Depreciation by Two Methods
A storage tank acquired at the beginning of the fiscal year at a cost of $80,000 has an estimated residual value of $4,800 and an estimated useful life of four years.
a. Determine the amount of annual depreciation by the straight-line method.
$fill in the blank 1
b. Determine the amount of depreciation for the first and second years computed by the double-declining-balance method. Do not round the double-declining balance rate. If required, round your answers to the nearest dollar.
Depreciation
Year 1 $fill in the blank 2
Year 2 $fill in the blank 3
Answers
The amount of annual depreciation by the straight-line method is $18,800.
Annual depreciationa. Annual depreciation
Annual depreciation=[($80,000 - $4,800) ÷ 4]
Annual depreciation=$18,800
b. Annual depreciation
Year 1 Annual depreciation= 10% × $80,000
Year 1 Annual depreciation = $8,000
Year 2 Annual depreciation= 10% × ($75,000 - $7,500)
Year 2 Annual depreciation = $7,520
Therefore the amount of annual depreciation by the straight-line method is $18,800.
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Related Questions
Identify each action by the Fed as expanding the money supply, shrinking it, or neither. expands the money supply shrinks the money supply neither expands nor shrinks Drag each item above to its matching item below. Note that every item may not have a match, while some items may have more than one match. The Fed lends money to struggling banks. Press Space to open The Fed regulates banks to ensure stability. Press Space to open The Fed buys mortgage-backed securities. Press Space to open The Fed sells Treasury bonds to investors.
Answers
Based on macroeconomic analysis, it is believed that by matching the items in the question with their effect, we have the Fed lends money to struggling banks. -- expanding the money supply;
This is because when the Fed lends money to struggling banks, there is more money available for people to borrow or assess in the economy.The Fed regulates banks to ensure stability. -- expanding the money supply, or shrinking it;
When the Fed regulates banks to ensure stability, they may either be pumping money into the economy to solve deflation or take money from the economy to solve inflation.The Fed buys mortgage-backed securities. -- expanding the money supply;
When the Fed buys mortgage-backed securities, owners of these mortgages get more money, thereby pumping money into the economy.The Fed sells Treasury bonds to investors -- shrinking it;
When the Fed sells Treasury bonds to investors, they take money from investors, thereby taking away money from the economy.Hence, in this case, it is concluded that there are various means by which the federal government can expand or shrink the money supply in the economy.
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Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year. What is the margin for the year
Answers
The margin for the year is 30% for Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year.
What is margin?
To calculate the margin, we can use the formula:
Margin = Net Income / Sales
First, we need to find the net income, which is calculated as:
Net Income = ROI x Total Assets
Total Assets = Sales / Turnover
Net Income = ROI x (Sales / Turnover)
Net Income = 0.09 x (4,000,000 / 3.0)
Net Income = $1,200,000
Now we can calculate the margin:
Margin = Net Income / Sales
Margin = $1,200,000 / $4,000,000
Margin = 0.30 or 30%
Therefore, the margin for the year is 30%.
What are the assets?
An asset is a resource that is owned or controlled by an individual, company, or organization that has economic value and is expected to generate future benefits. Assets can be both tangible and intangible. Tangible assets are physical objects that can be seen and touched, such as buildings, equipment, inventory, and cash. Intangible assets, on the other hand, are non-physical items that do not have a physical presence but still have value, such as intellectual property, brand names, patents, trademarks, and copyrights.
Assets are recorded on a company's balance sheet and are typically classified as current assets, such as cash or inventory that can be converted to cash within one year, or long-term assets, such as buildings or equipment that will provide future economic benefits over a period of several years.
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An invoice is never subject to both trade and cash discounts. true false
Answers
False. Since, an invoice is a subject to both cash and trade discounts.
How does an invoice is a subject to both trade and cash discounts?An invoice, or tab is a commercial document issued by a Seller to a Buyer in connection with a sale transaction, specifying the products, quantities and agreed prices for the products or services provided by the Seller to the Buyer. Payment terms are normally stated on the invoice.
Transaction rebates are not explicitly reflected in the company's books of accounts and all transactions are entered in the sales ledger as a net amount. In contrast, cash discounts on the finance book are shown separately as an expense on the income statement. Not all invoices receive a cash discount. If no cash discount is offered, the invoice issuer will only require full payment. "n/30", for example, indicates that no cash discount applies and the credit period ends 30 days after it started.
