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Flura [38]
3 years ago
8

The negative impact of the Corona virus as one of the socio economic issues on businesses ​

Business
1 answer:
tamaranim1 [39]3 years ago
3 0

Answer:

A socio-economic impact of this pandemic of coronavirus is that it threatens the life and economy of every country worldwide, causing increased poverty and widespread inequalities.

Explanation:

It is a pandemic disease, which spreads from person to person, based on available information. It is, therefore, necessary to avoid collection, to stay as home as possible, to practice distancing from society, to wear a mask, to use sanitizing agents, and to comply with local authorities until specific vaccines or drugs are available.

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Grouper Inc. is involved in a lawsuit at December 31, 2020. Prepare the December 31 entry assuming it is probable that Grouper w
goldenfox [79]

Answer:

Grouper Inc. is involved in a lawsuit at December 31, 2020

It is given that Grouper will be liable for $863,600 as a result of this suit. Therefore, the journal entry for this situation is as follows;

On December 31, 2020

Lawsuit loss  A/c  Dr. $863,600

       To Lawsuit liability               $863,600

(To record the lawsuit loss of the Grouper Inc.)

8 0
3 years ago
Which of these events would indicate a movement along a supply curve for batteries? (SSEMI22
Marysya12 [62]

Answer:

C. The price of eight AA batteries increases from $3.50 to S3.95 a set.

Explanation:

A product's price change is the sole reason for movement along the supply curve. The supply curve demonstrates the relationship between the price and the supply of a product. As per the law of supply, suppliers will supply more at higher prices.

A supply curve shows the volume that supplies will be ready to supply at different prices. An increase or decrease in price will cause the quantity of supply to change, as indicated by movement along the supply curve.

3 0
3 years ago
Mountain View Resorts purchased equipment at the beginning of 2021 for $46,000. Residual value at the end of an estimated four-
nasty-shy [4]

Answer:

(1) straight-line = $9,975

(2) double-declining- balance = $23,000

(3) activity-based = $6,982.50

Explanation:

purchase cost $46,000

useful life 4 years

residual value $6,100

total operating hours 12,000

(1) straight-line = ($46,000 - $6,100) / 4 years = $9,975 fo 2021

(2) double-declining- balance = 2 x ($46,000 / 4 years) = $23,000 fro 2021

(3) activity-based = 2,100 hours x [$46,000 - $6,100) / 12,000 hours] = 2,100 x $3.325 = $6,982.50

The double declining method is considered an accelerated depreciation method, that is why it is so high.

5 0
3 years ago
Consider whether each of the following events is likely to increase or decrease real GDP. In each case, do you think the well-be
STALIN [3.7K]

Answer:

a. A hurricane in Florida forces Disney World to shut down for a month.

Likely to decrease GDP because the economic activity of Disney World, which is part of GDP either as investment or consumption, is frozen for a whole month.

The average person will not likely feel the effects of the shutdown because as a percetange of the whole population, the amount of people who either work, or go to Disney World in a given month, is very small.

b. The discovery of a new, easy-to-grow strain of wheat increases farm harvests.

Likely to increase GDP because the harvest of wheat will be much larger, raising the value of that economic activity.

The average person is likely to benefit from this event because the larger wheat output means lower prices, and wheat is a food staple.

c. Increased hostility between unions and management sparks a rash of strikes.

Likely to decrease GDP because the companies involved in the strikes will stop their economic activity until an agreement is reached.

The average person will not feel the effects unless they are either part of the unions or part of the management of the firms involved.

e. Congress passes new environmental laws that prohibit firms from using production methods that emit large quantities of pollution.

Likely to decrease GDP because firms cannot replace their polluting methods for non-polluting ones very quickly. They will have to produce less.

The average person will feel the effects because the enviromental law comes from Congress, so is a federal law, applies nationally, and as a result, the number of firms affected is very large.

f. More high school students drop out of school to take jobs mowing lawns.

likely to increase GDP in the short-run, because students are now taking part of an economic activity. In the long-run, this is likely to decrease GDP because less educated people are less productive and thus, contribute less to GDP on average.

The average person will not feel any effects unless the number of high shcool drop outs is very large.

g. Fathers around the country reduce their workweeks to spend more time with their children.

likely to decrease GDP simply because fathers are now working less, and producing less. However, this could change if worker productivity goes up, and the fathers produce the same in less time.

Again, whether the average person feels the effects or not depends on the number of fathers that take this decision.

3 0
3 years ago
Which of the following is the primary cost object in most healthcare firmst?
Nezavi [6.7K]

This is the primary cost object:

A.) Specific DRG

Explanation:

The firms that handle healthcare are focused on the specific DRG required by the person and not necessarily the number of time healthcare was needed or how many repeated episodes it will involve.

This is because they are concerned with the cost.

There is a world's difference between the regular cost of a regular checkup and a serious ailment but booth are factored in pretty much the same by the healthcare system.

5 0
3 years ago
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