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2 years ago

Economic growth refers to a steady increase in the production of goods and services in an economic system.

Business

1 answer:

MatroZZZ [7]2 years ago

3 0

Answer:

Economic growth refers to a steady increase in the production of goods and services in an economic system. True

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Which of the following, identified in an analysis of the general environment, is an opportunity for an entrepreneur who wishes t

kvasek [131]

Answer:

a. The average age of the population in his community is high.

Explanation:

As the average age of the population in his community is high, it is an opportunity for an entrepreneur who wishes to open a business providing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people because people will be more interested in the physical conditioning services and they will be attracted towards it as when the age rises, people become more interested in the health related activities, therefore, chances are very high that this will pose a serious and profitable opportunity for the entrepreneur in that particular city. He or she can definitely capture this opportunity very handsomely and profitably.

5 0

3 years ago

Accompanying the bank statement was a debit memo for an NSF check received from a customer. This item would be included on the b

Arte-miy333 [17]

Answer:

NSF check is also called bounced check, NSF stands for Non-Sufficient Funds. These checks cannot be cashed because of insufficient funds in the payer's account. A client needs to pay bank fees for negotiating a check with non- Sufficient funds. All the banks charge a fee for the bounced check. In case of non sufficient funds, there is deduction from the balance as per the banks statement.

7 0

3 years ago

Name the one sport in which neither the spectators nor the participants know the score or

GaryK [48]

Answer:

Boxing

Explanation:

5 0

3 years ago

National Chemical Company manufactures a chemical compound that is sold for $55 per gallon. A new variant of the chemical has be

shepuryov [24]

Answer:

National Chemical Company

New Variant of a Chemical Compound:

The effect on total profit if National produces the new compound variant is that total profit increases by $33,200

Explanation:

a) Data:

Selling price of old chemical = $55

Selling price of fined chemical = $78

Initial demand for the new compound = 8,300 gallons

Refining costs for the new compound = $157,700

b) Calculations:

Profit from new fined chemical = $23 ($78 - 55)

Differential Sales revenue = $190,900 ($23 x 8,300)

Differential processing costs $157,700

Effect on total profit = $33,200

c) Refining a chemical always add some value to the chemical. The additional value added is the differential sales revenue that National generates minus the additional processing costs involved to get the chemical refined.

8 0

3 years ago

On July 31, year 2, Tern Co. amended its single employee defined benefit pension plan by granting increased benefits for service

san4es73 [151]

Answer:

Options Include:

1. Years before Year 1 only.

2. Year 1 only.

3. Year 1 and years before and following Year 1.

4. Year 1 and following years only. is Correct

Explanation:

Prior cost of service is acknowledged whenever a contract is changed to provide added benefits for services previously received by workers.

The amortization of the prior service expense must be acknowledged as an element of the retirement cost during the future service periods of all those workers whom are active on the date of the plan modification and are entitled to receive rewards under the Scheme.

Therefore, prior service costs are expressed throughout the financial statements for Year 1 once the plan was modified and even in the years that follow when it is amortized.

4 0

3 years ago