Answer:
b. why, when, and how goods and services should goods be produced?
Explanation:
The three fundamental questions of economics are solving the basic problems faced by economic agents. What to produce? How to produce? Who to produce for?
These questions are pertinent because resources are scarce, but human needs are unlimited. Therefore, one has to choose the best combination of resources to make a production that meets human needs. The timing of production will depend on the perception of needs (demand), so that as man evolves, new demands emerge to improve people's quality of life.
Answer:
The correct answer is $900,000
Explanation:
Arena Corp. should record the asset and the lease obligation at the lower of the fair value of the asset at the inception of the lease.
In this case, The fair value is $900,000 and its precise amount to record. Keep in mind that Executory costs aren´t included in the lease obligation.
This is called a vertical merger. Vertical merger is a
merger where two companies merge and operate having the same goal of providing
a common product and services. This is also where the companies expand example
of this is the ebay and paypal which merge to have a common service.
Answer:
A decrease in individual income taxes increase disposable income, which increases comsumption spending
Explanation:
In a classic economic model, people want to consume all of their income, but if consumers have other obligations (such as taxes), they paid them (obligations) first and the remain income is called disposable income. If these obligations decrease then the remaining income will increase (disposable income increases) and because people always want to consume, this increase in disposable income will traduce in an increase in consumption.
Answer:
$152,600
Explanation:
Given that,
September sales = $170,000
October sales = $140,000
Monthly sales are 60% credit and 40% cash.
Of the credit sales, 30% are collected in the month of sale, and 70% are collected in the following month.
Cash collections for the month of October:
= 40% of October sales + 30% of the credit sales in October + 70% of the credit sales in September
= (0.4 × $140,000) + (0.3 × 0.6 × $140,000) + (0.7 × 0.6 × $170,000)
= $56,000 + $25,200 + $71,400
= $152,600