The study of economics focuses most on...
A. all of the above
B. explaining how people deal with scarcity
C. explaining how incomes are earned and jobs are created
D. studying how things are made bought, sold, and used
In certain economy pple save part income in financial sector and use remaining part for consumption the govt decides to increse tax rates for evryone in that economy what effects will the tax increase have on savings and invwestment in the economy
Answer: Savings decrease, and investment decreases
Explanation:
A tax is referred to as a levy which is imposed on the people in a particular country so that the government can generate revenue.
When there's an increase in the tax rate, it simply means that the government wants to generate more money. This will have an effect on the consumption, savings and investment of the individuals in the economy as their savings will be reduced, consumption reduces and investment reduces as well.
Which of the following might a bank do to ensure customers' money stays in the bank? (Select the best answer.)
Answer:
Require minimum balances
Explanation:
What is the answer ??? 10 points
Answer:
Initial payments includes a higher amount of money being paid upfront so the amount borrowed is less.
Explanation:
A down-payment is the initial cash payments that a borrower makes when they want to borrow money to finance the purchase of an expensive good or service. The down-payment is expressed as a percentage of the total amount to be borrowed. Because the nonpayment is paid in cash, it reduces the loan amount. A down-payment reduces the lender's risk enabling them to offer loans at lower interest rates
John paid $10,000 in mortgage interest last year. He and his wife earned $150,000 from their jobs last year. Based on their circumstances, they can deduct the mortgage interest from their taxable income, meaning they only have to
pay federal income tax on what amount?
Answer:
$140,000
Explanation:
$150,000-$10,000= $140,000
Select the correct answer. Richard runs a small manufacturing business. Recently, he discovered that some of the financial transactions recorded in the account books seem misleading. He suspects that some of his employees might be misusing the business’s cash reserves. Which of these measures of internal accounting controls may Richard take to avoid such instances in the future?
A. firing all the employees in the given department
B. reducing the salaries of suspected employees
C. sanctioning financial transactions in advance in the future
D. organizing a conference to discuss such issues
Answer:
C. sanctioning financial transactions in advance in the future
Explanation:
Sanctioning a financial transaction means approving or authorizing a transaction to be executed. Requiring approval for financial transactions is one of the measures of internal control. Employees are required to seek approval from management or authorities before proceeding with transactions.
Richard should demand that he sanctions all transactions in advance. Through this measure, he will get details and explanations of financial transactions before they happen.
When are conflict resolution skills required in the consumer service industry?
A. When the customer service representative is following up with a customer after their Issue has been resolved.
B. When the customer service representative has personally offended the customer
C. Any time a customer requires assistance from a customer service representative.
D. When the customer is not in a frame of mind to begin the assessment phase of customer service.
Answer:
C
Explanation:
..
Answer:
When the customer is not in a frame of mind to begin the assessment phase of customer service.
Explanation:
What is the correct statement about regressive taxation?
O A. Your federal income tax is regressive.
B. The sales tax you pay when you fill your car up with gas is regress
You're paying a regressive tax if you pay the same percentage of
O c. income in state income tax as a person who makes four times as
you.
OD. A rental fee to use the Internet at a coffee house is a regressive t
Answer:
B. The sales tax you pay when you fill your car up with gas is regress
Explanation:
Gasoline tax is regressive because everyone regardless of their income level pay the same amount of tax per gallon of gas purchased. A progressive tax means that people that have higher incomes will pay a higher tax rate, for example, federal income taxes. Every flat tax (same percentage for everyone) is regressive.
Loan 1:
Loan Amount: $10,000
Interest Rate: 12 percent
Loan Term: 12 months
Upfront fees: $125.00
Monthly Payment: $888.49
What is the total amount paid on Loan 1?
Answer:
$10,786.88
Explanation:
The total amount paid on loan will be the sum of monthly payments and the deposit paid.
Monthly payments = $888.49 per month
Number of months = 12
Total monthly payments : $888.49 x 12= $10,661. 88
Upfront fee( deposit) $125
Loan amount
=$10,661. 88 + $125
=$10,786.88
It is a good idea to get and use an many credit cards as possible to build credit history. True False
Irving purchase a car for $5,000 his interest rate is 10% for the year how much will he pay in one year's time
Answer:
$500
Explanation:
The cost of the car is $5000
the interest is 10% per year
the interest paid in one year time will be
I= p x r x t
p = $5000; r =10% or 0.1 ;and t = 1
I = $5000 x 0.1 x 1
I= $500 x 1
Interest payable in one year is $500
what tool is used to easily clean metal scales, old paints and rust
what tool is used to easily clean metal scales, old paints and rust
Answer:
CHIPPING HAMMERExplanation:
hope it helps:)
Please help I don't understand... T_T
Emma has a summer job which pays $1,595 for the entire summer. If 23% is taken out for federal taxes, then how much is deducted?
Depreciation is recorded on the income statement as _____.
