(02.01 LC)

Match each term with its description.

Match Term Definition
Demand A) Amount of money left over after the business pays its expenses.
Price B) The production, purchase, and sale of goods in a world.
Profit C) The amount paid for goods or services.
Competition D) The number of goods and services that consumers want to buy.
Global economy E) Rivalry in supplying or acquiring an economic service or good.

Answers

Answer 1

Answer:

See below

Explanation:

Demand A): The number of goods and services that consumers want to buy. Demand is computed in relation to a specified price per period.

Price B): The amount paid for goods or services. In most cases, price is the monetary value attached to an item.

Profit C): Amount of money left over after the business pays its expenses. Profits are achieved when revenues or income are more than the costs.

Competition D): Rivalry in supplying or acquiring an economic service or good. Businesses compete to gain customers, a bigger market share, and more profits.

Global economy E) The production, purchase, and sale of goods in a world. Technological and infrastructure development has made trading in the world much easier and faster.


Related Questions

Which of the following is the appropriate rank of sectors (from lowest to highest percentage) of the U.S. Gross Domestic Product (GDP)?


agriculture, services, industry

agriculture, industry, services

industry, agriculture, services

services, industry, agriculture

Answers

Answer:

B). Agriculture, Industry, Services.

Explanation:

The United States is a highly developed country owning a mixed economy. Its GDP and net wealth makes it the largest economy of the world. The economy of the United States in divided into three major sectors i.e. Agriculture or the primary sector, the Industrial sector, and the service sector. The service sector contributes most to the US economy with 68% of its contribution. The primary sector contributes 5.4% to the GDP and the industry with 26.6% of its contribution to the development of U.S. economy. Thus, option B is the correct answer.

The ____ section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.

Answers

The statement of work section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.

I hope this helps :)

Which benefit is shared by both Monopolies and Oligopolies?

A. They drive down prices by competing for the same customers.

B. They are highly regulated by the government groups that control them.

C. They have Access to enough capital to operate in high-cost industries.

D. They provide consumers with a wide range of choices for products.

APEX​

Answers

Answer:

C. They have Access to enough capital to operate in high-cost industries.

Explanation:

Both monopolies and oligopolies have some common traits, and one of the most important ones is that they all have a large market power. Their power comes from high entry barriers to the industries in which operate in. Generally these industries are high-cost industries, e.g. it costs billions to build the electric grid of a large city. These high entry barriers decrease or virtually eliminate the possibility of competition.

Answer: They can Harm Consumers by fixing prices.

Explanation:

Just took the quiz on A_pex :) It may not be one of his choices but it could be yours :) Hope this helps, mark it the brainliest pls !

A government adopts a less progressive rate on income taxes. According to
the table, which citizen is more likely to pay a larger percentage of his or her
income in taxes as a result of this fiscal policy?
Citizens
Citizen A: A wealthy business owner
Citizen B: A poor farmer
A. Neither citizen
B. Citizen A
C. Citizen B
D. Both citizens

Answers

A wealthy business owner is more likely to pay a higher percentage of his or her income in taxes under progressive rate on income taxes.

what is progressive tax system?

Progressive tax system refers to a tax system that increases tax rate as the taxable income increases.

For example, a progressive tax system would increase the tax rate from 3% to 20% if the income bracket of the individual increases.

Therefore this type of tax system favors individuals in lower income bracket as they pay less with respect to percentage of their income when compared to wealthy individuals

Please read more about progressive rate on income taxes here:

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Answer:

its citizen B

Explanation:

took the test

Economists occasionally speak of "helicopter money" as a short-hand approach to explaining to increases in the money supply. suppose the chairman of the federal reserve flies over the country in a helicopter dropping 10,000,000 in newly printed $100 bills (a total of $1 billion). by how much will the money supply increase if, holding everything else constant

Answers

Answer and Explanation:

a. In case when the new bills are kept by the people so the supply of money would be increase by a very similar amount as it was dropped off the plane. That's because the banking is not in the image, so there is no impact on the money multiplier.

b. If the amount is deposited in the bank, the cash supply would rise with the money multiplier being taken into account. Money Multiplier = Deposited currency / reserve ratio. The overall supply of money that will raise be 1 billion / 0.1.

c.Again, if a 100% reserve banking is exercised by the bank, so the boosted money supply would be the same value as it has been deposited.

d. If half of the value is held by the public and half of the value is deposited with the bank at 10% of the reserves, the supply of money rises by half of the amount which is held by the public in addition of half of the value / reserve ratio that is 10%.

