Answer:
1.21
Explanation:
Current Ratio = Current Asset / Current Liabilities
= (Cash + Shortminusterm Investments + Net accounts receivable + Inventory) / Current Liabilities
= ( 46500 + 34000 + 102000 + 129000) / 257000
= 1.21
Answer:
Option (b) is correct.
Explanation:
In a market condition of pure competition, there are large number of buyers and sellers of the product. The sellers in this market condition are behaving like a price taker.
If a single firm wants to increase the price of the product then as a result the demand for their product is reduced or become zero.
There are some characterstics of the firms under pure competition market condition:
(i) They are selling homogeneous products.
(ii) Price taker firms
(iii) Large no. of buyers and sellers
Answer:
1. Dave has 23 ($10 coins) and 18 ($20) coins.
2. Dave has 18 ($10 coins) and 16 ($20) coins.
Explanation:
1.
Let x be the number of $10 coins.
Then, the number of $20 coins will be 41-x.
The equation for the sum of money can be written as:
590 = 10x + 20 * (41-x)
590 = 10x + 820 - 20x
590 - 820 = -10x
-230 / -10 = x
x = 23
This means that Dave has 23 $10 coins and (41-23 = 18) 18 $20 coins that sum up to a face value of $590.
2.
Using the same priciple,
let x be the number of $10 coins
let 34-x be the number of $20 coins
Sum of money equation:
500 = 10x + 20 * (34-x)
500 = 10x + 680 - 20x
500 - 680 = -10x
-180 / -10 = x
x = 18
So, Dave has 18 $10 coins and (34-18 = 16) 16 $20 coins that add up to a face value of $500.
Answer:
True
Explanation:
This is the case because tax cuts and government spending are instruments that could be used in expansionary fiscal policy.
Note that reduced taxes usually have a direct impact on the disposable income of a economy not the composition of labor demand. Tax cuts leads directly to consumption and savings increase, resulting from increase in disposable income in the economy.