Leah associates purchased $500 of supplies on account. This transaction would be recorded with a debit to the supplies account.
What is a transaction?A completed agreement between a buyer and a seller to exchange goods, services, or financial assets in exchange for money is referred to as a transaction. In corporate accounting, the term is also frequently used. Depending on whether a company uses accrual or cash accounting, a transaction may be recorded sooner or later.
When Leah associates purchased $500 of supplies on account, the journal entry for this transaction would be :
Supplies Account $500
To Accounts Payable $500
Therefore, supplies account is the correct answer.
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what project role ensures that the system conforms to information system standards? question 8 options: project manager business analyst infrastructure analyst systems analyst change management analyst
The project role ensures that the system conforms to information system standards Systems analyst.
What does a system analyst do?Systems analysts evaluate how effectively software, hardware, and the overall IT system match their employer's or a client's business demands. They design the specifications for new systems, maybe aid in their implementation, and assess how well they work. Examining current systems is one of the typical tasks associated with the position.
Which individuals ensure that new information systems adhere to organizational standards and assist in identifying adjustments that must be made to the infrastructure to support the systems?The systems analyst, who evaluates the business environment, spots areas for development, and creates an information system to carry them out, is the important player in the SDLC. One of the most intriguing, thrilling, and difficult occupations out there is being a systems analyst.
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pricing a product in a market where there is considerable leeway in setting prices is an example of a(n)
An example of a long-term pricing choice is how to price a product in a market with wide price variation.
What is a good illustration of differential cost?An illustration of an alternative choice. If you must choose between using direct labor to physically make the same amount of widgets for $1,400,000 or running a completely automated operation that produces 100,000 widgets annually at a cost of $1,200,000, the difference in cost is $200,000.
What is a prime instance of a variable cost?Costs that vary according on the volume are known as variable costs. The following are a few examples of variable expenses: raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging supplies, and credit card fees.
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how much is too much? who is worth more, mark parker or lebron james? the simplest answer is that there is a market for executives just as there is for all types of labor. executive compensation is the price that clears the market. the same is true for athletes and performers
Financial management enables business concern financial planning and aids in determining the financial requirements of the company concern. A crucial aspect of company concern that aids in the growth of a firm is financial planning.
When it comes to boosting investor and business concern wealth, financial management is crucial. The ultimate goal of any corporate enterprise is to maximise profit, and greater profitability drives up investor and national wealth. Financial management is defined as "the operational activity of a firm that is responsible for acquiring and efficiently utilising the finances required for efficient operations." Financial statements that must be provided include the income statement, balance sheet, and statement of cash flows. These three statements can be used by traders as educational tools to assess a company's financial health and to quickly determine its underlying worth.
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fun time toys produced $60 million worth of toys in 2020. because of a slow christmas shopping season, only $50 million worth was sold to consumers, and the remaining $10 million worth went into inventories. based on this information, how was gdp affected in 2020?
$60 million was added to GDP; $50 million was classified as consumption spending and $10 million was classified as investment.
The phrase "gross domestic product" is used to assess the market value of all final goods and services produced and sold (not resold) by countries over a specific time period (GDP). Due to the measurement's complexity and subjectivity, it must be repeatedly adjusted before it can be considered a reliable indication. In contrast to nominal GDP, which is better for comparing national economies on the international market, utilising GDP per capita at purchasing power parity (PPP) may be more beneficial for comparing living standards between nations. However, variations in the cost of living and inflation rates of the nations are not reflected in GDP (nominal) per capita.
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if congress allowed 100,000 more people from the sudan to immigrate to the united states, how would demand for u.s. goods and services be impacted?
The effect that 100,000 new immigrants from Sudan would have on the demand for American goods and services would depend on a number of variables, including their age, education, income level, and purchasing habits.
The majority of these immigrants would likely become new consumers of American goods and services if they are able to find stable employment, have a good education, and possess the necessary job skills.
This would boost demand in a number of economic sectors, including housing, transportation, food, and entertainment.
Although a surge in new customers might increase demand and spur economic growth, it can also put strain on public services and infrastructure, especially in regions with substantial immigration.
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a consumer who is potentially profitable but not loyal to a firm's offerings is referred to as a .
A consumer who is potentially profitable but not loyal to firm's offerings is referred to as butterfly.
