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3 years ago

Why is it difficult to pay off debt and how can debt payments work against consumers?

1 answer:

8 0

Debt is hard because people like to put it off, and that putting it off has a cost called interest, eventually, something wil hit the consumer that will knock them oout and prevent them from making payments on time deepeenging them further into debt, then this repreats for along time

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1.) Lowering the discount rate can promote full employment because _______.

Shalnov [3]

1) Lowering the discount rate can promote full employment because companies are more likely to expand and hire more workers. The answer is the third statement. 2) The circumstance that usually accompanies a period of economic expansion is high inflation. The answer is the second phrase.

3 0

3 years ago

Krepps Corporation produces a single product. Last year, Krepps manufactured 20,000 units and sold 15,000 units. Production cost

slega [8]

Answer:

Under variable costing, the company's net operating income for the year would be $60,000 lower than under absorption costing.

Explanation:

The computation of the operating income under variable costing is shown below:

But before that following calculations need to be done

Fixed manufacturing overhead per unit is

= $240,000 ÷ 20,000 units

= $12 per unit

Ending Inventory units is

= 20,000 units - 15,000 units

= 5,000 units

Now Cost of ending Inventory deferred under absorption costing is

= 5,000 units × $12

= $60,000

So, the second option is correct

5 0

3 years ago

Which revolution most directly addressed the unequal distribution of economic opportunity and resoruces?

ioda

The answer is <span>Haitian Revolution.
The main cause of the </span><span>Haitian Revolution Is Slavery, similar with United States' civil war. (which is also related to the unequal distribution)

The main difference is that American civil war, the battle happen between predominantly Free people who oppose the slavery and the Free people who advocate it.
In Haitian revolution on the other hand, the battle happen between Predominantly slaves vs free people.</span>

4 0

3 years ago

A basic concept in economics is that all resources are?

shtirl [24]

All resources are limited, that is the basic concept in economics. Economics is the study of human efforts to satisfy unlimited wants with limited resources. There are three basic economic questions. What to produce? How to produce? For whom to produce?

7 0

3 years ago

Read 2 more answers

Boyd Corp. issued $1,500,000 of 9% nonconvertible bonds at 107, due in 10 years. Each $1,000 bond was issued with 45 detachable

FrozenT [24]

Answer:

Cash 1.605.000‬‬ debit

Discount on Bonds payable 279,480 debit

Bonds payable 1,500,000 credit

Warrant on stock 384,480‬ credit

Explanation:

cash proceeds:

1,500,000 x 107/100 =

bond par value $1,000

warrants 45 x $7= $315

Total $1,315

Issued at 107 which is 1,000 x 107/100 = 1,070

bonds issued: 1,500,000 / 1,000 = 1,500

bonds payable: 1,070 x 1,000/1,315 = 813,68 x 1,500

discount on bonds: 1,000- 813,68 = 186,32‬ x 1,500

stock warrants 1.070x315/1,315=256,31 x 1,500

4 0

3 years ago