Answer:
$ 7000
Explanation:
Given data;
Weekly salary of the salesperson = $ 600
Commission earned = 1 % on the sales over $ 2000
The amount earned by the salesman in the week = $ 650
Thus, the commission received = $ 650 - $ 600 = $ 50
Now,
let the amount over $ 2000 for which the commission of $ 50 paid be 'x'
therefore,
1 % of x = $ 50
or
0.01x = $ 50
or
x = $ 5000
Hence, the total sales was of $ 2000 + $ 5000 = $ 7000
<span>The extent to which the income from individual transactions is affected by fluctuations in foreign exchange values is known as Transaction Exposure.</span><span />
When employers use diplomas and degrees to determine who is eligible for jobs, even though the diploma or degree may be relevant to the actual work, it becomes a Credential Society.
<h3>What is a diploma?</h3>
- A diploma is a record given by a school attesting that the holder has graduated after completing their academic programs.
- Historically, it has also been used to refer to a diplomatic charter or formal document.
- A testamur, which is Latin for "we testify" or "certify," may also be used to refer to the diploma this term is frequently used in Australia to refer to the document certifying the award of a degree.
- Alternatively, this document may be referred to as parchment, a degree certificate, or a certificate of graduation.
<h3>What are degrees?</h3>
- A qualification given to students upon successful completion of a course of study in higher education, typically at a college or university, is known as an academic degree.
- These institutions frequently provide a variety of degrees, typically including bachelor's, master's, and doctoral degrees, frequently in addition to other academic certificates and professional degrees.
- The bachelor's degree is the most popular undergraduate degree, while in some nations there are lower level higher education credentials that are also labeled degrees.
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Answer:2 : 1
Explanation:
current ratio = current asset/current liability
If current liability was $900,000 less $100,000= $800,000
Therefore the current ratio=
$1,700,000/$800,000 =
2 : 1
Answer:
a, The PPF intersect the Y-axis at 1000 units of luxury goods
The PPF intersect the X-axis at 500 units of necessity good
It means that when the society produces zero units of necessity, it can produce 1000 units of luxury goods and if they use all resources to produce necessity, they can produce 500 units only
b. The economy can produce at a point inside the curve IF (1) There is underutilized of the available resources. (2) There is inefficiency in the use of resources
c. I will want to produce more necessity than luxury. The decision on which point the society will want to be depend on the type of economic system being practiced by my society, if it is free market, the price system will determine it and for a socialist system, the government decides.
d. If I am a dictator, I will make decrees as to the economic direction I want for the society and where the product distribution is left to the free market, the price system decides.
Explanation:
The production possibility frontier is a graph that shows the trade-off between two commodities which a country can be assumed to produce. An economy can operate on the PPF in which case it is using its resources to the fullest. It can operate inside the curve which means under-utilization of resources or inefficiency in resources utilization. A country cannot operate outside the curve except there is technological progress or economic growth.
