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2 years ago

How is economy affected by wise consumers?

1 answer:

3 0

Consumers participate in, help guide and are ultimately some of the benefactors of the invisible hand of the market. Through competition for scarce resources, consumers indirectly inform producers about what goods and services to provide and in what quantity they should be provided.

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The employees of Carlofen, a cell phone manufacturer, raised a concern to their management about their poor pay and excess workl

a_sh-v [17]

Answer: Organization decline

Explanation: The organization inability to address the complain of its staff welfare and not being considerate with work load led to the resignation of her staff, this is known as organization decline. This affects the performance of the company especially when the company are not able to employ capable hands immediately after the resignation of it's employees for the main time, also the employees which are employed won't settle immediately for the job as it would take them time to understand their roles properly, all this factors would lead to organization decline.

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2 years ago

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The following are the typical classifications used in a balance sheet:

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Answer:

a. Current assets

Allowance for uncollectable accounts

Inventories

Prepaid rent for next 9 months

Cash

b. Investments and funds

Investment in xyz corporation

c. Property, plant, and equipment

Equipment

Land in use

Building in use

d. Intangible assets

Patents

e. Other assets

Land held for investment

f. Current liabilities

Accounts payable

Deferred rent revenue for the next 12 months

Notes payable due in 6 months

Accrued liabilities

Taxes payable

g. Long-term liabilities

Notes payable due in 5 years

h. Paid-in-capital

Common stock

i. Retained earnings

Income less dividend accumulated

Explanation:

A Balance Sheet shows the balances of Assets, Liabilities and Equity as at the reporting date.

Assets

There are two major asset categories which are Current Assets and Non- Current Assets. Current Assets are assets not exceeding 12 months examples are Inventories and Cash. Whilst Non-Current Assets are assets exceeding a period of 12 months examples are Property, Plant and Equipment items such as Land, Investments and Intangible Assets

Liabilities

There are two major asset categories which are Current Liabilities and Non- Current Liabilities. Current Liabilities are liabilities due to be paid within a period not exceeding 12 months examples are Accrued liabilities and Accounts payable. Whilst Non-Current Liabilities are assets liabilities payable in a period exceeding 12 months examples are Notes payable due in 5 years.

Equity

We have Paid In Capital such as Common Stock and Retained Earnings comprising of Profits and dividends.

Classification of items as will be shown in the balance sheet will be done as above.

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3 years ago

If a Canadian NHL team receives its revenues in Canadian dollars, but must pay its players in U.S. dollars, a weakening of the C

balandron [24]

Answer:

b.) The team's costs to increase

Explanation:

Nominally, revenues will be the same in Canadian dollars, because the Canandian dollar has become weaker against the U.S. dollar, but that does not necessarily mean that it has lost value in Canada itself.

However, now the NHL team will have to change more Canadian dollars for the same amount of U.S. dollars in order to pay its players, causing the team's wage costs to rise.

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2 years ago

Parkway Distributors is a wholesale firm that employs several outside salespersons. Emily, a salesperson employed by Parkway Dis

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Answer:

i do not know the answer of this question

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3 years ago

If the price of a soda was 15 cents in 1970, when the cpi was 50, and 50 cents in 2007, when the cpi was 172, then

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Answer:

It then means that there was an increase in price of $0.35 and an increase in the Consumer Price Index of 122 of Soda after 37 years for inflationary reasons.

Explanation:

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

Solution

CPI = New Price/ Old Price

Where:

Old Price = $0.15

New Price = $0.50

∴ = 0.50/0.15

CPI = 3.33

Then there was no significant rise on inflation since the CPI for 37 years was 3.33

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3 years ago

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How is economy affected by wise consumers?​

How is economy affected by wise consumers?