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2 years ago

6. Give a reason why economic interdependence can benefit economies.

1 answer:

8 0

Answer: Why Does Interdependence Bring Economic Growth? With economic interdependence comes economic growth. This affiliation allows specialist industries to thrive. And, the success can lead to job and wage/salary increases and an overall improvement to wealth and lifestyle.

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Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the year and a balance of

Alexandra [31]

Answer:

Average Collection Period = 57.03

Explanation:

given data

Accounts Receivable beginning = $437,500

Accounts Receivable ending = $500,000

Net credit sales = $3,000,000

to find out

average collection period

solution

we get here first average account receivable that is express as

average account receivable = $\frac{437,500+500,000}{2}$

average account receivable = $468750

and we consider No of Days in a year is = 365

so Average Collection Period will be

Average Collection Period = $\frac{468750}{3000000}$ × 365

Average Collection Period = 57.03

7 0

2 years ago

W gave w's age as 50 when w purchased a life policy. at the time of w's death seven years later, the company discovered w's true

kvasek [131]

The normal procedure under the misstatement of age provision in regard to the payment of the death claim is that the procedure would be reduced based on the premium in which whatever it would have been if this has been purchased at the age of fifty nine years old.

3 0

2 years ago

Read 2 more answers

Pine Street Inc. makes unfinished bookcases that it sells for $58.10. Production costs are $37.49 variable and $10.50 fixed. Bec

love history [14]

Answer:

Pine Street should sell finished bookcases because they have a higher contribution margin.

Explanation:

We compare the contribution margin of the two categories to find out whether Pine Street should sell unfinished or finished bookcases.

Pine Street Inc.

Unfinished bookcases

Contribution Margin

Sales Price $58.10

Less Production costs

Variable Costs $37.49

Fixed Costs $10.50 (47.99)

Contribution Margin $ 10.11

Pine Street should sell finished bookcases because they have a higher contribution margin. It is almost double of the unfinished book cases contribution margin.

Pine Street Inc.

Finished bookcases

CONTRIBUTION MARGIN

Sales Price $74.91

Less Production costs

Variable Costs $37.49 + $5.79 = $ 43.28

Fixed Costs $10.50 $ (53.78)

Contribution Margin $ 21.13

4 0

3 years ago

Why banks exist as financial intermediaries.

omeli [17]

Answer:

Banks act as financial intermediaries because they stand between savers and borrowers. Savers place deposits with banks, and then receive interest payments and withdraw money. Borrowers receive loans from banks and repay the loans with interest.

Explanation:

;)

4 0

2 years ago

1-a. Assume that Andretti Company has sufficient capacity to produce 120,150 Daks each year without any increase in fixed manufa

likoan [24]

Answer:

The answer is given below;

Explanation:

The opportunity gain of investing in fixed selling expenses could be quantified by comparing with interest rates prevailing in the market.

if the net margin earned on producing extra quantity is greater than the return earned on placing funds in bank account,then it is financially viable to invest in fixed selling expenses and vice versa.

7 0

3 years ago