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
uranmaximum [27]
3 years ago
5

Suppose that an economy consists of only two individuals. Trevor has $1070 available to spend on goods. He decides to purchase $

450 worth of produce from Charlotte in the current year. No other economic activity takes place during the current year. Using this information, answer the questions. For the current year, what is the economy's income
Business
1 answer:
castortr0y [4]3 years ago
4 0

Answer:

<em>The question option are:</em>

<em>1. For the current quarter what is the economy's income? </em>

<em>2. For the current quarter, what is the economy's expenditure? </em>

<em>3. In an economy, how are income and expenditure related?</em>

1. The economy's income for the current year is $450 because there is only one transaction that take place in the year worth of $450

2. The economy's expenditure of the current year is $450 because each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.

3. In an economy, income and expenditure are related and they are equal. Each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.

You might be interested in
Casey Communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. Thi
SVEN [57.7K]

Answer:

The company's current ratio increased.

Explanation:

What would happen to this company is that the company's current ratio would increase. The current ratio refers to a ratio that measures the company's capacity to fulfill its short-term obligations, usually within a year. Therefore, this can also be considered a liquidity ratio. The way in which it does it is by comparing the company's current assets to its current liabilities. The current ration in this case would increase due to the fact that the company used the money to pay off some of its short-term notes payable.

8 0
3 years ago
Which of the following is true?
ss7ja [257]
Checks and debit cards withdraw money directly from a bank account.
3 0
3 years ago
Sweeties, Inc., manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting,
babymother [125]

Answer and Explanation:

Journal Entries to record the flow of costs into the refining department

1.

Dr Work-in process - Refining Department $369,000

Cr Materials $369,000

2.

Dr Work-in process - Refining Department $146,000

Cr Wages Payable $146,000

3.

Dr Work-in process - Refining Department $97,600

Cr Factories Overhead - Refining Department $97,600

b. Entry to record the transfer of production costs to the second department

Dr Work-in process - Sifting Department $614,400

Cr Work-in process - Refining Department $614,400

Work-in process - Sifting Department [$30,200 + ($369,000 + $146,000 + $97,600) - $28,400]

=$30,200+($612,600-$28,400)

=$30,200+$584,200

=$614,400

4 0
3 years ago
In his company's most recent downsizing, Emil was one of only five workers in his department who was not let go. Emil's employer
torisob [31]

Answer:

The correct option is: c. Mistrust

Explanation:

Mistrust or distrust is described as the <u>lack of confidence</u> in other individual or organization, experienced by an individual in case of <u>uncertainty and potential risks.</u>

In the given example, due to the reduced workforce or the downsizing of Emil's company, Emil is experiencing a lack of confidence and trust in his company.

<u>Therefore, Emil is most likely experiencing feelings of </u><u>mistrust or distrust </u><u>in the company's management.</u>

7 0
3 years ago
The CAPM/SML and Discounted Cash Flow approaches to estimating the cost of retained earnings will be the same under which of the
ValentinkaMS [17]

Answer

(A) The company's common stock price is in equilibrium.

Explanation  

The main difference between preferred and common stock is that preferred stock gives no voting rights to shareholders while common stock does. Preferred shareholders have priority over a company's income, meaning they are paid dividends before common shareholders.

8 0
3 years ago
Other questions:
  • In 2013, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 143,929,000 were employed, 11,460,000 were
    15·1 answer
  • Brandon grew up working on a farm but went to school to become an accountant. He decides to put all of his knowledge to work.
    12·1 answer
  • Peak Performance Sporting Goods Company continues to perform well in spite of an economic recession. Company executives credit t
    12·1 answer
  • Which of the following are payments to ensure receiving the standard treatment that a business ought to receive from a foreign g
    6·1 answer
  • Customers' perceptions of a product are called the product's _____.
    13·2 answers
  • What is the technique used to help groups generate multiple ideas and alternatives for solving problems
    12·1 answer
  • Tri Fecta, a partnership, had revenues of $364,000 in its first year of operations. The partnership has not collected on $46,700
    8·1 answer
  • Sources of economic growth would include an increase in:
    8·1 answer
  • Which descriptions offer examples of Management workers? Check all that apply.
    14·2 answers
  • What type of bank account is best for everyday transactions?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!