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ale4655 [162]
3 years ago
11

What is the name for the decrease in value of a fixed asset as it gets used and worn out over time?

Business
2 answers:
andre [41]3 years ago
8 0
Depreciation is the name
bonufazy [111]3 years ago
6 0

Answer:

Depreciation

Explanation:

This is the constant drop in the values of an asset over a given period of time.  With depreciation, the efficiency and effectiveness of such asset withers.

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Describe how the concept of competition to the economy
MaRussiya [10]

condition where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion and place.

7 0
3 years ago
Firm A produces desks. It is situated in the US but imports wood from Brazil. Last year it imported $8,000 in lumber and sold 10
Veronika [31]

Answer:

The correct answer is C: 48000

Explanation:

The Expenditure Approach is a method of measuring GDP by calculating all spending throughout the economy including consumer consumption, investing, government spending, and net exports. This method calculates what a country produces, assuming that the finished goods and services of a country equals the amount spent in the country for that period.

<u>The formula is: </u>

GDP=C+I+G+/-NX

GDP: Gross Domestic Product

(C) consumer spending – this is the amount that all consumers spend on goods and services for personal use.

(I) investment – this is the amount that businesses or owners spend to invest in new equipment or expansions.

(G) government spending – this includes spending on new infrastructure like bridges and roads.

(NX) net exports – this includes spending on a country’s exports minus its spending on imports.

AddedGDP= 56000-8000

AddedGDP= 48000

6 0
3 years ago
Joanne and ed greenwood built a new barn with an attached arena. to finance the loan, they paid $1,307 interest on $45,000 at 4.
nikitadnepr [17]

Answer: The loan was taken for 265 days.

We arrive at the answer as follows:

First we find the ratio of interest paid to the total loan amount to determine the interest rate:

Interest paid  = $1,307

Loan Amount = $45,000

\frac{Int paid}{Loan amount} = \frac{1307}{45000} = 0.029044444

Since the interest rate calculated above is less than the annual interest rate at 4%, we conclude that the loan taken was for a period of less than one year.

We can determine the period for which the loan was taken as follows:

Let 'x' be the time for which the loan was taken.

We need to solve for x in the proportion below

0.04 : 365 ::  0.029044444:x

Solving we get,

\frac{0.04}{365} = \frac{0.029044444}{x}

x = \frac{0.029044444 * 365}{0.04}

x = 265.0305556

8 0
4 years ago
The reason you want all property owners present at a listing appointment is that ________.
hjlf

The reason you want all property owners present at a listing appointment is that <u>tax information, and legal description</u>.

Property is any object that a person or an enterprise has a felony name over. property can be tangible objects, which include houses, cars, or home equipment, or it is able to seek advice from intangible items that bring the promise of future well-worth, together with stock and bond certificate.

Property ownership may be non-public, collective, or commonplace; with the prison dedication relating to who has the 'package deal of rights and obligations over the assets. Property is called being self-propagating, which means that the belongings owner is legally entitled to very own the financial benefits of that assets.

Learn more about the property here brainly.com/question/1538726

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3 0
2 years ago
the relationship between stockholders and management can best be described as a(n) blank relationship.
vova2212 [387]

The relationship between stockholders and management can best be described as a(n) <u>Agency </u>relationship.

<h3>What is an agency relationship?</h3>

An agency relationship is a type of business relationship where someone is hired to act in the best interest of the other. The person who is hired is the agent and the other person is the principal.

In a stockholder and management relationship, the stockholder is the principal who has hired management as an agent to safe guard their interests.

Find out more on Agency relationships at brainly.com/question/26253714

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4 0
2 years ago
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