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Rufina [12.5K]
3 years ago
13

When economists talk about the "standard of living," they are generally referring to:?

Business
1 answer:
zimovet [89]3 years ago
8 0
<span>The economists are usually referring to people that is the performance of baby boomers and older employees in general prior to their retirement years and also the level of overall well-being enjoyed by an economy. 0 the amount of savings and skill an economy has achieved. On the level of government involvement in the economy's production of goods and services. 0 the amount of money that an economy has formed to spend.</span>
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Businesses receive positive feedback about the effectiveness of their
Dafna11 [192]
It’s either the customer say something good about them and tells other people or the customer goes to their profile and rates them
3 0
2 years ago
The material wealth of society is determined by the economy's _________, which is a function of the economy's _________. a. inve
Yakvenalex [24]

Answer:

The material wealth of society is determined by the economy's productive capacity, which is a function of the economy's real assets.

Explanation:

Production capacity or <em>productive capacity</em> is the maximum level of activity that can be achieved with a given productive structure. The study of capacity is essential for business management in that it allows analyzing the degree of use made of each of the resources in the organization and thus have the opportunity to improve them.

<em>Real assets</em> are physical assets that have value due to their substance and properties. Real assets include precious metals, raw materials, real estate, agricultural land, machinery and oil. They are appropriate for inclusion in more diversified portfolios due to their relatively low correlation with financial assets such as stocks and bonds.

7 0
3 years ago
1. A useful characteristic of money is that money
Virty [35]

Answer:

O A. allows us to compare the values of goods and services.

Explanation:

Money has three primary functions which include a medium of exchange, unit of account,  and store of value.

As a unit of account, money is used to give value to other assets. In other words, money provides a medium through which assets and products are valued.  Money is divisible into smaller units which makes its application in valuation easy.

The value of goods and services is expressed in monetary terms.  Buyers and seller, therefore, can determine how much is needed to transact.

5 0
2 years ago
A $63,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with
Lapatulllka [165]

The initial outlay for the project after depreciation is loss of $26,700.

<h3>What is  depreciation?</h3>

Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.

Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.

Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.

To know more about  depreciation follow the link:

brainly.com/question/1203926

#SPJ4

8 0
2 years ago
g Oregon Corp. prepares its financial statements annually and has a calendar year end. The adjusted trial balance ( NO MORE ADJU
Semmy [17]

Answer:

$1,700,000

Explanation:

The computation of the NET accounts receivable (the cash realizable value) at December 31, 2019 is shown below:

= Account receivable - allowance for doubtful debts

= $2,000,000 - $300,000

= $1,700,000

By deducting the allowance for doubtful debts from the account receivable we can get the net account receivable or the cash realizable value

Therefore we ignored the bad debt expense

5 0
2 years ago
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