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Misha Larkins [42]
4 years ago
6

Which of these facts about a region are most helpful in understanding the region's economy? (Select four answers.) Which of thes

e facts about a region are most helpful in understanding the region's economy? (Select four answers.) The average age of the population is 35. The area has a major shipping port. The area's schools are named after politicians. There is a major city 50 miles away from the region. The area has warm weather and ocean beaches. One of the state's senators is from this region. The area's public libraries are named after native tribes from the region.
Business
1 answer:
Ilia_Sergeevich [38]4 years ago
5 0

Answer:

The area has a major shipping port.

Explanation:

The statement above gives important economic information about the area. The fact that it has a major shipping port means that the economy of region likely revolves around the port, or that port is a significant part of the economy even if it is not the most important activity.

The shipping port likely makes the region an important trade center, because ports are essentially use to import and export goods, in other words, to trade goods.

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Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the
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Answer:

$1200

Explanation:

Gross Domestic Product (GDP) is the total market value of all of the final goods and services produced in a country over a particular period of time.

The contribution to GDP can be determined by adding the value created by each of the economic agents involved in the creation of the final goods and services

Arthur = 100 = 100

Bob = 300 - 100 = 200

Camille = 700 -300 = 400

Donita = 1200 - 700 = 500

Total Value 100 +200 +400 +500 = $1200.

You will observe that it is the same as the value of the final good i.e dress. In the production process, other goods involved are referred as intermediate goods

8 0
4 years ago
Regional Investment Corporation (RIC) hires Sam, a real estate agent, to locate investment properties for RIC. Sam learns of a w
prisoha [69]

Answer:

A) breached the agent's fiduciary duties to the principal.

Explanation:

To be more specific, Sam broke the agent's the duty of loyalty towards the principal. An agent must act in the best interest of the principal, not on his own best interest. The agent is getting paid for performing a task on behalf of the principal, and by taking advantage of his position, the agent has clearly breached his contract with the principal. Therefore, the principal can sue the agent and recover for damages (tort suit).

7 0
3 years ago
Stew Beauf is a self-employed surfboard-maker in 2019. His Schedule C net income is $144,400 for the year. He also has a part-ti
just olya [345]

Answer:

Calculate the self-employment tax for 2019 as follows:

Schedule C net income = $144,400

Less: Self-employment adjustment ($144,400 x 7.65%) = $11,046.6

Taxable self-employment earnings = $133,353.40

Self-employment tax rate = 15.30%

Total self-employment tax = $20,403.10

Therefore: the total self-employment tax is $20,403.10

5 0
4 years ago
Cost flow relationships The following information is available for the first year of operations of Creston Inc., a manufacturer
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Answer:

a. Cost of goods sold = Sales - Gross profit

Cost of goods sold = $12,755,000 - $5,359,700

Cost of goods sold = $7,395,300

b. Direct Material Cost = Materials purchased - Indirect materials - Materials inventory

Direct Material Cost = $4,251,600 - $185,500 - $298,900

Direct Material Cost = $3,767,200

c. Direct labor cost = Total manufacturing costs for the period - Direct materials cost - Other factory overhead - Indirect labor

Direct labor cost = $8,122,000 - $3,767,200 - $834,900 - $422,600

Direct labor cost = $3,097,300

4 0
3 years ago
Unearned revenues are generally revenues that have been earned and received in cash revenues that have been earned but not yet c
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Unearned revenues are general revenues that  Liabilities created when a customer pays in advance for products or services before the revenue<span> is earned

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In accounting, we could consider this obligation as a liability which will be recorded in credit when it increased.
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