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3 years ago

14

Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods a

nd services takes place in the _____.

2 answers:

nikdorinn [45]3 years ago

7 0

The purchase and suppy of goods and services takes place in the product market.

Oksana_A [137]3 years ago

5 0

Answer:

The purchase and suppy of goods and services takes place in the product market.

Explanation:

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How long will it take for the dollar's purchasing power to be 3/4ths of what it is now, if the general inflation rate is expecte

vaieri [72.5K]

Answer:

5.61 years

Explanation:

Let the Present value be 'x'

Data provided in the question:

Future value = $\frac{3}{4}x$

Inflation rate, i = 5% = 0.05

Now,

Using the compounding

let number of years be n

thus,

Future value = Present value × [ 1 - inflation rate ]ⁿ

$\frac{3}{4}x$ = x × (1 - 0.05)ⁿ

or

0.75 = 0.95ⁿ

on taking log on both the sides , we get

or

log(0.75) = n × log(0.95)

or

-0.125 = n × (-0.0223)

or

n = 5.61 years

or, n = 11.89 years

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2 years ago

At the beginning of a recent year, JetBlue's assets were $6,549 million and its equity was $1,546 million. During the year, asse

Simora [160]

Answer:

Thus, the JetBlue's equity at the end of the year is $1,654 million

Explanation:

In this case, the accounting equation is used.

Accounting equation means the equation which shows double accounting entry system. Double accounting means debit side and credit side. In this accounting equation, the total assets is equal to total liabilities + total equity.

Total Assets = Total Liabilities + Total Equity

$6549 = Total Liabilities + $1,546

Total Liabilities = $5,003 million

In the question the assets is increased by $44 million whereas liabilities is decreased by $64 million.

So,

Updated asset value = $6,549+$44

= $6,593 million

Updated liabilities value = $5,003 - $64

= $4,939 million

So, the ending equity value will be

= Ending assets - Ending liabilities

= $6,593 million - $4,939 million

= $1,654 million

Thus, the JetBlue's equity at the end of the year is $1,654 million

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3 years ago

Within a PPF framework, explain each of the following: (a) a disagreement between a person who favors more domes-tic welfare spe

arsen [322]

Answer:

A. Movement on the PPC

B. Rightwards / Outwards shift of PPC

C. Less Concavity of PPC

Explanation:

Production Possibility Curve is combination of two goods that an economy can produce, given resources & technology (efficient utilisation).

It is a downward sloping curve as more of one good can be produced by sacrifising other good, same resources & technology.
It is concave curve because of increasing marginal opportunity cost, i.e increasing amounts of a good to be sacrifised to gain additional amount of other good, as resources are not equally efficient in production of both goods.
Points on PPC reflect full utilisation, points under PPC reflect under utilisation, points above PPC are unattainable.

a) A disagreement between persons favouring more domestic welfare spending or national welfare spending : Is just an issue of reallocation of same resources, technology. So, PPC doesn't change & there can only be movement on the PPC (more of one good, less of other good)

b) An increase in population : leads to increase in human resource & hence the PPC shifts outwards / rightwards as the production potential of economy rise with more human resource.

c) Technological change that make resources less specialised : would reduce resources' efficiency gap in production of two goods. So, Marginal Opportunity cost reduces & hence the PPC becomes less concave.

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2 years ago

merchandise costing 1200 is sold for 2200 on term 2/30,n/60. If the customer pays within the discount period. Prepare the journa

spin [16.1K]

Answer:

The journal entries are as follows:

(a) Accounts receivables [$2,200 - 2%] A/c Dr. $2,156

To Sales revenue $2,156

(To record the sale)

(b) Cost of Goods Sold A/c Dr. $1,200

To inventory $1,200

(To record the cost of goods sold)

(c) Cash A/c Dr. $2,156

To Accounts receivables $2,156

(To record payment within discount term)

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Which standard specifies requirements for the selection, care, and maintenance of open-circuit scba and combination scba/sar use

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Roblox is the answer

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