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lesya692 [45]
3 years ago
9

1. Improvements in technology.2. Increases in the supply (stock) of capital goods.3. Purchases of expanding output.4. Obtaining

the optimal combination of goods, each at least-cost production.5. Increases in the quantity and quality of natural resources.6. Increases in the quantity and quality of human resources.Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?a. 1, 2, 5, and 6 only.b. 3 and 4 only.c. 1, 3, and 4 only.d. 3 only.More than 75% of the world's income is earned by what percentage of the world's population?a. 10%.b. 40%.c. 20%.d. 5%.
Business
1 answer:
polet [3.4K]3 years ago
4 0

Answer:

1. Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?

a. 1, 2, 5, and 6 only.

2. More than 75% of the world's income is earned by what percentage of the world's population?

d. 5%.

Explanation:

The above options are the solutions to the  questions asked. In terms of the world's income, 5% of the world's population earns 75% of the world's income.

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Journalize the entries to correct the following errors:
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Answer:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

Explanation:

Preparation of the entry to correct the following errors:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

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3 years ago
A machine costing $251,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer usefu
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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A machine costing $251,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer useful to the company. The estimated salvage value is $3,400.

A) Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (251,800 - 3,400)/3= $82,800

B) Double declining balance:

Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]

Year 1= (248,400/3)*2= 165,600

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3 years ago
Which monarch prepares a speech which is broadcasted on Christmas Day?
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Which of these is a natural result of specialization? A) Isolation is caused by specialization. B) When people specialize they b
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3 years ago
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Imagine that you invest $100,000 in an account that pays 5.9% annual interest compounded monthly. What will your balance be at t
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The compound interest formula is: A= P(1+ \frac{r}{n} ) ^{nt}
Where:
A is the amount you will have.
P is the money you are investing.
r: is the interest rate (in decimals)
n: number of times the interest is compounded per year
t: time (in years)

The first thing is converting the rate from percentage to decimal: 
\frac{5.9}{100} = 0.059

Since the interest is compounded every month and a year has 12 months n=12.

Now we can replace the values in our formula:
A=100000(1+ \frac{0.059}{12} ) ^{(12)(18)}

We can simplify the exponents to get:
A=100000(1+ \frac{0.059}{12} ) ^{216}

Finally, we can use our calculator to get 288463.33

After 18 your balance in your bank account will be $288463.33
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3 years ago
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