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Tatiana [17]
3 years ago
11

Describe two ways that technology changed people's lives in the 1990s

Business
2 answers:
drek231 [11]3 years ago
6 0
Technology changed people's lives in the 1990s in the form of:

a. Communication - communicating technologies such as beepers, cellphones, and internet access paved the way for people to easily keep in touch and send their messages in an instant to people who are even in the farthest regions of the Earth. 

b. Production of goods - mass production of goods were at its speed because of the development of computer-based machines that can deliver precise measurements and detailed products that can reach a lot of people in the shortest time. 

Technology is a continuous improving branch in society which should always be geared at improving lives of people. 
weqwewe [10]3 years ago
6 0

Answer:

Helped with mass-production of products, helped with communication

Explanation:

1. The introduction of new technology made for more advancements in the workplace, easier transport of goods, and more communication over long distances. The technology also helped citizens complete their work easier with a faster rate of production.

2. communication devices also helped America prosper, as more and more forms of communication became available, it became easier and easier to communicate over long distances, and therefore helped the American people and economy prosper.

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The invisible hand of the marketplace acts to allocate resources Group of answer choices
Zinaida [17]

Answer:

The correct answer is letter "A": efficiently but does not necessarily ensure that resources are allocated fairly.

Explanation:

Scottish economist and philosopher Adam Smith (<em>1723-1790</em>) coined the term invisible hand to give meaning to the unseen force the moves the free market economy. According to the theory, the interest of society is achieved by freedom of consumption and production. It means that the market will find the equilibrium point without the need for government intervention, which could allocate goods or services efficiently but not necessarily fairly.

5 0
3 years ago
You just received a bonus at your job of $4,000 which you decide to put in a saving account at the local bank. Assume that banks
ioda

Answer:

(A) 22,222.22

(B) 57,142.86

Explanation:

we will divide the deposit by the reserve requirement to know how much will expand the money supply.

4,000/0.18 = 22,222.22

4,000/0.07 = 57,142.86

The reasoning behind this multiplier effect is the following:

you deposit 4,000

the bank leave 18% = 920

And lend the remaninder: 3,080

Then, when this are deposit, again takes the minimun reserve and lend the remainder:

3,080 x 18% = 554.4

3,080 - 554.4 = 2,525.6

This process is repeated giving diminished amount to money available to lend. Thus, finding a limit on the division between fund and reserve requirement.

4,000/0.18 = 22,222.22

6 0
3 years ago
What's the biggest concern people have about mergers?
bija089 [108]

Answer:

ummmmmmmmmmm.......D

6 0
3 years ago
During its first year of operations, a company has credit sales of $250,000 and cash sales of $100,000. By the end
Luba_88 [7]

Answer:

Debit : Bad Debts = $4,200

Credit : Allowance for doubtful debts = $4,200.

Explanation:

The question states that bad debts are expected to be 6% of the accounts receivables. Credit sales were $250,000 of which $180,000 was collected. Hence, accounts receivables is ($250,000 - $180,000) = $70,000.

This means that the allowance for doubtful debts is it is: $70,000 x 6% = $4,200.

An account for allowance for doubtful debts is a contra account created, predicting that certain debtors will not be able to pay for the goods and services they purchased. The 6% may be based on historical experiences. Doubtful debts aren’t officially uncollectible, it is simply an estimation made, but bad debts are, where you have officially written off a certain accounts receivable as uncollectible.

An allowance for doubtful debts is recorded in the balance sheet, directly under accounts receivables. Bad debts are recorded as an expense in the income statement.

The entry to record the above transaction is:

Debit : Bad Debts = $4,200

Credit : Allowance for doubtful debts = $4,200.

When the amount is officially declared uncollectible, the allowance for doubtful debts account will be debited and the accounts receivables account will be credited.

5 0
3 years ago
Who makes more money uber drivers or lyft drivers?
mel-nik [20]
Uber mostly because there are a lot more people using uber then lyft but both jobs are good for money.
6 0
3 years ago
Read 2 more answers
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