Your question is too broad. It took me two 48-hour courses to learn the basics of how the economy operates.
While it is interesting and I do not wish to discourage your curiosity, please make the question more specific.
For now, all I can say is that the primary function of an economy is integrating the 4 factors of production - Land, Labor, Enterprise and Capital - to produce goods profitably. This is made possible through the interactions between the consumers (also the labor), private firms, financial sector and the government sector. I would suggest watching a video on the circular flow on income on YouTube for more information on these interactions.
Furthermore, economics is concerned with solving the basic economic problem, which is the existence of unlimited wants in relation to the limited resources available on our planet. This leads us making choices (which wants to satisfy through production and consumption) and making sacrifices (which wants to give up as there only a limited amount of resources available). Economics in general deals with attempting to get the most out of the resources available. It deals with anticipating consumer behavior, trends and using this analyzed information to make decisions.
The last thing you should know is that economics is most broadly categorized into two field - Macroeconomics and Microeconomics.
Microeconomics deals with the interaction between individuals, i.e., individuals firms/industries, consumers. This deals with such things as factors affecting the demand of goods, the concept of elasticity, factor affecting supply of goods, the marginal utility theory and so forth.
Macroeconomics deals with the economy as a whole - this includes concepts such as national income (GDP), aggregate demand and supply, the multiplier effect, the factors affecting consumption, investment,government expenditure and net exports, the exchange rate systems and Balance of Payments.
P.S. In the above answer, I have only briefly mentioned the basics. If you would like further understanding of the basics then please YouTube/Google each economics term listed above.
Answer:
Using familiar words, occasional contractions, and pronouns such as you and I.
Explanation:
This is the best strategy in order to create a conversational but professional tone in letters, e-mail messages, instant messages and memos. This strategy suggests the use of familiar words. This will give a personal, relaxed tone to your texts. Moreover, it suggests the use of occasional contractions. Contractions are useful when it comes to making a text less formal and more intimate. Finally, using pronouns such as "you" and "I" gives a tone of closeness, while remaining professional.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The current operating income for Bay Area Cycles Co. is $52,000. The selling price per unit is $100, the contribution margin ratio is 20%, and fixed expense is $208,000.
Break-even point= fixed costs/ contribution margin
Break-even point= Break-even point (dollars)/ selling price
Break-even point= 1,040,000/100= 10,400 units
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 208,000/ 0.20= $1,040,000
Current sales level= 52,000 + 208,000= $260,000
Margin of safety in untis= 2,600 - 10,400= - 7,800 units
Margin of safety ratio= -7,800/2,600= -300%
The total revenue is not equal to $3,625.
Given that,
- The price of the economics e-text is equivalent to $45.
- The quantity sold is 125
So, the following formula to be used for determining the total revenue:
= Price × quantity sold
= $45 × 125
= $5,625
Therefore we can conclude that the total revenue is not equal to $3,625.
Learn more about the price here: brainly.com/question/19091385
Answer:
The amount of dividend paid by Heaton: $
Retained profit as at 31/12/2019 555,000
Add: Net income for the year <u>172,500</u>
727,500
Less: Retained earnings as at 31/12/2020 <u>425,000</u>
Dividend paid in 2020 <u>302,500</u>
The amount of dividend paid in 2020 is $302,500, which is close to $382,442.
The correct answer is A
Explanation:
The dividend paid in 2020 equals the retained earnings at the end of 2019 plus the net income for the year minus the retained earnings at the end of 2020.
