Answer:
Expected profit = $18,000
Explanation:
<em>The expected profit is the weighted average of all the possible profits associated with the different possible outcome weighted according to the probability</em>
Outcome Profit Probability Prob × Profit
Strong 60,000 × 30% = 18,000
Growth 10,000 × 60% = 6,000
Recession (60,000) × 10% = (6000)
Expected profit = 18,000 + 6000 + (6000) = $18,000
Expected profit = $18,000
Answer:
The correct answer is a. national income; goods and services
Explanation:
This is a relationship that we use in macroeconomics.
The IS curve describes the combinations of two variables , they are interest rate and the level of income, when the market of goods and services is in equilibrium.
So, The IS curve plots the relationship between the interest rate and national income that arises in the market for goods and services
Answer:
The correct answer is: 65 years old.
Explanation:
The Earned Income Tax Credit (<em>EITC</em>) is provided to people with low income. The amount of that income and the number of people within their household will determine the amount of the tax credit. People with no children can also be eligible for the credit until they are 65 years old by the end of the tax period.
Answer:
$43,745
Explanation:
Calculation for what the Capital account reported on the Statement of Owner's Equity at the end of the month would be
Using this formula
Ending Capital Balance = Cash (1)+ Photography equipment (2) +Cash for services provided (4)+Services to customers on account (6)- Monthly rent(7)- Utility (9)
Let plug in the formula
Ending Capital Balance = $13,800 + $23,000 + $6,000 + $3,050 - $1,800 - $305
Ending Capital Balance= $43,745
Therefore the balance in the Capital account reported on the Statement of Owner's Equity at the end of the month would be: $43,745
Answer:
the globalization of production.
Explanation:
Since company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example of the globalization of production.
Globalization of production can be defined as the process of sourcing goods and services from other countries (locations) around the world in order to take advantage of labor cost savings and quality of other factors of production such as land and capital.
Additionally, globalization can be defined as a strategic process which involves the integration of various markets across the world to form a large global marketplace.
<em>Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world</em>.
