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alex41 [277]
3 years ago
7

The​ "underground economy" refers to A. the formal sector of the economy in developing countries. B. the sector of the economy t

hat earns profits that are higher than average. C. the buying and selling of goods that is concealed from the government. D. the production of goods and services used by the government for covert spy operations.
Business
1 answer:
Misha Larkins [42]3 years ago
6 0

Answer:

The correct answer is the letter B. “the sector of the economy that earns profits that are higher than average”

Explanation:

The underground economy refers to the informal economy, that is, productive activities that are not declared to the government and therefore are not under taxation. Thus, the profits earned from these activities are higher than average, since they do not pay taxes.

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17. Andy Store sold merchandise in the amount of $5,800 to a customer on October 1, with credit terms of 2/10, n/30. The cost of
kenny6666 [7]

Answer:

D) Credit to Merchandise Inventory for $4,000

Explanation:

Date  Account and Explanation Debit ($)  Credit ($)

         Account Receivable              5,800  

                 Sale                                          5,800

        (Recorded the sale on credit)

           Cost of goods sold            4,000

                  Merchandise Inventory                4,000

           (Recorded the cost of goods sold)

5 0
3 years ago
PLEASE HELP ME WITH THIS, THIS IS AN ACTUAL QUESTION FOR ONCE (well multiple)
kati45 [8]

Answer:

I'm not sure how to do this, but I'm assuming if you for the first question go up to ahbeesee and calculate the cost all the way across... you will find your answer.

Explanation:

Basically just use the chart!

HOPE THIS HELPS! :)

4 0
3 years ago
Gina is buying 1,000 shares in an IPO of ABC Corporation. She is buying them through a _____.
Scrat [10]
Primary market help this helps
5 0
4 years ago
Miller’s Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number
IrinaK [193]

Answer:

The correct answer is option b.

Explanation:

A dairy is producing 960 gallons of milk per day.

Each milker works 8 hours and produces the same amount of milk.

For per hour of labor the diary produces 12 gallons of milk.

Quantity of milk produced by a labor in 8 hours

= Production\ in\ one\ hour\times No.\ of\ hours

= 12\times 8

= 96 gallons

The number of workers required to produce 960 gallons per day

= \frac{Total\ daily\ Production}{Daily\ production\ by\ each\ labor}

= \frac{960}{96}

= 10 workers

6 0
3 years ago
If a market is in equilibrium is it necessarily true that all potential buyers and sellers are satisfied with the market​ price?
pav-90 [236]

Answer:

The correct answer is "no"

Explanation:

A market equilibrium occurs in those markets where consumer demand is equal to the amount offered by companies. But they don't necessarily have to be satisfied with the market price.

For example, if a product of basic need is in high demand, the price can be raised a lot which may not result in a fair price for the customer.

On the contrary, a low price on products puts potential competitors out of the market since many times due to production costs they cannot match these prices.

5 0
3 years ago
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