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3 years ago

Define technology for class 7

Business

1 answer:

Dafna1 [17]3 years ago

8 0

Answer:

<h2>Required Answer :-</h2>

Technology - Technology is defined as the information about some thing. We may also use these technologies in our business

Ex :- Internet is a technology.

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Tinker's cost of goods sold in the year of sale (2019) was $750,000 and 2018 cost of goods sold was $770,000. The inventory at t

Harrizon [31]

Answer:

96.3 days

Explanation:

Inventory turnover is calculated as;

= ( Average inventory / cost of goods sold ) × 365

Where,

Average inventory = (Beginning inventory + Ending inventory) / 2

Average inventory = ($208,000 + $188,000) / 2

Average inventory = $198,000

Therefore,

Inventory turnover = ($198,000 / $750,000) × 365

Inventory turnover = 96.3 days

The average number of days for Tinker to sell it's inventory during 2019 is closest to 96.3 days

4 0

3 years ago

The Sons of Knute had a hunting lodge up on Loon Lake which burned down last winter. They plan to rebuild it this summer and are

agasfer [191]

Answer:

y = 2,250 sq.ft

Hence, 2,250 sq.ft is the efficient size for the new hunting lodge.

Note: It can vary according to the cost per sq.ft. In this problem, we have assumed it as $15.

Explanation:

Data Given:

Organization members = 50

Equation given = 1.2 - 0.0004y = for the goods and size of the lodge.

where, y is the size of the hunting lodge in sq.ft.

Required = What is the efficient size for the new hunting lodge? = So, we need to find the value of y.

Solution:

First of all, we need to assume the cost for each sq.ft required to build this hunting lodge. As we have not given the cost. If we do not put the value then we will get a general answer in terms of variables. So, it is better to assume some value.

Let's assume the value = $15 per sq.ft

And we have 50 members in the organization so, multiply it with the equation given above.

X = 50 x (1.2 - 0.0004y)

X = 60 - 0.02y

So in order to find y, we need to equate this X to our assumed value of $15.

60 - 0.02y = 15

60 - 15 = 0.02y

45 = 0.02y

y = 2,250 sq.ft

Hence, 2,250 sq.ft is the efficient size for the new hunting lodge.

Note: It can vary according to the cost per sq.ft. In this problem, we have assumed it as $15.

3 0

4 years ago

What is a bank? How does a bank differ from most other financial-service providers?

Liono4ka [1.6K]

SIMPLY:

ANSWER:

Though a bank in itself is a financial institution, it differs from other financial institutions by a significant extent. The most prominent difference is the fact that they provide the facility of depositing cash by resorting to savings account―something which the non-banking financial institutions are not entitled to do

Difference between Banks and Financial institutions

It is a tough task to compare the two as there exist several financial institutions, and each of these differ from banks by a significant extent. Differentiating between banks and financial institutions is as good as comparing a deposit-taking financial institution with a non-deposit-taking financial institution.

If that criteria is taken into consideration both financial set-ups differ from each other on the basis of depositing facility, which is only provided by banking institutions. That’s true to a certain extent, but it is by no means complete.

Even though banks are deposit-taking financial institutions themselves, they can at times differ from other deposit-taking financial institutions. Credit unions, for instance, allow consumers to deposit (or borrow) money, but in order to avail this facility, you need to be a member of the said credit union.

6 0

3 years ago

What happens in a perfectly competitive industry when economic profit is greater than zero? existing firms may expand their oper

steposvetlana [31]

What happens in a perfectly competitive industry when economic profit is greater than zero?

The answer is all of the above. If a perfectly competitive industry has economic profit greater than zero then existing firms may expand their operations, firms may move along their LRAC curves to new outputs, there may be pressure on the market price to fall and new firms may enter the industry.

A perfectly competitive market is a hypothetical market where competition is at the highest level. Economists that study perfect competition state that this would be the best outcome of a market for consumers and society because each group would be evenly competing for consumers.

4 0

4 years ago

Read 2 more answers

The debt-deflation hypothesis explains the fall in income as a consequence of unexpected deflation transferring wealth ______, a

Paladinen [302]

Answer:

The options for this question are the following:

A. from debtors to creditors; a smaller

B. from creditors to debtors; a larger

C. from debtors to creditors; a larger

D. from creditors to debtors; a smaller

The correct answer is A. Debtors to creditors; a smaller

Explanation:

There are two definitions of deflation. Most people believe that it is simply price drop. But debt deflation is what happens when people have to spend an increasing part of their income on debt service contracted by them: pay mortgage debt, pay credit card debt, pay academic loans.

Nowadays, people have to spend so much money on buying a house or paying for education, that they do not have enough money to spend on goods and services, except for contracting more debt with their credit card or with other loans.

Result: the markets are slowing. Deflation means a slowdown in revenue growth. Markets contract, capital investment and employment also decrease and wages fall. That is what is happening, as a result of a deliberate policy, in Europe and in the US. The fall or stagnation of prices is nothing but the result of a smaller volume of income to spend.

7 0

3 years ago