A. a revenue that reduces net income
B. an expense that reduces net income
C. a revenue that increases net income
D. an expense that increases net income
It should be noted that depreciation is recorded on the income statement as a revenue that reduces net income.
What is depreciation?Depreciation can be regarded as the diminution in the utility as well as the value that is been associated to an asset.
These fixed assets could be;
buildings furnitureoffice equipmentmachineryTherefore, option A is correct because depreciation is recorded on the income statement.
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Answer: Depreciation is an expense that decreases net income.
Explanation: Depreciation is an expense — that’s the whole point of it, it’s taking out your cost for a large expense that you use for multiple years over the lifetime of that asset, rather than all in one year. So it’s always an expense.
Any expense decreases your net income.
QED.
What is one advantage and one disadvantage of the global economy for American workers
An advantage is that American workers can be paid higher wages for the work they do which is also more specialized. A disadvantage of that at the same time is that they get less jobs in the end as its cheaper to employ workers overseas in China.
The advantage is that American workers can be paid higher and a disadvantage is that same time get fewer jobs and end up as cheap employees.
What is the global economy?A global economy is the economy of all human beings that is the world economy and refers to the global economic system that includes all economic activities that are connected within and between the nations. They include the protection, consumption, and exchange of finances.
The advantage of America is that they are paid higher as per specialisation but at the same time they have fewer jobs to offer that makes them low employees.
Find out more information about the global economy.
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11. Calculating the price elasticity of supply Felix is a stay-at-home parent who lives in Houston and does some consulting work for extra cash. At a wage of $25 per hour, he is willing to work 4 hours per week. At $40 per hour, he is willing to work 10 hours per week. Using the midpoint method, the elasticity of Felix's labor supply between the wages of $25 and $40 per hour is approximately , which means that Felix's supply of labor over this wage range is
Answer:
The elasticity of Felix's labor supply between the wages of $25 and $40 per hour is approximately 1.08.
Since 1.08 is greater 1, this means that Felix's supply of labor over this wage range is elastic.
Explanation:
From the question, we have:
New number of hours willing to work = 10
Old number of hours willing to work = 4
New wage = $40
Old wage = $25
Generally, the formula for calculating the price elasticity of labor supply is as follows:
Price elasticity of labor supply = Percentage change in hours willing to work / Percentage change in wage ................ (1)
Where, based on the midpoint formula, we have:
Percentage change in hours willing to work = {(New number of hours willing to work - Old number of hours willing to work) / [(New number of hours willing to work + Old number of hours willing to work) /
2]} * 100 = {(10 - 4) / [(10 + 14) / 2]} * 100 = 50%
Percentage change in wage = {(New wage - Old wage) / [(New wage + Old wage) / 2]} * 100 = {(40 - 25) / [(40 + 25) / 2]} * 100 = 46.1538461538462%
Substituting the values into equation (1), we have:
Price elasticity of labor supply = 50% / 46.1538461538462% = 1.08333333333333
Approximated to 2 decimal places, we have:
Price elasticity of demand = 1.08
The elasticity of Felix's labor supply between the wages of $25 and $40 per hour is approximately 1.08.
Since 1.08 is greater 1, this means that Felix's supply of labor over this wage range is elastic.
Using an advertising agency is a cost-effective way for a small business to advertise its products or services.
a. True
b. False
HELP ME PLEASE
DIRECTIONS: Tell whether each is climate or weather.
1. It has not rained this month.
2. Typically, the rainfall in June is less than 1 inch.
3. The sky looks cloudy.
4. The temperature around glaciers over a period of years.
5. The yearly rainfall in the rainforest is between 50-260 inches.
6. This week's high temperature is 70°.
7. Tomorrow it will be cold and rainy.
8. It usually snows every year in January.
9. Texas is known for hot and humid weather.
10. This weekend is supposed to be sunny.
TYSM
Answer:
1. climate
2. weather
3. weather
4. climate
5.climate
6.weather
7.weather
8. climate
9. climate
10. weather
Explanation:
hope this helps
Answer:
1) weather
2) weather
3) weather
4) climate
5) climate
6) weather (i think)
7) weather
8) climate ...
9) climate
Explanation:
What do you think would happen if the Internet shut down or went away? How would it change the way people live their lives? Do you think this would be mostly positive or mostly negative?
Answer:
Honestly I think it would be mostly negative without the internet, because if the internet got shut down we would not be where we are now today
Explanation:
:)))
if a company defaults on a loan, the organization that granted the loan may be able to seize the assets of the company.
true or false
yall anyone give me a mission statement to use please !!!!!
Answer:
need to know what its about?
Explanation:
John from sales has just sent you an e-mail. He needs a decision made on the Johnson account as soon as possible. You can make the decision, but you feel like you’d like to ask your boss for her advice. Unfortunately, she is in a business meeting, and the decision needs to be made very soon. You decide to take the initiative and ______.
a.
Interrupt your boss to make the decision
b.
Ask a coworker to make the decision
c.
