Answer
A detailed statement of receipts and expenditure for a period of time in the future is called a Budget
Explanation
An estimate of revenue and expenses over a particular future period of time is referred as the budget. A budget can be made for a family, for an individual or a business entity. In companies, budget is utilized as an internal tool of management.
<span>During an economic downturn, consumers spend considerably less on goods and services. this results in layoffs that are classified as CYCLICALLY UNEMPLOYED.</span>
Answer:
The correct option is option e)
not trade movie tickets for basketball tickets because his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.
Explanation:
The cost of one movie ticket is $8 then Bills' four tickets will be $32.
The cost of a basketball ticket is $28.
Therefore if bill should trade 4 movie tickets for a basketball ticket he will make a loss of $ 4 so it is advisable for bill not to trade movie ticket for basketball ticket. And again his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.
Answer:
d. $248,000
Explanation:
beginning cash balance 27,000
operating activities 351,000
investing activities (420,000)
financing 250,000
cash generate during the year 181,000
ending cash balance 208,000
<u>Note:</u>
The information of the sale of land is contained with the investment activities.
The proceeds from sales are in the operating activities.
<u>We just need to calculate using the total for each activity.</u>
Answer:
Market economy:
2. The invisible hand guides resources to their highest valued uses
4. Prices are sey by supply and demand
6. Buyers and sellers are motivated by self-interest
Non-market economy:
1. Prices are set by government agencies
3. Buyers and sellers are motivated by government directives
5. Buyers and sellers are motivated by a sense of communal well-being
Explanation:
On the one hand, the concept of <em>market economy</em> refers to a type of economy system that basically indicates that the market will find the equilibrium and work properly without the help of the government and therefore it establishes that the economy does not need from the figure of the government and that this last one must worry only about the other issues that do not include the economy.
On the other hand, a <em>non-market economy</em> like its name indicates, it refers to the type of system that do consider that the presence of the government is very important for the correct system of the economy and all of its factors regarding the market. Therefore that this type of system approves the planning of the economy from the government without discussions.
