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4 years ago

According to adam smith, the success of decentralized market economies is primarily due to

1 answer:

5 0

Interests of individuals differ , hence a decentralized market system is successful as people have different tastes, interests and likes, preferences etc.

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You are about to borrow $15,000 "from a bank at an interest rate of" 8% compounded annually. You are required to make three eq

Reptile [31]

Answer:

Year 1 $15000

Interest $1,200

repayment $5,820.50

Year 2 $10,379.50

Interest $830.36

repayment $5,820.50

Year 3 $5,389.36

Interest $431.15

repayment $5,820.50

Closing balance $0

Explanation:

Year 1 Interest = $15,000 * 8% = $1,200

Closing balance at the end of year 1 = $15,000 (loan principal) + $1,200(interest) - $5,820.50 = $10,379.50

Year 2 Interest = $10,379.50 * 8% = $830.36

Closing balance at the end of year 2 = $10,379.50 (opening balance prior year) + $830.36 (interest) - $5,820.50 = $5,389.36

Year 3 Interest = $5,389.36 * 8% = $431.15

Closing balance at the end of year 3 = $5,389.36 (opening balance prior year) + $431.15 (interest) - $5,820.50 = 0

6 0

3 years ago

If the price level rose from 131 to 157 but economic output remained the same, real gdp would:______

Arlecino [84]

If the price level rose from 131 to 157 but economic output remained the same, real GDP would increase.
The price level has increased and the output is constant then the nominal GDP would increase.

The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished products and services produced (and marketed) inside a nation within a specific time period (typically 1 year). Purpose. GDP stands for "Gross Domestic Product" and reflects the total monetary worth of all finished products and services produced (and sold on the market) inside a nation during a specific period of time. GDP is the most often used indicator of economic activity (typically 1 year). Purpose. The most often used indicator of economic activity is the GDP.

To know more about GDP visit:
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8 0

2 years ago

The following selected transactions apply to Topeca Supply for November and December Year 1. November was the first month of ope

vitfil [10]

Answer:

Note: See attached excel file for the record of the effect of the given transactions in a horizontal statements model.

In the attached excel file, we have:

Assets = Liabilities + Stockholders' Equity = $152,155

Explanation:

In the attached excel file, we have:

Sales tax payable on sales for November Year 1 = $65,500 * 9% = $5,895

Sales tax payable on sales for December Year 1 = $79,500 * 9% = $7,155

Assets = $152,155

Liabilities + Stockholders' Equity = $7,155 + $145,000 = $152,155

Therefore, the accounting equation is proved as follows:

Assets = Liabilities + Stockholders' Equity = $152,155

Download xlsx

6 0

3 years ago

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units)

RoseWind [281]

Answer:

d.$38,000

Explanation:

The computation of the inventory amount is shown below:

= (Total cost and expenses amount ÷ number of units produced) × unsold units

= ($380,000 ÷ 10,000 units) × 1,000 units

= $38,000

All other information which is given in the question is not relevant. Hence, ignored it

We simply divide the total cost and expenses amount with the production units and then multiply it by unsold units

4 0

4 years ago

What type of writing in james t. farrell lonigan?

konstantin123 [22]

Was an American novelist, short-story writer, and poet. Farrell based his writing on his own experiences, particularly those that he included in his celebrated "Danny O'Neill Pentology" series of five novels.

8 0

3 years ago