What is offering?An offering is made by a company when it issues or sells securities. It can apply to both a bond issue and an initial public offering (IPO), which is when a company makes its stock available for purchase by the general public. An offering may also be referred to as a securities offering, investment round, or a fundraising round. The selling of stocks, bonds, or other assets to investors as a means of raising money, however, distinguishes an offering from other rounds (such as seed rounds or angel rounds). Businesses frequently sell stocks or bonds to the general public in an effort to raise funds for investments in expansion or growth.
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nations that have only a single abundant resource face significant risks, even when that resource is highly valued. group of answer choices true false
It is true that nations with a single abundant resource face significant risks, even when the resource is highly valuable.
Goods and services are the product of resources. If resources were endlessly abundant, then we would have no shortage of the products they produce. National competitiveness has become one of the central concerns of the most important production factors such as qualified human resources the problem of overconsumption, underinvestment and, ultimately, the depletion of a common resource. countries trade, not all individuals or companies are better off. When a company buys a foreign product because of its natural resources,especially in developing countries, a large multinational company with a total economic turnover.
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For each example listed, decide if the good is a normal good or an inferior good. make sure you answer from the perspective of the individual or individuals doing the buying or consuming.a. Billy's mom increases his weekly allowance by $5. As a result, Billy increases the number of apps he downloads on his smartphone. Smartphone apps are:___________b. Susan gets a 15 percent performance bonus at work. She can finally stop eating so many frozen pizzas and eat something more tasty. Frozen pizzas are: __________
a. Smartphone apps are a normal good.
b. Frozen pizzas are an inferior good.
a. Normal goods are goods for which demand increases as income increases. In the case of Billy, his allowance increase has caused his income to rise, so he is able to afford more smartphone apps. Since his demand for smartphone apps has increased, they can be considered a normal good from his perspective.
b. Inferior goods are goods for which demand decreases as income increases. In the case of Susan, her performance bonus has increased her income, so she is able to afford more expensive, higher-quality food options. Since her demand for frozen pizzas has decreased, they can be considered an inferior good from her perspective.
The classification of a good as normal or inferior is subjective and depends on the individual's preferences and circumstances. For example, frozen pizzas may be considered a normal good for someone on a tight budget, but an inferior good for someone with a higher income.
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when the government increased the minimum wage by 50%, it led to a 75% increase in workers providing labor. based on the information given, what is the price elasticity of supply for labor?
Minimum wages can be established by statute, decision of a competent authority, wage board, wage council, or industrial or labour courts or tribunals.
Minimum wages have been defined as "the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract". 1
This definition refers to the legally binding nature of minimum wages, regardless of how they are set. Minimum wages can also be established by making collective bargaining provisions legally binding.
The outcomes of supply and demand
If demand rises while supply remains constant, a shortage occurs, resulting in a higher equilibrium price.
A surplus occurs when demand falls while supply remains constant, resulting in a lower equilibrium price.
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Jeff was recently hired as a new manager. He is looking for the _____ relationships between individuals and units.
A) organization structure
B) organizational dynamics
C) work-flow design
D) work-flow analysis
E) work-flow evaluation
The correct option is B, organizational dynamics. Jeff is looking for the organizational dynamics relationships between individuals and units. It is a term used to refer to the relationships between individuals and units within an organization.
This includes understanding how the core functions of the organization fit together, the roles and responsibilities of each individual, and how the organization works together to achieve its goals. It helps create a culture of cooperation and understanding between individuals and units, leading to better working relationships. It also helps ensure that everyone is working towards the same goals and that the organization's resources are used efficiently.
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A famous Caran d'Ache company of Switzerland makes and sells pencils in a perfectly competitive product market and hires workers in a perfectly competitive labor market. Assume that the market wage rate for workers is $120 per day.
The profit-maximization occurs at that point for a perfectly competitive firm where marginal revenue is equal to marginal cost—that is, where MR = MC.
What is perfect competition?Perfect competition is a market structure where many firms offer a homogeneous product. Because there is freedom of entry and exit and perfect information, firms will make normal profits and prices will be kept low by competitive pressures.
In the perfect competitive market, there are many firms in the market; Freedom of entry and exit; this will require low sunk costs and all firms produce an identical or homogeneous product.
The profit-maximization occurs at that point for a perfectly competitive firm where marginal revenue is equal to marginal cost that is, where MR = MC of a firm.
