All categories

3 years ago

True or false, The standard of living is high in traditional economies.

Business

1 answer:

Kobotan [32]3 years ago

5 0

False. The standard of living is low in traditional economies.

You might be interested in

Omar invested his savings in two investment funds. The $6000 that he invested in Fund A returned a 3% profit. The amount that he

photoshop1234 [79]

Answer:

Investment in fund b = $15,000

Explanation:

Let us assume funds invested in fund b = x while the sum total of funds invested in fund a & b = Y .ie Y = $6000 + x

Fund A returned $6000 * 3/100 = $180

Fund B returned = x & 10/100 = x/10

8%y(total returns) = funds a returns + fund b returns

8%y = $180 + (x/10)

let is replace y with 6000 + x

(6000 +x) * 8% = 180 + (x/10)

480+ 8x/100 = 180 + (x/10)

480 - 180 = (x/10) - (8x/100)

300 = (10x - 8x )/100

300 = 2x/100

300*100 = 2x

30,000 = 2x

x = 15, 000

6 0

3 years ago

Determining gross profit using the weighted average cost flow method assumes that the cost of the units sold a. is a weighted av

11Alexandr11 [23.1K]

Answer: the correct answer is d. Both of theses choices are correct.

Explanation:

Determining gross profit using the weighted average cost flow method assumes that the cost of the units sold is a weighted average of the purchase cost of all units and is costed the same as the ending inventory, that is using a weighted average of the purchase cost of all units.

5 0

3 years ago

F banks kept 100 percent of deposits on hand as reserves, the reserve requirement ratio:

Paraphin [41]

Answer:

Option (B) is correct.

Option (D) is correct.

Explanation:

If banks kept 100 percent of deposits on hand as reserves, then this will indicate that all the deposited amount would be saved as reserves. Therefore, the reserve requirement ratio is 100% here which means that:

Reserve ratio = 100%

= 100 ÷ 100

= 1

and the money multiplier = 1 ÷ reserve requirement ratio

= 1 ÷ 1

= 1

Banks would not be able create new money by giving loans because the reserve requirement ratio is 100%.

7 0

3 years ago

Which of the following is the best example of amortization?

weeeeeb [17]

Answer is 30 yr mortgage

3 0

3 years ago

GS Cookie Co. forecasts cash receipts for January and February of $18,000 and $20,000, with cash payments of $6,000 and $8,000,

Tanzania [10]

Answer:

It can pay 12,000 on January and the 3,00 left infebruary therefore; it will pay all his credit line within this two months.

Explanation:

January February

beginning cash $ 5,000 $ 5,000

receipts $18,000 $ 20,000

disbursement $(6,000) $ (8,000)

subtotal $17,000 $ 17,000

minimun $5,000 $ 5,000

<u>Financing </u>

beginning $15,000 $ 3,000

payment/loan $(12,000) $(3,000)

ending $ 3,000 $-

Ending Cash: $5,000 $14,000

5 0

3 years ago