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3 years ago

What a major economic decision that each society has to think about and decide upon

1 answer:

8 0

Society must choose what to produce based on its needs. Because we live in a world of relatively scarce resources, we have to make wise economic decisions.

I hope this helps a lil

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1. What's the main reason our culture has normalized credit cards over the past 60 years? What can we do to change the normaliza

Alexandra [31]

Our culture has become accustomed to debt mainly because the capitalist system in which we find ourselves favors the management of loans for the acquisition of goods and services.

These, due to their cost, are difficult or impossible to access through cash payments without any type of installment or ease of payment.

Therefore, credit cards are ways of acquiring debt to finance certain consumption, which is why they have become a financial tool that is totally socially accepted.

Learn more in brainly.com/question/12299831

8 0

2 years ago

Lena invested her savings in two investment funds. The $6000 that she invested in Fund A returned a 6% profit. The amount that s

Nostrana [21]

Answer:

The amount that Lena will invest in fund B would be $4000.

Explanation:

Given information -

Amount invested in fund A - $6000

Return earned on fund A - 6%

Let us assume amount invested in fund B be x

Return earned on fund B - 1%

Return on both funds together - 4%

Let us assume the total amount of fund invested be ($6000 + x)

Now using simple equation , we will take out the value of x which is the amount invested in fund B -

$6000 X 6% + x X 1% = 4% ( $6000 + x )

= $360 + .01 x = $240 + .04 x

= $360 - $240 = .04 x - .01 x

$120 = .03 x

x = $120 / .03

= $4000.

4 0

3 years ago

Suppose a family-owned yogurt shop has $80,000 in total revenues, $36,000 in rent, and $20,000 in additional operating costs. Th

zzz [600]

Answer:

A. Less than $24,000.

6 0

3 years ago

The majority of problems Best Buy was facing have been brought about by _________________force.

babunello [35]

Answer:

External forces

Explanation:

Best buy is an electronics retailer that aspires to improve customer's lives through technology. They have over 175+ store locations.

However they have been facing challenges in the market with other playera like Circuit City, CompUSA and RadioShack not surviving.

The challenges faced by Best Buy is mostly as a result of external forces in the form of competition with Walmart and Amazon. Resulting in the loss of their share value.

Walmart and Amazon have been able to capture a large part of the electronics market.

Other problems like leadership scandals and inefficient processes also contributed to their problems.

4 0

3 years ago

3. Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is sold for $22,000 cash; (b)

Fofino [41]

Answer and Explanation:

The Journal entries are shown below:-

1. Cash Dr, $22,000

Accumulated depreciation-machine Dr, $148,800

($201,600 - $23,040 ÷ 6 × 5)

Loss on Sale of Machine Dr, $30,800

To Machine $201,600 ($192,000 + $8,000 + $1,600)

(To record Sale of the machine)

2. Cash Dr, $88,000

Accumulated depreciation-machine $148,800

($201,600 - $23,040 ÷ 6 × 5)

To Gain on Sale of Machine $35,200

To Machine $201,600

(Being Sale of the machine is recorded)

3. Cash Dr, $32,500

Accumulated depreciation-machine Dr, $148,800

Loss on disposal of Machine $20,300

To Machine $201,600

(Being Sale of the machine is recorded)

7 0

3 years ago