Answer:
c. Coca-Cola produces Coca-Cola, Diet Coke, Sprite and Fanta.
Explanation:
Answer:
The answer is: C)Economists are usually not allowed to conduct experiments, and so they must rely on natural experiments offered by history. This is only partially true. Option B could also be considered a possibility but the term "True Science" is not properly used. In order to consider that answer the term would need to be changed to "Natural Science".
Explanation:
Economics is a social science like law and anthropology,. It is divided into 2 different fields: Macroeconomics and Microeconomics. They rely heavily on interpretation and qualitative research methodologies, but also use statistics and mathematical theories to test hypotheses and forecast trends. On the other hand, natural sciences like physics rely on the scientific method to test their hypotheses.
Macroeconomics deals with the economy of a whole country or region. Since their are too many variables involved in an economy, it is impossible to conduct a Macroeconomic experiment. Testable hypotheses don´t exist in Macroeconomics. No one can guarantee if and how plan A or plan B will make the American economy grow at a 3% yearly rate.
But the scientific method can be applied in Microeconomics (studies the actions of an individual unit). It is possible to conduct quantitative studies that produce verifiable and retested results.
Answer:
A comprehensive income statement was prepared for Concord Corporation for the year ended 2020. the income statement is given below in the explanation section.
Explanation:
Solution
Given that:
CONCORD CORPORATION
Statement of Comprehensive Income
For the year ended 2020
Sales = $1,232,000,
Cost og goods sold = $737,300
Gross profit = $494.700
Selling and administrative expenses =$338,200
Net Income =$156,500
Unrealized holding gain = $24,300
Comprehensive income =$189,800
CONCORD CORPORATION
Income Statement
For the year ended 2020
Sales = $1,232,000,
Cost of goods sold = $737,300
Gross profit = $494.700
Selling and administrative expenses =$338,200
Net Income =$156,500
CONCORD CORPORATION
Comprehensive Income Statement
For the year ended 2020
Net Income =$156,500
Unrealized holding gain = $24,300
Comprehensive income =$189,800
Quick ratio = 1.30 (Option C)
<u>Explanation:</u>
Quick ratio or acid test ratio is calculated as follows:
(Cash plus marketable securities plus accounts receivable ) divide by total current liabilities
In our question, we have been given with the data:
Cash = 45 million
Marketable securities = 33 million, accounts receivable = 66 million, total current laibailities = 111 million
So, let us now put the given values in the above stated formula:
Quick ratio = ( 45 plus 33 plus 66) divide by 111
After calculating we get, 1.30
Therefore, the quick ratio is 1.30
Answer:
$5,262.63
Explanation:
The computation of the program increase in total spending in economy is shown below:
But before that we need to find out the government spending multiplier is '
= 1 ÷ (1 - MPC)
= 1 ÷ (1 - 0.85)
= 6.67
Now
The increase in total spending is
= increase in spending × spending multiplier
= $789 billion × 6.67
= $5,262.63
Hence it would be increased by $5,262.63