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3 years ago

Write a summary of the 3 principles of economic activity

Business

2 answers:

nadezda [96]3 years ago

8 0

Answer:

Explanation:

1. The four principles of economic decision making are: (1) people face tradeoffs; (2) the cost of something is what you give up to get it; (3) rational people think at the margin; and (4) people respond to incentives. people face tradeoffs because to get one thing that they like, they usually have to give up another thing that they like. the cost of something is what you give up to get it, not just in terms of monetary cost but all opportunity cost. rational people think at the margin by taking an action if and only if the marginal benefits exceeds the marginals costs. people respond to incentives because as they compare benefits to costs, a change in incentives may cause their behavior to change.

2. The three principles concerning economic.

notsponge [240]3 years ago

3 0

Explanation:

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What are six types of records your company is likely to need?

NikAS [45]

What are six types of records your company is likely to need?

When running a business there are a lot of different types of records your company is likely to need some common records are: proof of business for tax purposes, revenue and loss, accounting journals, petty cash, payroll and deductions. There are a lot of different records needed so here are a few as an idea to get started, depending on the type of business being ran there may be more or less records needed.

6 0

3 years ago

Assessing Financial Statement Effects of Passive and Equity Method Investments On January 1, Ball Corporation purchased shares o

olga2289 [7]

Answer:

(a) See part a of the attached excel file.

(b) See part b of the attached excel file

Explanation:

(a) Assume that the stock acquired by Ball represents 15% of Leftwich's voting stock and that Ball has no influence over Leftwich's business decisions.

Note: See part a of the attached excel file for the Financial Statement Effects.

Under each transaction, the following calculations are made:

Transaction 1: Amount = Number of shares * Price per share = 10,000 * $17 = $170,000

Transaction 2: No calculation is needed as Ball has no influence over Leftwich's business decisions.

Transaction 3: Amount = Number of shares * Dividend per share = 10,000 * $1.20 = $12,000

Transaction 4: Amount = Number of shares * (Year-end market price per share - Acquisition price per share) = 10,000 * ($19 - $17) = $20,000

(b) Assume that the stock acquired by Ball represents 30% of Leftwich's voting stock and that Ball accounts for this investment using the equity method since it is able to exert significant influence.

Note: See part b of the attached excel file for the Financial Statement Effects.

Under each transaction, the following calculations are made:

Transaction 1: Amount = Number of shares * Price per share = 10,000 * $17 = $170,000

Transaction 2: Percentage of voting stock * Annual net income reported by Leftwich = 30% * $80,000 = $24,000

Transaction 3: Amount = Number of shares * Dividend per share = 10,000 * $1.20 = $12,000

Transaction 4: Amount = No calculation is needed as Ball has influence over Leftwich's business decisions.

Download xlsx

6 0

3 years ago

A company has net working capital of $2,204, current assets of $6,475, equity of $22,215, and long-term debt of $10,535. What is

kherson [118]

Answer:

Net fixed assets is $30546.

Explanation:

Given the net working capital = $2204

The current assets of the company = $6475

The equity of the company = $22215

Long term debt of the company = $10535

Net Working Capital = Current Assets – Current Liabilities

2204 = 6475 – current liabilities

Current liabilities = 6475 – 2204 = 4271

Total assets = Current Liabilities + Long term Debt + Total Equity

= 4271 + 10535 + 22215

= $37021

Total Liabilities and Stockholders Equity = Total Assets

Total assets = $37021

Total Assets = Current Assets + Net Fixed Assets

37021 = 6475 + net fixed assets

Net fixed assets = 37021 – 6475 = $30546

4 0

4 years ago

Adam was explaining security procedures to new interns at his firm. It was difficult for the interns to understand what Adam was

RSB [31]

Incomplete question. The options;

A) Incorporate activities that directly involve the audience.

B) Explain how the information will help the audience.

C) Avoid jargon.

D) Compare unfamiliar concepts to familiar concepts.

Answer:

C) Avoid jargon.

Explanation:

Note, the term "jargon" basically refers to the use of highly complex or technical language in communication.

In this scenario, we observed that Adam did not take into consideration that the interns were unfamiliar with the complex terms he was using. Hence, an effective strategy he could have used in the above situation was to totally avoid the use of jargon in his communication with the interns.

5 0

3 years ago

When will the Social Security fund dry up at its current level?

gulaghasi [49]

2042 will be the year the fund drys up, based on its current level.

6 0

4 years ago