Open market operations refer to which action by a central bank?
A. Regulating the amount of money banks hold in reserve
O B. Changing the price banks pay to borrow money
O C. Buying and selling treasury securities
O D. Adjusting interest rates on stock markets

Answers

Answer:

B so it said 20 characters tooblong and dont copy th rokffkmf

Answer:

C: Buying and selling treasury securities

Explanation:

Apex, hope it helps ;)

who is the author of "A love story and the three purple hearts?'

Answers

Iris Zenia Solorio? It was pretty recent
Iris Zenia Solorio is the author

You are going into business with 4 equal partners (not counting yourself). If in 6 years, the business is making a profit of $1,000,000, what is your share?

A. $180,000
B. $190,000
C. $200,000
D. $210,000

Answers

Answer:

The answer is C

Explanation:

I got the answer right lol

Equal amount in 5 division of $1,000,000 is $200,000 so our profit is $200000 therefore option (C) will be correct.

What is the arithmetic operator?

Arithmetic operators are four basic mathematical operations in which summation, subtraction, division, and multiplication involve.,

Division = divide any two numbers or variable called division.

For example 4/8

Profit of business =  $1,000,000

Total partner = 4 + 1(ourselve) = 5

Share per partner = Profit of business / total partner

Share per partner = 1000000 / 5 = $200,000

Hence "Equal amount in 5 division of $1,000,000 is $200,000 so our profit is $200000".

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does non traditional careers for men mean job for women?
and does non traditional careers for women mean job for men?

Answers

I’m not really sure what you mean by non traditional but i suppose it’d make the work place inclusive/diverse if men and women started working ‘non traditional’ jobs (:

What is product positioning?

Answers

Answer:

Product positioning is a form of marketing that presents the benefits of your product to a particular target audience

Answer:

Description Positioning refers to the role that a brand occupies in the minds of the consumers and how it varies from the competitors' goods and from the brand recognition concept.

Explanation:

what policy is a way the SEC protects investors

Answers

Requiring companies to disclose financial information.

Wright Company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of business on May 31. The May 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $5,700. May 31 cash receipts of $6,300 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $410 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $580 NSF check from a customer; the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information.

Answers

Answer:

Cash account reconciliation:

Cash account balance                                $27,700

subtract bank fees                                           ($110)

subtract NSF check                                       ($580)

Reconciled balance                                    $27,010

Bank account reconciliation:

Bank account balance                               $26,000

subtract outstanding checks                     ($5,700)

add deposits in transit                                 $6,300

add error with Smith Company check            $410

Reconciled balance                                    $27,010

True or False: when writing a check, it is not necessary to fill in the Memo line. *

True
False

Answers

Answer:

true

Explanation:

It's not essential that you fill out this field, since it isn't required to cash or deposit the check. But entering a memo can help you and the recipient keep clear records.

1.Under the Uniform Commercial Code, contracts for the sale of goods are subject to an implied promise, called a(n)____, that the good are suitable for the specific purpose for which they are bought.

2.Each state has a statue of____ that outlines the requirements for forming each contract.

3.The Uniform Commercial Code controls contracts

4.Generally, a state's statute of frauds will cover____ types of contracts.

5.A(n) _________ contract is formed when the executor or administrator of a person's estate promises to pay off owed debt with their personal funds

6.When one party in a contract agrees to release the other party from performance and enters into a new contract with another party, this is known as

7.if the sales price for an item is_____ or more, the contract should be in writing.

