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victus00 [196]
4 years ago
11

An economic system:

Business
1 answer:
seropon [69]4 years ago
5 0

Answer:

B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem.

Explanation:

Economic system -

It is the system that is responsible for the resource allocation , production and the distribution of the services and goods , is known as an Economic system .

Economic system includes - the institutions of decision-making , agencies .

It works to deal with the problem related to the economy of a country or society .

Hence , the correct option is ( b ) .

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An analyst who wants to compare two companies based on their income statement information should prepare a _____ income statemen
Verdich [7]

Answer:

Classified (Or Multi-Step) Income Statement

Explanation:

A Classified Income Statement states the income a company has made in a certain time frame, including revenue, expenses, and profits of an organization or company.

3 0
3 years ago
Each of the following is a type of homework except?
Tcecarenko [31]

Answer: concentration

Homework has this basic purposes: 1) practice 2) preparation 3) study, extend or elaborate, and integrate

Homework aims s to help students to strengthen what they learned in class and also to gather extra information beyond what is thought and integrate them into their everyday lives.

Concentration is not included to the type of homework.

6 0
3 years ago
The expense that a manufacturing firm Incurs in the form of wages to its labor falls under the category of Reset Next​
Korolek [52]

Answer:

Cost of Goods Sold( COGS)

Explanation:

Costs of goods sold ( COGS)or cost of sales is the expense incurred in manufacturing goods sold in a period. COGS is composed of the direct cost incurred in manufacturing goods sold by a business. The direct cost includes direct materials, labor, and direct overhead costs. Direct labor is the total of wages and salaries paid to workers involved directly in the production process.

Calculation of the cost of goods sold involves adding beginning inventory to purchases and subtracting the ending inventory.

5 0
3 years ago
Consider the market for a breakfast cereal. The​ cereal's price is initially ​$3.003.00 and 7070 thousand boxes are demanded per
Rufina [12.5K]

Answer:

Price elasticity of demand=0.48

Explanation:

The price elasticity of demand is defined as the change in demand for a particular good or service due to a change in price. The price elasticity of demand can be expressed using the mid-point formula below;

price elasticity of demand using the midpoint formula=[(Q2-Q1)/{(Q2+Q1)/2}]/(P2-P1)/{(P2+P1)/2}

where;

Q1=initial demand

Q2=final demand

P1=initial price

P2=final price

In our case;

Q1=7,070

Q2=6,565

P1=$3.003.00

P2=$3.503.30

replacing;

[(6565-7070)/{(6565+7070)/2}]/(3.503.50-3.003/{(3.503.50+3.003)/2}

(-505/6817.5)/(0.5005/3.25325)

0.074074/0.153846=-0.48141

Price elasticity of demand=0.48

5 0
4 years ago
Year Cash Flow 0 –$ 8,300 1 2,100 2 3,000 3 2,300 4 1,700 What is the payback period for the set of cash flows given above? (Do
Readme [11.4K]

Answer:

3.53 years

Explanation:

The computation of the payback period is shown below:

In year 0 = $8,300

In year 1 = $2,100

In year 2 = $3,000

In year 3 = $2,300

In year 4 = $1,700

If we sum the first 3 year cash inflows than it would be $7,400

Now we subtract the $7,400 from the $8,300 , so the amount is  $900 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $1,700

So, the payback period equal to

= 3 years + $900 ÷ $1,700

= 3.53 years

7 0
4 years ago
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