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3 years ago

Which basic economic question determines how a society will produce goods and services?

2 answers:

5 0

the three basic questions are:
1. who consumes the goods and services produced in society?
2. what goods and services should be produced?
3. how should goods and services be produced?

Galina-37 [17]3 years ago

4 0

I believe the answer is: What goods and services are produced?

Before we can determine how we should produce goods or service, we first need to determine the type of goods and services that are needed by the market. After knowing this, then we can see the resources availability in near us to determine the most efficient method to do the production.

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A comparative balance sheet for Culver Corporation is presented as follows.

laila [671]

Answer:

Increase in cash = $50,740

Explanation:

The statement of cash flows for 2020 can be prepared as follows:

Culver Corporation

Statement of Cash Flows

For December 31, 2020

Particulars $ $

Net income 127,440

Adjustment to reconcile net income:

Depreciation expenses (w.1) 26,740

(Increase) decrease in current assets:

Increase in accounts receivable (w.2) (15,740)

Decrease in inventory (w.3) 9,260

Increase (decrease) in current liabilities:

Decrease in accounts payable (w.4) (13,260)

Net cash from operating activities 134,440

Cash Flow from Investing Activities

Sales of land (w.5) 39,260

Purchase of equipment (w.6) (59,740)

Net cash from investing activities 20,480

Cash Flow from Financing Activities

Cash dividends paid (63,220)

Net cash from financing activities 63,220

Increase / (Decrease) in cash 50,740

Beginning cash balance 22,000

Ending cash balance  72,740

Workings:

w.1: Depreciation expenses = Accumulated Depreciation in 2020 - Accumulated Depreciation in 2019 = $70,220 - $43,480 = $26,740

w.2: Increase in accounts receivable = Accounts receivable in 2020 - Accounts receivable in 2021 = $83,220 - $67,480 = $15,740

w.3: Decrease in inventory = Inventory in 2020 - Inventory in 2019 = 181220 190480 = -$9,260

w.4: Decrease in accounts payable = Accounts payable in 2020 - Accounts payable in 2019 = ($35,220 - $48,480) = $13,260

w.5: Sales of land = Land in 2019 - Land in 2020 = ($111,480 - $72,220) = $39,260

w.6: Purchase of equipment = Equipment in 2020 - Equipment in 2019 = $261,220- $201,480 = $59,740

7 0

3 years ago

What role does weak financial regulation and supervision play in causing financial crises?

asambeis [7]

Weak regulation and supervision mean that financial institutions are at risk, especially if market behavior is weakened by the existence of a government safety net.

<h3>What are the causes and effects of a financial crisis?</h3>

The factors contributing to the financial crisis include systemic failure, unforeseen or uncontrollable human behavior, high-risk incentives, lack of control or failure, or infections that can spread the spread of virus-like problems from one institution or country to another.

Thus, this is the way weak financial regulation and supervision play in causing financial crises.

learn more about financial crises here:

brainly.com/question/16687040

#SPJ1

7 0

2 years ago

Renaldo Scanlon is a financial consultant. He earns $30 per hour and works 32.5 hours a week. What is his straight-time pay?

sattari [20]

Answer:

$975

Step-by-step explanation:

Straight-time pay = hourly rate × hours worked

= 30 × 32.5

= $975

Renaldo's straight-time pay = $975

4 0

4 years ago

A particular brand of shampoo costs 6 Canadian dollars in Toronto. The nominal exchange rate is about 1.2 and the real exchange

likoan [24]

Answer:

The correct answer is D that is $4.49

Explanation:

The US dollar price of the shampoo is computed as:

Price in US = (Price in Canada × Real exchange)/ Nominal exchange rate

where

Real exchange is 0.90

Price in Canada is 6

Nominal exchange rate is 1.2

Putting the values above:

Price in US = (6 × 0.90) / 1.2

= 5.4 / 1.2

= $4.49 or $4.5

4 0

4 years ago

As a Christmas thank you for being a good employee, Ed's TV Repair gave 62-year-old Edwina three shares of its stock worth $20 p

solong [7]

Answer:

d. $63

Explanation:

This "thank you" classifies as a performance bonus and, therefore, Edwina should include the whole market value plus dividends received from the three shares of Ed's TV Repair stock that she earned. The total amount for the shares' value plus dividends earned is:

$A = 3*(\$20+\$1)\\A=\$63$

Edwina should include $63 in her gross income.

5 0

4 years ago