Answer:
=$15
Explanation:
An economist will consider the cost of the photo as the materials costs plus the opportunity cost of labor for Jessica. For Jessica, the opportunity cost of making the photo frame is the amount she would have earned working at the coffee shop. Therefore, the $10 she would have earned at the coffee shop is the labor cost of producing one photo frame.
The total cost of making one photo frame would be $5 plus $10.
i,e. $5 + $10 = $15
Profit from the photo frame = selling price - cost price
=$30- $15
=$15
Answer:
The long and short-term consequences of not promoting equality or working to reduce poverty are:
1. the poverty gap widens, causing many more of the population to become poor while a few become richer.
2. extreme poverty becomes the norm, thereby hampering societal progress.
3. discrimination and social classes become oppressive.
Explanation:
Economic equality describes a situation that ensures that every individual in a society has an equal economic opportunity to make the most of their lives and talents by having some access to resources. Equality reduces discrimination among certain groups of the population, especially those with protected characteristics such as race, disability, sex, and sexual orientation. It ensures the fair distribution of natural resources among the population, according to their individual needs and capacity. It does not mean sameness in social or economic status.
Answer:
petty cash 390 debit
cash 390 credit
Explanation:
We are asked for the establishment of the fund
we only <u>need to create the petty cash account</u> for the amount.
And <u>decrease the cash account</u> for the same amount, because is no logner available for other use.
<u><em>When increasing </em></u>the found we do thesame entry for the additional cash
<u><em>If we need to remove</em></u> the petty cash we will reverse this entry for the full amount
<u><em>If we need to decrease</em></u> the petty cashwe will reverse this entry forthe amount deducted
Answer:
$12,892.67
Explanation:
Given:
Deposit amount (P) = $5,000
Interest Rate(I) = 7% (compounded annually) = 7/100 = 0.07
Number of years (n) = 10+4 = 14 years
Amount (A)=?
Calculation:
Amount = $12,892.67
So, we get $12,892.67 , 10 years from today.
Answer: d. Perfect Plungers Plus; the smaller standard deviation indicates that Perfect Plungers Plus has less variability in its closing prices than Masterful Pocket watches.
Explanation:
Standard deviation measures volatility with a high standard deviation pointing to more volatility than less. Stocks with a high volatility are by definition, not very stable.
Masterful Pocket watches has a higher standard deviation than Perfect Plungers Plus which means that Perfect Plungers is more stable than Masterful Pocket watches when it comes to closing prices. Perfect Plus would therefore be the best option for providing a stable long-term investment based on this metric.
