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3 years ago

Why do markets exist?

Business

2 answers:

xenn [34]3 years ago

5 0

To provide a place for people to trade goods and services

padilas [110]3 years ago

4 0

Markets exist to provide a place for people to trade goods and services. It makes life more convenient as you would go to one place to find what you need instead of scouting the town or city for goods/services.

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____ 24. the banking system currently has $50 billion of reserves, none of which are excess. people hold only deposits and no cu

kramer

Need more information

6 0

3 years ago

On September 1, 2017, Hyde Corp., a newly formed company, had the following stock issued and outstanding:• Common stock, no par,

Pavel [41]

Answer:

Common Stock 5,000

Additional paid-in Common stock 70,000

Preferred Stock 15,000

Additional paid-in Preferred stock 22,500

Explanation:

For the common and preferred stock accounts, we multiply the shares outstanding by the face value.

The additional paid-in will be the difference between the par value and the market price of the share at issuance.

Common stock

5,000 issued shares x $ 1 par value = 5,000

Additional paid-in

15 - 1 = 14 additional paid-in per share

5,000 shares x 14 = 70,000

Preferred stock

1,500 issued shares x $ 10 par value = 15,000

Additional paid-on

25 - 10 = 15 additional per share

1,500 x 15 = 22,500

3 0

3 years ago

The most recent comparative balance sheet of Giacomelli Corporation appears below: Which of the following classifications of cha

Delvig [45]

Answer:

The correct option is B: "The change in Accounts Receivable is a source; The change in Inventory is a use"

Explanation:

However, you will need to look at the asset section as well in order to determine the correct response to this question statement. Depending on how the accounts receivable and inventory changes, you will be able to ascertain which is a source and which is a use. For instance, if the balance in Accounts Receivable and the Inventory has increased, the change is a use. And vice versa.

8 0

3 years ago

To build wealth is a gamble; the wealthy people are lucky and become rich overnight. True or false

klasskru [66]

This seems like a rather subjective question. Wealth is built over a lifetime with income. Inheritance is definitely one way to become wealthy, so I would say True

5 0

2 years ago

The world trade organization envolved from which of the following?

Alexxandr [17]

Answer:

You might want to tape "evolve" in this case the answer is the GATT

Explanation:

The World Trade Organization's predecessor, the General Agreement on Tariffs and Trade (GATT), was established after World War II in the wake of other new multilateral institutions dedicated to international economic cooperation – notably the Bretton Woods institutions known as the World Bank and the International Monetary Fund. A comparable international institution for trade, named the International Trade Organization was successfully negotiated.

The World Trade Organization (WTO) is an intergovernmental organization which regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. The WTO deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which is signed by representatives of member governments and ratified by their parliaments.

3 0

3 years ago