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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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A soft-drink machine is regulated so that it dischargesan average of 200 milliliters per cup. If theamount of drink is normally
Fiesta28 [93]

Answer:0.0548

Explanation:

Let x denotes the random variable that represents the  amount of drink in cups.

As per given , we have

\mu=200   \sigma=15

Since z=\dfrac{x-\mu}{\sigma}

The z-value corresponds to x=224

z=\dfrac{224-200}{15}=1.6

Required probability :

P-value : P(x>224)=P(z>1.6)=1-P(z

=1- 0.9452007=0.0547993\approx0.0548

Hence, the fraction of the cups will contain more than 224 milliliters = 0.0548

5 0
4 years ago
Ethical Work Climate reflects the ________ of the organization and shapes the ________ of its members.
klio [65]

Answer:

E, true values, ethical decision making

Explanation:

Ethical work climate can be defined as the acceptance or inculcation of the notion of right and wrong within an organization.

In an Ethical Working climate, the true values and the decision making skills of the members of the organization are reflected.

By true values, it means that whatever the company stands for of upholds will be displayed for all to see as well as the ability to make decisions by the members of the organization.

Cheers.

3 0
3 years ago
A company had a beginning balance in retained earnings of $44,300. It had net income of $7,300 and paid out cash dividends of $5
Anit [1.1K]

Answer:

$45,650

Explanation:

a) Calculations of Retained Earnings:

Beginning balance = $44,300

Net Income =                 7,300

less Dividends             -5,950

Ending balance =     $45,650

b) A statement of changes in Retained Earnings is always prepared to include the net income available for distribution to stockholders and exclude the distributions already made to stockholders in the form of dividends before arriving at the ending balance of Retained Earnings.  This later figure is reported in the Balance Sheet.  This process is also part of the closing entries of temporary accounts to permanent accounts at the end of an accounting period.

3 0
3 years ago
Selected data from the Florida Fruit Company are presented below: Total assets $1,500,000 Average total assets 1,850,000 Net inc
Mkey [24]

Answer:

13.5%

Explanation:

Relevant data provided for computing the profit margin which is here below:-

Net Income = $175,000

Net Sales = $1,300,000

The computation of profit margin is shown below:-

Profit Margin = (Net Income ÷ Net Sales) × 100

= ($175,000 ÷ $1,300,000) × 100

= 13.5%

Therefore for computing the profit margin we simply applied the above formula.

5 0
4 years ago
When the effective-interest method of bond discount amortization is used,
SSSSS [86.1K]

Answer: C. interest expense will not be a constant dollar amount over the life of the bond.

Explanation:

When a bond is sold at a discount, the discount will have to be amortized over the life of the bond to ensure that it reaches par at maturity.

As a result, the interest expense will be based on a larger figure every year which would mean that it would have to be larger each time. t will therefore not be a constant dollar amount over the life of the bond.

6 0
3 years ago
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