Of the 27.8 million businesses in this country at the end of 2008, the majority ____

An increase in the amount of household wealth in an economy would ________ the average standard of living and would ________ the

Bezzdna [24]

Answer: raise; have little effect on is the correct option

Explanation:Wealth is understood as ownership of economic capital. It is viewed as a

dimension of people’s economic (or material) well-being, alongside income and

consumption. There are other concepts of capital that are important to people’s well-being

and complement the concept of economic capital, such as human capital, social capital

and collectively-held assets. However, while they may have considerable economic value to

the people that possess (or have access to) them, they are not material assets and liabilities

over which people can exercise ownership rights.

Information on household wealth is important at both the macro and micro levels.

Wealth is one of the key components of the economic system. It is a source of finance for

future consumption, for reducing vulnerability to shocks and to other unexpected

developments, and for undertaking business and other economic activities. At both the

macro and micro levels, household wealth statistics play a vital role in informing responses

to a wide range of policy and research questions. However, the perspectives and insights

provided at each level are also quite different. The primary focus

at the macro level is on the household sector’s wealth, its relation with the other sectors of

the economy, and its role within the broader economic system; conversely, the primary

focus at the micro level is on the wealth of individual households and its distribution

across different types of households.

8 0

3 years ago

If a VA purchase contract is $340,000 and the funding fee is 1.75% what is the total loan amount?

eimsori [14]

Multiply 1.75%×340,000

4 0

2 years ago

Howorth Dental Products is a London-based producer of a patented anti-microbial dental floss. All raw material is introduced at

11Alexandr11 [23.1K]

Answer:

Choice A is the correct answer

Explanation:

Howorth Dental Products

Cost of Production Report

Equivalent Units Materials Conversion Costs

Finished Goods 383000 383000

Ending WIP 19000 6650 ( 19000* 35%)

Total Equivalent Units 402,000 389650

Costs Material D.LAbor FOH

Preceding Department 46,100 25,000 25000

Added 85,800 98,300 98,700

Total Costs 131,900 123,300 123,700

Material Costs Per Equivalent Unit = 131,900/ 402,000= 0.328

Direct LAbor Costs Per Equivalent Unit = 123,300/ 389,650=0.316

FOH Costs Per Equivalent Unit = 123,700/ 389,650=0.317

Total Cost per Equivalent unit = 0.328 + 0.316+0.317= 0.961≅ 0.962 (rounding would give a difference)

Costs Transferred to Finished Goods = 0.962* 383,000= $368,446

Costs OF Ending work in Process = 0.328 * 19,000 + 0.316* 6650 + 0.317 * 6650

Costs of Ending WIP= 6232 +2108.5+ 2101.4= 10,441.9

Total Cost Allocation= 368,446 + 10,441.9= 378,887.9

Equivalent units of direct material 402,000

Equivalent units of direct labor 389,650

Equivalent units of overhead 389,650

Costs per equivalent unit $0.962

Transferred to Finished Goods $368,446

Total Ending Work in Process $10,449

Total Cost Allocation $378,895

There's a minute difference in the WIP ending Inventory Costs ( 10449 - 10441.9 = 7.1)and Total Costs ($378,895-378,887.9= 7.1) which is only due to rounding off. If you round off you will get the exact figures as given in the option.

6 0

3 years ago

Emery Corporation Balance Sheet Income StatementAssets:Cash $250,000Sales (all credit) $8,000,000Accounts receivable 450,

san4es73 [151]

Answer: B. 48.48%

Explanation:

Debt ratio = Total Liabilities/ Total Assets

Total liabilities = Accounts payable + Notes payable + Long−term debt

= 100,000 + 450,000 + 1,050,000

= $1,600,000

Total Assets = $3,300,000

Debt ratio = 1,600,000/3,300,000

= 48.48%

4 0

3 years ago

Need help!

Romashka [77]

Answer:

1. Journal entries are quicker and more comfortable in the manual accounting

2. Posting is easier in computer software-based accounting

3. Trial balance adjustment in manual accounting is tricky. However, a lengthy process may pose a challenge for computerized accounting.

4. Financial statements are more straightforward in software-based accounting than manual accounting

Explanation:

The introduction of accounting software such as QuickBooks has transformed the working for accounting professionals. The conventional accounting system replacement has made the job more comfortable. However, there are new challenges added, such as learning the software, making error-free inputs, and pace of computer-related entries. However, considering that once these skills are learned, the overall job is easier than before.

1. Journal entries in manual are made quicker, and errors can be rectified. However, entries are linked automatically to their respective ledgers that solve the challenges with compound entries

2. Posting is simpler in software as the general ledger is created on a single click. Manual posting requires time and efforts

3. Adjusted entries need to manual input in conventional method to create the adjusted trial balance whereas, in software, its added through adjusting journal entries.

4. Financial statements are much more straightforward in software as they are available on one click, whereas in manual accounting, they are required to be calculated.

4 0

2 years ago

Of the 27.8 million businesses in this country at the end of 2008, the majority _____.