In a large open economy, the source of the demand for loanable funds comes from domestic investment and net capital outflow.
<h3>What is an Open economy</h3>
An open economy refers to a type of economy where not only domestic factors but also entities in other countries participate in trade of goods and services.
Trade in an open economy can be in the form of managerial exchange, technology transfers, and all kinds of goods and services.
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Based on the information the amount of penalty that Victoria will have to pay is $850.
<h3>Penalty amount:</h3>
Using this formula
Penalty amount=(Tax return×Tax rate)×2
Where:
Tax return=$8,500
Tax rate=5%
Let plug in the formula
Penalty amount=( $8,500 x 5%) x 2
Penalty amount=$425×2
Penalty amount=$850
Inconclusion the amount of penalty that Victoria will have to pay is $850.
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Answer: Trade Deficit
since import > exports
Answer:
Any product that is standardized product has potential for learning curves. Scientific management talks a lot about developing efficiencies. Fredrick Taylor who was the founder of scientific management says that their is always one best way to do things. All we have to do is find that way and implement it. Furthermore the learning curves comes with continuously doing a single job over and over again. The person assigned such jobs will develop learning curves. Suppose you only teach a single topic which is opportunity cost then you will develop in depth knowledge of the topic and you can answer any question plus you are able now to deliver the concept in very less time. So repetition brings learning curves. Learning curves are more prominent if a single repetitive task is broken down into multiple small tasks and each labor is assigned one of these tasks which results in learning curve.
The best way to exploit learning curve is breaking down single repetitive task into multiple tasks and assigning them to each labour.
This is how we can create learning curves in our organization.
Answer:
C) $16,000.
Explanation:
cash paid for insurance premiums = total insurance expense + ending balance of prepaid insurance - beginning balance of prepaid insurance
cash paid for insurance premiums = $15,200 + $3,000 - $2,200 = $16,000
Generally when you purchase an insurance policy you can either pay every month or pay for several months in advance and get a discount. When you pay for several months in advance, you must debit prepaid insurance. Then as time passes, you must accrue insurance expense. For e.g. you pay $2,400 today for a 1 year insurance premium, and at the end of the month you will accrue $200 of insurance expense. But your cash payment was made today.
