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3 years ago

Firms are institutions that organiseâ€‹ _____ of goods and services.

Business

1 answer:

Zinaida [17]3 years ago

3 0

Answer:

The correct word for the blank space is: the production.

Explanation:

A firm is a business or organization that produces goods or services on a for-profit basis. While the term is typically related to law firms, it applies to an array of entities. For example, a firm can be a corporation which is a legal entity that is separate from its owners and enjoys the right to entering contracts, loan, and borrow money or conduct other business.

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Before 1860, most of the U.S. population lived _____ and most workers _____ .

riadik2000 [5.3K]

Answer:

b. in rural areas; were self-employed.

Explanation:

Before 1860, most of the U.S. population lived Rural area and most workers were self-employed .

Before, 1860 or the pre civil war era most of the US rural only unlike today. The since, industrial revolutions in its fledgling stage. Most of the population was self employed.

6 0

3 years ago

In 2018, Rachel received a $1,900 refund of state income taxes that she paid in 2017. In 2017, Rachel claimed itemized deduction

Akimi4 [234]

Answer:

$1,100

Explanation:

The amount which Rachel must include in her 2018 gross income would be computed by applying an equation which is shown below:

= Itemized deductions - standard deductions

= $6,900 - $5,800

= $1,100

The $1,100 would be included in the $1,900 refund which is presented in her 2018 gross income.

The excess amount between itemized deductions and standard deductions would indicate the extra refund amount which is already included in its $1,900 refund amount

8 0

3 years ago

Equilibrium is defined as:

Mamont248 [21]

<span>The answer is d. quantity demanded equals quantity supplied</span>

5 0

3 years ago

Read 2 more answers

An export subsidy will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall d

Paladinen [302]

Answer:

increase; decrease; decrease; decrease.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

An export subsidy can be defined as any government policy that encourages the export of goods to other countries while discouraging the sales of goods in the domestic market through the use of tax reliefs, low cost loans, government foreign adverts, etc.

A surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Hence, an export subsidy will increase producer surplus, decrease consumer surplus, decrease government revenue, and decrease overall domestic national welfare.

5 0

2 years ago

Prepare a classified balance sheet. Assume that $13,600 of the note payable will be paid in 2023.The following items are taken f

Aliun [14]

Answer:

A) See attached file for Balance Sheet

B) Current ratio = 1.26

C) Debt to Asset ratio = 18%

The Current ratio tells us that the company has 1.26 dollars of current assets to cover 1 dollar of current debt. That is a good thing, but to know if it´s enough covers, further information is needed. Others ratios can help to complete the picture as for example, quick ratio, assets turn over, inventory turn over, receivables turn over, etc. The debt to assets ratio. Tells us that the company owes 18% of its assets. The rest belongs to the stockholders. Again, it´s a good thing, but further information can help us to know if the company can invest in new projects, financing it with debt in a profitable way, for example, if Return on Assets is higher than debt rate.

Explanation:

B) Current ratio = Current Assets / Current Liabilities

Current ratio = 52,140 / 41,400

Current ratio = 1.26

C)Debt to Asset ratio = (Total Liabilities / Total Assets)*100

Debt to Asset ratio = (121,400 / 691,400)*100

Debt to Asset ratio = 18%

The current ratio measures a company's ability to pay short-term obligations or those due within one year, by relating current assets with current liabilities (liquidity ratio). The debt to total assets ratio shows the percentage of a company's total assets that were financed by creditors (financial ratio).

3 0

3 years ago