3 years ago

What is one of the basic principles of economics?

Business

1 answer:

Andrej [43]3 years ago

8 0

I think it’s Option D

Society and it’s individuals have unlimited wants

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If nominal GDP is $900 billion and, on average, each dollar is spent six times in the economy over a year, then the quantity of

NeTakaya

Answer:

Option B (150) is the correct answer.

Explanation:

Given:

Nominal GDP,

= $900

Money velocity,

= 6

As we know,

⇒ $Nominal \ GDP=Quantity \ of \ demanded \ money\times Money \ velocity$

By putting the vales, we get

⇒ $900=Quantity\times 6$

⇒ $Quantity=\frac{900}{6}$

⇒ $=150$

7 0

3 years ago

The annual percentage rate on a credit card determines _______.

adell [148]

The amount of interest you are charged on credit card purchases

5 0

3 years ago

Bernice’s has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market

Irina-Kira [14]

Answer:

a. 3.58

Explanation:

the price earning ratio is obtain with the following formula:

$\frac{Market \: Price}{EPS}$

We are given with the market price, now we need to solve for the EPS

with sales and profit margin we solve for net income. then we divide by the shares outstanding to get the EPS

823,000 sales x 4.2 profit margin = 34.566‬ net income

now we solve for EPS Earning per share:

$\frac{Income}{Shares}\\\frac{34,566}{7,500} = 4.6088‬$

Now we can sovle for price-earnings ratio

$\frac{Market \: Price}{EPS}$

16.50/4.61 = 3,5791 = 3.58

8 0

3 years ago

The winner of the first annual Tom Morris Golf Invitational won $115 in the competition which was held in 1901. In 2015, the win

pickupchik [31]

Answer:

$31,920,341.91

Explanation:

The computation is shown below:

For computing the receiving amount in 2052 first we have to determine the rate which is shown below:

Current value = Initial value × (1 + interest rate)^time period

$1,480,000 = $115 × (1 + interest rate)^114

So, after solving this, the interest rate is 8.654%

Now the received amount in 2052 is

= $1,480,000 × (1 + 0.8654%)^37

= $31,920,341.91

The time period is come from

= 2015 - 1901

= 114

And, the 37 years is come from

= 2052 - 2015

= 37

5 0

3 years ago

Which of the following statements about federal taxes is TRUE? Everfi

Elanso [62]

Answer:

Federal takes are money you earn from working at a job.

Explanation:

4 0

3 years ago

Read 2 more answers