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3 years ago

In 1 or 2 sentences, explain the link between economic wants and preferences.

2 answers:

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Economic wants are the products want if they had unlimited purchasing power while <span>economic preferences are compared to some goods which may not be necessary to purchase.</span>

andriy [413]3 years ago

4 0

<h3>Answer:</h3>

A connection within economic wants and preferences is regularly the essential necessities that are required for our everyday living. Preferences can be presented later determining the economic wants and primary requirements of the people included.

<h3>Explanation:</h3>

An economy is a field of the generation, dissemination, or business, and consumption of goods and assistance by different factors. Known in its wider sense, The economy is described as a social area that indicates the practices, discussions, and material representations connected beside the reproduction, use, and control of sources. Economic factors can be individuals, corporations, establishments, or governments.

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Determine which revision of each the following sentences provides the most clarity.

zhenek [66]

Answer:

Explanation:

6 0

3 years ago

Suppose that Scoobania, which has full employment, can obtain 1 unit of capital goods by sacrificing 2 units of consumer goods d

Leviafan [203]

Answer:

The correct answer is option c.

Explanation:

An economy named Scoobania is operating on full employment level. The production possibility curve of this economy is such that it can produce 1 unit of capital goods by sacrificing 2 units of consumer goods.

This means that the opportunity cost of one unit of capital goods is 2 units of consumer goods. However, through international trade this economy can obtain 1 unit of capital goods for 1 unit of consumer goods.

This implies that the economy will be able to consume more of both capital goods as well as consumer goods. This indicates that Scoobania will be able to consume at a point beyond its production possibility curve.

3 0

4 years ago

Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent,

LenKa [72]

Answer:

22.7 %

Explanation:

We can solve two of the problems using Capital Asset Pricing Model (CAPM) which is as follows:

Ra= Rf + (Rm-Rf)*B

Where,

Ra= Rate of return on stock

Rm= Rate of return on market

Rf= Risk Free rate

B= Beta coefficient of stock

Now we can move for your problem

Prob1) Ra= .15, Rf= .08, Rm= .13, B= ?

.15=.08+(.13-.08)B

Therefore, beta Coefficient = 1.4

Prob2: Ra= ?, Rf= .04, Rm= .15, B=1.7

= .04+(.15-.04)*1.7

Therefore, Ra=0.227 = 22.7 %

4 0

3 years ago

Presented below is information related to Shamrock Corp., which sells merchandise with terms 2/10, net 60. Shamrock Corp. record

Arada [10]

Answer:

Shamrock Corp.

Entry to write off the uncollectible balance of Warren Harding Co.:

Debit Allowance for Uncollectible accounts $13,500

Credit Accounts Receivable $13,500

To write off the uncollectible account.

Explanation:

a) Data and Calculations:

Credit terms = 2/10, net 60. This means that 2% discount is allowed to each customer for making payment within 10 days and the longest credit is 60 days.

Sales to Warren Harding Co = $15,000

Amount debited to Accounts Receivable = 14,700 ($15,000 * 98%)

Amount paid by Warren (10%) = $1,500

Amount to be written off as uncollectible = $13,500

Discount of $300 will be reversed with a debit to the Accounts Receivable and a credit to Discount Allowed (since the Shamrock Corp. records its sales and receivables net.)

Cash of $1,500 will be debited and Accounts Receivable credited to record the 10% of $15,000 cash receipt from Warren Harding Co. The remaining amount, which is $13,500 will be written off with a debit to Allowance for Uncollectible accounts and a credit to Accounts Receivable.

8 0

3 years ago

Which of the following are ways in which to calculate the benefit of selecting one alternative over another? An analysis that lo

Pepsi [2]

Answer:

Which of the following are ways in which to calculate the benefit of selecting one alternative over another?

-An analysis that just looks at the relevant costs/benefits and identifies those that are differential

-the difference between the net operating income for the two alternatives

-an analysis that looks at all costs and benefits and identifies those that are differential

Explanation:

The beginning of wisdom in using accounting for decision-making is a clear understanding that the relevant costs and revenues are those which as between the alternatives being considered are expected to be different in the future.

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3 years ago