Answer
Retained earnings at the beginning of Year 2 was: $1,450
Explanation
Revenue = $2,100
Retained Earnings Closing Balance = $1,850
Expenses = $1,150
Dividends = $550
Retained Earnings Closing Balance = Revenue - Expenses - Dividends + Retained Earning Beginning Balance
$1,850 = $2,100 - $1,150 - $550 + Retained Earning Beginning Balance
Retained Earning Beginning Balance = $1,450
Answer:
scarcity.
Explanation:
Scarcity can be defined as an economical problem that gives the relationship between non-renewable (limited) resources and the limitless wants and needs of consumers.
Basically, it's very important that producers of goods and services make decisions that would help them on how to efficiently allocate scarce or limited resources, in order to meet the unending requirements, wants and needs of consumers.
In Economics, an example of scarcity is that most of the resources used for the manufacturing of finished goods and services are nonrenewable, and as a result, the wants and needs of the end users or consumers are limited. Thus, economists would advise that economies should decide on what to produce, how to produce, when to produce and for whom to produce due to the finite and limited nature of resources i.e the concept of scarcity.
Answer:
trademark
Explanation:
A trademark is a property which is intellectually a sign or a design which helps in the recognition of the product. The design or sign which particularly defines and helps in the identification of a product is said to be a trademark of a product. A trademark can be found on the location of the packaging, label or the product. Legally, it is recognized as intellectual property.
Answer:
<u><em></em></u>
- <u><em>The planet is Earth</em></u>
Explanation:
<em>1. Equation (given)</em>:
2. Solve by applying division property of equalities: divide both sides by 5.5
The equation gives the length in hours of a day, then the solution h = 24.0 means that the length of the day on the planet is 24.0 horas.
The table is:
Length of Day
Planet Length of Day (hours)
Earth 24.0
Mars 24.7
Jupiter 9.9
Therefore, the solution h = 24.0 shows that the planet is Earth.
Answer:
The correct answer is the option D: is equally price inelastic in both the short run an long run as there are not many substitutes for crude oil.
Explanation:
To begin with, the concept called <em>''price elasticity of demand''</em> in the field of economic, refers to the variation that happens in the quantity demanded of a product when its price changes. Moreover, this theory establishes that goods could be either price elastic or price inelastic. In addition to that, the products that are price elastic are the ones whose quantity demanded changes when a variation in its price occur, meanwhile <u>the products that are price inelastic are those whose quantity demanded do not changes when a variation in its price happen</u>.
In conclusion, the demand for crude oil is equally price inelastic in both the short and long run as there are not many substitutes for crude oil and <u>therefore the people will still continue to consume it no matter how many changes in its price will happen, due to its uniqueness.</u>
