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Vadim26 [7]
3 years ago
11

7.3. Explain how a society’s decision to produce capital (i.e., machinery) or consumer goods will impact future growth.

Business
1 answer:
zubka84 [21]3 years ago
4 0

Answer:

Production of capital goods will generate future growth

Explanation:

Consumer goods are goods produced for consumption and cannot be used as inputs for the production of other consumer goods while capital goods are  tangible assets such as plant and machinery which are used in the production of goods or services; and such goods and services still serve an input for the production of consumer goods.

Therefore, if a society decides to produce capital goods it will create economic growth because they are seen as economic capital. Countries usually pay attention to capital goods because they play a generating role in the improvement of the productive capacity of a country

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2 years ago
A house is closed on April 15. The property taxes are $960 for the year. They have not been paid. How much does the buyer receiv
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Answer:

Explanation:

divide the total taxes 960 by 365 (number of days in the year) to get per day tax which is 2.63$. Days from 1 January to April 15 are 105, these 105 days times 2.63$ =276.15.

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4 0
3 years ago
Your introduction should be no more than _____ percent of your speech time.
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Rushmore Company provided services for $45,000 cash during Year 1. Rushmore incurred $36,000 of operating expenses on account du
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Answer:

The amount of the net income shown on the income statement is $9,000

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The computation of the net income is shown below:

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Note: Options are shown in the attachment

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