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3 years ago

Financial literacy refers to:

Business

1 answer:

fredd [130]3 years ago

5 0

Answer:

b) How well you understand and use personal finance information

Explanation:

Financial literacy involves understanding and using financial information. When applied, a person is in a position to understand their financial situation and possess the ability to make well informed decisions on matters relating to money. A financially literate person understands how much money comes in and how much goes out and for what purposes. All aspects of their financial wellbeing are intentional.

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The Food and Drug Administration (FDA) announced yesterday that they would approve a new cancer-fighting drug from Pharma Compan

Julli [10]

Answer:

the approval was already anticipated by the market

Explanation:

This abnormal return of 0% suggests that the approval was already anticipated by the market. Meaning that the price of the Pharma company's stock had already been affected by the speculation previously and when the FDA made the announcement investors had already made their move in the market with regards to Pharma's stock. Thus causing no further move and a return of 0% to occur.

5 0

3 years ago

Abner and Bette have been married for 20 years and always file a joint return, but never itemize their deductions. Abner and Bet

user100 [1]

<u>Solution and Explanation:</u>

Abner & Bette Gross Income = $80,000.00

Less: the Standard deduction (as per Federal tax $12700 for 2017) $ (12,700.00)

Less: the Personal Exemption($4050*2) $(8,100.00)

Ans (a) Abner's & Bette taxable income in 2017 $ 59,200.00

<u> The Personal Exemption Amount</u>

The personal exemption amount for 2017 is $4,050.

Standard Deduction Amounts

The 2017 standard deduction amounts will be as follows:

Single or married filing separately: $6,350

Married filing jointly: $12,700

Head of household: $9,350

5 0

2 years ago

An entity has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming year, the entity hopes

Yuki888 [10]

Answer:

29,143

Explanation:

Profit target = 25% on sales

Fixed cost = $51,000

Variable cost = $9.50 per unit

Sales price per unit = $15

To achieve profit target, let the number of units sold be y

Total sales = 15y

Total variable cost = 9.5y

Profit = 0.25 × 15y

= 3.75y

Sales - Cost = profit

15y - (51000 + 9.5y) = 3.75y

15y - 9.5y - 3.75y = 51000

1.75y = 51000

y = 51000/1.75

y = 29143

29,143 bears must be sold to meet the profit goal.

8 0

3 years ago

In response to a shortage caused by the imposition of a binding price ceiling on a market,

Margaret [11]

In response to a shortage caused by the imposition of a binding price ceiling on a market,

a. price will no longer be the mechanism that rations scarce resources.

b. long lines of buyers may develop.

c. sellers could ration the good or service according to their own personal biases.

A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.

When price of a good is set below the equilibrium price of the good, the producer surplus would decreases and the consumer surplus would increase. This would lead to an excess of demand over supply. As a result, a shortage would occur. As a result of the shortage, black markets would occur.

To learn more about a price ceiling, please check: brainly.com/question/24312330

6 0

2 years ago

Select the correct answer.

TEA [102]

I would say C is the answer bc that’s would i would do in that situation.

7 0

2 years ago