All categories

3 years ago

What is a table in economics and state 5 characteristics of a table

1 answer:

3 0

A table is a systematic arrangement of data implementing columns and rows to display information which make it easier for better understanding.

Table number: A table should always be numbered for easy identification

Title of the table

Stubs: These refer to the headings of horizontal rows.

Captions: these refer to the headings of vertical columns

Clear, to the point and a suitable font/ size for the text. Information must be inserted in the same format into the appropriate cells

You might be interested in

Stephen graduates from college and his income increases by $30,000. Nothing else changes. Stephen decreases the quantity oframen

KIM [24]

Answer: A. ramen noodles and chocolate chip cookies are inferior goods

Explanation:

Inferior goods are goods that experience decrease in demand when consumers experience increase in income.

Inferior goods has to do with social economic class, certain people at lower socio economic class go for certain goods because of its affordability not minding quality, same people might stop demanding for such good at a higher socio economic class.

6 0

3 years ago

Which typically results from the introduction of the assembly line into the production process?

raketka [301]

The answer is<u> "efficiency is increased".</u>

An assembly line is a manufacturing process in which compatible parts are added to an item in a successive way to make a final result. Much of the time, an assembling mechanical production system is a semi-mechanized framework through which an item moves. At each station along the line some piece of the generation procedure happens. The laborers and hardware used to create the thing are stationary along the line and the item travels through the cycle, from beginning to end.

5 0

3 years ago

The marketing manager for Gillette razors is attempting to determine a sales estimate for the line of products that provide men

dusya [7]

Answer:

The correct answer is letter "A": company sales potential; market potential.

Explanation:

Company sales potential is the expected amount of sales of a company given a specific sector in the market. It is presumed that the company has carried out marketing strategies and investment for the levels desired to be achieved. In the example, that level is 20%.

The market potential is the size of the market for a given product within a period of time. It is usually expressed in monetary terms since it expresses the number of sales value or volume during the period. In the example, that amount is $30 million dollars.

6 0

4 years ago

A company completes 21,000 units this month and has ending work in process inventory of 3,000 units which are estimated to be 40

Romashka [77]

Answer:

$36,000

Explanation:

The first step is to calculate the equivalent unit of work in process

=degree of completion × ending work in process

= 40/100 × 3000

= 0.4 × 3000

= 1,200

The total equivalent units of production can be calculated as follows

= 21,000 + 1,200

= 22,000 units

The cost per equivalent unit can be calculated as follows

= 660,000/22,000

= $30

Therefore the cost of ending work in process can be calculated as follows

= equivalent unit × cost per equivalent unit

= 1,200 × 30

= $36,000

7 0

3 years ago

Anything that serves as a medium of exchange is called what? 2. What is anything that is used to determine value during the exch

cluponka [151]

Answer:

money

price

unit of account

store of value

medium of exchange, unit of account, store of value

currency

it does not consume after a single-use it last through time

portability: it can be carry over at small cost it do not has to be carry in greater bulks

divisibility: it can be split into pieces (half a pound, quarter etc)

uniformity: means a pound of gold has not diffenciation of other pounds of gold

limited supply: it cannot be abundant as people would not accept as a medium of exchange as it can be obtained easily

acceptability: people trade real good and services for money as they recognize value on them

commodity money will be salt, gold, silver, tabacco whihc, historically has been used as money

representative money: the money represent or it is backed-up with a commodity or precious metal (US dollar before 1972)

fiat money will be papper money as it doesn't have an intrinsic value It comes from trust in the government that issues the money.

continentals is the papper money issued by the congress during the war for independence

Types of commodity money: gold, silver, tabacco, salt

Explanation:

3 0

3 years ago

What is a table in economics and state 5 characteristics of a table​

What is a table in economics and state 5 characteristics of a table