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4 years ago

Which are characteristics of microeconomics? (Select all that apply.)

1 answer:

5 0

Characteristics/Features of , microeconomics

Nature of Analysis - In microeconomics the behavior of individual consumers and producers in detail is analyzed. It is the study of the subject matter from particular to general.

Method - Microeconomics divides the economy into various small units is analyzed in detail. It is a slicing method.

Scope - Microeconomics analysis involves product pricing. factor pricing and theory of welfare.

Application - Both theoretically and practically , micro economics is useful in formulating various policies, resource allocation. Public finance, international trade....

Nature of Assumption - Assumption of Ceteris Parabus is always made in every microeconomics theory. it means theory is applicable only when other things being same.

Hope that helps!!!!

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On January 1, 2020, Beyonce Co. purchased 25,000 shares (a 10% interest) in Elton John Corp. for $1,400,000. At the time, the bo

Drupady [299]

Answer: $‭4,688,250‬

Explanation:

Carrying value on Jan 1, 2021:

= Interest + share of net income Dec 31,2020

= 1,400,000 + (10% * 700,000)

= $1,470,000

Carrying value, June 2021:

= Carrying value + share of net income

= 1,470,000 + (10% * 500,000)

= $1,520,000

Carrying value, July 2021:

= Carrying value + Net stake purchased

= 1,520,000 + 3,040,000

= $4.560,000

Carrying value, December 2021

= Carrying value + share of net income - share of dividends

= 4,560,000 + (30% * 815,000) - (1.55 * (25,000 + 50,000 shares))

= $‭4,688,250‬

8 0

3 years ago

Real per capita GDP in Singapore in 1960 was about $450, but it doubled to about $900.00 by 1977. a. What was the average annual

aleksandrvk [35]

Answer:

4.16%

Explanation:

to calculate Singapore's economic growth rate we can use the future value formula (we could also use the rule of 72 but it is not very exact):

future value = present value x (1 + r) ⁿ

future value = 900
present value = 450
n = 17
r = ?

900 = 450 (1 + r)¹⁷

(1 + r)¹⁷ = 900 / 450 = 2

1 + r = ¹⁷√2 = 1.0416

r = 1.0416 - 1 = 0.0416 or 4.16%

6 0

3 years ago

The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual num

LenKa [72]

Answer:

Actual Rate= $9.5 per hour

Explanation:

Giving the following information:

Actual number of hours= 6,300

Direct labor price variance= $3,150 unfavorable

Standard rate= $9 per direct labor hour

<u>To calculate the actual rate, we need to use the direct labor rate (price) variance formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

-3,150 = (9 - Actual Rate)*6,300

-3,150 = 56,700 - 6,300Actual Rate

-59,850 = -6,300Actual Rate

-59,850/-6,300 = Actual Rate

$9.5 = Actual Rate

4 0

3 years ago

(Economics)

bixtya [17]

Entrepeneur is a person who organizes, operates, and assumes the risk for a business venture so a cleaning supplies business is run by an entrepreneur. But a musician also operates a business and assumes risk. In my opinion both are entrepreneurs. But the person with the cleaning bisiness is for sure!

8 0

3 years ago

Read 2 more answers

Using the attached sheet (or a spreadsheet if you prefer), prepare a classified balance sheet for the ABC, LLC for the year ende

charle [14.2K]

Answer:

ABC, LLC

Classified balance sheet as at December 31, 2020

ASSETS

Non - Current Assets

Land 25,000

Total Non - Current Assets 25,000

Current Assets

Accounts Receivable 3,000

Cash 20,000

Total Current Assets 23,000

TOTAL ASSETS 48,000

EQUITY AND LIABILITIES

LIABILITIES

Non - Current Liabilities

Notes Payable (due in 5 years) 10,000

Total Non - Current Liabilities 10,000

Current Liabilities

Accounts Payable 4,000

Salaries Payable 5,000

Total Current Liabilities 9,000

TOTAL LIABILITIES 19000

EQUITY

Common Stock 1,000

Preferred Stock 8,000

Treasury Stock 6,000

Retained Earnings 7,000

Paid in Capital in Excess of Par - Common Stock 17,000

Paid in Capital in Excess of Par - Preferred Stock 2,000

TOTAL EQUITY 41,000

TOTAL EQUITY AND LIABILITIES 60,000

Explanation:

A classified balance sheet shows the Assets, Liability and Equity Balances in their respective categories as shown above.

8 0

3 years ago