Answer:
1. Economics - The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity.
2. Opportunity cost - The next-best thing that must be forgone in order to produce one more unit of a given product.
3. Marginal analysis - Making choices based on comparing marginal benefits with marginal costs.
4. Utility - The pleasure, happiness, or satisfaction obtained from consuming a good or service.
GDP stands for gross domestic product. The GDP allows economist to measure the market value in terms of money. They are measuring the final good or service that is being offered to a customer over any given time.
Since the first bag of flour is being sold to a bakery to make bread from and sell for $4.00 the GDP of this item is $4.00 because that is the cost a customer is paying.
The second bag of flour is sold to a customer for $2.00 in a grocery store and is the final cost a they are paying.
In this scenario, the GDP for the two products being sold to a customer is $6.00.
Answer:
A large stock dividend is a distribution of more than 25% of previously outstanding shares.
The account Paid-in Capital in Excess of Par Value is always credited when a large stock dividend is declared.
Explanation:
A dividend is considering parsing or separating out profit sharing. A dividend has also, tax rate. For example, there is sometimes in the world situation where we get to see increasing of values of stock and in that time, shareholder can choose what he will do. He can sell the stock and if he does that, he will have to play a tax on capital gains.
So, if someone is sharing a dividend stock, he will be paid an amount of money that the company will earn in the meantime. Companies can device when and how will they pay their dividends.
Answer: $2,085
Explanation:
Average monthly sales by the three salesperson are;
$125,000
$144,000
$148,000
Therefore, average total monthly sales by the three salesperson equals;
$125,000+$144,000+$148,000 = $417,000
Average total sales per month = $417,000
Monthly commission percentage = 0.5%
Monthly commission = 0.5% × 417,000
(0.5 ×417000) ÷ 100
208500 ÷ 100 = $2085
Monthly commission = $2,085
I believe the answer is: He wanted to make sure he could always get fuel for his steel plant.
At that time, the Frick Coke company was the largest coal producer in the country and they control about 80% of the coal market share. At that time, coal is the most important fuel resources for steel industries, they are used to melt and shapes the steel products.
