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Vlad [161]
3 years ago
15

How does the overall economy and it’s various aspects impact your life and finances?

Business
1 answer:
irinina [24]3 years ago
4 0
Well the economy is basically what our money runs on. Why things are a certain price and things like that. That effects us as citizens Bc here maybe a gallon of milk is 3 dollars but maybe the same gallon of milk is less money in another country. The economy effects me Bc helps determine how much money I make and how much to spend on certain items.
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a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line​
kotegsom [21]

Answer:

3X + 5Y = 100

Explanation:

Given that a consumer has $ 100 to spend on two goods X and Y with prices $ 3 and $ 5 respectively, the equation that represents this distribution is the following:

3X + 5Y = 100

Thus, the consumer may consume different combinations of products, as long as the sum of both amounts is $100 as a final result. For instance:

3x20 + 5X8 = 100

60 + 40 = 100

3x5 + 5x17 = 100

15 + 85 = 100

5 0
2 years ago
You manage an equity fund with an expected risk premium of 10.2% and a standard deviation of 16%. The rate on Treasury bills is
Inga [223]

Answer:

idk

Explanation:

6 0
3 years ago
Indicate the accounting concepts, principles, or constraints that underlie each of the following independent situations: account
Sholpan [36]

Answer:

Accounting entity concept:

The basic idea behind this concept is that business and the owner are two different entities. Their transactions are to be recorded separately.

Going concern concept:

The concept is to have a view that the company is going to stay solvent in the future. That is we will have another accounting year in the future unless and otherwise we have evidence to the contrary.

Cost-benefit constraint:

It limits the amount of time to research the cost of an event if its benefits outweighs. In case of an immaterial event if its cost outweighs the benefits then that event can be forgone.

Expense recognition (matching principle):

The matching principle states that all the expenses are to be recorded based on the year they have been  incurred rather than on the time they are paid.

Materiality constraint:

It states that any event that changes or effects the decision making of the user of financial statement should be recorded and vice versa.

Revenue recognition principle:

It states that the revenue is to be recorded in the period in which it has been incurred instead when it is collected. Accrual basis gives a more clear picture of the performance of the company.

Full disclosure principle:

It requires to disclose any information to be mentioned in the foot notes of the financial statements of the company that might affect the user of financial statement. This helps in identifying the methods used for accounting practices and any event that might effect the organisations future existence.

Cost principle:

To record the transactions based on their historical costs rather than making adjustments for fluctuations in market place.

7 0
3 years ago
The tax treatment regarding the sale of existing assets that are sold for their book value results in​ ________. A. a capital ga
zepelin [54]

Answer:

C) no tax benefit or liability

Explanation:

when you sell an asset, you must determine the gain or loss on the transaction and that is calculated by ⇒ sales price - book value

If both sales price and book value are the same, no gain or loss will result. You are taxed only when you have a gain, or you get a tax benefit only if you have a loss, but when the net result is 0, nothing happens.

8 0
3 years ago
Which of the following accounts is not closed at the end of the year?
Leviafan [203]
Not 100% sure but i THINK it is A/P. I know for sure that it is not the income summary
6 0
3 years ago
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