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Tamiku [17]
3 years ago
11

The earliest two fundamental steps in learning the economic way of thinking are understanding:

Business
1 answer:
Hatshy [7]3 years ago
7 0
<h2>The two fundamental steps are how people make choices & how resources and scarcity affect the costs and benefits of choices.</h2>

Explanation:

Let us understand the term "Economics" first.

It deals with "production, distribution and consumption" of "goods and services".

The basic steps are

People make choices by

  • seeing the price of the market for any given product,
  • the benefits that they get out of it,
  • the postponement of buying a product based on the availability of the product
  • buying products based on future demands
  • understanding that the cost depends purely on the "scarcity" of the product
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On December 28, I. M. Greasy, Catering completed $600 of catering services. As of December 31, the customer had not been billed
Alex

Answer: Debit Accounts receivable for $600.

Explanation:

The customer had not been billed so that means that they still owe the company. This would make them an accounts receivable so the adjusting entry will have to debit the Accounts Receivable account for $600 to show that it is increasing.

This amount will be credited to the Accrued revenue account to show that the cash has not yet been received.

5 0
3 years ago
Andy has a remaining balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pa
anyanavicka [17]
Hey there,

Your question states: <span>Andy has a remaining balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?

</span>1.5% of 845 is 12.675

So by round this above, your correct answer would be <span>12.68

Hope this helps</span>
5 0
3 years ago
A state government reported a $9,000 increase in net position in the motor pool internal service fund, a $12,000 increase in net
Anastaziya [24]

Answer: $12,000

Explanation:

Only the $12,000 will be reported in Statement of Activities ( the financial statement used to report revenues and expenses for governmental and business-type activities) as a change in net position for business-type activities.

Why?

The Water Entreprise Fund is the only listed fund type listed that would fall under BUSINESS TYPE because it is an ENTREPRISE Fund. The Motor Pool Internal Service falls under GOVERNMENT ACTIVITIES and the Pension Find is only displayed in the Fund Financial Statements.

Because the Water Entreprise Fund is the only fund here concerned with BUSINESS TYPE activities, it's rise by $12,000 is what will be reported as the Net Change.

8 0
3 years ago
At the end of a particular operating​ period, suppose Brenda​ (the manager) sits down with Ethan​ (the employee) and they meet t
Angelina_Jolie [31]

Answer:

Evaluate performance

Explanation:

The mbo process is a time where an employee and manager work together and sets record for a particular period of time.

This step in the mbo process is evaluation of performance. Under this step, the manager reviews the work of the employee from the question, this is what Brenda is doing with Ethan. She is evaluating his performance.

8 0
3 years ago
Assume your gross pay per pay period is $2,000 and you are in the 33 percent tax bracket. calculate your net pay and spendable i
jasenka [17]

After-tax saving method

Gross Pay (Tax)=Net Pay

$2,000 $(660)= $1,340

Spendable Income $1,340 -$200= $1,140

]The term "spendable income" is used to describe the sum of money left over after tax payments have been made. When all bills and expenses have been covered, what's left over is a person or family's discretionary income, which can be used toward future goals like investing, saving, or spending. You can spend your discretionary funds because of the money you have available to you.

When calculating your disposable income, how do you account for taxation? It is your spendable income, from which you subtract necessary living expenses, that serves as the basis for your discretionary income.

Consider your take-home pay once taxes have been deducted as an illustration of your discretionary income. The term "discretionary income" refers to the amount of money left over after obligatory expenses have been met. These include but are not limited to rent or mortgage, student loan payments, utility bills, and groceries.

To know more about spendable income refer to:

brainly.com/question/19538806

#SPJ4

8 0
1 year ago
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