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3 years ago

Economic principles are generalizations relating to ____ tendencies in economic behavior or to the economy itself_

Business

1 answer:

DedPeter [7]3 years ago

4 0

Answer: Average

Explanation:

Economic principles are generalizations relating to average tendencies in economic behavior or to the economy itself.

It is impossible to explain the individual choices people or companies make and yet it still needs to be done so that the economy can be studied and planned. For this reason economic principles use generalizations to study and explain the economy based on the behavior of the majority of people.

Essentially they are based on perceived rational tendencies of what is expected of people and firms. This is why some economic principles are supported by one group of economists and not by others. If the principles applied to all, it would not be the case.

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n a recent year's financial statements, home depot reported the following results. sales $ 95 billion net income 8 billion avera

faltersainse [42]

The home depot's return on assets is 19.05%

The home depot's return on assets is 8.05% better than the 11% return of lowe's

What is return on assets?

The return on on assets means the net income of Home Depot as percentage of the average total assets, in other words, the return on assets is the net income divided average total assets , not sales revenue, which is applicable to profit margin

return on assets=net income/average total assets

net income=8 billion

average total assets=42 billion

return on assets=8 billion/42 billion

return on assets=19.05%

difference in return on assets=19.05%-11

difference in return on assets=8.05%

The home depot's return on assets is 8.05% better than the 11% return of lowe's

Find out more about return on assets on:brainly.com/question/23554298

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3 0

1 year ago

Hunkins Corporation has provided the following data concerning last month's operations. Purchases of raw materials $ 33,000 Indi

nalin [4]

Answer:

Cost of goods manufactured $ 159,000

Explanation:

Direct materials:

Beginning raw materials inventory $ 14,000

Add: Purchases of raw materials 33,000

Total raw materials available 47,000

Less: Ending raw materials inventory 20,000

Raw materials used in production 27,000

Less: Indirect materials included in manufacturing overhead 4,000 23,000

Direct labor 58,000

Manufacturing overhead cost applied to work in process 91,000

Total manufacturing costs 172,000

Add: Beginning work in process inventory 57,000

Total 229,000

Less: Ending work in process inventory 70,000

Cost of goods manufactured $ 159,000

Therefore the direct materials cost for the month on the Schedule of Cost of Goods Manufactured is $159,000

8 0

3 years ago

10 POINTS PLEASE HELP ASAP

saul85 [17]

Answer:

I wanna say D

Explanation:

hope that helps

3 0

3 years ago

Question 9 of 10 Which of the following is a good example of responsible concern for consumer rights? O A. A construction compan

VARVARA [1.3K]

Answer:

D. A sales representative for a communications provider is trained to present the most expensive service packages to consumers first. If the consumer asks for cheaper options, however, the sales representative is to offer those

Explanation:

4 0

3 years ago

Use the following information to answer the question. There are three firms in an economy: X, Y, and Z. Firm X buys $200 worth o

Kamila [148]

Answer:

$2,775

Explanation:

The computation of the GDP of the economy is given below:

But before that the total value sold by three firms would be determined

Total amount of goods sold by X:

= X sells to Y + X sells to Z

= $150 + $75

= $225

Total amount of goods sold by Y:

= Y sells to X + Y sells to Z

= $200 + $50

= $250

Total amount of goods sold by Z:

= Z sells to X + Z sells to Y

= $300 + $250

= $550

Now

Amount of goods generated by X

= units of output × cost per unit

= 250 units × $4

= $1,000

Value of goods generated by Y

= units of output × cost per unit

= 300 units × $6

= $1,800

Value of goods generated by Z

= units of output × cost per unit

= 500 units × $2

= $1,000

Now GDP is

= [Goods generated by X - Valued added by X] + [Goods generated by Y - Value added by Y] + [Goods generated by Z - Value added by Z]

= [$1,000 - $225] + [$1,800 - $250] + [$1,000 - $550]

= $775 + $1,550 + $450

= $2,775

5 0

3 years ago

Economic principles are generalizations relating to __________ tendencies in economic behavior or to the economy itself_______

Economic principles are generalizations relating to ____ tendencies in economic behavior or to the economy itself_