Which of the following is an attribute of a fulfilling career?

David Ricardo, a nineteenth-century economist, wrote, "The price of corn is high not because a rentis paid, but a rent is paid b

pishuonlain [190]

Answer:

The correct answer is the option 3: if the price of corn rises because of increased demand for corn, land rents will rise to absorb most of the extra revenue received by tenant corn farmers.

Explanation:

To begin with, in David Ricardo's statment it is established that ''the rent is paid because the price of the corn is high'' therefore it is understandable that it is stated that the price of the corn is not a cause of the rent but it is the opposite, the price causes the rent due to the fact that the rent is not a cost that has to go within the price but the price goes first and then the rent happens. Therefore that if there it an increase in the population and that causes and increase in the demand of the corn, then the price will rise and consequently the rent will rise to in order to obtain the most of the extra revenue that it can.

6 0

3 years ago

Which of the following is TRUE of debt securities? (A) Debt securities include preferred stocks. (B) Debt securities typically p

Bingel [31]

Answer:

The statement which is correct and true is that the debt securities usually pay interest for the fixed period or year. Therefore, the correct option is B.

Explanation:

Debt securities are the securities which refer to a debt instrument like CD (Certificate of deposit, preferred stock, corporate bond and municipal bond, it is sold or bought among the parties.

It is also called as the securities which are fixed income, therefore, the statement which is correct is that these securities pay interest for a fixed period.

6 0

3 years ago

Which type of graphic organizer would best organize your notes on how to start a small business?

Dimas [21]

My best guess is a timeline!

4 0

3 years ago

According to the FTC, how does the ECOA empower individuals?

icang [17]

Credit cannot be denied based on unrelated factors.

5 0

3 years ago

Read 2 more answers

On July 23 of the current year, Dakota Mining Co. pays $7,147,920 for land estimated to contain 9,048,000 tons of recoverable or

Korolek [52]

Answer:

ore deposits 7,147,920 debit

cash 7,147,920 credit

--to record purchase of land with ore deposit--

machinery 1,900,080 debit

account payable 1,900,080 credit

Account payable 1,900,080 debit

Cash 1,900,080 credit

--to record machine installation and payment of it 2 days later--

depletion expense 368,535

depreciation expense 97,965

ore deposit 368,535‬

equipment accumulated depreciation 97.965‬

Explanation:

the first entries are quite self-explanatory

Now, to calculate the depreication and depletion:

The machine will be depreciate at the same phase as the ore deposit As the asset is relate to it and will have no value after the miniming project ends.

depreciation for the year:

466,500 / 9,048,000 x 7,147,920 = 368.535‬ ore deposit amortization

466,500 / 9,048,000 x 1,900,080 = 97.965‬ equipment depreciation

3 0

3 years ago