8.On March 1, a woman sees a car with a "for sale" sign and telephone number to call. She investigates the car and its value. She telephones and states she will pay $4000 if she can have the car by March 31. Her telephone conversation with the seller is

9.The Uniform Commercial Code applies to contract issues related to

10.____ is the item that's bargained for in a case of agreement.

Answers

Answer:

1.implied warranty of fitness for particular use

2.frauds

3.for the sale of goods

4.six

5.agreement to answer for a debt of decedent

6.novation

7.$500

8.an offer

9.the sale of goods

10.Consideration

Explanation:

UCC comprises clauses for product sales, commercial paper, bank deposits and collections, bulk transfers, investment securities, and secured transactions.

What is the Uniform Commercial Code?

All business transactions in the United States are governed by the Uniform Commercial Code (UCC), a comprehensive body of legislation. It is a uniformly enacted state law rather than a federal one.

A variety of commercial contracts, including those involving the sale of commodities, lease of products, use of negotiable instruments, banking transactions.

Letters of credit, papers of title for goods, investment securities, and secured transactions, are governed by the Uniform Commercial Code (UCC).

Therefore, there is an implicit warranty of fitness for a particular application, ensuring that the goods are appropriate for the intended use.

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Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product?
Jonathan plays the role of a
in the advertising process for the product.
who ever gets this right will be brainlist and 10 points

Answers

Answer: vendor

Explanation: right on Plato

Answer:vendor

Explanation:

Workers are responsible for the production of goods in a business,

but business owners exploit their workers.

A) Workers should revolt,

B) take over the businesses,

C) set up a government to run the economy on their behalf.

Which political thinker would be most likely to agree with this statement

Answers

Answer:

Karl Marx

Explanation:

Many people only remember Marx for his theories about extreme socialist governments that eventually led to communism in other parts of the world. But he actually did understand how capitalism worked, added value theories, the way capital ($) worked, and he believed that capitalism was a necessary stage in the development of society. As an economist he was brilliant, but then he turned into a sort of philosopher.

Problems started when he said that after capitalism had led to an unprecedented economic growth, then it would be time for the workers (proletariat) to take over and lead economic systems. This rule by the working class would eventually lead to a fair society where everyone would be able to prosper.

Marx's economic theories are utopian, they call for a nearly perfect world, but humans aren't perfect. If you like Star Trek, you should recall that the world runs just like Marx wanted to. The economy and living conditions are based solely on your work, that is why the world was able to unite under one single federation. But as much as I would really like to travel at warp speed, it is not possible, and I really doubt that Marx's ideas are possible either.

Consumer behavior is the way that forces shape people's
A. goods and services
B. place and time utility
C. culture and society
D. activities related to buying

Answers

Answer:

D. activities related to buying

Explanation:

Consumer behavior study how individuals and organizations select the goods and services they opt to buy. It tries to understand consumers' motivation, psychology, and behavior as they select preferred goods and services. Consumer behavior is broad and complex. Some of the answers it seeks are

1. How consumers think and choose between various options

2. The behavior of consumers while shopping

3. How the environment (peers, culture, media, social media) influence social media

Imagine that Art’s Flower Shop has blossomed into a large, sophisticated corporation, that advertises in the yellow pages and also spends thousands each year in its online advertising. Imagine also that the local government has required advertising services to buy a license, to raise money for the city.

Answers

Answer:

1)B. that the printer's conduct was gross negligence

2)D. No, because Art's is the party trying to enforce the contract

Explanation:

Imagine that Art’s Flower Shop has blossomed into a large, sophisticated corporation, that advertises in the yellow pages and also spends thousands each year in its online advertising. Imagine also that the local government has required advertising services to buy a license, to raise money for the city.

1)In order to win its case, Art's will have to prove __________

A. that its business suffered hugely when the yellow pages ad was omitted

B. that the printer's conduct was gross negligence

C. that flowers are important to the public welfare

2)If the yellow page printer does not have an advertising license, can it argue that it is not liable because it had no contract at all with Art's? ______________.

