Answer:
Lorenz curve can be understood as a graphical representation of distribution of wealth or income among the population in a given economy.
Explanation:
Lorenz Curve was proposed by Max O. Lorenz in the year 1905 to represent inequality in the distribution of income among the given population. This curve illustrates that the distribution of wealth is not equal, where one section of the population has all the wealth or income of the economy and the other section of the population is left with none. Whereas in the case of perfect equality, each section of the population should receive an equal amount of wealth of the economy. This means that N% of the society should always have N% of income and not more and not less than that. Thus, this situation is hypothetical and thus, the idea of the Lorenz Curve comes into consideration.
Answer:
The answer is gender.
Explanation:
The difference between the choices that Herbert and Lily make on the curtains they prefer are mainly due to gender differences typically associated with masculinity and femininity. Herbert’s preferred curtain, which is solid dark blue, reflects his masculine preference in colors, since he picked blue. Lily, on the other hand, showcases a feminine preference with lilac-colored curtains; which is a soft shade that feminine women tend to prefer combined, in addition to the embroidery style.
Answer:
The present value of the cash flows from your lottery winnings is $11,132,000.
Explanation:
Present Value of Lottery = $2,420,000
Annuity periods = 40
Present Value of annuity = P ( ( 1 - ( 1 + r / m )^-mt ) / r )
Present Value of annuity = 1,210,000 ( ( 1 - ( 1 + 0.09/2 )^-40 ) / 0.09 )
Present Value of annuity = 1,210,000 x 9.20
Present value of cash flow = $11,132,000
The present value of the cash flows from your lottery winnings is $11,132,000.
Answer:
The company's accounts receivable turnover was closest to 10.83 times
Explanation:
The accounts receivable turnover is an efficiency ratio that measures how many times a company can collect its receivables or money owed by clients during the year.
Accounts receivable turnover is calculated by following formula:
Accounts Receivable Turnover = Net Credit Sales
/Average Accounts Receivable
In there:
Average Accounts Receivable = (The beginning accounts receivable of the period balance + The ending accounts receivable of the period balance)/2
In Fraser Company:
Average Accounts Receivable = ($10,000 + $14,000)/2 = $12,000
Accounts Receivable Turnover = $130,000/$12,000 = 10.83 times
Answer:
1.to answer the three key questions of economics
2.to help countries respond to the issue of scarcity
AND 3.to help make decisions concerning what, how, and for whom things are produced
Explanation:
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