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What is your net cash flow if you had a total income last month of $2,900, but your expenses totaled $3,275, $375 of which was
covered by your credit card: (Negative values should be indicated with a minus sion.)
Answers
The net cash flow would be given as $375
How to solve for the net cash flowYour net cash flow would be
$3,275 - $2,900
= 375
What is meant by net cash flow?This is the term that is used to refer to the total cash inflow that a business would have minus the cash outflow that they have.
The inflow of cash in the business is given to be 3275 while the outflow of cash is given as 2900
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Principal: $1500
Interest rate: 6%
Date borrowed: July 25
Date repaid: January 15
Exact Time ?
Interest ?
Maturity Value ?
Answers
Note that given the principal, date, and interest above:
What is the rationale for the above response?
To calculate the interest, maturity value, and exact time for this loan, we need to know the number of days between the borrowing date (July 25) and the repayment date (January 15).
Number of days between July 25 and January 15:
July: 6 days remainingAugust: 31 daysSeptember: 30 daysOctober: 31 daysNovember: 30 daysDecember: 31 daysJanuary: 15 daysTotal number of days: 6 + 31 + 30 + 31 + 30 + 31 + 15 = 174 days
Using the principal of $1500 and an interest rate of 6%, we can calculate the interest and maturity value:
Interest: $1500 x 6% x (174/365) = $43.15
Maturity value: $1500 + $43.15 = $1543.15 (
To determine the exact time of repayment, we need to know the time of day when the loan was borrowed and repaid. Assuming that both transactions occurred at 12:00 PM noon, the exact time between July 25 and January 15 is:
174 days x 24 hours/day = 4176 hours
So the loan was repaid 4176 hours after it was borrowed.
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The correlation of stock XYZ with the market is 0.5 and its standard deviation is 40%. According to the CAPM the expected return on XYZ should be A) 10% B) 15% C) 20% D) 18.7%
Answers
According to the CAPM the expected return on XYZ should be: C) 20%.
Expected returnUsing this formula
Expected return= Market correlation of stock x Standard deviation
Where:
Market correlation of stock=0.5
Standard deviation=40%
Let plug in the formula
Expected return=0.5×40%
Expected return=20%
Inconclusion According to the CAPM the expected return on XYZ should be: C) 20%.
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what are fixed expenses
A. all expenses that change depending on various factors, such as the number of customers in a given period of time
B. the amount of money the retailer spends to buy each item from the wholesaler or producer
C. the amount of money received per the sale of each item
D. All expenses that are the same fixed amount on a recuring basis, such as rent
Answers
The amount of money received per the sale of each item are fixed expenses. The answer is OPTION C.
Numerous expenses fall under the category of fixed costs, such as mortgage and rent payments, various types of salary, insurance, property taxes, interest fees, depreciation, and some utility bills. For instance, a new business owner would probably start off with fixed costs like rent and managerial salary.
Fixed expenses: Expenses that must be paid on a regular basis and usually have a set price, such as bills. Utility bills are an example of fixed expenses that can also be variable because the monthly cost varies based on usage. The frequency of fixed expenses can be weekly, monthly, quarterly, or yearly.
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CWN Company uses a job order costing system and last period incurred $82,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period will be $73,000. It also expects to incur $100,000 of direct labor. If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be:
Answers
Answer:
the predetermined overhead rate is 65%
Explanation:
The computation of the predetermined overhead rate is shown below;
The Predetermined overhead rate
= Expected overhead ÷ expected total direct labour cost
= $73,000 ÷ $100,000
= 0.73
= 65%
hence, the predetermined overhead rate is 65%
The same would be considered and relevant
where did you get the numbers for the quantity since the question never states what the quantity is so how do you calculate total revenue when all you’re given is this price?
Answers
The following is the formula to determine total cost: Total cost is determined by adding TVC and TFC (total variable cost).
How do you calculate total income using quantity and cost as inputs?
Total Sales X Cost Per Unit equals Total Revenue
Just keep things simple by remembering "quantity times price." If you offer a variety of goods and/or services, figure out the combined total revenue for all of them.
Price x Quantity Sold = Total Revenue
How is total revenue determined on an income statement?
Revenue as a whole on the income statement
To calculate the overall operating income, start with the sales revenue and then deduct the cost of products sold and operating expenses. Report any non-operating gains, losses, or costs in the following section.
