When you make consumer decision based on opportunity cost you are engaging in

In New Guinea, tribes that had been isolated for centuries were found that _______________.

amid [387]

Answer:

a. had a large number of sophisticated language systems

Explanation:

The indigenous tribes of the New guinea are Melanesian and Austronesian people and speak Papuans and they are the rarest of the newly evolves tribal population.

As they have migrated and have a larger sense of the linguistics diversity as the lands were separated from other landmasses till date there are more than 312 tribes on the western side of the inland.

3 0

4 years ago

The future value and present value equations also help in finding the interest rate and the number of years that correspond to p

vichka [17]

Answer:

i=4%

Explanation:

this problem is possible to solve applying the principle of future value, keep in mind the next formula:

$FV=PV*(1+i)^{n}$

where FV is future value, PV is the present value, i is the periodic interest rate and n is the number of periods. So applying to this particular problem we have:

$16,843.93=12,800*(1+i)^{7}$

the difference here is that we must solve n so we can do:

$(\frac{16,843.93}{12,800})^{1/7}-1=i$

so i=4%

4 0

3 years ago

economists are able to tie seemingly unrelated topics together by asking 4 questions: what are the wants and constraints? what a

Neporo4naja [7]

Which four questions are used by economics to break down issues: Why aren't more people doing it? What are the compromises? What are the desires and limitations of the parties involved? How will other people react?

<h3>What are the main questions of economics?</h3>

The first of these three issues are addressed by economists: What products and services should be created to satisfy customer demand? (2) Who should generate them and how should they be produced? 3) Who should receive goods and services? The economic system of a nation determines the answers to these queries.

<h3>Which definition of economics is more accurate?</h3>

Economics is the study of how individuals divide up finite resources between individual and group uses for production, distribution, and consumption. Economics has two subfields: macroeconomics and microeconomics. Efficiency in exchange and production is the main focus of economics.

Learn more about economics: brainly.com/question/14355320

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4 0

2 years ago

Buchanan Company recently was sued by a competitor for patent infringement. Attorneys have determined that it is probable that B

Jet001 [13]

Answer: Debit: Litigation expense $300,000

Credit: Litigation liability $300,000

Explanation:

Loss contingency is typically a charge to expense for a future occurence in this case, a lawsuit. A loss contingency simply makes the economic entity to be aware at an early stage of the loss and its likely financial implication.

The entries that Buchanan should record to recognize this loss contingency will be to:

Debit: Litigation expense $300,000

Credit: Litigation liability $300,000

5 0

3 years ago

E10.13 (LO 1, 3) (Entries for Acquisition of Assets) Presented below is information related to Zonker Company. 1. On July 6, Zon

Sedaia [141]

Answer:

See below

Explanation:

1. Journal entry

Land Dr $350,000

Building Dr $1,050,000

Machinery and equipment Dr $700,000

........................ To Common stock Cr $1,250,000

(12,500 × $100)

.......................To Paid in capital in excess of par Cr $850,000

($2,100,000 - $1,250,000)

Workings

Cost of plant is $168 × 12,500 = $2,100,000

2. Journal entry

Building Dr $266,000

($105,000 + $161,000)

Machinery and equipment Dr $135,000

Land improvements Dr $122,000

Land Dr $18,000

..............................................To Cash a/c Cr $541,000

3. Journal entry

Machinery and equipment Dr $255,500

..........................................To cash a/c Cr $255,500

Working

($10,500 + $245,000 which is 98% of $250,000)

5 0

3 years ago