All categories

3 years ago

As prosperity and economic development rise, ________ increases as well.

1 answer:

4 0

As prosperity and economic development rise, individualism increases as well.

Individualism refers to the freedom of someones actions. If the economy is doing well and someone has more money, they are more likely to spend their money freely. The person has moral worth as an individual.

You might be interested in

Garrison Shops had a SUTA tax rate of 3.7%. The state's taxable limit was $8,000 of each employee's earnings. For the year, Garr

Ierofanga [76]

Answer:

Detailed solution is given below:

7 0

3 years ago

How does creating and maintaining competitive advantages in a platform business like Uber’s differ from a vertical chain busines

omeli [17]

Answer:

Explanation:

It differs from those adopted by taxi companies because platform business most times embrace a monopoly approach because they take over the market. Platform business have strong network effect and multihoming cost and they don't have a taste for service, therefore there is the consideration of strong Internet based network which connects drivers to customers which is a competitive advantage. There is the e-payment platform. The organization does not mange drivers or seek patronage since they do not bearing homing cost. Their only aim is to create a connection between drivers and their customers.

8 0

3 years ago

An investor pays $900 for a bond with a principal value of $1,000 and a coupon rate of 8%. How much in annual interest will the

solmaris [256]

Answer:

Annual Interest = $80

Interest rate = 8.89%

Explanation:

The investor pays discounted price for this bond.

We know, Annual Interest = Coupon payment/Market value

Given,

Coupon payment = Principal value*Coupon rate

Coupon payment = $1,000*8% = $80

Market value = Price pays for the bond = $900

Therefore, the annual interest rate = $80/$900

Annual Interest rate = 8.89%

Note that, coupon payment is the annual interest rate.

5 0

3 years ago

Aggie Fitness began business in College Station, TX on June 1, 2018. At that time, the company collected $6,000 in advance payme

REY [17]

Answer:

b. $2,500, $3,500

Explanation:

Amount collected in advance will be recognized as a liability until the revenue is earned. Entries are posted between the cash account and deferred revenue account on collection of cash.

Given that he company collected $6,000 in advance payments from customers for 12-month gym memberships on June 1, 2018.

Debit Cash account $6,000

Credit Unearned revenue $6,000

After 7 months ( between 1 June and 31 December 2018),

Revenue earned = 7/12 × $6,000 = $3,500

On December 31, 2018,

Debit Unearned revenue $3,500

Credit Membership Revenue $3,500

Balance in unearned revenue accounts = $6,000 - $3,500 = $2,500

Balance in Membership revenue = $3,500

3 0

3 years ago

Wilson has a 40 percent interest in the assets and income of the CC&W Partnership, and the basis in his partnership interest

laila [671]

Answer:

a. $24,000

b. $9,000

Explanation:

a. The amount of income or loss from the partnership is limited to the share of the loss rather than its partnership interest

In the given case, the partnership interest is $45,000 and the share of his loss is $24,000

So, $24,000 is reported in his individual income tax return

b. The computation of the Wilson's basis in his partnership interest is shown below:

= Basis in his partnership interest - share of the loss - cash distribution received from the partnership

= $45,000 - $24,000 - $12,000

= $9,000

3 0

3 years ago