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nadya68 [22]
3 years ago
9

Zoom which group of income earners had an average income of $6,327?

Business
1 answer:
Andrei [34K]3 years ago
8 0
Can’t see the picture
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The economics discipline focuses on understanding trade-offs in decision making.
masha68 [24]

The economics discipline focuses on understanding trade-offs in decision-making. The above statement is true.

<h3>What is economics?</h3>
  • The social science of economics focuses on the creation, exchange, and consumption of goods and services.
  • Economics is the study of how economies function and the activities and interactions of economic agents.
  • Microeconomics is a branch of economics that studies individual actors and markets, as well as how they interact and what happens as a result of those interactions. Examples of individual agents include homes, businesses, buyers, and sellers.
  • Macroeconomics examines the economy as a system in which production, consumption, saving, and investment coexist, as well as factors influencing it such as the employment of labor, capital, and land resources, currency inflation, economic growth, and public policies that have an effect on these components.

To learn more about economics with the given link

brainly.com/question/867677

#SPJ4

4 0
1 year ago
Economic formulas are available to compute annual payments for loans. suppose that you borrow an amount of money p and agree to
Lapatulllka [165]

The amount of money p will be payed  in an annual payments at Annual percentage rate.

Annual percentage rate is the yearly interest produced by a sum that the borrower has to pay . Annual percentage rate is conveyed as a percentage that shows the real annual cost of funds during the term of a loan or income earned on an investment. It does not consider compounding into account.

"APR is calculated by multiplying the periodic interest rate by the number of periods in a year in which it was put in".

APR=((Fees+Interest/p/n)×365)×100

Where-

Interest=Total interest paid during life of the loan

P=Loan amount

n=Number of days in loan term

To learn more about  Annual percentage rate here

brainly.com/question/17613825

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6 0
1 year ago
On April 2, Kelvin sold $40,000 of inventory items on credit with the terms 1/10, net 30. Payment on $24,000 sales was received
motikmotik

Answer:

Explanation:

The journal entry is shown below:

1. Accounts receivable A/c Dr $160

        To Sales discounts forfeited $160

(Being sales discount  is recorded)

The computation of the sales discount is shown below:

= (Sales value - payment made) × discount rate

= ($40,000 - $24,000) × 1%

= $160

2. Cash A/c Dr $16,000

       To Accounts receivable A/c $16,000

(Being cash is received)

4 0
3 years ago
Interest inventory that classifies people according to 6 different types
harkovskaia [24]
What is the question asking !?
6 0
3 years ago
Waupaca Company establishes a $400 petty cash fund on September 9. On September 30, the fund shows $122 in cash along with recei
Lemur [1.5K]

Answer and Explanation:

The Journal entry is shown below:-

September 9

Petty cash fund Dr, $400

     To Cash $400

(Being establishment of petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

September 30

Merchandise Inventory Dr, $51

Postage expense Dr, $73

Cash Short and over Dr, $13

Miscellaneous Dr, $141

      To Petty Cash $278

(Being reimburse of petty cash find is recorded)

Here we debited the merchandise Inventory, postage expense, cash short and over and miscellaneous as it is expenses while we credited the petty cash as is reimbursed.

October 1

Petty cash fund Dr, $60

($460 - $400)

     To Cash $60

(Being increase in petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

6 0
3 years ago
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