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A steam generation system at a biomassfueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. The power plant has consistently made use of the same type of ESP over the past several years. The installed cost of a new ESP has been relatively constant at $80,000. Records of operation and maintenance expenses indicate the following average expenses per year as a function of the age of the ESP. The MVs of the ESP are also reasonably well known as a function of age. Determine the best time to replace the ESP if the MARR
is 15% per year
Answers
A steam generation system at a biomass-fueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. the best time to replace the ESP is mathematically given as
EUAC3= 46377.48
What is the best time to replace the ESP if the MARR is 15% per year?Generally, the equation for the EUAC for the yrs of operation is mathematically given as
For Year 1
EUAC1 = 85000 * (A/P,9%,1) + 25000 - 63000 * (A/F,9%,1)
EUAC1 = 54650
Solving till year 5
EUAC2= 46525.60
EUAC3= 46377.48
EUAC4= 48730.91
EUAC5= 50730.79
In conclusion, the best time to replace the ESP if the MARR is 15% per year will be at the EUAC3= 46377.48 since EUAC is the lowest at that year.
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When there is no room for growth within a company, an employee cannot __________.
a.Be promoted to new positions horizontally
b.Find other jobs from a new employer
c.Be considered for salary increases
d.Be promoted vertically to new positions
please help
Answers
Answer:
Be promoted vertically to new positions
When there is no room for growth within a company, an employee cannot be promoted vertically to new positions. Thus, option D is correct.
Who is an employee?The employees whose employers one more as a trade-off for monetary or other payment. At the point when a singular starts a drawn-out working relationship with a business, that individual, for the most part, turns into a worker, however, there are exemptions.
At the point when there is no space for development inside an organization, a worker can't be elevated upward to new positions. Superior workers neglect to get advanced in light of the fact that they have been educated to try sincerely and center around dominating the actual work.
As the company may not have a position or a different line of work. This will suggest that the person will be entering a no-growth zone. Therefore, option D is correct.
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4) (Economies of Scale) Suppose a firm has chosen its quantity so that its marginal cost is equal to the market price, and is making positive profits because its revenues exceed its costs. Is this firm operating in a range where it production exhibits economies of scale or diseconomies of scale
Answers
Answer:
The firm is operating in a product range that exhibits diseconomies of scale. A further explanation is given below.
Explanation:
The company operates within a target area where there have been efficiency gains throughout production. Since the company makes benefits and opportunities, which means that the profitability outweighs the amount, the price could perhaps outweigh the estimated price at either the amount of development. As well as the valuation is equivalent to the cost, and marginal cost should therefore significantly increase the overall value.Researchers understand exactly this because when market forces are already in place, marginal cost is already below the estimated price, such that, marginal cost would be below the estimated price. After all, once government subsidies have been in place because when efficiency gains are in place, marginal cost should be above total value, which indicates that sometimes marginal cost exceeds average cost whenever economies of level have been in place.Based on the analysis of the business environment and barriers to entry market, identify details steps you would take in the first year to help your new restaurant succeed
Answers
Answer:
1. Develop a detailed business plan that outlines the restaurant’s goals, objectives, and strategies.
2. Identify the target market and create a marketing plan to reach them.
3. Secure the necessary funding for the restaurant.
4. Secure a location for the restaurant.
5. Develop a menu that appeals to the target market.
6. Hire a team of experienced and qualified staff.
7. Develop a comprehensive training program for all staff.
8. Develop a comprehensive financial plan.
9. Develop a customer service plan.
10. Develop a system to track customer feedback.
11. Develop relationships with local suppliers and vendors.
12. Develop a system to track inventory and supplies.
13. Advertise and market the restaurant.
14. Develop a system to track sales and profits.
15. Monitor the competition and adjust strategies as needed.
Explanation:
There will be various steps that would be needed to have a restaurant business. That would include knowing the business and having a plan. This may include its status, cost, how to handle the money, food ingredients, a place as well as the workers.
What is a business?Business refers to the activity of creating, purchasing, and reselling goods in order to support oneself financially. Many banks provide services, such as financing and specialized business banking supervisors, that are not available to private accounts.
What does it need to start a business and what does it cost?How to set a budget before opening a restauranthandle money for restaurantsmarket study for restaurantspurchasing or leasing land where the business will take place building a restaurant's reputationEmploying workersPreparing the business with ingredients Making sure that the people know about the placeLearn more about business, here:
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John Rawls owns and operates Philosophical Consulting, Inc. During 2019 and 2020 he made the following purchases of assets for use in the business:
Asset Date of Purchase Cost
Office Furniture 5/1/2019 $100,000
Computer System 9/15/2020 $500,000
In addition, his business income before any cost recovery deduction in 2020 is $350,000. Prior to 2020, he only used regular MACRS depreciation for all purchases. However, at the beginning of 2020 he decides to take the maximum deduction possible for all new purchases. Ignore any excess business or net operating loss limitations.
