All categories

2 years ago

Why the exist an economy?

Business

1 answer:

MAVERICK [17]2 years ago

4 0

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people

hope this helps

Explanation:

You might be interested in

The vice president of operations of Recycling Industries is evaluating the performance of two divisions organized as investment

slega [8]

Answer:

Recycling Inductries

1. Condensed Divisional Income Statement for the year ended Dec 31 20Y8

Business Division Consumer Division

$ $

sales 42,800,000 56,000,000

Cost of Goods Sold (23,500,000) (30,500,000)

Gross Profit 19,300,000 25,500,000

Operating expenses (11,424,800) (14,300,000)

Net Income 7,875,200 11,200,000

2. Using Duo point Analysis

Profit Margin = Net Income / sales

7,875,000 * 100% 11,200,000 * 100%

42,800,000 56,000,000

= 18.4% 20.0%

Investment Turnover = Sales / Invested asset

42,800,000 56,000,000

34,240,000 70,000,000

= 1.25 0.8

Return on Investment using Duo-point = Profit margin* Investment turnover

Business dividion = 18.4% *1.25 = 23%

Consumer division = 20% * 0.8 = 16%

3. Residual Income

Business dividion Consumer division

Net income $7,875,200 $11,200,000

Imputed cost* (3,424,000) (7,000,000)

Residual Income 4,451,200 4,200,000

4. Evaluation of performance of eaxh division

In term of profit, consumer division perform better than business division but in term of return on investment, business dividion has better performance. in term of residual income, business dividion is better in tem of performance than the consumer division.

Explanation:

7 0

2 years ago

It is unlawful for a person to act as a real estate agent unless such person is legally associated

ipn [44]

Answer:

a licensed real estate broker

Explanation:

A "real estate agent" is a licensed individual who works by buying and selling properties. In order to practice this profession, he needs to associate himself that he's working under a brokerage.

The person can lawfully do his work as a real estate agent, provided that the real estate broker he's working for has a license. If the broker doesn't have a license, then it's considered illegal.

So to speak, the real estate agent functions like a salesperson.

3 0

3 years ago

How do u add people as your friend?

Rudik [331]

Answer:

You click there profile, and then click add friend. and it will friend request them.

Explanation:

4 0

3 years ago

A young man recently was hired by a major mortgage company in Tampa. Because he was unfamiliar with Tampa, the man purchased a r

Pavel [41]

Question Completion with Options:

A) The man is not entitled to a refund, however, he may request that the $200 be applied to his down payment.

B) He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.

C) He is entitled to a refund of $100 if requested within 45 days of the contract date.

D) He is entitled to a refund of $150 if requested within 30 days of the contract date.

Answer:

The statement that applies to this situation is:

B) He is entitled to a refund of $200 if requested in writing within 30 days of the contract date.

Explanation:

The Florida real estate laws provide that any real estate company that furnishes rental information to a prospective tenant for a fee must provide the prospective tenant with a receipt. The receipt should contain the repayment provision, which can be made under specified conditions. However, the young man is expected to make his demand for a return of any part of the fee within 30 days from the date of the broker/sale contract.

3 0

2 years ago

If a company reorganizes its operation to gain efficiency, the cost associated with this reorganization is classified as

ivanzaharov [21]

Answer: Restructuring cost

Explanation:

Restructuring cost could be described as making expenses on rejuvenating or reviving or rebranding the company through spendings, which affects most of it's mode of operations, brings a change and innovation and ways to improve existing methods. This is capital intensive due to the work and changes required during the process.

8 0

3 years ago