Wait to make the decision
d.
Make the decision
John from sales has just sent you an e-mail. He needs a decision made on the Johnson account as soon as possible. You can make the decision, but you feel like you’d like to ask your boss for her advice. Unfortunately, she is in a business meeting, and the decision needs to be made very soon. You decide to take the initiative and ______.
a.
Interrupt your boss to make the decision
b.
Ask a coworker to make the decision
c.
Wait to make the decision
d.
Make the decision
Answer:
I believe the answer is D.
Explanation:
When you take initiative, it means you have to make a decision on your own.
The above thing regarding the decision-making was that Unfortunately when the boss was in a meeting, the decision was made me. Hence, fill in the gap - You decide to take the initiative and make a decision. This feature is known as the Decision making.
What is the meaning of Decision making?Decision-making is an important moral part of the life of any individual. Decision-making has over the years helped the living condition of human beings to get smoother and smoother.
In the case of Decision making the most important thing was to understand the fact whether the individual was talking for the oneself and the other important fact or reason is that people have been more interested in their lives and also, the motive which the yes or no depends.
Decision-making is an human perspective of the thought process regarding thee right or wrong. Hence, option D is correct.
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why do people care about their social status?
Answer:
because they could be very popular
Explanation:
can you give brainliest
Question 27 (1 point)
The relationship between the amount of inputs and outputs is known as
Answer:
A production function
Explanation:
A production function shows the relationship between the physical quantity output and the input of a good produced. It is the technical relationship between the physical output and physical input of a good. The production function is expressed as a mathematical function that relates inputs in numbers and their effect on output numbers.
Selected transactions for Sophie's Dog Care are as follows during the month of March. 1 Paid monthly rent of $910. 3 Performed services for $110 on account. 5 Performed services for cash of $55. 8 Purchased equipment for $455. The company paid cash of $60 and the balance was on account. 12 Received cash from customers billed on March 3. 14 Paid wages to employees of $400. 22 Paid utilities of $54. 24 Borrowed $1, 140 from Grafton State Bank by signing a note. 27 Paid $170 to repair service for plumbing repairs. 28 Paid balance amount owed from equipment purchase on March 8. 30 Paid $1, 370 for six months of insurance. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answer:
1 Paid monthly rent of $910.
Dr Rent expense 910
Cr Cash 910
3 Performed services for $110 on account.
Dr Accounts receivable 110
Cr Service revenue 110
5 Performed services for cash of $55.
Dr Cash 55
Cr Service revenue 55
8 Purchased equipment for $455. The company paid cash of $60 and the balance was on account.
Dr Equipment 455
Cr Cash 60
Cr Accounts payable 395
12 Received cash from customers billed on March 3.
Dr Cash 110
Cr Accounts receivable 110
14 Paid wages to employees of $400.
Dr Wages expense 400
Cr Cash 400
22 Paid utilities of $54.
Dr Utilities expense 54
Cr Cash 54
24 Borrowed $1,140 from Grafton State Bank by signing a note.
Dr Cash 1,140
Cr Notes payable 1,140
27 Paid $170 to repair service for plumbing repairs.
Dr Repairs expense 170
Cr Cash 170
28 Paid balance amount owed from equipment purchase on March 8.
Dr Accounts payable 395
Cr Cash 395
30 Paid $1, 370 for six months of insurance.
Dr Prepaid insurance 1,370
Cr Cash 1,370
Productivity is a measure of:
O
A. the investment required to get a business started.
O B. the profits generated by a single economic decision.
оо
c. the amount of input needed to create a certain output.
D. the growth of a business over a defined period.
Answer:
c. the amount of input needed to create a certain output.
Explanation:
Productivity measures the efficiency in the use of the company's resources in the production process. The term productivity is associated with reduced wastage, high quality, and a high input to output ratio.
Productivity is about how well a company uses inputs to generate output. It is measured by calculating the volume of output per hour or comparing the total output against the number of employees.
What is one benefit US workers who have a college degree rather than a high school diploma?
Answer:
Those with a college degree earn nearly twice as much as those without college.
Explanation:
A college degree increases the chances of securing a higher paying job than a high school diploma. Most employers insist on college degrees for managerial or executive positions. These are the positions with good pay packages. Currently, college graduates earn nearly twice their high school diploma holders.
Answer:
D.
Explanation:
the person above me is correct
What phrase describes businesses who develop a positive relationship to
society
When the United States spends money on education, does this cause the nation's GDP to grow or decline?
Answer:
the gdp of the united states stays the same because the money the put into it is the tax payers money
Explanation:
1. _____ ensures costs are covered and a profit is made but also affects customer's motivation to buy.
A.Place strategy
B.Price Strategy
C.Product Strategy
2. _____ tells customers about products and benefits, also used to enhance a company's image.
A.Price Strategy
B.Promotion Strategy
C.Product Strategy
Answer:
Explanation:
Option B price strategy is the correct answer
Answer:
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