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3 years ago

Which indicators do economists use to determine the state of the economy?

Business

1 answer:

Alchen [17]3 years ago

3 0

Answer:

The three most important economic indicators are gross domestic product (including GDP per capita, consumer spending, investment, etc.), employment indicators (total employment and unemployment rate) and inflation rate.

There are other economic indicators that are also frequently used like poverty level, life expectancy, foreign trade balance, central bank minutes, etc.

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Because cash transactions occur more frequently than other transactions, there is more chance for making recording errors affect

Fiesta28 [93]

Cash transactions are more likely to be recorded incorrectly than other types of transactions since they happen more frequently.

<h3>What do you name a transaction?</h3>

A transaction is what? An executed contract between such a seller and a buyer to trade goods, services, or capital instruments in exchange for money is known as a transaction. The phrase is also frequently used in business accounting. In corporate bookkeeping, this easy notion could be difficult to apply.

<h3>Do you mean by transaction "payment"?</h3>

A transaction is the outcome of a contract between such a seller and a buyer. In a trade, the seller exchanges cash for the provision of goods, services, or other financial assets. A company's lifeblood is its financial activities, which enable them to produce a consistent revenue stream and manage cash flow.

To know more about transactions visit:

brainly.com/question/24730931

#SPJ4

7 0

1 year ago

George is offered an investment opportunity by his friend Ray. He asks George for $6,900 and offers to repay him $12,990 after a

SVETLANKA909090 [29]

Answer:

Depositing in bank is a better option.

Explanation:

For this solution, we can either determine the interest rate given to George by his one of the friend or the future worth method,

Future worth method is used here,

Given that,

PV = $6,900

R = 9%

N = 10 Years

$FV = PV\times(1+R)^{N}$

$FV = 6,900\times(1+0.09)^{10}$

$FV = 6,900\times(1.09)^{10}$

FV = 6,900 × 2.3673

FV = $16,334.81

Since, the future worth of investing in bank is more than the money to be offered by the George's friend (16,334.81 > 12,900) and hence, depositing in bank is a better option.

8 0

3 years ago

Show your work and explain in a full sentence how 4 2-6 is equivalent to 3 8-6.

klemol [59]

Answer:

$4\frac{2}{6} = 3\frac{8}{6} = \frac{26}{6}$

Explanation:

Given

$4\frac{2}{6}$ and $3\frac{8}{6}$

Required

Show that they are equivalent

To do this, we simply convert both fractions to either decimal or improper fraction

Using improper fraction

$4\frac{2}{6} = \frac{6 * 4 + 2}{6}$

$4\frac{2}{6} = \frac{24 + 2}{6}$

$4\frac{2}{6} = \frac{26}{6}$

$3\frac{8}{6} = \frac{6 *3+8}{6}$

$3\frac{8}{6} = \frac{18+8}{6}$

$3\frac{8}{6} = \frac{26}{6}$

After converting both to improper fraction, we have:

$4\frac{2}{6} = 3\frac{8}{6} = \frac{26}{6}$

<em>Hence, both are equivalent</em>

3 0

3 years ago

You are reviewing the Client Overview tab for a new client to determine the scope of a bookkeeping clean-up engagement. You noti

Scrat [10]

Answer:

See explanation section

Explanation:

Three reasons could be causing the opening equity balance high, and those are -

1. Issuing more common stock is one of the significant reasons for the company that causes a large amount in the opening balance of the equity account.

2. Issuing excess preference stock to involve the investors can be the other reason to get a higher amount of beginning equity balance.

3. Making much profit for the prior years, and keeping them with the retained earnings without expanding the business can be the third reason.

7 0

3 years ago

How many free credit reports is a person allowed in one year?

CaHeK987 [17]

You can get 1 free credit report once every 12 months per your request if you are with a company that the Fair Credit Reporting Act (FCRA) required, such as Equifax, Experian, and TransUnion. however with other companies; i'm not 100% sure... but i believe it might be the same thing for all companies. (it's all ive got in notes ^^||)

hope this helps

7 0

3 years ago