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3 years ago

What is the differende between wants and needs?

2 answers:

6 0

A “want” is something that isn’t essential to your survival, but it is something that you really would like to have. Examples of wants include a PS5, a new video game, AirPods, or money to watch a movie with your friends. While we would all love to have these things, we would still be able to survive without them.

A “need” is something that is essential to your survival, and you wouldn’t be able to survive with this. Examples of needs include oxygen, water, food, housing, and clothes. You need oxygen to be able to breathe, and you can’t survive long without food or water. Having clothes is also essential, and having a basic unit of housing provides safety to you.

Hope this helps :)

Ann [662]3 years ago

5 0

Explanation:

Want — have a desire to possess or do (something); wish for. Need — require (something) because it is essential or very important rather than just desirable.

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In the aggregate expenditures model, it is assumed that: a.gross investment (I), government purchases (G), and net exports (NX)

tiny-mole [99]

Answer:

The Correct Option is "B"

Explanation:

Total consumption model was created accordingly of traditional model. It shows the connection between the GDP and arranged spending. The condition of consumption model is as per the following:

Y = C + I + G + NX

Where, Y is the genuine GDP, C is Consumption, I Refers to net investment, G is government buys and NX is net ex[port.

The total use model accept that gross investment (I), government buys (G), and net export (NX) are independent to of genuine GDP (Y) as they don't depend on salary of the economy.

3 0

4 years ago

If the quantity of loanable funds demanded exceeds the quantity of loanable funds supplied,

Ann [662]

Answer:

C. There is a shortage so interest rates will rise.

5 0

4 years ago

P Company sold merchandise costing $240,000 to S Company (90% owned) for $300,000. At the end of the current year, one-third of

Ganezh [65]

Answer:

Inter-company profit eliminated = $12,000

Explanation:

Given:

Value of inventory = $300,000

Cost of inventory = $240,000

Computation of Profit recognized on sale profit

Profit recognized on sale = Value of inventory - Cost of inventory

Profit recognized on sale = $300,000 - $240,000

Profit recognized on sale = $60,000

Computation of Profit margin:

Profit margin = [60000/300000]×100 = 20%

Profit margin = 20% = 0.20

Computation of closing Inventory :

Closing Inventory = $300,000 (1/3)

Closing Inventory = $100,000

Profit during the year = $ 92,000

Value of inventory = $100,000 (1-0.20)= $80,000

Inter-company profit eliminated= $92,000 - $80,000 = $12,000

5 0

3 years ago

Financial statements all have a goal. The cash flow statement does as well.

ICE Princess25 [194]

Answer:

A cash flow statement is one of the most important statements along with the income statement and balance sheet in the financial statements.

A statement of cash flow lets the organization know how much precisely on cash that came in and went out of the organization in any given period.

a) To predict future cash flow: this is a function of the cash flow statement as it enables the organization predict from past figures through a cash projection statement which modifies and accounts for anticipated changes in price, volume, interest rates, and other factors and enables the firm know how much cash is likely to flow in and out of the entity in any given future period. This enables the firm know where it stands in terms of liquidity and also helps in budgeting and making long-term plans for the organization.

b) To evaluate management decision: The cash flow statement is a great indication of a firms liquidity which is a vital indicator a the firms ability to remain in business. The cash flow statement enables investors know the exact amount of cash the has come in and out of the organization and not the profit and loss (which can be influenced through profit smoothing). The cash flow statement portrays how well cash has been spent by the company and what the cash was spent on.

c) Predict the ability to make debt payments to lenders and pay dividends to stockholders: the cash flow statement helps the firm acknowledge how much in cash i.e. how liquid the firm is which is basically its ability to make debt payments as well as any other cash payment required such as payment of dividend. The cash flow statement also lets the firm know is it would require borrowing to make any such payment.

Explanation:

7 0

4 years ago

Indicate your potential market

fenix001 [56]

Your potential market includes the demographic groups that are not currently your customers but could become customers in the future.

5 0

3 years ago