Injurious consumption is negative in nature and not good at all for a person.
Utilizing resources to meet immediate needs and desires is known as consumption. It is contrasted with investing, which entails making purchases in order to acquire future revenue. Consumption is a key idea in economics and is also explored in a wide range of social sciences. Consumption is defined differently by various economic schools. Mainstream economists believe that only the final purchase of newly produced goods and services by individuals for immediate use qualifies as consumption; all other types of expenditure, including government spending, fixed investment, and intermediate consumption, are classified as separate categories (see Consumer choice). Many other economists define consumption as the whole of all economic activity that does not involve the creation, manufacturing, or selling of products and services.
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Answer:
Answer is option a, i.e. trade-offs and connections may differ in short run and the long run.
Explanation:
Keynes' law in economics and Say's law in economics are contradictory in their perspective. Where Keynes' law says that it is the demand that creates the supply, on the other hand, Say's law states that its the supply that tends to create the demand. But, we cannot neglect any of the above facts as demand and supply cant operate independently. So, on combining the two laws, we happen to take both the given laws into account. Also, it is found that Keynes' law is more appropriate and accurate for the short-run whereas, Say's law is for the long run. This thus creates trade-offs and connections that differ in the short-run and long-run by affecting the three important goals of macroeconomics, i.e. higher standard of living, low inflation, and low unemployment.
Answer:
(1) (i) 9.16 times
(ii) 39.845 days
(2) Yes
Explanation:
1. Net credit sales = 35,497
Average net receivables = (3,391 + 4,359) ÷ 2
= 3,875
So,
Receivables turnover ratio = Sales revenue (2022) ÷ Average net receivables
= 35,497 ÷ 3,875
= 9.16 times
However I don't know how they got the net receivables figure, because:
Gross receivable - ADA = net receivable,
but it doesn't work out like this above, so since the net receivable is given, I just used it as given.
Average collection period = 365 days ÷ Receivables turnover
= 365 ÷ 9.16
= 39.845 days
2. In order for something to be "material" it must be important.
Accounts Receivable are part of current assets and they are very important, so the answer is yes.
Answer:
Follows are the solution to this question:
Explanation:
The necessary resources, irrespective of human actions could be defined as natural resources. Wind, light, water, land, rock, plants, animals, and coal power were common examples of natural resources.
- For the development of any country, the resource is important. For instance, energy sources are necessary to generate power so, we need mineral reserves for industrial development.
- For the population increasing it is important to preserve them, that's why we decide because each person has a different viewpoint so, they can't be unanimous agreement.
