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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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The audit expectation gap occurs when there is a difference between the expectations of the ________. a. generally accepted acco

Mrrafil [7]

Answer:

c. auditors and financial statement users.

Explanation:

This is because, the auditors and the financial statement users tends to have different views on what their responsibilities are. Since their views differs, their tend to be a gap which occurs. This gap is called audit expectation gap. This could be minimized through self regulating auditing of the financial statement before the final auditing by auditors.

6 0

3 years ago

Which of the following is a tertiary ratio that drives profitability?

Ilia_Sergeevich [38]

The SG&A Expense/Sales is the tertiary ratio that drives profitability.

<h3>What is SG&A Expense/Sales?</h3>

This refers to the everyday operating expenses of running a business that are not included in the production of goods or delivery of services.

As the SG&A includes rent, salaries, advertising, marketing expenses etc., it is the tertiary ratio that drives profitability.

Therefore, E is correct.

Read more about SG&A

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4 0

2 years ago

A Japanese investor can earn a 1 percent annual interest rate in Japan or about 4.1 percent per year in the United States. If th

Whitepunk [10]

Answer: 97.99

Explanation:

The one-year forward rate that an investor would be indifferent between the U.S. and Japanese investments will be:

= Spot rate × (1 + Japanese rate / 1 + U.S rate)

= 101 × (1 + 1% / 1 + 4.1%)

= 101 × [(1 + 0.01) / (1 + 0.041)]

= 101 × (1.01/1.041)

= 101 × 0.9702209

= 97.99

4 0

3 years ago

Charles Schwab in 1971 was determined to build a stock brokerage firm that would be different. He cited that he was disturbed by

Alecsey [184]

Answer:

D) The Agency Problem

Explanation:

The agency problem refers to a conflict of interests between the principal and his/her agent. Agents have a fiduciary duty to act on the best interest of their principal, but sometimes agents place their own personal interest before the interests of their principal.

in this case, the brokers should act on behalf of their clients to make them earn the largest possible profits, but instead they focus on convincing them about transactions that increased the broker's profit and not the clients'.

4 0

3 years ago

Beach Surf Boards is making a decision on whether to add long boards as a new product line to complement its short boards. A rec

Verizon [17]

Answer:

profit increase by 750 dollars

Explanation:

We must base our analisys considering only the loan board associated cost:

contribution per long board:

300 sales price - 225 variable cost = $75

total contribution for 250 units:

250x$75 = 18,750

increase in fixed cost:

69,000 - 51,000 = 18,000

incremental operating profit:

18,750 contribution - 18,000 fixed cost = 750

4 0

3 years ago