Required: What is the 2020 cost recovery deduction for Philosophical Consulting, Inc?
Answers
Answer:
The right solution is "600000".
Explanation:
The given values are:
Cost of office furniture,
= $100,000
Cost of the computer system,
= $500,000
The changed MACRS enables a company to reduce the mortgage balance of such deteriorating properties over time.Throughout the very first years, MACRS permits quicker depreciation although subsequently slows down depriving. This seems to be fantastic for corporations from a tax point of view.Now,
The cost recovery deduction will be:
= \(Office \ furniture+Computer \ system\)
On substituting the values, we get
= \(100000+500000\)
= \(600000\)
A garment manufacturing company invested $3 million on its new product line. It wants to earn an ROI of 10 percent. Which pricing
strategy should the company use?
A.
target-return pricing
B.
markup pricing
С.
perceived-value pricing
D.
value pricing
Answers
Answer:
Target-return pricing
Explanation:
Got 100%
Critics of the wealth gap might argue that
economic growth will likely decline over time.
the upper classes cannot help create new jobs.
the wealthy become unable to make investments.
buying power exceeds the supply from producers.
Answers
Answer:
economic growth will likely decline over time. Mark brainliest
Explanation: i did the test
The critics of the wealth gap may argue that an economic growth will likely decline over time.
Who are the critics of wealth gap?The critics are people that does not fascinate the idea of wealth gap in an economy.
Hence, they are more likely to argue that an economic growth will likely decline over time because they do not fascinate the gap of wealth economically.
Therefore, the Option A is correct.
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When a greenhouse plant grower sells plants to nursery retailers, the grower is selling _____products.
a.specialty
b. consumer
c.convenience
d. business
e.unsought
Answers
TheCorrect answer is Option D, When a greenhouse plant grower sells plants to nursery retailers, the grower is selling business products.
Retailers resell the plants, so they are considered a business product
What are Business products and Resellers in business?Business products are goods and services that businesses buy to run their operations or to manufacture their own goods. Business items are categorised differently than consumer goods because they are used rather than based on consumer purchasing patterns.
Business products and consumer products are the two main categories into which products in the business can be divided. A business product is one that a business sells to another business, according to the marketing definition. In order to be processed in some other way before being offered to consumers, these commercial products are frequently sold.consumer goods, on the other hand, are goods that are sold to the client and won't be processed further and sold again.What types of business Products are there?There are six different categories of
Major equipment,Accessory equipmentComponent parts, Processed material, SuppliesBusiness services.These goods serve various purposes and are of varying value to the company. Demands for these products will vary depending on the various industries.
Business marketing, often known as business-to-business marketing, is the marketing activity used to promote the sale of business products to other businesses. These are goods that are bought for purposes aside from individual consumption.Producers are companies that make purchases of business products, which can be either goods or services, with the intention of turning them into other products or combining them into other products. For instance, a car factory will buy tools and components for assembling cars.Resellers are companies that buy commercial goods with the intention of reselling them for a profit. The distinction between manufacturers and resellers is that the former buy finished goods to resale and do not alter the commercial goods they want to market. For instance, grocery stores will purchase goods from producers and sell it exactly as is.
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explain the role of beliefs, customs and attitudes in communication and how it acts as an input communication
Answers
Answer and Explanation:
An individual's customs beliefs and attitudes are directly related to the culture to which they belong and that culture is able to determine the forms of communication that an individual can present, showing how to behave and how to start a communication. Thus, these factors determine the beginning and the entire development of input comunication, as well as the elements that compose it.
The explanation regarding the role of beliefs, customs & attitudes in communication should be described below:
The customs, beliefs, & attitudes of an individual should be related to the culture from which it belongs and the culture should be measurable in the terms of communication.In this, the individual should be presented, how to begins with the communication. Without an individual, the communication should not be done.In this way, it should be explained.
