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Llana [10]
3 years ago
15

Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might th

is have at the individual and societal levels?
Business
1 answer:
Makovka662 [10]3 years ago
7 0
Corona virus. the corona virus is a virus that makes us buy masks, but it also is making us stay home and some of us have to buy computers and stuff to work from home and some of us cannot go to work because of the spread of the deadly virus. individually it will cost us money if we need to buy a computer/laptop but it will also cost money because everyone needs food and water at their house so they will create a stock, so they will spend a major of their money on food and water. on a society level there will be a lot of people buying everything at once and then there will be nothing to buy or no one to buy anything so we won’t have any ups or downs in the economy but we will not be spending money as a society so we will just keep it to ourselves.
You might be interested in
Which of the following represents the correct formula for calculating cost of goods manufactured?
denis23 [38]

Answer:

B) Direct materials used + direct labor + factory overhead + beginning work in process - ending work in process.

Explanation:

The formula to compute the  cost of goods manufactured is shown below:

= Direct material used + Direct labor + Manufacturing Overhead

where,

Manufacturing Overhead equal to

= Factory overhead + Beginning work-in-process - Ending work-in-process

Or we can say that

Direct material used + direct labor + factory overhead + beginning work in process - ending work in process

6 0
4 years ago
Which of the following statements is CORRECT?
Romashka [77]

Answer:

D. The threat of takeovers tends to reduce potential conflicts between stockholders and managers.

Explanation:

As with the threat of takeover, there comes the risk of losing control, power, monetary benefits, the stockholder's tend to agree with managers, and the manager's tend to agree with stockholders.

As both aims for no takeover of the company, both work in for each other, agreeing to the suggestions placed.

There is no dis-regard to any of the suggestions paid by any of the party. This threat actually creates moral harmony and unity among stakeholders and management.

Therefore, correct answer is:

D. The threat of takeovers tends to reduce potential conflicts between stockholders and managers.

8 0
3 years ago
Another bank is also offering favorable terms, so Rahul decides to take a loan of $12,000 from this bank. He signs the loan cont
Elden [556K]

Answer:

$12,615.21

Explanation:

In this question, first we have to compute the future value which is shown below:

Future value = Present value × (1 + (rate ÷ total number of days in a year)) ^ Total number of days in a year

= $12,000 × (1 + ( 0.05 ÷ 365 days)) ^ 365

= $12,000 × ( 1 + 0.00013698630 ) ^ 365

= $12,000 × (1.000136986 )  ^ 365

=  $12,000 × 1.051267496

= 12615.20996

8 0
4 years ago
A company's normal selling price for its product is $20 per unit. However, due to market competition, the selling price has fall
AleksAgata [21]

Answer:

value of company inventory = $2600

so correct answer is B) $2,600

Explanation:

given data

normal selling price = $20

selling price fallen = $15

current inventory = 200 units

purchased =  $16 per unit

cost fallen = $13 per unit

solution

we know that context inventory meaning is that inventory is reported the lower cost or the replacement cost

here lower is replacement cost = $13

so value of company inventory at lower of cost will be

value of company inventory = 200 units × $13

value of company inventory = $2600

so correct answer is B) $2,600

3 0
4 years ago
1. Suppose the Kenyan shilling (KS) is currently traded at KS 1.4/$.The Ethiopian Birr (EB) is traded at E B1.39/$.Ignoring tran
otez555 [7]

Answer:

The answer is <u>KS 1.01/EB</u>.

Explanation:

This is an example of a cross rate.

Cross rate refers to an exchange rate between two currencies that is calculated based on the exchange rate of each of the two currencies to a third currency.

For this question, the cross rate KS/EB will be estimated by reference the US dollar which is third currency. This can be calculated by simply dividing the KS 1.4/$ by the E B1.39/$ as follows:

KS/EB = 1.4 / 1.39 = 1.01

That is, the answer is <u>KS 1.01/EB</u>.

4 0
4 years ago
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