The field of economics is so vast and broad that it is often classified into branches and one of which are the positive and normative economics. Positive economics usually refers to the process and methods of explaining a certain economic phenomenon in which it establishes common relationships among variables present.
Based on the number of shares you bought and the dividend per share, the total dividend income you received was $452.40.
<h3>How much dividend income was received?</h3>
The stock was held for 7 months and there are 2 quarters in a space of seven months so two dividends were received.
The amount received is:
= Number of share x Number of quarters x dividend per quarter
= 580 x 2 x 0.39
= $452.40
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Answer:
Explanation:
A. Swiss watch manufacturers producing high quality time pieces.
1. Comparative Advantage
B. U.S. auto makers offering a great variety of makes and models of cars.
2. Specialization or Economies of Scale
C. The ability of developing nations to export textiles to wealthier countries.
US auto makers manufacture on large scale so they have economies of scale . Moreover they are technically superior because of specialisation .
1. Comparative Advantage
wealthier nation too can export textile but that will be costlier so developing nation has comparative advantage of cheap labour.
D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.
2. Specialization or Economies of Scale
E. Your economics professor paying a gardener to do work that he/she could do on their own.
1. Comparative Advantage
Professor can earn more by using his time as a professor so he has comparative advantage .
Answer:
$56,252
Explanation:
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<u>For the investing activities we should post the proceeds from the sale</u>, not the gain or the book value of the equipment
if there is a gain, then it was sold above the book value by this amount
proceeds - book value = gain
book value: 50,960
gain: 5,292
proceeds - 50,960 = 5,292
proceeds = 50,960 + 5,292 = 56,252
To obtain $225,000 in 18 years it is necessary to save or invest at least 1,041.66 every month and 12,500 every year.
We know the total money that needs to be saved to cover college education is $225,000 and the time to save up this money is 18 years. Based on these two details, let's find out how much you need to save every month and every year.
Total of months:
- 12 months x 18 years = 216 months.
The total you need to save per month:
- $225,000 / 216 = 1,041.66.
The total you need to save per year:
- 1,041.66 x 12 = 12,499.99 that can be rounded as 12,500.
Note: This question seems to be incomplete; however, I answered it based on the information provided.
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