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giorgio had cost of goods sold of $9,541 million, ending inventory of $2,209 million, and average inventory of $2,085 million. its inventory turnover equals: multiple choice 84.5 days. 0.23. 79.8 days. 4.58. 4.34.
Its inventory turnover equals 4.58. By dividing the cost of goods by the average inventory for the same time period, the inventory turnover ratio is calculated. A higher ratio typically denotes strong sales and a lower ratio generally denotes weak sales. The answer is OPTIOND.
For the majority of industries, a good inventory turnover ratio is between 5 and 10, which means that you should sell and replenish your inventory every one to two months. This ratio achieves a good balance between having adequate stock on hand and avoiding needless reorders. Inventory turnover is essentially the average annual inventory. It displays the frequency with which your company has sold (and replaced) stock over a specific time frame.
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Is Nova Southeastern University College of Osteopathic Medicine a good school?
Nova Southeastern University College of Osteopathic Medicine is a good school of Osteopathic Medicine. The college is ranked No. 94-124 in the category of Best Medical Schools: Primary Care and No. 95-124 in the category of Best Medical Schools: Research.
Schools are rated based on how well they perform against a set of generally recognized measures of quality.
Osteopathic medicine students, postgraduate trainees, physicians, and other professionals get learner-centered instruction from the Dr. Kiran C. Patel College of Osteopathic Medicine (KPCOM) at Nova Southeastern University. The College of Osteopathic Medicine's world-class doctoral and master's degree programs prepare to care, for well-respected leaders in healthcare and develop capable lifelong learners through its interprofessional programs.
Osteopathy is a kind of complementary medicine that places a strong emphasis on the physical manipulation of the bones and muscles of the body. Osteopaths are individuals who practice osteopathy. The primary set of osteopathy procedures is called osteopathic manipulation.
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highly suspect corporation has current liabilities of $425,000, a quick ratio of 1.60, inventory turnover of 3.90, and a current ratio of 3.90. what is the cost of goods sold for the company?
As per the details mentioned in the question, The cost of goods sold for the company will be $3,997,840
Current ratio = 4.00 = CA / CL
Current ratio = 4.00 = CA / $413,000CA = $1,652,000
Using the quick ratio, we solve for inventory:
Quick ratio = 1.80 = (CA - Inventory) / CL Quick ratio = 1.80 = ($1,652,000 - Inventory) / $413,000
Inventory = CA - (Quick ratio × CL)
Inventory = $1,652,000 - (1.80 × $413,000)
Inventory = $908,600
Inventory turnover = 4.40 = COGS / Inventory
Inventory turnover = 4.40 = COGS / $908,600COGS = $3,997,840
Therefore, The cost of goods sold for the company will be $3,997,840
Cost of goods sold is the conveying worth of products sold during a specific period. Costs are related with specific products utilizing one of the few equations, including explicit ID, earliest in, earliest out, or normal expense
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Which part of the financial system is used to transfer risk to those who are best equipped to bear it? 3 Multiple Choice IES obed financial instruments [eBook financial institutions Punt ferences regulatory agencies central banks
The part of the financial system that is used to transfer risk to those who are best equipped to bear it is financial instruments. Financial instruments are contracts between two parties that specify the terms and conditions for the transfer of financial assets or liabilities.
These instruments include stocks, bonds, options, futures, and other securities. By transferring risk through these instruments, the financial system is able to allocate risk to those who are best equipped to handle it, such as professional investors or financial institutions. This allows for a more efficient and stable financial system.
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support areas for ec include each of the following except group of answer choices infrastructure. people. public policy. business partnerships.
Economic development (ED) support areas typically include investments in people, public policy, and business partnerships, but not A: infrastructure.
People refers to investment in human capital through education and job training programs. Public policy involves creating a favorable business environment through regulation, taxes, and incentives. Business partnerships refer to initiatives that foster collaboration between the private and public sectors to drive economic growth. Infrastructure, although important for economic development, is typically not considered one of the main support areas for ED as it is a broader term that encompasses a range of physical and institutional systems.
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gdp 6000 gross investment 800 net investment 200 consumption 4000 government purchases of goods and services 1100 government budget surplus 30 what is ndp? answer: 5400
Net Domestic Product (NDP) is calculated as the Gross Domestic Product (GDP) minus depreciation (also known as capital consumption allowance). The NDP is equal to 1000.
