Answer:
$11,400
Explanation:
Income Statement
For the year ended December 31, 2019
Particulars Amount
<u>Revenues</u>
Service revenue $37,900
<u>Expense</u>
Salaries & wages expense $16,000
Insurance expense $2,900
Rent expense $3,400
Supplies expense $2,500
Depreciation expense <u>$1,700</u>
Total expenses <u>$26,500</u>
Net income (loss) <u>$11,400</u>
Legitimate powers are directly based on structural position, charisma, and interpersonal trust.
<h3>Definition of Power and Authority</h3>
While Power is the use of coercion or force to exercise right or control authority is the willingness of people to obey an individual.
In this context, legitimate power can be seen as an authority.
Learn more about authority and power here:
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the answer would be letter b
Answer: If you want to purchase any kind of goods and services like furniture, appliances, electronic gadgets, and other such items but you do not have enough money or cash or credit to purchase it, then the rent to own becomes your lender of last resort.
They are the business where they collect weekly or monthly payments of the product and until the cost of the item is not covered and then the items come in the buyer’s possession after the payment is made in full.
Answer:
The correct answer is <em>International Trade</em>.
Explanation:
Specialization in economics is not limited to individuals and firms, the soul of microeconomics. It also has applications in macroeconomics, which studies the economic actions of nations, regions and entire economies. In a macroeconomic context, specialization means that nations concentrate on the production of goods in which they have the greatest advantage while making trade contracts with other countries to obtain other goods.
David Ricardo, another classic economist of the 18th century and the beginning of the 19th century, discussed the specialization based on comparative advantages that help determine if it is of greater benefit to manufacture a product in the country or import it. It assumes, for example, that the United States produces clothes and computers cheaper than India. While the United States apparently would have an absolute advantage, it would not have a comparative advantage, which measures the ability to produce in terms of opportunity cost. Because production resources are limited, opportunity costs to produce computers mean that less clothing is manufactured. Compared to what has been sacrificed, the country should specialize in producing goods over which it has a comparative advantage while importing the other product