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NemiM [27]
3 years ago
10

It is possible for an ancillary product to be both a consumer good and a business good.

Business
1 answer:
marusya05 [52]3 years ago
8 0
True. <span>It is possible for an ancillary product to be both a consumer good and a business good. 
An ancillary product is defined as a product that in addition to its main function, it provides something extra. Because the product provides something extra whether it is for the consumer or for another business, it is able to be an ancillary product for both. Receiving extra benefits from a product that was purchased is highly sought after for many types of consumers. 
</span>
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People who combine natural resources, labor, and capital in a profitable venture are called entrepreneurs.
svlad2 [7]
Answer
It’s not accurate but...,
Entrepreneur is an individual who creates business
Bearing most of the risks and enjoying most of the reward
Commonly seen as an innovator, a source of new ideas, goods, service and business
Hope it helps at least a little
Sorry if it’s not correct or useless
8 0
3 years ago
Differentiate between accounting and bookkeeping
UkoKoshka [18]
Accounting adds and subtracts numbers billing etc.
Bookkeeping just organizes and stores imformation.
5 0
3 years ago
The futures price of gold is $1,000. Futures contracts are for 100 ounces of gold, and the margin requirement is $3,000 a contra
Dmitry [639]

Answer:

a. The initial remittance is the same as the initial margin requirement of $3,000.

b. The profit is;

= 100 ounces * ( 1,005 - 1,000)

= $500

Return is;

= Profit/ Margin

= 500/3,000

= 16.67%

c. The loss is;

= 100 * ( 1,000 - 998)

= -$200

d. If the futures price declines to $984, what must the speculator do?

Depends on if the maintenance requirement is still below the balance.

= 3,000 - 100 * (1,000 - 984)

= $1,400

This is below the maintenance margin of $1,500 and so the speculator will have to deposit an amount that will take it back to the original margin requirement.

= 3,000 - 1,400

= $1,600

Speculator should deposit $1,600.

e. = 3,000 - 100 (1,000 - 982)

= $1,200

8 0
3 years ago
On the production possibilities frontier, the opportunity cost of producing one more unit of a commodity per period is measured
Leni [432]

Answer:

Shape of the production possibility frontier curve.

Explanation:

Production possibility frontier curve is the graphical representation of various combination of two goods that a firm can produce by the given technology or other factors of production.

Opportunity cost in this context refers to the amount of one good is sacrificed for producing one extra unit of other commodity. The opportunity cost is normally related with the share of the production possibility curve. If the PPF curve is a horizontal line, then the opportunity cost remains the same over the different level of production of goods.

5 0
3 years ago
Megan’s balance sheet shows that on February 7, 2010 she had assets totaling $27,600 and debts totaling $32,500. Which of the fo
balandron [24]

Answer:

Option (C) is correct.

Explanation:

Given that,

Megan’s balance sheet shows:

Total assets = $27,600

Total debts = $32,500

Net worth is the difference between total assets and total liability.

Net worth = Total assets - Total debts

                 = $27,600 - $32,500

                 = -$4,900

Therefore,

Megan’s balance sheet shows the negative worth of $4,900.

4 0
4 years ago
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