A. Yes, because it had no license

B. No, because the license is merely to raise money for the city

C. Yes, unless it had submitted an application for license and the application was pending

D. No, because Art's is the party trying to enforce the contract

D. No, because Art's is the party trying to enforce the contract

We are informed about an Art’s Flower Shop that has blossomed into a large, sophisticated corporation, that advertises in the yellow pages and also spends thousands each year in its online advertising. Imagine also that the local government has required advertising services to buy a license, to raise money for the city.

1) In order to win its case, Art's will have to prove that the printer's conduct was gross negligence.

gross negligence is when something, legal obligation, someone, lack maintainance, care. Or there is voluntary disregard. Therefore, if he want to win the case he has to prove that the printer's conduct was gross negligence.

2)If the yellow page printer does not have an advertising license, can it argue that it is not liable because it had no contract at all with Art's?

There is no argument that can be won here because, the enforcement of the contract is from the Art itself.

Simon has a $250,000 life insurance policy with City Life. He has had this policy for many years, and all of the premiums have been paid. He no longer needs to make any payments in order to keep the policy in effect. Simon named his brother, Leo, as the beneficiary of the policy. Leo needs $50,000. Leo knows about the insurance policy, and that it is fully paid. Rather than take out a loan, he contacts City Life and asks for $50,000 as an advance against the full amount of the policy that will be due to him. What is City Life likely to do?

Answers

Answer:

The correct statement will be "Not give Leo the money since Leo is not vested".

Explanation:

Simon wanted to purchase a city life insurance package. Under that same agreement arrangement, Simon has compensated have all premiums owed. As that of the beneficiary including its scheme, Simon designated his brother, Leo.

Leo requires 50,000 dollars. He reaches the urban environment instead of accepting a mortgage as well as demands for the amount owed including its gain that would accumulate to him following his brother's passing.

The remaining amount through Life insurance policies can only be compensated on Simon's death and nobody even, particularly Simon and his brother Leo, seems to have the authority to charge any compensation payout against that kind of policies especially given the fact that almost all the contributions have been compensated.

So the above is the right approach.

The employment process is carried out by which department?

Answers

Answer:

The hiring process is the process of reviewing applications, selecting the right candidates to interview, testing candidates, choosing between candidates to make the hiring decision and performing various pre-employment tests and checks.

Explanation:

The employment process is carried out by Human Resources (HR) division manages the hiring procedure is department.

The HR department is in charge of handling the entire employee life cycle, which includes hiring, onboarding, training, terminating, and providing benefits to employees.

Reviewing applications, identifying the best applicants for interviews, testing candidates, deciding amongst candidates to hire, and carrying out different pre-employment exams and inspections are all part of the hiring process.

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Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 1,500 Materials costs $ 7,900 Conversion costs $ 3,200 Percent complete with respect to materials 55 % Percent complete with respect to conversion 25 % Units started into production during the month 7,400 Units completed and transferred to the next department during the month 6,600 Materials costs added during the month $ 111,000 Conversion costs added during the month $ 84,100 Ending work in process inventory: Units in ending work in process inventory 2,300 Percent complete with respect to materials 70 % Percent complete with respect to conversion 55 % The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to

Answers

Answer:

$174,781.20

Explanation:

I will do the calculations in 3 stages. You won`t go wrong if you follow these.

Equivalent UnitsTotal Unit CostTotal Cost to be transferred to next department

Calculation of Equivalent Units of Production with respect to Raw Materials and Conversion Costs

1. Raw Materials

Ending Work In Process Inventory (2,300 × 70 %)                          =  1,610

Completed and Transferred to Finished Goods (6,600 × 100%)   = 6,600

Equivalent Units of Production with respect to Raw Materials       = 8,210

2. Conversion Costs

Ending Work In Process Inventory (2,300 × 55 %)                           = 1,265

Completed and Transferred to Finished Goods (6,600 × 100%)    = 6,600

Equivalent Units of Production with respect to Conversion Costs = 7,865

Calculation of Total Unit Cost of Production with respect to Raw Materials and Conversion Costs.

