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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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Tom Yuppy, a wealthy investor, exchanged a plot of land that originally cost him $33,000 for 1,100 shares of $10 par common stoc

juin [17]

Answer:

$11,000

Explanation:

Given that,

Original cost of land to him = $33,000

Number of shares issued = 1,100

Par value of common stock = $10

The plot of land is exchanged for the shares of common stock. Hence, the value of land at the date of the stock issue is determined by multiplying the number of shares issued with the par value of the common stock. So that we can compare the original cost of land and value of stock issued.

Value of the land:

= Number of shares issued × Par value of common stock

= 1,100 × $10

= $11,000

3 0

3 years ago

The entries for the debit account titles in the "Account Title" column are written

Mice21 [21]

The correct answer is A. about one-half inch away from the left side. This is the format followed in listing down entries of account titles for better readability. This is one way of highlighting the account title column and give emphasis on the accounts falling under the debit category.

8 0

4 years ago

Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $362,000; the partnership

Sveta_85 [38]

Answer:

$362,000 building and $231,000 in Fontaine's capital account

Explanation:

Fontaine and Monroe are forming a partnership

Fontaine invests a building that has a market value of $362,000

The partnership assumes responsibility of $131,000 note

Monroe invests $106,000 in both cash and equipment

The market value is $81,000

Therefore, since the building has a market value of $362,000 then, the amount that is recorded for the building is $362,000

The amount recorded for Fontaine's capital account can be calculated as follows

= $362,000-$131,000

= $231,000

Hence the amount recorded in the building and Fontaine's capital account is $362,000 and $231,000 respectively

8 0

3 years ago

Alternative price indexes

cluponka [151]

Answer:

-value of all goods and services produced in the economy this year

-this year's prices

-value of all goods and services produced in the economy this year

-the base year's prices

-bought by consumers

-the first scenario would have effect on the GDP deflator

-the second scenario would have effect on the GDP deflator

Explanation:

The GDP deflator is used in measuring inflation in the economy by measuring changes in prices of goods in the economy. It is used together with other indices such as consumer price index in arriving at a more accurate or balanced measurement of inflation I'm the economy. The GDP deflator would be affected above because it is more comprehensive in it's calculation or measurement as it doesn't take into account only a basket of goods and services like the Consumer price index does

6 0

3 years ago

Select all that apply

ANTONII [103]

Answer:

Go to your financial institution

Endorse the check and return it to whoever gave it to you

4 0

2 years ago