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4 years ago

Economic questions always deal with:

Business

1 answer:

Orlov [11]4 years ago

5 0

Answer:

D. choice in the face of limited resources.

Explanation:

Economic question always deal with the choice in the face of limited resources, since resources are limited and humans needs are unlimited. Resources are always limited, and economics deals with the choice to administrate the resources the best way possible.

When a person decides to assign a resource to a specific use, he is discarding its use for another purpose. This is known as the opportunity cost.

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As a new employee in the Lottery Commission, your first job is to design a new prize. Your idea is to create two grand prize cho

mrs_skeptik [129]

Answer:

a. $265,336

Explanation:

we are told to calculate which amount will make both payments equal:

payment 1 = $1,000,000 in 5 years
payment 2 = $500,000 now + ? in 5 years

in order to be able to compare them, we must determine the value of the $500,000 paid now in 5 years:

future value = present value x (1 + interest rate)ⁿ

future value = $500,000 x (1 + 0.08)⁵ = $734,664

$1,000,000 = $734,664 + ?

? = $1,000,000 - $734,664 = $265,336

8 0

3 years ago

When the Fed sells securities, the total funds of commercial banks ____ by the market value of the securities sold by the Fed. T

Colt1911 [192]

Answer:

The correct answer is decrease; tightening.

Explanation:

If the FED reduces the money supply, it can cause interest rates to rise and credit conditions to tighten. If there is no change in the demand for money, the effect of reducing the money supply is said to lead to higher interest rates. For its part, another effect is to decrease the volume of loans made.

5 0

3 years ago

Meng Company maintains a $375 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date rep

nikklg [1K]

The journal entry to replenish the fund on January 31 is $46.

<h3>What is a replenishment?</h3>

In a journal entry, this refers to refilling up a depleted cash box in a petty cash system.

The replenishment = $375- $190 - $95 - $35 - $9

The replenishment = $46

Therefore, the journal entry to replenish the fund on January 31 is $46.

Read more about replenishment

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6 0

2 years ago

The idea that managers tend to communicate more with other managers who share similar beliefs and experiences is indicative of w

Ghella [55]

Answer:

Horizontal Communication Line

Explanation:

Horizontal communication flows as the name implies is form of communication from managers who are on the same level in the organization. This type of trend of communication allows managers to interact with other managers without involving subordinates at the other different levels in the organization.

8 0

4 years ago

Chess top uses the periodic inventory system. for the current month, the beginning inventory consisted of 360 units that cost $6

pantera1 [17]

Given: Beginning inventory 360 units @ $65 each
Purchase:
1. 540 units @ $68 each
2. 270 units @ $70 each
Sales: 900 units
To calculate: cost of goods sold as per LIFO method (Last In First Out).
LIFO = stock coming in last will go out first.
Solution:- Cost of goods sold is calculated as follows:
270 units @ $70 each = 270*70 = $18900
540 units @ $68 each = 540*68 = $36720
900 - (270+540) = 90 units
remaining 90 units will be sold from inventory at the beginning
90 units @ $65 each = 90*65 = $5850
So, total cost of goods sold = $ (18900+36720+5850) = $61470.

8 0

4 years ago