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How can formal business documents help managers solve problems? A. By presenting well-organized, accurate information about a problem O B. By eliminating the need for schedules and budgets to track progress C. By making decisions so the managers do not have to handle them O D. By creating a record of every action taken during a meeting
Answers
Answer:
the answer is A
Explanation:
Mr. D is the manager of a local walgreens. His biggest concern is to make sure that his store is always making the most profit possible. He cuts costs by focusing on certain logistical decisions. Every other day walgreens receives shipments from pepsi, evian, hershey, and numerous other manufacturers. Walgreens insists on small shipments every two days, which helps to keep their inventory costs low. What system is mr. D using at walgreens to reduce his costs?.
Answers
The system is mr. D using at walgreens to reduce his costs is just in time inventory.
What is just in time inventory?JIT, or just-in-time inventory management, involves only ordering products from vendors when they are actually needed. This approach's primary goals are to lower the cost of keeping inventory and boost inventory turnover.With a just-in-time (JIT) inventory system, a business receives products as close as feasible to the moment they are actually required. As a result, if an auto assembly facility wants to install airbags, it doesn't maintain a supply on hand; instead, it gets them as the cars are put together.In conclusion. When used properly, JIT inventory can be a terrific method to reduce costs and boost productivity.
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2 years is $24,234. Determine the present value amount, using the following partial table of present value of $1 at compound interest
Answers
The present value amount, given the principal and the partial table of the present value, will be $20,017.28
How to find the present value amount?The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.
The interest rate here is 10% and the amount in 2 years is $24, 234.
Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.
The present value of $24, 234 from two years in the future, in the present is:
= Future value amount x Present value factor for 2 years, 10 %
= 24, 234 x 0.826
= $20, 017.28
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Net credit sales = $400,000 Net income = $100,000 Average total assets = $80,000 Average accounts receivable = $20,000 What is the average collection period in days (rounded to the nearest whole day)?
Answers
Answer:
73 days
Explanation:
average collection period = number of days in a period / receivables turnover
receivables turnover = revenue / average receivables = $100,000 / $20,000 = 5
average collection period = 365 / 5 = 73 days
I hope my answer helps you
The task involves retrieving
financial data on Banks in Ghana for the period 2010 to 2020 for all banks in
Ghana within the stated period. Answer the following questions based on the data.
1. Determine the total asset of each bank in each year and provide this information in a Table, where column refers to years and rows refer to the bank specific total asset for the year.
2. Calculate the five-firm concentration ratio in the banking industry in Ghana for each year using total assets.
3. Based on the five-firm concentration ratios calculated in 2 above, determine the level of competition among banks in Ghana.
4. Calculate the five-firm concentration ratio in the banking industry in Ghana for each year using deposits.
5. Calculate the five-firm concentration ratio in the banking industry in Ghana for each year using loan advances.
6. Is there a difference between the interpretation for the five-firm concentration ratio calculated using total assets, deposits and loan advances?
7. Calculate the Herfindahl-Hirschman Index (HHI) for each year using total assets and comment on the level of competition among banks in Ghana.
8. Calculate the Herfindahl-Hirschman Index (HHI) for each year using deposits and comment on the level of competition among banks in Ghana.
9. Calculate the Herfindahl-Hirschman Index (HHI) for each year using loan advances and comment on the level of competition among banks in Ghana.
10.Which of the years would the level of competition in the banking industry in Ghana be welfare improving from the perspective of customers based on the calculated five-firm concentration ratios in question (1) and why?
11.Are your conclusions for HHI consistent with the five-firm concentration in all cases? Give two reasons to support your answer.
Answers
How does information technology impact the logistics and supply chain operation of a business. using GPS and GIS.
Answers
Answer:
The improvement of logistics operation management for many tobacco companies highly depends on the reduction of distribution costs. In order to optimize routes, cigarettes are delivered through online real-time distribution system equipped with GIS/GPS. These network information technologies are crucial to creating and maintaining an efficient distribution system. Considering the applicability and flexibility of GIS/GPS network information system, this paper assesses the impact of its implementation on the logistics distribution cost from both overall and household levels. Specifically, DID and pseudo-DID models were adopted and monthly panel data of 14 prefecture-level branches of Hunan Tobacco Company during 2016-2019 were used for regression.We find that the implementation of GIS/GPS network information systems increased the total distribution cost. However, the average distribution cost was significantly reduced at per household level as the customer base expanded. A series of robustness and sensitivity tests supported above results. Furthermore, the implementation of GIS/GPS network information system is beneficial to service quality and employee performance. In addition, more time and logistics costs were saved when drivers chose “dynamic + fixed optimization” route model.
