are cautionary provisions to protect a climber should the unexpected happen.To ascend a height of 24 feet and more is exhausting, which poses a risk. The climber may feel dizzy or develop height phobia due to exhaustion.

5 0

3 years ago

Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours

Gnoma [55]

Answer:

1. The fixed portion of the predetermined overhead rate for the year is $10,000 per direct labor hour.

2. The fixed overhead budget variance is $4,000 unfavourable and the fixed overhead volume variance is $10,000 favourable.

Explanation:

In order to calculate the the fixed portion of the predetermined overhead rate for the year we would have to use the following formula:

predetermined overhead rate for the year=<u>Total fixed overhead cost year</u>

Budgeted direct labor-hours

=$ 250,000/25,000

=$10,000

1. The fixed portion of the predetermined overhead rate for the year is $10,000 per direct labor hour.

In order to calculate the fixed overhead budget variance, we use the following formula:

2. fixed overhead budget variance=Actual fixed overhead cost for the year- budgeted fixed overhead cost for the year

=$ 254,000-$ 250,000

=$4,000 unfavourable

In order to calculate the fixed overhead volume variance, we use the following formula:

fixed overhead volume variance=budgeted fixed overhead cost for the year-fixed overhead appliead to work in process

=$ 250,000-(26,000×10)

=$10,000 favourable

5 0

3 years ago

A local restaurant, Farm Fresh Ingredients, has become highly successful through its menu, based solely on organically raised ch

White raven [17]

Answer:

The answer to this question is C. sustainable

Explanation:

Competitive advantages are conditions that allow a company or country to produce a good or service of equal value at a lower price or in a more desirable fashion. These conditions allow the productive entity to generate more sales or superior margins compared to its market rivals.

In the case of Farm Fresh, Its competitive advantage is said to be sustainable, because the major factor required for maintaining a competitive advantage is continuous expansion which Farm Fresh has exhibited ; it has opened new branches selling its unique products and these new locations are becoming highly profitable:

Hence the answer is C. Sustainable

6 0

3 years ago

Read 2 more answers

Elite Trailer Parks has an operating profit of $251,000. Interest expense for the year was $33,900; preferred dividends paid wer

Liula [17]

Answer:

EBIT = $251,000

interest expense = $33,900

taxes = $68,100

net income = $251,000 - $33,900 - $68,100 = $149,000

preferred dividends = $30,100

total stocks outstanding = 25,700

common dividends = $44,700

a) EPS = (net income - preferred dividends) / outstanding common stocks = ($149,000 - $30,100) / 25,700 = $4.63 per share

commons dividends per share = common dividends / outstanding common stocks = $44,700 / 25,700 = $1.74

b) retained earnings increase = net income - preferred dividends - common dividends = $149,000 - $30,100 - $44,700 = $74,200

6 0

3 years ago