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Katyanochek1 [597]
3 years ago
15

Brainliest! What three institutions influence economics the most? Explain how each influences economics and provide examples of

each.
Business
2 answers:
Genrish500 [490]3 years ago
7 0

Answer:

The three institutions that influence economics the most are households, businesses, and the government.

Explanation:

Households consume many of the goods produced by businesses, and the members of households are the owners of wealth. Households provide labor, land, capital, and entrepreneurial skills to businesses. Businesses do not receive profits, they are the middlemen who channel profits to the owners of the businesses. The government requires you to submit a "charter" to the state if you a corporation.

Mandarinka [93]3 years ago
5 0
Hiya!
The answer would be political, legal and social institutions. 
1.) Political: Political institutions create and enforce laws, which help the growth of economics. 

2.)Legal: Legal institutions is human behavior, which helps the economics have humanly effects.

3.)Social: Social institutions consists of a group of people who come together for a common purpose
Goodluck! c:

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Different societies use different types of money. The MAIN requirement for any type of money to become a medium of exchange is t
Snezhnost [94]
The answer is D) easy to divide into units
8 0
3 years ago
Use the following information for exercises 15 to 18 LO P2 The following information applies to the questions displayed below] O
Mrrafil [7]

Answer:

            Ernst Consulting

             Balance Sheet

For the Month Ended October 31, 202x

Assets:

Cash $12,650

Accounts receivable $12,800

Office supplies $2,850

Office equipment $17,530

Land $45,940

Total assets $91,770

Liabilities and stockholders' equity:

Accounts payable $8,110

Common Stock $83,540

Retained earnings $120

Total liabilities and stockholders' equity $91,770

Explanation:

I ordered the accounts and included a couple that were missing:

  • Cash 12,650
  • Accounts receivable 12,800
  • Consulting revenue 12,800
  • office supplies 2,850
  • Land 45,940
  • office equipment 17,530
  • Accounts payable 8,110
  • Cash dividends 1,570  
  • Common Stock 83,540
  • Rent expense 3,110
  • Salaries expense 6,490
  • Telephone expense 850
  • Miscellaneous expenses 660

First we need to determine net profit for the month:

Consulting revenue 12,800

Salaries expense -6,490

Rent expense -3,110

Telephone expense -850

Miscellaneous expenses -660

net profit = $1,690

retained earnings = net profit - dividends distributed = $1,690 - $1,570 = $120

7 0
3 years ago
A classified income statement has four major sections—operating revenues, cost of goods sold, operating expenses, and non-operat
Advocard [28]

Answer: False

Explanation:

The statement in the question that a classified income statement has four major sections which are the operating revenues, cost of goods sold, operating expenses, and non-operating revenues and accounts receivables is not true.

It should be noted that a classified income statement is made up of the revenue, the expenses and the non operating revenues and expenses.

3 0
3 years ago
Use the drop-down menus to indicate whether each of the following events would be recorded as revenues or expenses at the time i
nikitadnepr [17]

Answer and Explanation:

The classification is as followS:

<u>Transactions                                 Accrual basis        Cash basis </u>

1. Cash received in advance      Not record              record the revenue

2. Purchase supplies                  Not record              Not record the expense

3. Received cash for services     record  revenue       record revenue

4. Perform services                     Record revenue       Not record the revenue

5. Pay cash for the supplies         Not record          record the expense

In this way it should be classified

4 0
3 years ago
For a company using target costing, market price minus profit equals target price.
Sav [38]

Answer:

The answer is false

Explanation:

Market price minus profit equals target cost and not target price.

6 0
3 years ago
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