(NDP) is computed by deducting from the gross domestic product (GDP) the value of depreciation of the country's capital assets, such as machinery, houses, and cars (GDP). The NDP also considers additional elements including asset obsolescence and total destruction.
NDP can be calculated as follows:NDP = GDP - Depreciation
Given the information in the question:
GDP = 6000
Depreciation = 6000 - 800 + 200 = 5000
Substituting these values into the formula, we get:
NDP = 6000 - 5000 = 1000
So the NDP is equal to 1000.
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politicians often claim that their policies will promote long-term economic growth. what are some of the obstacles that make this outcome unlikely?
Politicians often claim that their policies will promote long-term economic growth. Some of the obstacles that make this outcome unlikely "rapid growth in productivity and self-reinforcing".
The long term economic growth is the growth in which the increase in the market of the economy's commodities that services over time. The sources through which the economic growth can be measured is physical capital, labor, human capital and technical progress including the improvements in efficiency.
The problem faced during the economic growth is low incomes, inadequate capital, rapid growth in productivity and self-reinforcing.
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Harvest Inc. Produces and sells a single product. The selling price of the product is $200. 00 per unit and its variable cost is $80. 00 per unit. The fixed expense is $300,000 per month.
The break-even in monthly unit sales is closest to:
a) 2,583 b) 3,750 c) 1,500 d) 2,500
The correct option is D. The break-even in monthly unit sales is closest to =2500 units.
Explanation = destroy even in unit sales = fixed charges/Contribution margin in keeping with unit.
= $300000/$120 per unit
= 2500 units
Contribution margin in keeping with unit= promoting fee consistent with unit-Variable price per unit
= $200-$80
=$120 per unit
Variable costs are prices that exchange as the quantity of the coolest or service that a commercial enterprise produces modifications. Variable fees are the sum of marginal charges over all gadgets produced. They also can be taken into consideration regular costs. fixed costs and variable expenses make up the 2 components of the popular fees. Direct expenses are charges that may effortlessly be associated with a selected price item. but, now not all variable expenses are direct fees.
Direct labor and overhead are often called conversion prices, even as direct fabric and direct exertions are regularly known as high prices. for example, variable manufacturing overhead expenses are variable prices that are oblique expenses, no longer direct prices. Variable charges are now and again called unit-stage fees as they vary with the wide variety of units produced.
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which is another term for a free-market system? responses socialism socialism communism communism capitalism capitalism interventionism
d) Capitalism is another term for a free-market system.
Capitalism is a type of economic system in which the means of production and distribution of goods and services are privately owned and operated for profit. In a capitalist system, individuals and companies have the freedom to buy, sell, and produce goods and services as they see fit, and prices, production, and distribution are determined by market forces. This means that supply and demand drive the economy, rather than government intervention. In a capitalist system, there is a relatively low level of government intervention, and individuals and companies are free to compete in the market, pursue their own self-interest, and reap the benefits of their success. This competition encourages innovation, efficiency, and growth, which can lead to higher standards of living and economic prosperity. However, capitalism also has its drawbacks. One of the main criticisms of capitalism is that it can lead to unequal distribution of wealth, as those who are more successful in the market tend to accumulate more wealth than those who are not. Additionally, capitalism can lead to exploitation, as companies may prioritize their profits over the well-being of their employees or the environment.
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question 29 in a command economy, who makes decisions about what to produce, how to produce,and for whom to produce?
In a command economy, the central government makes all decisions.
In a command economy, the central government makes all decisions about what goods and services are produced, how they are produced, and for whom they are produced.
This type of economy is characterized by central planning, where the government decides the direction of the economy and sets production targets for businesses and industries.
In a command economy, the government owns the means of production, such as factories, mines, and farms, and it allocates resources to different sectors of the economy.
This system is designed to promote the interests of the entire society, rather than the individual, and it aims to achieve social and economic equality. However, it can result in inefficiencies and a lack of incentives for businesses and individuals to work hard and innovate.
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george is analyzing the market for his bagel business. he noticed that there are no bagel shops in the northeast section of his city. for george's bagel business, this represents a(n)
George is analyzing the market for his bagel business. he noticed that there are no bagel shops in the northeast section of his city. for George's bagel business, this represents an Opportunity.
