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2 years ago

The phase of the business cycle that includes a period of decline in GDP and

Business

2 answers:

tankabanditka [31]2 years ago

7 0

Answer:

Don’t listen to first dude

Explanation:

Anarel [89]2 years ago

4 0

Answer:

Contraction:

Explanation:

The contraction period is the time between the peak (highest growth rate) and the trough ( the lowest growth rate). At contraction, the GDP value declines from its peak to the lowest or negative growth rate. Contraction means a shrink in economic activities.

During contraction, the unemployment rate rising as employers lay-off workers due to reduced demand. Incomes and profits decline, and the GDP value decreases to low or negative values. The contraction period starts with a recession, which is a decline in GDP value for two consecutive quarters.

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While taking a hike in the forest, you find some fossils in layers of sedimentary rocks whose age you later find out is said to

masya89 [10]

Answer: Yes, because the rock layers are less than 704 million years old.

Explanation: before sending out the fossil sample for examination it was estimated that to be between 100-400 million years old, the data gotten from the results after proper examination supports earlier findings on the age of the rock. Because the fossil dates back to over 350 million years

4 0

3 years ago

A firm is considering changing their credit terms. It is estimated that this change would result in sales increasing by $ 1 comm

ladessa [460]

Answer:

The firm's expected change in net working capital: Net working capital increases by $255,000

Explanation:

Net working capital is calculated by using following formula:

Net working capital = Current assets - Current Liabilities

The inventory increases by $175,000, accounts receivable increases by $140,000.

The Current assets increases by: $175,000 + $140,000 = $315,000

The accounts payable increases by $60,000, the Current Liabilities increases by $60,000

Net working capital increases by: $315,000 - $60,000 = $255,000

4 0

3 years ago

Read 2 more answers

When her income increased from $10,000 to $20,000, Heather's consumption of macaroni decreased from 10 pounds to 5 pounds and he

maks197457 [2]

Answer:

This statement is true.

Explanation:

The concept of income elasticity measures a change in the demand because of change in the income of the consumer.

It is calculated as the ratio of change in demand to change in income.

A person was earning $10,000. Her income increased to $20,000.

Her consumption of macaroni decreased from 10 pounds to 5 pounds.

While her consumption of soy-burgers increased from 2 pounds to 4 pounds.

Income elasticity for macaroni

= $\frac{\% \Delta Q}{\% \Delta Y}$

= $\frac{\frac{5-10}{5} }{\frac{20,000 -10,000}{10,000} }$

= $\frac{\frac{-5}{5} }{\frac{10,000}{10,000} }$

= $\frac{-1}{1}$

= -1

Income elasticity for soy-burgers

= $\frac{\% \Delta Q}{\% \Delta Y}$

= $\frac{\frac{4-2}{2} }{\frac{20,000 -10,000}{10,000} }$

= $\frac{\frac{2}{2} }{\frac{10,000}{10,000} }$

= 1

So, we see that macaroni has a negative income elasticity, its demand decreases with increase in income. Macaroni is an inferior good.

Soy-burgers sow a positive income elasticity. Their demand increases with increase in income. They are normal goods.

8 0

3 years ago

Following the Enron debacle, which resulted in employees losing 100% of their 401(k), Congress enacted new laws to protect inves

pychu [463]

Answer:

According to my point of view whenever the employees or any individual who are aware about their money and where their money is being invested to generate more returns. More over if the investments are at high risk for them it is obvious that they should definitely take responsibility for their own investments.

8 0

3 years ago

On April 1, Garcia Publishing Company received $33,480 from Otisco, Inc. for 36-month subscriptions to several different magazin

allochka39001 [22]

Answer:

Unearned Fees A/c Dr. $8,370;

Fees Earned A/c Cr. , $8,370.

Explanation:

The amount of $33,480 paid is for 36 months. Subscription per months will be $33,480 divided by 36 months

=$33,480 / 12

=$930

The subscription was paid on April 1st. Between April 1st and December 31st, there were 9 months.

The subscriptions for that year will be

= $930 x 9

=$8,370

The journal entries will be as follow

Unearned Fees A/c Dr. $8,370;

Fees Earned A/c Cr. , $8,370.

3 0

2 years ago