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3 years ago

A data type is called ____________________ if the variable or named constant of that type can store only one value at a time.

Business

1 answer:

masya89 [10]3 years ago

4 0

Answer:

Simple

Explanation:

The arrangement of data in a file or data base where in each and every data grouping, like record, holds equal significance or are of equal importance.

Simple data types are those data types which is representative of a single value. These are used for the creation of policies

Thus a data type is referred to as simple data type wherein a constant (named) constant or any variable the same type is capable of storing only a single value at an instant of time.

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When the government imposes price floors or price ceilings, A. some people win, some people lose, and there is a loss of econ

xxTIMURxx [149]

Answer:

The answer is: A) some people win, some people lose, and there is a loss of economic efficiency.

Explanation:

When the government imposes a price ceiling, some consumers win since they buy cheaper products (lower than equilibrium price) but suppliers lose. Inf the government decides a price floor is better, then customers will lose and some suppliers will win (prices are higher than equilibrium price).

Both price ceilings and price floors cause deadweight loss, decreasing economic efficiency.

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3 years ago

Which of the following concepts requires that economic data be recorded in dollars in the United States?

s344n2d4d5 [400]

Answer:

Unit of measure concept

Explanation:

The definition for a unit of measure refers to a common principle used throughout accounting, whereby all activities should be reported uniformly using the same currency. For instance, a business that holds its documents in just the U.S. will report its whole dealings in U.S. dollars, whereas a German company will report all its payments in euros.

If a transaction includes transactions or transfers in another currency, the sum is translated until being registered to the domestic currency utilized by an entity. Without a specific standard unit, financial reports will be impossible to generate.

4 0

3 years ago

Read 2 more answers

Refer to exhibit 4-1. in a free market, ________ units of the good would be exchanged. with a price ceiling, _______ units of th

solniwko [45]

The answer is option "<span>d. 125; 75".
</span>
Free market alludes to an economy where the legislature or government forces few or no confinements and directions on purchasers and sellers. In a free market, members figure out what items are created, how, when and where they are made, to whom they are offered, and at what value—all in light of free market activity.

4 0

3 years ago

Which of the following will not cause the production possibility frontier to shift? Group of answer choices the introduction of

algol13

Answer:

an increase in the working population

Explanation:

The Production possibilities frontier (PPF) is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

The PPF can shift either inward or outward.

An outward shift is associated with an increase in output while an inward shift is associated with a reduction in output.

Factors that cause the PPF to shift

1. changes in technology. technological progress leads to outward shift of the PPF. introduction of "fiber optic" technology would shift the PPF outward.

2. changes in available resources. a land reclamation program would increase the land available for production and this would increase output. While an explosion destroying a chemical plant would reduce output and lead to an inward shift of the PPF

3. changes in the labour force. A decrease in unemployment would increase output and shift the the PPF outward

Working population is the number of people between 15-59.

6 0

3 years ago

Gateway Ltd sets up a company and in the first nine days of trading the following transactions occurred

valina [46]

1. The completion of the relevant ledger accounts for Gateway Ltd is as follows:

<h3>Cash Account</h3>

Date Account Titles Debit Credit

January 1: Common Stock $10,000

January 2: Inventory $4,000

January 3: Delivery Van $2,000

January 5: Sales Revenue $1,500

January 7: Accounts Payable $800

January 8: Rent Expense $200

Balance $4,500

<h3>Accounts Receivable</h3>

Date Account Titles Debit Credit

January 6 Sales Revenue $5,000

<h3>Inventory</h3>

Date Account Titles Debit Credit

January 2 Cash $4,000

January 4 Accounts Payable 1,000

January 6 Cost of goods sold $5,000

<h3>Delivery Van</h3>

Date Account Titles Debit Credit

January 3 Cash $2,000

<h3>Accounts Payable</h3>

Date Account Titles Debit Credit

January 4 Inventory $1,000

January 7 Cash $800

Balance $200

<h3>Common Stock</h3>

Date Account Titles Debit Credit

January 1 Cash $10,000

<h3>Sales Revenue</h3>

Date Account Titles Debit Credit

January 5 Cash $1,000

January 6 Accounts Receivable 5,000

Balance $6,000

<h3>Cost of goods sold</h3>

Date Account Titles Debit Credit

January 6 Inventory $5,000

<h3>Rent Expense</h3>

Date Account Titles Debit Credit

January 8 Cash $200

2. The extraction of a trial balance for Gateway Ltd is as follows:

<h3>Trial Balance</h3>

As of January 9

Account Titles Debit Credit

Cash $4,500

Accounts Receivable 5,000

Delivery Van 2,000

Accounts Payable $200

Common Stock 10,000

Sales Revenue 6,500

Cost of goods sold 5,000

Rent Expense 200

Totals $16,700 $16,700

<h3>Data Analysis:</h3>

January 1: Cash $10,000 Common Stock $10,000

January 2: Inventory $4,000 Cash $4,000

January 3: Delivery Van $2,000 Cash $2,000

January 4: Inventory $1,000 Accounts Payable $1,000

January 5: Cash $1,500 Sales Revenue $1,500

January 6: Accounts Receivable $5,000 Sales Revenue $5,000

January 7: Accounts Payable $800 Cash $800

January 8: Rent Expense $200 Cash $200

Learn more about extracting a trial balance at brainly.com/question/14604253

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2 years ago