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Vesnalui [34]
3 years ago
11

The tables show the annual incomes for the citizens in two countries, Melka and Sorare. Use this information to answer the quest

ions. The Nation of Sorare Citizen Income Teddy $2,000 Kermit $50,000 Franklin $63,500 Anna $1,500 Eleanor $2,000 Edith $1,000 The Nation of Melka Citizen Income Etta $20,000 Duke $21,000 Louis $20,000 Billie $20,300 Cole $19,000 Zora $19,700 Based on the information here, which nation would you expect to have the higher Gini coefficient
Business
1 answer:
masya89 [10]3 years ago
4 0

Answer: The nation of Sorare

Explanation:

The Gini coefficient is a statistical measure that is used to measure income disparity/ inequality in a country.

The closer to zero the Gini coefficient is, the more equitable the income in a country is. Simply put, if more people in a nation have similar levels of income, the Gini coefficient will be smaller.

In the question, the nation of Sorare has two people earning a high amount of money while others make considerably less. This shows a high income disparity which means that the Gini coefficient here will be higher than in Melka where citizens mostly have similar incomes.

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BlockWood Inc. has been providing raw materials to Couches Corp., a furniture company. The management at Couches recently decide
fomenos

Answer:

Forward integration

Explanation:

Forward integration is a type of business strategy in which the business activities should be carried forward for incorporating the complete production of the product i.e. from the raw material to the end manufacturing of the product along with the supply chain and its logistics. In this, the supplier of the raw material should extend the business to the end manufacturing of the product

So as per the given situation, it is a forward integration

8 0
2 years ago
Fill in the missing amounts.
aleksandrvk [35]

<u>Solution</u>

                                                         Yoste Company Noone Company

Sales revenue($100,000 + $5,000)             $90,000      $105,000

Sales returns and allowances                        ($6,000)         ($5,000)

Net sales                                                         $84,000   $100,000

Cost of goods sold($100,000 - $40,000)          ($58,000) ($60,000)

Gross profit($84,000 - $58,000)                         $26,000            $40,000

Operating expenses($40,000 - $17,000)         ($14,380)           ($23,000)

Net income($26,000 - $14,380)                          $11,620          $17,000

  • Net Income divide by Net Sales = Profit Margin Ratio
  • Gross Profit divide by Net Sales = Gross Profit Rate

<u>Yoste Company : </u>

Profit Margin Ratio = $11,620 divide by $84,000 = 13.83%

Gross Profit Rate = $26,000 divide by $84,000 = 30.95%

<u>Noone Company:</u>

Profit Margin Ratio = $17,000 divide by $100,000 = 17%

Gross Profit Rate = $40,000 divide by $100,000 = 40%

6 0
3 years ago
An invention that raises the future marginal product of capital in a closed economy) would cause an increase in desired investme
Lostsunrise [7]

Answer:

A) right; increase

Explanation:

In the case of the closed economy when the marginal product of capital increased so it also increased the investment due to which the shifting of the investment curve is rightward and this will result in increase in the real interest rate

So as per the given situation, the option a is correct

8 0
3 years ago
Home of households, inc., has an appliance manufacturing plant in the chicago area. the company specializes in producing smaller
Allushta [10]

Answer:

Exporting.

Explanation:

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Home of households produces smaller washers and dryers for countries where consumers have less living space. So they are exporting.

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3 years ago
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