2. In 2020, Leon Longrove sold a piece of business equipment that had an adjusted basis to him of $50,000 for $75,000 cash plus artwork that had a fair market value of $25,000. The buyer assumed Leon's $20,000 loan on the equipment. Leon paid $5,000 in selling expenses. What is the amount of Leon's gain on the sale
Answers
Answer:
Leon's gain = $65,000
Explanation:
Total consideration received by Leon = $75,000 (cash) + $25,000 (artwork) + $20,000 (loan assumed by buyer) = $120,000
Leon's total costs = $50,000 (equipment's basis) + $5,000 (selling expenses) = $55,000
Leon's gain = total consideration received - total costs = $120,000 - $55,000 = $65,000
the emergent strategies are those strategies adopted in light of a thorough analysis of both external and internal environment only . true or false ?
Answers
The statement "The emergent strategies are those strategies adopted in light of a thorough analysis of both external and internal environment only" is: True
Emergent strategies are those measures which are taken to ensure that a company grows and is successful even when there is no particular set aims or goals.
However, the statement that an emergent strategy can only exist in only an internal and external environment is true.
This is because these internal and external factors are why the strategies are in place to make sure that there is a realized goal in the company and that continuity is ensured.
Please note that an internal environment is one that has a direct impact on the company,while external environment does not directly impact the company
Therefore, the correct answer is true
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Application: Elasticity and hotel rooms The following graph input tool shows the daily demand for hotel rooms at the Peacock Hotel and Casino in Las Vegas, Nevada. To help the hotel management better understand the market, an economist identified three primary factors that affect the demand for rooms each night. These demand factors, along with the values corresponding to the initial de curve, are shown in the following table and alongside the graph input too Initial value Demand Factor Average American household income $50,000 per year round trip airfare from San Francisco (sFo) to Las Vegas (LAS) $100 per round trip Room rate at the Grandiose Hotel and Casino, which is near the Peacock $250 per night Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Peacock's Hotel Rooms 500 450 Price 200 (Dollars per room) 400 Quantity 300 Demanded 350 (Hotel rooms per night) 300 250 Demand Factors 200 150 Average Income 50 Demand (Thousands of 100 dollars) Airfare from SFO to 50 100 (Dollars per round trip) 0 50 100 150 200 250 300 350 400 450 500 Room Rate at QUANTITY (Hotel rooms) 250 Grandiose (Dollars per night) For each of the following scenarios, begin by assuming that all demand factors are set to their original values and that Peacock is charging $200 per room per night.
Answers
The initial equilibrium amount of hotel rooms required at the Peacock Hotel and Casino is around 300 rooms per night at a cost of $200 per room, according to the graph input tool, the starting demand parameters, and the room rate.
What is equilibrium?A condition of equilibrium is one in which the forces of supply and demand are in balance and neither prices nor quantities have a tendency to fluctuate. In a market economy, equilibrium is when the amount of an item or service that customers are willing and able to purchase equals the quantity that producers are willing and able to offer at a specific price. There is neither an excessive supply nor an excessive demand in an equilibrium market, and the only factor affecting price and quantity is how buyers and sellers interact. Because it explains how markets operate and how prices are decided, equilibrium is a key idea in economics.
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Two doctors who join forces in business forma
Answers
Answer:
partnership
hope this helps
Rupali’s financial advisor tells her that she needs a personal balance sheet. Rupali has no idea what this is. What should the financial advisor tell her about a personal balance sheet?
a) Her bank can print one out for her if she requests it.
b) Emergency expenses are listed at the top of this document.
c) It ultimately will show her what her net worth totals.
d) It describes her cash flow situation over the past few months.
Answers
Answer:
d) It describes her cash flow situation over the past few months.
Explanation:
Balance sheet is a statement of account of an individual, which showcases the cash flow situation of that particular individual. That is, the debt and the credit associated with the bank account statement of the individual in question.
It is used to keep track of the financial growth and net-worth which helps in making a balanced decision. In her case, assuming she is applying for a loan, the cash flow situation of hers would enable the financial advisor in a bank to be clear on the actual amount she could eligible to get as a loan.
Answer:
It ultimately will show her what her net worth totals.
Explanation:
Correct for Gradpoint
"Group decision making is better". Do you agree or disagree with the statement? Give 3 reasons why do you say so?
Answers
Answer:
I agree because it make the group bring out more ideals
sometimes group decision make some people to voice out their problems
group decision help organization and firms to operate in good aims