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AnnZ [28]
2 years ago
14

The impact of Inequality on businesses​

Business
1 answer:
ivanzaharov [21]2 years ago
3 0

Answer: Plainly put, extreme income inequality, such as the kind found in Sub-Saharan Africa and South Asia, cause economic inefficiency. The relatively wealthy tend to save a much higher proportion of their income than the poor. In order to grow economically, a society must have robust rates of consumption. However, if most of the wealth of a country is owned by a very small percentage of its population, that wealth is saved, not spent. These savings are then invested by individuals and financial institutions.

Explanation:

You might be interested in
Which PESTEL factors are the most salient for the electric vehicle segment of the car industry? Which PESTEL factors are the mos
pantera1 [17]

Answer:

PESTEL factors that are most salient for the electric vehicle segment of the car industry are economical, technological, and ecological.

PESTEL factors that are most salient for the battery industry are technological, social and economic

Explanation:

PESTEL factors that are most salient for the electric vehicle segment of the car industry are economical, technological, and ecological.

PESTEL factors that are most salient for the battery industry are technological, social and economic.

Electric cars would be economic as compared to gas and other forms of energy used to run a car or any other vehicle.

8 0
2 years ago
Three employees in the maintenance department are responsible for repairing the video games at Pinball Wizard, a video arcade. A
DanielleElmas [232]

Answer:

(D) Calling a patient to confirm an appointment.

Explanation:

Which among the following processes of a dentist's office is the most likely a back-office process?

A back office process is a process that supports the front office processes. In the service industry such as this - dental services - a back office process won't require the presence of the client.

THE ANSWER IS (D)

Calling a patient to confirm an appointment doesn't require facing the patient or having them around.

Filing a claim with the patient's dental insurance provider requires the presence of one or both of the client and his insurance officer.

Cleaning a patient's teeth requires his or her presence at the dental clinic.

Same with option C.

8 0
3 years ago
The _____ is a law passed in 1914 that seeks to prevent practices that may cause injury to customers, that cannot be reasonably
spin [16.1K]

Answer:

The Federal Trade Commission Act is a law passed in 1914.

8 0
2 years ago
On June 8, Alton Co. issued an $88,500, 7%, 120-day note payable to Seller Co. Assume that the fiscal year of Seller Co. ends Ju
Furkat [3]

Answer:

Amount of interest revenue recognized =\frac{2065\times 98}{120}=$1686.41

Explanation:

Principal amount P = $88500

Rate of interest r = 7 %

Total number of days = 120

So interest =\frac{principal\ amount\times rate\times time}{100}=\frac{88500\times 7\times 120}{360\times 100}=$2065

Number of days from 8 june to 30 june = 30-8 = 22 days

So left days = 120-22 = 98 days

So amount of interest revenue recognized =\frac{2065\times 98}{120}=$1686.41

3 0
3 years ago
Wall -to- wall records' April 1 inventory had a cost of $48,000 and a retail value of $70,000. During April, net purchases cost
algol13

Answer:

<u>The correct answer is that the cost of the ending inventory using the retail inventory method is US$ 100,962</u>

Explanation:

Wall-to-Wall Records

                                        Cost          Retail

Beginning Inventory $ 48,000 $ 70,000

Purchases                     $ 210,000       $ 390,000

Cost of Goods Available for Sale $ 258,000 $ 460,000

Cost to Retail Ratio

= $ 258,000 ÷ $ 460,000

= 0.5609 = 56.09%

                                                    Cost            Retail

Cost of Goods Available for Sale $ 258,000   $ 460,000

− Sales                                                                 $ 280,000

Ending Inventory                                          $ 180,000

× Cost to Retail Ratio                                    0.5609

<u>Ending Inventory                           $ 100,962 </u>

5 0
3 years ago
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