When competition is present and property rights protected and enforced, market prices will encourage self-interested individuals to develop skills that are expected to be valuable in the future. A system of well-defined, secure private property rights promotes economic performance and progress.
Climate Change is the first trend that is expected to cause more natural disasters. This has been facilitated by global warming caused by increased green house gases. Food prices are expected to rise due to high temperatures that has affected corn and soybean. Floods and storms are now becoming unpredictable.
There is high control of oil, gas and food prices by financial markets. Commodities traders are now setting prices instead of supply and demand thus the value of dollar in under the control of foreign exchange traders.
Increasing rates of interest, where recently the Federal Reserve wants to increase the Fed fund rates to two percent point. Inflation will be at 2% and unemployment at 4% thus this will show <u>a no falling to recession situation</u> which will allow Fed to keep increasing rates.In the long run cost of loans will rise.
Other trends to notice are;the decline in global economic power of the U.S and the fact that the U.S economy is current in the expansion phase of the business cycle.
Trains are more efficient because they can carry many more goods than a truck can. In addition, they are faster because they go directly from one station to the next, without the worry of traffic.
Answer:
33.18 days
Explanation:
Sales = $161,000 / 0.076
Sales = $2,118,421
Credit sales = 66% * Sales
Credit sales = 66 % * $2,118,421
Credit sales = $1,398,158
Receivable turnover = Credit sales / Account receivable balance
Receivable turnover = $1,398,158 / $127,100
Receivable turnover = 11 times
Days sales in receivable = 365 days / 11
Days sales in receivable = 33.18 days
