1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bezimeni [28]
2 years ago
7

Suppose that an economy consists of only two individuals. Leland has $1950 available to spend on goods. He decides to purchase $

370 worth of produce from Charlotte in the current month. No other economic activity takes place during the current month. Using this information, answer the questions. For the current month, what is the economy's income
Business
1 answer:
Illusion [34]2 years ago
6 0

Answer:

$370

Explanation:

The computation of the economy income as follows:

Since Leland decided to buy the worth of produce in the present month for $370

So for the present month or the current month, the economy income is $370

Therefore the same would be considered also the single transaction is taken place in the current month

You might be interested in
A comparable property has a feature that is superior to the subject property. what adjustment would need to be made if you are u
Marysya12 [62]
The adjustment that need to be made is <span>Value of the feature would be subtracted from the sales price of the comparable property in order to determine the worth of the property. without the features,
By doing this, we could determine the true market valuation of the property that being transacted.</span>
7 0
3 years ago
Management of a close corporation often resembles that of a______, but a corporation must meet the statutory requirements to rem
Reika [66]

Answer:

Explanation:

The statement in the question is not complete and should be the following with each of the answers provided being part of the statement like so,

Management of a close corporation often resembles that of a Partnership , but a corporation must meet the statutory requirements to remain a corporation. Often, shareholders in a close corporation restrict the transferability of shares. If a majority shareholder misappropriates company funds, the normal remedy for the other shareholders is to have their shares appraised to determine value and then receive that value.

8 0
3 years ago
Crosby contracts with Subban whereby Crosby agrees to sweep Subban retail shop at the end of each work day. Before the first pay
Alchen [17]

Crosby signs a contract with Subban and agrees to meet at Subban's business at the conclusion of each work day, before the first payment is due, and then files a lawsuit against Subban, claiming that the license is unenforceable because the license's objective is to protect the public.

<h3>What is contract?</h3>

A contract is the legal agreement between the two parties. It contains all the essentials of section 10. On the breach of such contract, the party who break the contract will be punishable under the act.

Crosby and Subban have a contract in which Crosby agrees to sweep Subban's retail store at the end of each work day. Subban discovers Crosby is unlicensed before the first payment is due.

All retail floor sweepers in Florida are required to be certified and pay annual dues.

As a result, Subban does not compensate Crosby for his efforts. When Crosby s pursues a breach of contract complaint against Subban to court, the judge will conclude the contract is invalid since the purpose of the license is to protect the public.

Therefore, the contract is unenforceable.

Learn more about the contract, refer to:

brainly.com/question/2669219

#SPJ1

4 0
2 years ago
I'maGoldMiner has benefited from a record rise in gold prices in the global commodities market. While the price of its output is
neonofarm [45]

Answer:

a) must accept market price for its physical capital inputs.

Explanation:

The price of gold in the commodity market is being influenced by market speculation.  Market speculation implies investors are trying to profit from the changing prices of gold.  When the market is active, the price of gold will be moving up and down depending on demand.

The current prices are high is a motivation to sell. For I'maGoldMiner to profit from the current high prices, it must continue with production. In the event the prices of physical capital inputs change, the company must accept the new prices.  The high selling prices will assist the company in absorbing any changes input costs. That way, the company will maximize on the current high prices.

3 0
3 years ago
A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per un
harina [27]

Answer:

Cost of goods sold= $133

Explanation:

Giving the following information:

A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory.

Cost of goods sold= 7*14 + 5*7= $133

7 0
3 years ago
Other questions:
  • The terms “production-oriented leaders” and “employee-oriented leaders” are associated with which research effort to identify th
    7·1 answer
  • Karen’s monthly cell phone bill is $75. What type of budget item would her cell phone bill be?
    11·2 answers
  • The company purchases equipment with cash - The Equity account does the following:
    5·1 answer
  • Which of the following would not be used to pay for previous credit purchases under the periodic system?
    14·2 answers
  • Chinchilla, Inc. uses activity-based costing. The company produces X and Y. Information relating to the two products is as follo
    12·1 answer
  • ___________-reflects the true cash position of the company, and can differ from the balance that reflects the money that the bus
    8·1 answer
  • Sally was an all-state soccer player during her junior and senior years in high school. She accepted an athletic scholarship fro
    8·1 answer
  • Batista Company management wants to maintain a minimum monthly cash balance of $19,100. At the beginning of April, the cash bala
    15·1 answer
  • Which type of text takes a larger proportion of money from people who make more money?
    11·1 answer
  • What does the Myers-Briggs Type Indicator classification of "E or I" stand for?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!