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3 years ago

How would the economy affect taking a overseas holiday

Business

1 answer:

Aleks04 [339]3 years ago

6 0

Answer: More stability increases chances of overseas holiday

Explanation:

Overseas holidays are comparatively more expensive than domestic holidays so more money would be needed to embark on one.

In order to make more money, a stable economy is needed where income is both being made and can be made from the opportunities that exist. This will enabled people to be able to save up for the holiday trip.

If however, the economy is not stable as is the case currently with the pandemic having ravaged the world, people will have less income to spare for saving for an overseas trip. This would reduce the instances of people going on overseas trips.

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Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will

OverLord2011 [107]

Answer:

$3760

Explanation:

Calculation to determine the December 31 balance in Bad Debt Expense

Using this formula

Bad debt expense = Credit sales × Uncollectible percentage

Let plug in the formula

Bad debt expense= $94,000 × 4%

Bad debt expense= $94,000 × 0.04

Bad debt expense= $3760

Therefore the December 31 balance in Bad Debt Expense will be $3760

8 0

3 years ago

On its December 31, 20X5 balance sheet, Shin Co. has income tax payable of $13,000 and a current deferred tax asset of $20,000,

mariarad [96]

Answer:

$10,000

Explanation:

To calculate income tax expense we must add income liability for the year, minus the changes in deferred tax accounts and add the change in value for deferred tax assets.

income tax expense = $13,000 - ($20,000 - $15,000) + ($20,000 x 10%) = $13,000 - $5,000 + $2,000 = $10,000

3 0

3 years ago

Inflation is a general rise in the level of prices experienced by people in a nation.

vladimir2022 [97]

Answer:

True.

Explanation:

Inflation is an economic term that can be defined as the increase in the prices of a product on the market in a given period.

It can occur due to several factors, when there is an imbalance between supply and demand, then it is correct to say that when the demand for a product is greater than the supply, there will be an increase in prices and, consequently, inflation.

It can also occur when there are situations of monopoly, which is the pricing of a product controlled by a company.

Another factor that causes inflation is the increase in a company's production costs, which can be caused by factors such as scarcity, or economic crisis.

Uncontrolled inflation has a negative impact on the consumer's life, which starts to lose its purchasing capacity and has its quality of life reduced.

4 0

3 years ago

A water utility is planning to construct a grease treatment facility so that local haulers will not have to transport grease to

romanna [79]

Answer:

The B/C ratio at 6% per year is closest to 1.17

Explanation:

In order to calculate the B/C ratio at 6% per year we would have to make first the following calculations:

Present Worth(PW) of annual operating cost (excel formula) =PV(0.06,10,160000,0) = $1,177,613.93

PW of annual benefit (excel formula) =PV(0.06,10,250000,0) = $1,840,021.76

Present cost (at beginning of project) = $400,000

Therefore, to calculate the B/C ratio at 6% we would use the following formula:

B/C ratio at 6%=PW of benefits-PW of disbenefits/Initial cost+PW of operating and maintenance-PW of salvage value

B/C ratio = ($1,840,021.76 - 0)/($400,000 - $1,177,613.93) = 1.17

7 0

3 years ago

What will the elasticity of resource demand be if unit wages rise by 5 percent and the number of employed workers falls by 12 pe

Amiraneli [1.4K]

The correct answer is 2.4.

The simplest way to define elasticity of demand is by using the following formula:

Elasticity of Demand = Change in Demand / Change in Prices

Then, in our question we have:

Demand Elasticity = 12% / 5% = 2.4

Why is it called elasticity of demand?

An elastic product is one in which demand significantly shifts in reaction to price fluctuations. In other words, the product's demand point has expanded significantly from its earlier point. It is inelastic if the amount purchased fluctuates little when the price of the good or service changes.

What Does elasticity of demand tells us?

It reveals how much the quantity needed alters in response to pricing changes made by the company. The price elasticity of demand explains how the amount sought in the market changes when the price changes if we are evaluating a market demand curve.

Learn more about elasticity of demand: brainly.com/question/23301086

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5 0

2 years ago