Answer:
1. Likely to occur during economic growth and increase the trade deficit - imports increase
Economic growth increases the living standard of people because it raises the average income. People often use this income to buy goods from abroad in case demand is not met by domestic firms.
2. Likely to occur during economic growth and decrease the trade deficit - d. private savings increase
Private savings increase during economic growth because people enjoy a higher disposable income. A share of this private savings are invested abroad, where foreigners use this capital to import goods from the original country, decreasing the trade deficit.
3. Not likely to occur during economic growth - c. private savings decrease
Private savings usually increase during times of economic growth for the reasons explained above.
Set up an equation
[$250 + $401.50 + (Sept expenses)] /3 =$400
solve for x
[651.50 + x] /3= 400
[651.50 + x] /3*3= 400*3
651.50 + x = 1200
-651.50 -651.50
————————————
x = 548.50
So your answer is D.
Answer:
e. $ 350,000
Explanation:
Given: Total number of units= 10000.
Selling price= $60 per unit.
The material cost= $10 per fan
Labor cost= $15 per unit.
Promotion and marketing cost= $100000.
Facility expense= $80000.
Other overhead cost= $20,000.
Now, finding the variable cost of fan.
Variable cost= 
Variable cost= 
⇒ Variable cost= 
∴ Variable cost= $250000.
Selling price= 
∴ Selling price of fan is $600000.
Unit contribution= 
Next find the unit contribution of each fan.
⇒ Unit contribution= 
∴ Unit contribution of each fan is $350000.
Answer:
If Mike was a real estate broker that wants to work independently, he can, but real estate agents cannot work independently, they must work for a real estate broker.
Since Mike works along with other sales associates and broker associates in a company, the company must be registered. All real estate companies must be registered in every single state that they do business in.
