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AnnZ [28]
3 years ago
14

The impact of Inequality on businesses​

Business
1 answer:
ivanzaharov [21]3 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:

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A fully discrete whole life insurance policy paying $50,000 at the end of the year of death is issued to an individual age 36. T
DerKrebs [107]

Answer:

Our P = 17540 $

Explanation:

Amount of Insurance Policy = 50000$

premium reserve at 10th Year = 8000$

Net Premium for the policy = 900$

Annual Interest Rate = 6%

Net Premium at the age of 46 = ????

900 * 10 years = 9000$

9000 + Interest rate @ 6% = 9540$

Net Premium + Premium reserve of 10 Years = 9540 +8000 = 17540$

P = 17540 $

Note: As similar policy have interest rate @ 6%,which is paid every year,

At the age of 46, Net premium reserved amount also will be recovered.

6 0
3 years ago
preparing adjusting and closing entries across two periods norton company closes its accounts on december 31 each year. the comp
Rama09 [41]

Answer:

Requirement: <em>Prepare journal entries to: (a) Accrue the salaries payable on December 31, b) Close the Salaries Expense account on December 31 (the account has a year-end balance of $250,000 after adjustments), (c) Record the salary payment on January 7</em>

Date     Accounts title and Explanation      Debit          Credit

31-Dec  Salaries expense                             $1,880

                   Salaries Payable                                             $1,880

             (To record accrued salaries )  

31-Dec   Retained Earnings                          $250,000  

                     Salaries Expense                                          $250000

              (To close salaries expense account)

07-Jan   Salaries Payable                             $1,880

              Salaries expense                            $2,920

                     Cash                                                                $4,800

              (To record payment of salary)

3 0
3 years ago
The dollar is said to appreciate against the euro if the exchange rate falls. choose one:
alexgriva [62]

For equipment purchased from the United States, European businesses will pay less in euros.

<h3>What would happen if the US dollar increased in value relative to the euro?</h3>

The dollar now "buys" more euros if the exchange rate between the two currencies rises to $1 for 0.94€. As a result, purchasing European items is now more affordable. As U.S.-made goods are now more expensive, U.S. exports would decrease while imports from nations that use the euro would increase.

<h3>What causes the value of the US dollar to rise?</h3>

An increase in the value of one currency in comparison to another is known as currency appreciation. For a variety of factors, including governmental policies, interest rates, trade balances, and business cycles, currencies appreciate against one another.

learn more about dollar is said to appreciate against the euro here brainly.com/question/13825174

#SPJ4

4 0
1 year ago
How to solve marginal product<br>​
scoundrel [369]

Explanation:

The marginal product formula is the change in quantity (Q) of items produced divided by the change in one unit of labor (L) added (change in Q divided by change in L). The denominator in this equation is always one because the formula is based on each one unit of increase in labor.

hope this helps

8 0
2 years ago
Read 2 more answers
A process cost system would be appropriate for a:
Lyrx [107]
Companies that produce a continuous mass of like units through series of operations or process
5 0
1 year ago
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