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sesenic [268]
3 years ago
9

The study of the process by which people and countries make choices in the development and distribution of its resources, goods,

and services is called
Business
1 answer:
Artist 52 [7]3 years ago
5 0
ECONOMICS   
economics refers to the study of the process by which people and countries make choices in the development and distribution of its resources, goods, and services . 
 The process of a country deciding how to use the income from its resources on goods and services is an example of an economic system at work .
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Selected financial information for Thornton Company for 2019 follows: Sales $ 2,000,000 Cost of goods sold 1,400,000 Merchandise
frutty [35]

Answer:

7.80 times

Explanation:

First of all we have to calculate the average inventory

Opening inventory= 159,000

Closing inventory= 200,000

Average inventory= (opening inventory+closing inventory)/2

= ( 159,000+200,000)/2

= 359,000/2

= 179,500

The next step is to find the merchandise inventory turnover which is calculated as

= Cost of goods/ Average inventory

Cost of goods= $1,400,000

Average inventory= 179,500

= 1,400,000/179,500

= 7.799 times

= 7.80 times (to 2 decimal places)

Hence the merchandise inventory was turned over 7.80 times in 2019

7 0
3 years ago
Read 2 more answers
After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes
Sauron [17]

The correct answer is A) alignment.

After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes clear that the budget given in the plan is far lower than the marketing team had determined it would need. This mistake is likely a result of a lack of alignment.

This means that the marketing manager did not respect the parameters originally indicated. His numbers did not align with the necessities of the plan, which means that he did not take into consideration some important factors that at the end, affected the end result of the budget.

7 0
3 years ago
Most people would rather give up their tvs or the internet than their mobile phones.
12345 [234]

ANSWER – TRUE

 

Most people would rather do away with their TVs or the Internet than their mobile phones. <span>While for a fact, television remains the most used media, and the internet is fast catching up, surveys have shown that most people would still prefer to hold on to their mobile phones above these two.</span>

5 0
3 years ago
Question 1 with 1 blankA man pulling a garage bag out of a can in a kitchen. Ramón Question 2 with 1 blankA woman in a bedroom p
qaws [65]

Explanation:

The following is contextual translation of the <em>English</em> sentences to Spanish sentences:

Question 1:

Un hombre sacando una bolsa de garaje de una lata en una cocina.

Question 2:

Una mujer en un dormitorio poner una hoja en una cama.

Question 3:

Un hombre de pie en una sala de estar aspirando una alfombra.

Question 4:

Una mujer en un estudio desempolva un escritorio con un paño.

8 0
3 years ago
Suppose that the level of GDP increased by $100 billion in a private closed economy where the marginal propensity to consume is
____ [38]

Answer:

$50 billion

Explanation:

To find the change in aggregate expenditures, we need to find the change in consumption. For this, we will use the marginal propensity to consume formula:

MPC = ΔC/ΔY

Where:

MPC = Marginal propensity to consume

ΔC = Change in consumption

ΔY = Change in output (GDP)

We know that out MPC is 0.5, and our ΔY is $billion. We plug these amounts into the formula:

0.5 = ΔC / 100 billion

And we rearrange the equation to solve for ΔC

ΔC = $ 100 billion x 0.5

ΔC = $50 billion

So the change in consumption is $50 billion, which is also the change in aggregate expenditure.

3 0
3 years ago
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