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Vilka [71]
3 years ago
15

What is an economic indicator and why is it important? Use at least two complete sentences to provide your response.

Business
1 answer:
kvv77 [185]3 years ago
5 0

Answer:

Answer is provided in two separate headings below.

Explanation:

<u>Economic Indicator</u>

They are briefly described as the figures used to understand the current position of the economy. Few examples of such are the Inflation rate, Gross Domestic Product (GDP), and Unemployment ratio compared to the populace.

<u>Reason for Important</u>

They are important because the information provided from them helps in grasping the state of the economy in the upcoming years. This data helps both the local and business individuals to make better decisions for their upcoming financial goals such as regarding the investment of capital, increase or decrease their employment level, buying property, etc.

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Guillermo is currently in the process of projecting how much his firm will have to spend on supplies, travel, rent, advertising,
quester [9]

Answer:

The answer is c. operating (master) budget.

Explanation:

Let re-visit to the definition of operating budget to justify why c. operating budget is the answer.

Operating budget is the budget for revenues and expenses for the future period, that is, it forecast how many level of activities and how much they will cost for income generating purpose in the forecast period.

As described in the question, the forecasting items falls among the expenses budgeting. Thus, c. operating (master) budget is the correct answer.

5 0
3 years ago
The banking panic of 1907 and the resulting cash shortage led to the formation of the: A. Federal Reserve System.B. Comptroller
AlekseyPX

The banking panic of 1907 and the resulting cash shortage led to the formation of the Comptroller of the Currency.

<u>Explanation:</u>

The Office of the Comptroller of the Currency (OCC), established by National Currency Act of 1863 serves to supervise, regulate and charter all national banks, thrift institutions and all the other federally licensed branches in US. The current Comptroller of the Currency is Joseph Otting.

The banking panic of 1907 has been a main motivation in creating the 3rd central banking system in 1907–1913. This was initiated by failed speculation that led to bankruptcy of 2 brokerage firms.

The public started to panic that the trust and banking industries were experiencing liquidity crunches and had the currencies only to meet short-term or immediate obligations. This caused bank runs and set off the financial panic of 1907 nationwide and it lasted for months.

5 0
3 years ago
The department chair of the it department issued a directive that "absolutely no food or drink are allowed in any computer lab."
Fiesta28 [93]
<span>The department chair issued this directive because several computers and keyboards in the computer labs were recently damaged by spilled drinks and food. this is a rule issued by the department chair.  </span>
3 0
4 years ago
If you open an account that pays 3% interest, compounded annually, by depositing $10,000 today, then what is the value of the ac
Lostsunrise [7]
F = $10,000(0.97)-20

F = $10,000(1.03)20

F = $10,000(0.97)20

F = $10,000(1.03)-20
7 0
3 years ago
An electronics manufacturer in Norway has developed a training program to train its support staff in foreign markets on the repa
Salsk061 [2.6K]

Answer:

Support services.

Explanation:

An activity required for successful execution of a product or program or process is known as Support service.

4 0
3 years ago
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