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3 years ago

What is the difference between economy and economics

Business

2 answers:

Rainbow [258]3 years ago

7 0

Answer:

economy:

the relationship between production, trade and the supply of money in a particular country or region.

economic:Economics is a science that studies economies and develops possible models for their functioning

11Alexandr11 [23.1K]3 years ago

3 0

Basically, economics is the study of an economy, i.e. its structure, condition, working, performance, issues, remedies, etc. ... On the other hand, an economy indicates a region, a particular area or country, concerning production, distribution, consumption, and exchange of goods and services, and supply of money.

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ABC Systems located in Alabama expects a 9% after-tax rate of return on an equipment investment. The state tax rate is 6%. If th

Molodets [167]

Answer: 14.5%

Explanation:

The after tax return is calculated by the formula:

= Before tax return * (1 - federal tax) * (1 - State tax)

As we have the after tax return, we should work on the before tax:

9% = Before tax return * (1 - 34%) * (1 - 6%)

9% = Before tax return * 0.6204

Before tax return = 9% / 0.6204

= 14.5%

5 0

3 years ago

Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?

Sedbober [7]

Answer:

Keeping its interest rates low

Explanation:

Interest rates correlate with the exchange rate of a country. Low-interest rates are unattractive to foreign investors. Investors associate low-interest rates with reduced returns. In the foreign exchange market, the demand for such a country's currency will below, resulting in a lower exchange rate against other currencies.

If a country has low-interest rates, its currency will be in low demand, meaning its strength will be relatively weaker against the US dollar. One dollar will be able to buy a large quantity of goods and services from such a country. In other words, that country's exports will be cheaper in the USA.

8 0

3 years ago

Read 2 more answers

What is the importance of training in profession?

aksik [14]

<h2>A training program gives everyone the opportunity to strengthen those skills. This helps ensure that everyone on your team is up to par and can perform their job day in and day out. With proper training and development, weakness can turn into strengths and your employees can excel.</h2>

4 0

2 years ago

"An individual owns a bicycle repair business as a sole proprietorship. He does not make a lot of money, but he does have $5,000

ICE Princess25 [194]

Answer:

Roth IRA

Explanation:

Based on the information provided in this scenario it can be said that the individual's best option would be to make a $5,000 contribution to a Roth IRA fund. This is a retirement fund that can be will provide will continue to grow exponentially throughout the years and the individual can withdraw that money when they turn 60 years old. At this point the money is completely tax free.

5 0

3 years ago

Sales revenue$ 4,000Purchases of direct materials$ 400Direct labor$ 450Manufacturing overhead$ 620Operating expenses$ 650Beginni

dlinn [17]

Answer:

The correct answer is D: $1900

Explanation:

Giving the following information:

Sales revenue$ 4,000

Purchases of direct materials$ 400

Direct labor$ 450

Manufacturing overhead $ 620

Operating expenses$ 650

Beginning raw materials inventory$ 200

Ending raw materials inventory$ 180

Beginning work in process inventory$ 320

Ending work in process inventory$ 410

Beginning finished goods inventory$ 250

Ending finished goods inventory$ 200

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning work in process + direct materials + direct labor + manufacturing overhead - ending work in process

Direct materials= beginning inventory + purchase - ending inventory= 200 + 400 - 180= 420

cost of goods manufactured= 320 + 420 + 450 + 620 - 410= $1400

Now, we can calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished goods

COGS= 250 + 1400 - 200= 1450

Operating income= sales - COGS - operating expenses

Operating income= 4000 - 1450 - 650= $1900

3 0

3 years ago