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Dmitrij [34]
3 years ago
15

Why is it important to understand economics

Business
1 answer:
Nookie1986 [14]3 years ago
5 0
Macroeconomics is important because it allows the public to understand the economy as a whole, fiscal policy and global economic policy.
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Ankar notices that one
zepelin [54]

Answer:

What

Explanation:

6 0
2 years ago
Fixing a problem will often cost money to minimize these costs it is best to find and fix the problem_____________.
victus00 [196]

Answer:

The correct answer is letter "C": during the design phase.

Explanation:

In order to minimize costs during the production process of a good, it is better to identify potential issues during the design phase. It allows the organization to correct the problem and even improve the quality of the initially expected good. Besides, if the issues are corrected before the product is commercialized, it will avoid the company of being imposed lawsuits for not carrying out proper quality assurance inspections.

3 0
3 years ago
A bank initially has $190 million in assets and $150 million in liabilities. the banks net worth (capital) is _____________ mill
ElenaW [278]
Hi there

We know that the formula of the balance sheet is
Assets=liabilities+capital
So we want to find the amount of capital the formula is
Capital=assets-liabilities

The first answer is
Capital=190million−150million=40million...answer

The second answer
if the bank’s assets increase by 10% and its liabilities do not change
The amount of assets is
190+190×0.1=209million
And the amount of capital is
Capital=209−150=59million

capital increases by
59-40=19million. ..answer

Good luck!
8 0
3 years ago
A company set-up a petty cash fund with $800. The disbursements are as follows:
Radda [10]

Answer:

Petty Cash

Explanation:

The fundamental principle of accounting is credit the giver and debit the receiver. In this instance petty cash is giving out money to Office Supplies, Shipping, Postage and Delivery expense

7 0
3 years ago
Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from cus
Fiesta28 [93]

Answer:

Accrued net income is $161,900

Explanation:

The formula to compute accrued net income is shown below:

= Revenue - expenses

where,

Revenue = Cash collected from customers +  customers owed the company

              = $295,000 + $51,000

              = $346,000

And, the expenses equals to

= Cash paid for rent + Cash paid to employees for services rendered during the year +  Cash paid for utilities + gas and electric expenses at the end of a year

= $31,000 + $111,000 + $41,000 + $1,100

= $184,100

Now put these values to the above formula

So, the answer would be equal to

= $346,000 - $184,100

= $161,900

7 0
4 years ago
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