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stealth61 [152]
2 years ago
14

An economy is best described as a system where

Business
2 answers:
natka813 [3]2 years ago
8 0

It is defined as the country's state on how it handles its activities such as money supply, resource allocation, and production and distribution of services to ensures human wants and needs have been met. Furthermore, the basic economic systems include traditional, mixed, market and command economy.

dimulka [17.4K]2 years ago
4 0

Answer:

Resources are used to produce goods and services to meet the needs and wants of society.

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Condensed financial data are presented below for the Phoenix Corporation:
dybincka [34]

Answer:

profit margin 7.77%

<em><u>Interpretation: </u></em> from evey dollar of sales the firm achieves almost 8 cent of net income

inventory turnover ratio 3.45

<em><u>Interpretation: </u></em>the inventory is sold 3 and a half times during the year

Explanation:

the profit margin is the quotient between net income and sales.

\frac{net \: income}{sales} = $profit margin

127,500 / 1,640,000 = 7.77%

the inventory turnover wil be the cost of good sold over the average inventory during the year

(312,500 + 257,500)/ 2  = 285,000

982,500 / 285,000 = 3,447368421

6 0
2 years ago
An unfavorable materials quantity variance indicates that: select one:
Verizon [17]
<span>c. actual usage of material exceeds the standard material allowed for output.</span>
3 0
3 years ago
A Japanese investor can earn a 1 percent annual interest rate in Japan or about 4.1 percent per year in the United States. If th
Whitepunk [10]

Answer: 97.99

Explanation:

The one-year forward rate that an investor would be indifferent between the U.S. and Japanese investments will be:

= Spot rate × (1 + Japanese rate / 1 + U.S rate)

= 101 × (1 + 1% / 1 + 4.1%)

= 101 × [(1 + 0.01) / (1 + 0.041)]

= 101 × (1.01/1.041)

= 101 × 0.9702209

= 97.99

4 0
2 years ago
Which of the following is an example of an operational risk for a company that manufactures automobiles?A. A state tax increase
Vedmedyk [2.9K]

Answer:C. Damage to completed cars held on a storage lot

Explanation:

Operational risk are the hazards and the uncertainties that are faced by companies in the day to day activities. It may be caused as a result of system failure or manufacturing components.

An example of operational risk for a company that manufactures automobiles would be damage to completed cars held on a storage lot.

7 0
2 years ago
This theory views shocks to tastes (workers' willingness to work, for example) and technology (productivity) as the major drivin
katrin2010 [14]

Answer:

The answer to this question is option C  Real Business Cycle theory

Explanation:

The Real business cycle theory is the theory that views hocks to tastes (workers' willingness to work, for example) and technology (productivity) as the major driving forces behind short-run fluctuations in the business cycle because these shocks lead to substantial short-run fluctuations in the natural rate of output.  

Real business cycle models state that macroeconomic fluctuations in the economy can be largely explained by technological shocks and changes in productivity. These changes in technological growth affect the decisions of firms on investment and workers (labour supply)

Hence the answer is option C  Real Business Cycle theory  

5 0
3 years ago
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