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Hatshy [7]
2 years ago
11

In your own words, interpret what 33% of all goods and property are owned by 1% of the

Business
1 answer:
Radda [10]2 years ago
6 0

Answer:

Explanation:

It means that there must be a huge number of people that have little or nothing.

The most recent estimate of America's population is 331,000,000 roughly

1% of the population is 331,000,000 * 1/100 = 3,310,000

So that means that 3 million people own 33% of 14 trillion in property alone. These numbers are really hard to imagine.

1 trillion has 12 zeros behind it

so 14 trillion has 12 zeros behind it.

3 million people own 1,400.000,000 = 14 000 000 000 000 dollars worth of property.

That means that each person in that group of 3 million is 1 of 14 , 000, 000 in wealth just in property alone. The goods will dilute this somewhat, but I think you get the idea.

3 million people in the United States are multimillionaires, if they own 100% of the property. Of course that isn't true, but I think it's fair to say that they are not poor either.

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Which of the following is the most accurate statement regarding the federal budget?
hoa [83]
The Federal Reserve System controls the monetary policy in the United States. They influence short-term interest rates and also determine the size of the money supply. The Federal budget is very hard to balance and <span>has been a concern and is difficult to achieve. The President sends the budget to Congress who must approve it.
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4 0
3 years ago
On November 1 of year 0, Jaxon borrowed $38,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid
andreev551 [17]

Answer:

$570

Explanation:

The computation of the interest deduction is shown below:

= Interest paid × number of months ÷ (total number of months in a year)

= $3,420  × 2 months ÷ 12 months

= $570

The interest which is deducted in year 0 under the cash method of accounting is $570

And, the two months is calculated from the November 1 to December 31

We simply apply the interest paid formula.

4 0
3 years ago
Ship Co. produces storage crates that require 34.0 meters of material at $0.20 per meter and 0.30 direct labor hours at $19.00 p
Shtirlitz [24]

Answer:

Total standard cost = $103.7

Explanation:

<em>Standard cost is the sum of the standard material cost , standard labour cost and standard overhead</em>

Overhead  = OAR × direct labour hour

               = $16 × (0.30×$19.00)= 91.2

Standard cost = (34.0×$0.20) + (0.30×$19.00) +  91.2 = $103.7

Standard cost = $103.7

5 0
2 years ago
In digital forensics, all investigations follow the same basic methodology. which of the following should be performed first in
Xelga [282]
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8 0
2 years ago
At the beginning of the current year, Snell Co. total assets were $264,000 and its total liabilities were $182,200. During the y
larisa [96]

Answer:

The company's debt ratio at the end of the current year is 66%

Explanation:

For computing the debt ratio, we need to apply the formula which is shown below:

Debt ratio = (Total liabilities) ÷ (total assets) × 100

                = ($182,200 ÷ $276,000) × 100

                = 66%

The other information which are given in the question is of no use. That's why we do not consider it. Hence, ignored it.  

7 0
3 years ago
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