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3 years ago

How does a market system prevent people from getting as many goods and services as they wish?

1 answer:

7 0

Prices prevent this. Lots of people can't afford to get as much as they wish, rather as much as they can buy. That's why a market system and stores don't sell out so easily, because people don't buy as much as they really wish for, but how much they need.
Hope this helps!

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an article titled “What the Top 1% of Earners Majored In,” that 8.2% of Americans who majored in economics for their undergradua

RUDIKE [14]

Your economics training provides you with a terrific set of job skills, and in fact the economics major provides you with virtually all of the top ten most important job skills.

Economics are not restricted to one specific job category. Thus you have a wide variety of employment choices available to you. Because you have both quantitative as well as qualitative skills, however, it is natural to exploit your comparative advantage and find a position that utilizes both sides of your training.

The job market recognizes the special job skills that a major in economics provides. 80% of graduates in economics receive starting salaries in the range of $24,800-42,000 (

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4 years ago

On January 1, 2014, Borstad Company purchased equipment for $1,180,000. It is depreciating the equipment over 25 years using the

lord [1]

Answer:

Explanation:

a)Purchase cost - 1,180,000

Useful life - 25

Annual depreciation = 47,200

Timeline - Jan 1 , 2014 - 2019 = 6 years

Accumulated depreciation = 47200*6=283,200

Carrying value at 2019 = (1,180,000 - 283,200)= 896,800

B) Annual cash flow - 400,000

Annual cash outflow - (295,000)

Net cash inflow= 105,000

Net cash flow for 8 years = 105000*8 = 840000

Since the net cash inflow is less than the carrying value , there is an impairment.

PV value of the net cash inflow at 12% discount for 8 years = 521,602

Impairment loss = $375,198

At December 21.2019

2.) Debit impairment loss - $375,198

Credit equipment - $375,198

4 0

4 years ago

10. Which of the following is NOT a trading instrument? *

bonufazy [111]

Answer:

b is the answer ur looking

Explanation:

you're welcome have a wonderful rest of your week God loves you and Merry Christmas

6 0

3 years ago

On January 1, 2016, Wasson Company purchased a delivery vehicle costing $50,710. The vehicle has an estimated 8-year life and a

oee [108]

Answer:

Book value= $33,008

Explanation:

Giving the following information:

On January 1, 2016:

Purchase cost= $50,710.

Residual value= $4,700

Wasson uses the units-of-production depreciation method.

The vehicle will be driven 107,000 miles.

2016= 10,700 miles

2017= 18,700

First, we need to calculate the depreciation of 2016 and 2017, using the following formula:

Annual depreciation= [(original cost - salvage value)/useful life of miles]*miles

2016= [(50,710 - 4,700)/107,000]*10,700= $4,601

207= 0.43*18,700= $8,401

Book value= depreciable value - accumulated depreciation

Book value= 46,010 - (4,601 + 8,401)= $33,008

7 0

4 years ago

What should a consumer consider when shopping for a credit card? Check all that apply.

vfiekz [6]

The factors that a consumer should check for while shopping for credit card are:
1. The initial fees to open the account.
2.The fees charged for late payment.
3. The annual percentage rate for the card.
One need to get these information and compare the values among different banks in order to be able to choose one that will be suitable for one's needs.

4 0

3 years ago

Read 2 more answers