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3 years ago

14

A closed economy a. does not engage in international borrowing or lending. b. does not engage in international trade of goods an

d services. c. both a and b d. engages in international borrowing and lending.

1 answer:

Assoli18 [71]3 years ago

5 0

Answer is C. both A) and B)

Because closed is nothing which mean you not gain the money so however, it is closed economy

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Project teams are formed to Multiple Choice take on "one-time" tasks that are often complex and require input from members with

AlladinOne [14]

Answer:

take on "one-time" tasks that are often complex and require input from members with different types of training and expertise.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Basically, it is very important and essential that project managers in various organizations, businesses and professions form a project team, so as to successfully achieve their aim, objectives and goals set for a project.

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

Hence, project teams comprises individuals or group of people that come together as a unit to take on "one-time" tasks that are generally considered to be often complex and as such would require input from members with different types of training, skills, knowledge competence and expertise.

4 0

2 years ago

Diaz Company owns a milling machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record

nadya68 [22]

Answer:

1) loss at disposal 68,000 debit

accumulated depreciation 182,000 debit

milling machine 250,000 credit

2) loss at disposal 33,000 debit

cash 35,000 debit

accumulated depreciation 182,000 debit

milling machine 250,000 credit

3)

cash 68,000 debit

accumulated depreciation 182,000 debit

milling machine 250,000 credit

4) cash 80,000 debit

accumulated depreciation 182,000 debit

gain at disposal 12,000 credit

milling machine 250,000 credit

Explanation:

the book value is the same for all alternatives:

cost - accumualted depreciation

250,000 - 182,000 = 68,000 net book value

1) as there is no salvage value all the book alue is considered loss at disposal

from #2 to #4 we recieve cash for the milling machine to determinate the loss/gain we need to do as follows:

proceeds less book value = result (gain if positive loss if negative)

2) 35,000 - 68,000 = -33,000

3) 68,000 - 68,000 = 0

4) 80,000 - 68,000 = 12,000

8 0

3 years ago

Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). H

Aleks [24]

Answer:

The correct option is Dana might be indifferent between C, A, and B.

Explanation:

Note: See the attached photo for the indifference curve showing points A, B and C.

The answer can be explained using an indifference curve.

An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.

In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.

Therefore, the correct option is Dana might be indifferent between C, A, and B.

4 0

3 years ago

Only old people who needs to know about Social Security

svet-max [94.6K]

Answer:

No

Explanation:

5 0

3 years ago

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una

ValentinkaMS [17]

Answer: $5,440

Explanation:

When using the percent of sales method to determine bad debts, the company estimates a percentage that it believes will results in uncollectible debt and then applies it to the sales/revenue figure. The figure that is calculated is then debited along with the debit balance on the Allowance for doubtful accounts to the Bad debts account for the year and credited to the Allowance for doubtful accounts.

This company estimates that they will have 0.6% of credit sales uncollectible.

There are also $790,000 in sales of which all are on credit.

The Uncollectible estimate is therefore,

= 790,000 * 0.6%

= $4,740

This figure is then added to the debit amount on the Allowance for Uncollectible Accounts.

= 4,470 + 700

= $5,440

Note; A debit balance on the Allowance for doubtful debt account signifies that the bad debts were higher than anticipated the last time. This is why the figure is added to the current bad debts expense.

6 0

3 years ago