Unit Cost = Total Cost (Beginning + Current) ÷ Total Equivalent Units

1. Materials

Unit Cost = ( $ 7,900 + $ 111,000) ÷ 8,210

                = $14.482 (3 decimal places)

2. Conversion Cost

Unit Cost = ( $ 3,200 + $ 84,100) ÷ 7,865

                = $12.00 (3 decimal places)

3. Total Unit Cost

Total Unit Cost = Materials + Conversion Costs

                         = $14.482 + $12.00

                         = $ 26.482

Calculation of total cost of units completed and transferred from the first processing department to the next processing department

Total Cost = Units Completed and Transferred × Total Unit Cost

                 = 6,600 × $ 26.482

                 = $174,781.20

Claims for future collection from customers

Answers

Answer:

Accounts receivable

Explanation:

Accounts receivable is an account that records money that customers owe a business. It represents money that a business expects to collect from customers for goods and services already delivered, but payment is not yet made.

Accounts receivable are treated as currents assets. The business expects to collect the money within the financial year. Account receivables arise when the business sells goods or services on credit.

what are expenses from those:
1. premises
2. Machinery
3. Rent received
4. Advertising
5. Motor Vehicle
6: Motor expense

Answers

Advertising
Motor Expense

You earn $50,000 per year, and paid 10 percent in taxes this year. The government increased the tax rate to 20 percent for next
year. Which amount will you pay in taxes next year?

A) $1,000
B) $2.000
C) $5,000
D) $10.000

Answers

Answer:

D. $10,000

Explanation:

The answer is D because as you earn $50,000 every year, and for the next year the tax rate is 20%, 20% of $50,000 is $10,000. Hope it helps!

Which of these career clusters sound most interesting to you? Check all that apply.


Finance

Government and Public Administration

Health Science

Hospitality and Tourism

Human Services

Information Technology

Answers

Answer:

buddy thats ur opinion

Explanation:

same as up

The most interesting career clusters are given below.

FinanceGovernment and Public AdministrationHealth Science

What is a Career Cluster?

A career cluster is group of careers that proportion commonplace functions. If you like one job in a cluster, you can like others in that cluster as nicely.

What are the top career clusters?

Agriculture, Food & Natural Resources.Architecture & Construction.Arts, Audio/Video Technology & Communications.Business, Management & Administration.Education & Training.Finance.Government & Public Administration.Health Science.

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True or false: Good intuition is just as important as good research. NEED ANSWERS FAST

Answers

Answer:

True

Explanation:

I jus got 100% on the quiz.

Which function is used to add a range of cells

Answers

Explanation:

You can use AutoSum to quickly sum a range of numbers in a column or row

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000. If uncollectible accounts are estimated to be 0.5% of sales, what is the amount of the bad debts expense adjusting entry? A. $4,625 B. $3,960 C. $5,290 D. $4,750 E. $4,825 57,1 17.

Answers

Answer:

A. $4,625

Explanation:

Items                                            Amount

Sales                                             $925,000  

Uncollectible percentage              0.50%    

Amount of Bad debts expense  $4,625  

($925,000 * 0.50%)

The amount of the bad debts expense adjusting entry should be considered as the option A. i.e. $4,625.

Calculation of the amount of the bad debts expense:

Since

Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000.

And, there is uncollectible accounts are estimated to be 0.5% of sales

So, here the bad debt expense should be

= 0.50% of $925,000

= $4,625

hence, the option a is correct.

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cookiesamichael12345678

Answers

Answer: ?

Explanation:

Girl what does that mean, either you can count right or thats a username

Can someone help me solve this like atleast give 50$ 75$ I’ll give you 100 points or brainlist I’ll work for the 100 points don’t answer if wrong

Answers

I do my lil dance dance

They do it nasty

She tell me

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