Virtually all companies in America now make use of computers in their daily activities. American workforce now need computer technical skills before they can gain employment to work in companies.
Answer:
D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.
Explanation:
For developed countries like the U.S, there is a lot of stress in consumption of services such as good health care, appropriate and quality education and among others. These services contribute to a larger proportion of consumption component of GDP than both durable and nondurable commodities. Therefore, the statement “spending on services is smaller than the amount of consumption spending on durable and non-durable goods” is not correct
Answer:
Portugal and Austria
Comparative Advantage in the Production of Beer and Cheese:
1a. Portugal
b. Austria
2. a. 3 barrels and
b. 0.09 or 1/11 pounds
3. A. 4 barrels of beer per pound of cheese
Explanation:
a) Data and Calculations:
Portugal's opportunity cost of producing a pound of cheese = 3 barrels of beer
Austria's opportunity cost of producing a pound of cheese = 11 barrels of beer
Price of trade (cheese in terms of beer) = 11/3 = 3.667 = 4
b) Portugal's comparative advantage over the production of cheese is her economy's ability to produce cheese at a lower opportunity cost than Austria. This comparative advantage gives Portugal the ability to sell cheese at a lower price than Austria and realize a more favorable balance of trade.
Answer:
c. $900
Explanation:
The computation of the earnings before taxes (EBT) is shown below:
= Sales - operating costs other than depreciation - depreciation expense - outstanding bonds × interest rate
= $10,000 - $7,250 - $1,250 - $8,000 × 7.5%
= $10,000 - $7,250 - $1,250 - $600
= $900
We ignored the state income tax rate of 25% and the rest of the items would be taken for the computation part
Answer:
To calculate the amount of interest that Cecil was charged we can use the following formula:
interest charged = (APR / 365) x 30 days x adjusted balance
where:
Adjusted balance = previous balance – current payments = $340 - $150 = $190
interest charged = (19% / 365) x 30 x $190 = $2.97
