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Lubov Fominskaja [6]
3 years ago
7

How can understanding the economy help you to make better financial decisions?

Business
1 answer:
Elan Coil [88]3 years ago
3 0

Answer:

Explanation:

No matter what the future holds, an economics major helps people succeed. Understanding how decisions are made, how markets work, how rules affect outcomes, and how economic forces drive social systems will equip people to make better decisions and solve more problems. This translates to success in work and in life.

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Sam and Janet each have a whole number of dollars, and 13$ of Sam's money equals 2$ of Janet's money. Together, they have more t
marysya [2.9K]

Answer:

The least sum they could have is 15 dollars (n=1).

Explanation:

Let S and J represent the number of dollars held by Sam and Janet, respectively. Let  

.. n = S/13 = J/2  

Then  

.. S = 13n  

.. J = 2n  

.. S + J = 13n +2n = 15n > 10 . . . . .

we know that from question, the sum of their amount is more than $10  

therefore, The least sum they could have is 15 dollars (n=1).

6 0
3 years ago
Cheyenne Corp. incurred the following costs while manufacturing its product.
weeeeeb [17]

Answer:

$347,400

Explanation:

Cost of goods manufactured = Material used in product + Labor costs of assembly line workers + Factory overheads (ie Depreciation on plant+ Property taxes on plant + Factory supplies used) + Opening WIP - Closing WIP

Cost of goods manufactured = $129,100 + $111,300 + $64,600 + $16,000 + $28,700 + $14,500 - $16,800

Cost of goods manufactured = $347,400

5 0
2 years ago
What information in a drawings title block identifies the project?
Oksi-84 [34.3K]

Answer:

/hhvkkkkkkkkkkkkkkkk

Explanation:

8 0
3 years ago
New Body, a gym, bought new exercise equipment on credit. The purchase price was $10,438.88. They secure the loan with a financi
LiRa [457]

Answer:

b. $524.94

Explanation:

We need to solve for the PTM of a 6 year annuity with quarterly payment discount for 6.25% compounding quarterly as well:

PV \div \frac{1-(1+r)^{-time} }{rate} = PTM\\

PV $10,438.8800

time 24 (6 years x 4 quarter per year)

rate 0.015625 8 ( 0.0625 / 4 )

The payment every quarter will be for:

10438.88 \div \frac{1-(1+0.015625)^{-24} }{0.015625} = PTM\\

PTM  $ 524.942

4 0
3 years ago
13. Once a firm decides to enter an industry and chooses a market in which to compete, it must gain an understanding of its comp
Irina18 [472]

Answer: Strategic Analysis.

Explanation: Strategic analysis is the process that firms use to study and understand the many different aspects of their competitive environment. This analysis involves the process that focus on researching an organization’s business environment within which it operates. It is an essential tool in formulating strategic planning for decision making and smooth working of the business organization.

Strategic analysis refers to the process of conducting research on a company and its operating environment within which its operates to formulate a strategy. Strategic analysis helps define a strategy that will help stand out from the competitors and to also remain competitive. Another important function of strategic analysis is the prediction of future events and the planning of an alternative approach if the first fail to deliver.

4 0
3 years ago
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