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wolverine [178]
3 years ago
6

Economic theory Group of answer choices

Business
1 answer:
Elis [28]3 years ago
3 0

Answer:

D

Explanation:

Economic theory provides economists with a common language and way of thinking about how the world works

Is a set of definitions, postulates, and principles assembled in manner that helps make cause-and-effect relationships clear in economics?

Is like a guidebook in that it points out what to look for

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During Year 1, Hardy Merchandising Company purchased $20,000 of inventory on account. Hardy sold inventory on account that cost
Veronika [31]

Answer and Explanation:

a. The events described should be shown in the attachment below;

b. The balance of account receivable at the end of year 1 is $2,500

c. The balance of account payable at the end of year 1 is $7,500

d. The amount of gross margin and net income is

Gross margin = $22,500 - $15,000 = $7,500

Net Income = $7,500 - $4,000 = $3,500

e. The amount of net cash flow from operating activities is $3500

5 0
2 years ago
Written records of a sample collection, transfer, storage, analysis and destruction are necessary for two reasons: to help ensur
krek1111 [17]
In every establishment that process daily transactions like banks, manufacturing companies and businesses, they always keep a record. It may be in paper. But mostly, records are now stored digitally. The purpose of keeping of records is done for inventory, for inspection, and for backup. 

For manufacturing companies, for example, the government monitors their quality of products through records such as inspection plans. This is proof that the company is indeed working within the boundaries of the law. Other purposes is by comparing financial data through the years which should be reported transparently to the shareholders and the customers.
3 0
2 years ago
Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Directavia, a nation with a pure co
kipiarov [429]

Answer:

The correct answers are letters "B" and "C": The economy experiences persistent shortages and surpluses; Many goods are available only through a black market.

Explanation:

A Command Economy is one where the <em>government controls the economy</em>, acting as the central planner, dictating production quotas and distribution levels, and setting prices.  A company weakness describes an <em>internal factor</em> of the organization that could represent a disadvantage for the growth of the firm.

<em>As the government regulates the supply and demand in command economies, it is likely to see shortages and surpluses in its market. This will cause those products to be traded illegally in what is known as the black market</em>.

7 0
3 years ago
1. You and your best friend are brilliant entrepreneurs who are considering opening your own business tutoring struggling colleg
Anuta_ua [19.1K]

Answer:

a. Accounting profit for the business = $3,500

b. Economic loss = $1,000

c. The two friends can open the business and incur economic loss of $1,000 in the first year of operation.  In subsequent years, the revenue may increase to generate better economic profit.  This is the labor, risk, and reward of entrepreneurship.

d. If the two friends do not go ahead with the business because of the economic loss they suffer in the first year of operation, then they cannot be regarded as entrepreneurs.  They are merely laborers who cannot assume any risk for greater rewards tomorrow.

Explanation:

Cost of business per month:

Operating expenses = $4,000

Lease of building =        2,000

Total expenses =        $6,000

Revenue =                 $10,000

Accounting profit       $4,000

Economic profit:

Revenue =               $10,000

Total expenses =     $6,000

Opportunity costs:

Lost salaries              4,500

Lost Interest                500

Total costs             $11,000

Economic loss =     $1,000

4 0
3 years ago
Nagel Equipment has a beta of 0.88 and an expected dividend growth rate of 4.00% per year. The T-bill rate is 4.00%, and the T-b
valkas [14]

Answer:

13.61 %

Explanation:

We have these information to answer the question

Risk free rate = 5.25

Beta = 0.88

Future return on market = 14.75

The formula for required rate of return

= Risk free rate + [ Beta * (future return on market - risk free rate)]

= 5.25 + [0.88(14.75-4.62)]

= 5.25 + (12.98-4.62)

= 5.25 + 8.36

= 13.61%

Therefore the firm's required rate of return = 13.61 %

Thank you!

7 0
2 years ago
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