Answer:
The correct answer is A. What goods will be produced, how will they be produced, and who will receive the goods?
Explanation:
- Questions about what goods and services should be produced have always overwhelmed entrepreneurs. There are very few guarantees that a new product, once it has entered the market, has in the case of a country and from an economic point of view, this question should be asked about the resources available instead of asking about some specific product.
- Knowing what is produced is half the battle won, but knowing how it is produced is the most important thing. This idea encompasses much more than the infrastructure and resources available.
Again, in developed economies the problem lies mainly with companies, but in many cases, companies depend on the government to create these conditions.
- If nobody buys the product, it makes no sense that it is produced. In a modern economy, thanks to communications, companies do not start to produce something until they are sure that there is a market that will buy it, but sometimes a company's product does not achieve success exactly like that. Therefore, the definition and importance of the economy must be taken into account, so future evils will be avoided.
The Credit Card Accountability Responsibility and Disclosure Act of 2009 or Credit CARD Act of 2009 is a federal statute passed by the United States Congress and signed by President Barack Obama on May 22, 2009.
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Answer:
Paradise Travel Service
Balance Sheet as of May 31, 20Y6:
Assets:
Cash $52,000
Accounts receivable 38,000
Supplies 3,000
Land 450,000
Total assets $543,000
Liabilities and Equity:
Accounts payable 18,000
Common Stock 100,000
Retained Earnings 425,000
Total liabilities and
equity $543,000
Explanation:
a) Data and Calculations:
Paradise Travel Service
Income Statement for the year ended May 31, 20Y6:
Fees earned $900,000
Office expense 300,000
Miscellaneous expense 15,000
Wages expense 450,000
Total expenses 765,000
Net Income $135,000
Statement of Retained Earnings for the year ended May 31, 20Y6:
Retained Earnings, June 1, 20Y5 $300,000
Net Income 135,000
Dividends 10,000
Retained Earnings, May 31, 20Y6 $425,000
b) The balance sheet shows the balances of assets, liabilities and equity at the end of an accounting period. It derives its name from the accounting equation, which states that assets = liabilities + equity. This equation implies that the two sides always balance each other.
Answer:
The correct answer is D
Explanation:
Consumer cost is the cost which is described as the price of the product and also encompasses the cost of the purchase, post use cost and the use costs.
The cost or expense of the purchase comprise or involve the cost of information gathering, searching the product regarding or in relation to the product as well as the cost of obtaining or acquiring the information.
Therefore, they are considering the price and also the license fees, insurance, finance charges and maintenance. So, all of the factors states the consumer cost.
Answer:
Gross profit margin = 45%
Net income = $13,500
Net profit margin = 5%
Explanation:
Net sales = $270,000.
Gross profit = $121,500
Operating expenses = $108,000
Gross profit margin = (Gross profit ÷ net sales) × 100
Gross profit margin = $(121,500 ÷ 270,000) × 100
Gross profit margin = 0.45 × 100 = 45%
Net income for March :
Gross profit - Total expenses
$121,500 - $108,000 = $13,500
Net profit margin :
(Net profit ÷ net sales) × 100
(13500 ÷ 270,000) × 100
Net profit margin = 5%
