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Pavel [41]
3 years ago
5

For many years a mainstay of the economy in Seattle, Washington was commercial fishing. Many people not employed in the fishing

industry were employed providing goods and services to fishermen. This is an example of __________.
Business
1 answer:
Stells [14]3 years ago
7 0

Answer: The above is an example of a basic employment generating nonbasic employment.

Explanation: Basic employment is employment as a result of businesses that operate on a very large scale, and usually these businesses export their products outside the location where they are because they can more than meet the demand of that locality.

As seen in the question above, where fishing is the mainstay of the economy of Seattle. This means the fishing industry in Seattle can meet the demand of Seattle and still have commercial quantities for export.

Non-basic employment often refers to small businesses who offer services to the local customers.

In the case of the question above, the fishing industry has brought about a rise in small businesses, these small businesses will make profit from meeting the needs of the fishermen.

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Which statement defines equilibrium in a graph showing demand and Supply curves? <br>​
NemiM [27]

On a graph that shows supply and demand curves, <u>equilibrium is the single point where the two curves meet</u> (aka are <em>equal</em>).

5 0
3 years ago
the federal reserve: regulates the banking system. clears all checks. prints all currency. makes loans to individuals.
Andrew [12]

The Federal reserve regulates the banking system. The American government's central bank and monetary authority is known as the Federal Reserve System.

  • A secure, adaptable, and stable monetary and financial system is provided by the Fed for the nation.
  • The 12 regional Federal Reserve Banks that make up the Federal Reserve System are each in charge of a particular part of the country.
  • Conducting national monetary policy, overseeing and regulating banks, preserving financial stability, and offering banking services are among the Fed's primary responsibilities.
  • The Fed manages the nation's money supply through the Federal Open Market Committee, which also sets monetary policy.
  • The Federal Reserve System's primary regulator of banks that are members is the Fed, which has broad authority to take action to promote financial stability.

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6 0
1 year ago
Balance Sheet Below are items that may appear on the balance sheet. Required: Match each item with its appropriate classificatio
JulijaS [17]

Answer:

Item                                                           Classification

1. Buildings                                             -  Property, plant, and equipment

 

2. Copyright                                           -  Intangible assets

3. Supplies                                             - Current assets

4. Unearned service revenue              - Current liabilities

5. Prepaid insurance                            - Current assets

6. Common stock                                 - Contributed capital

7. Rent payable                                    - Current liabilities

8. Accounts receivable                        - Current assets

9. Allowance for doubtful accounts    - Retained earnings

10. Bonds payable                                - Long-term liabilities

Explanation:

A. Current assets - Assets that exist for a period not exceeding 12 months such as supplies.

B. Property, plant, and equipment - Assets of a Physical Nature that are expected to be used for more than a year.

C. Intangible assets - Assets that do not have a physical nature and are expected to be used for more than a year.

D. Current liabilities - Short term obligation due within a period of 12 months.

E. Long-term liabilities - Long term obligations due within a period exceeding 12 months.

F. Contributed capital - Capital raised by owners of the company excluding reserves attributed to them.

G. Retained earnings - Amounts set aside out of profits that are distributable to the shareholders of the company. Therefore Incomes and expenses are found here.

3 0
3 years ago
Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $40. The following cost data per fan is
olga55 [171]

Answer:$50

Explanation:

3 0
3 years ago
The price/sales multiple is typically only used for the valuation of firms without earnings. true false
sveta [45]

The main purpose of price/sales multiple ratio is typically only for the purpose of valuation of firms having no earnings till the date of valuation. Therefore, the given statement holds true.

<h3>What is the significance of Price/Sales ratio?</h3>

Price/Sales ratio can be referred to or considered as a ratio that is used to determine the total sales made by the company without earning any profits over their sales at a given price.

Investors use this ratio in order to valuate a firm based on the sales they have made in multiples, however without earnings, that can prove to derive good investment returns in the future.

Therefore, the aforementioned statement regarding price/sales ratio holds true.

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3 0
2 years ago
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