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3 years ago

HS 101 Intro to Economics Quiz

Business

1 answer:

dem82 [27]3 years ago

7 0

Answer:

1. B

2. A

3. B

4. C

5. B

6. A

7. D

8. C

9. B

10. A

11. A

12. C

13. D

14. B

15. B

16. C

17. A

18. B

19. A

20. D

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Two ways in which young entrepreneurs can benefit from the National Youth Development Agency

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South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.

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3 years ago

C93, Inc. sells three products. Income statement information for the three products for the most recent year is given below: Pro

aleksandrvk [35]

Answer:

14,560 units.

Explanation:

Variable costs for Product A = $140,000 / 7,000 units

Variable costs for Product A = $20

Avoidable costs for Product A:

Advertising $23,800

Rent $17,300

Supervisor's salary $31,700

Avoidable costs for Product A $72,800

Contribution margin per unit = $25 - $20 = $5

Economically indifferent units = Avoidable costs for Product A/Contribution margin per unit

Economically indifferent units = $72,800 / $5

Economically indifferent units = 14,560 units

So therefore, the number of units of Product A that would need to be sold next year is 14,560 units.

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3 years ago

In 2011, the imaginary nation of Maconia had a population of 8,200 and real GDP of 210,500.

vazorg [7]

Answer:

C. 226,416

Explanation:

Firstly, we find the GDP per person for 2011.

Next, we calculate the 5% GDP per person increase in 2012

Finally, we calculate for GDP in 2012 using available data gotten

So,

Given that

In 2011,

Real GDP = 210,500

Population = 8200

GDP per person for 2011 = 210,500 ÷ 8200

= 25.67 approximately.

In 2012, there was a 5% growth in GDP per person, therefore,

GDP person 5% increase in 2012 = (5÷100) × 25.6707317073

= 0.05 × 25.6707317073

= 1.2835365854

2012 GDP per person = 25.6707317073 + 1.2835

= 26.9542682927

5% increase of 25.6707317073 = 25.6707317073 × 1.05 = 26.9542682927

So, to get the GDP in 2012,

GDP = GDP per person × population

Where GDP per person = 26.9542682927

Population = 8400

Thus,

Real GDP = 26.9542682927 × 8400

= 226,415.8

Approximately = 226,416 to the nearest dollar.

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3 years ago

Kohler Corporation reports the following components of stockholders’ equity on December 31, 2017. Common stock—$10 par value, 10

aev [14]

Answer:

Explanation:

1.) Kindly check attached picture

2.) Statement of retained earning

Statement of Retained Earnings

For Year Ended December 31, 2018

Retained earnings, Dec. 31, 2017, 270,000

Add: Net income 388,000

Less: Cash dividends declared (152,000)

Less: Treasury stock reissuance (1,500)

Retained earnings, Dec. 31, 2018, 504,500

C.) Stockholders' Equity Section of the Balance Sheet

December 31, 2018

Common stock - $10 par value 400,000

Paid-in capital in excess of par value, common stock 60,000

Retained earnings 504,500

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3 years ago

In a republic, elected officials create

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They make laws to regulate the economy. Hope this helps :)

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4 years ago

Read 2 more answers