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labwork [276]
3 years ago
8

What is a significant weakness of a tradition based economy?: 1) daughters are expected to do different work than their mothers

2) it has great difficulty dealing with change 3) it is overused in today's world 4) sons can't learn skills from fathers
Business
1 answer:
stiv31 [10]3 years ago
7 0
In tradition based economy, it has its components, strong points and weakness. Their weakness could affect the people in different ways and in the following above is one of them. The correct answer would be number 2, it has great difficulty dealing with change, it is because this type of economy is accustomed with their traditions that when change kicks in, they would have problems because they are new and used to it. 
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The present value factor for an ordinary annuity at 10% for 6 periods is 4.3553. The lease does not transfer the property to Whi
gogolik [260]

Complete question:

On January 1. Year 1. White Co. sold a property with a remaining useful life of 20 years to Blue Co. for $900.000. At the same time. White entered into a contract with Blue for the right to use the property (leaseback) for a period of 6 years. with annual rental payments of 580.000 that approximate the market rental payments for similar properties. On January 1. Year 1. the carrying amount of the property was 5680.000. and its fair value was 5770.000. A discount rate for the lease of 10% is used by both White and Blue. The present value factor for an ordinary annuity at 10% for 6 periods is 4.3553. The lease does not transfer the property to White at the end of the lease term and does not include a purchase option.  

What amount of lease expense for the right of use of the property is recognised by White in Year 1 ?

A. $0

B. $130,000

C. $90,000

D. $220,000

Answer:

$90,000 amount of lease expense for the right of use of the property is recognised by White in Year 1

Explanation:

If the leaseback is known as an operating lease, the original transition to the buyer-lessor of the asset should be taken into account as the selling of an asset, given that all the income identification requirements have been fulfilled.

If the deal is of equal value, the lender lease is informed of the gain or loss of sale between the purchase price and the sum of the land that is held. Yet this is not a equal value trade. The property's sale price is higher than its market value. Accordingly, the income or loss on sale seems to be the difference between the equal worth and the value of the land.

Therefore, on 1 January, White records a benefit of $90,000 in revenue of $770,000 (fair value of $680,000 in carrying amounts)

4 0
3 years ago
Two important trends in the labor force participation rates of adults aged 20 and over in the United States since 1948 are the​
ankoles [38]

Answer: D) rising;falling

Explanation:

Two important trends in the labor force participation rates of adults aged 20 and over in the United States since 1948 are the​ rising labor force participation rate of adult women and the​ falling labor force participation rate of adult men.

3 0
3 years ago
You never give your employees gifts, but one of your employees always gives you gifts for holidays, birthdays, and boss' day. is
Colt1911 [192]
Technically speaking, it won't be wrong for you to accept the gifts.

You never giving any of your employees gifts show that you gave no 'special favor' to specific employees. It's a matter of ethical belief and your personal action
But you can't control other people's ethical belief, just like you can't control other people action's
8 0
3 years ago
Read 2 more answers
How do you benefit from holding a job?
neonofarm [45]
If you hold a job for a long time, if or when you choose to leave that job your employer will put in a good word for your next job it will also look good for you that you are able to hold a job for a lnog period time so your next employer wont be scared that you would get up in leave after a month
3 0
3 years ago
Economic models often: vary greatly in assumptions and simplifications. are correct. provide similar answers. fail to explain an
polet [3.4K]

Answer:

Economic models often vary greatly in assumptions and simplifications.

Explanation:

Most models in Classical Economics are based on a lot of generalizations and simplifications, that intend to model the behavior of the situations of the real world but often fail to encompass all the intricacies and complications that even most straightforward situations present. These simplifications help the Economists figure out the mathematical laws that are governing the real world economic systems. Therefore making the economic modeling a simpler process.

Classic economics implies three basic assumptions:

1- People behave rationally in any situation.

2- Firms and individual want to maximize profit and utility

3- People act independently based on available information.

7 0
3 years ago
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