A business opportunity is the potential to start a firm by utilizing a market development. It involves some sort of market-wide favorable circumstance. Some businesses prosper because of a business opportunity, whereas others fail. Entrepreneurs are successful as they identify opportunities before others do, plan for them, and then create business models to take advantage of them. An opportunity is crucial for success in business. A business cannot start, grow, or be successful without it. An opportunity's primary function is to provide the foundation for any activity that leads to financial gain and company expansion. Opportunities give firms the chance to develop, adopt, and improve their ideas and inventions. Only those who recognize possibilities early may seize them and profit from them.
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d. is production at a point outside the production possibilities curve currently possible? (click to select) could a future advance in technology allow production beyond the current production possibilities curve? yes could international trade allow a country to consume beyond its current production possibilities curve?
No, production at points outside the production feasibility curve is currently not possible. Yes, future technological advances may allow production beyond the current production feasibility curve. Yes, international trade allows countries to consume beyond their current production potential curves.
Off-curve production is not possible (off-curve consumption can occur through foreign trade). In order to produce beyond the current production potential curve, the economy must realize an increase in available resources and/or technology.
A point within the production possibilities frontier means that production is possible at that time, but resources are not being used efficiently. A point outside the production feasibility frontier means that production cannot be realized at that point with the available resources or technology.
Any point in the production potential curve therefore indicates that the resource is underutilized because the economy can produce more with the given resource. Also, the point beyond the production possibilities curve cannot be reached because the economy does not have the necessary resources to produce such resources. quantity to produce.
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a marketer who first identifies consumer needs and then creates value by providing products that satisfy those needs is practicing the .
The marketing concept is applied by a marketer who first determines consumer wants and then produces value by offering items that meet those needs.
A marketing concept is a set of tactics that businesses use to analyse client needs and put into practise plans to satisfy them. By doing this, they boost sales, maximise profits, and outperform the competition.
The marketing concept is the widely accepted notion that businesses succeed by satisfying the requirements of their customers. Businesses who embrace this viewpoint freely admit that their clients are the lifeblood of their operations.
In a nutshell, it is an action made to draw attention to a business's offerings, which may include both tangible products for sale and services provided. Television commercials, billboards at the side of the road, and magazine adverts are typical instances of marketing at work.
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Complete question:
A marketer who first identifies consumer needs and then creates value by providing products that satisfy those needs is practicing the ________.
A) sales orientation
B) marketing concept
C) customer lifetime value concept
D) production orientation
E) social responsibility concept
dos, a leader in the computer industry, implemented a new strategic action to offer a video streaming service to consumers. the move has proven to be successful. how are competitors likely to respond?
The competitors are likely to imitate actions quickly. It is the result of strategic action taken by the leader of the industry.
What is strategic action?An action plan in project management is a document that outlines the activities to take to accomplish the project's goals and objectives. An action plan outlines the tools you'll need to achieve those objectives, creates a timeline for the tasks or action items, and identifies the team members you'll need to get the job done.
An action plan documents the execution of the project plan. That is, it’s a detailed list of the work that must be done to complete the project goals, including the action steps that are involved in getting from the start of the project to the finish. An action plan is similar to a project implementation plan and it’s very helpful during the project planning and project execution phases.
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the combination of store design, layout, and product display knowledge is called . group of answer choices business process business transaction merchandising service
The combination of store design, layout, and product display knowledge is called merchandising.
Merchandising refers to the process of promoting and selling products to customers, which involves various aspects such as product selection, pricing, and presentation. The design, layout, and display of a store play a crucial role in attracting customers and presenting products in a visually appealing and accessible way, making it an important part of the overall merchandising process.
Merchandising service refers to the various services provided to help businesses promote and sell their products to customers. This can include activities such as product selection and sourcing, pricing, product display and layout, marketing and advertising, and customer service. Merchandising service providers help businesses streamline and optimize their merchandising processes, improve product visibility, and increase sales, making it an important aspect of the retail industry.
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there are two alternatives to reporting cash flows from operating activities in the statement of cash flows: (1) the direct method and (2) the indirect method. true false
True. There are two alternatives to reporting cash flows from operating activities in the statement of cash flows: (1) the direct method and (2) the indirect method.
There are indeed two alternatives to reporting cash flows from operating activities in the statement of cash flows, which are the direct method and the indirect method. The direct method involves reporting the actual cash inflows and outflows from operating activities, while the indirect method starts with net income and then makes adjustments for non-cash items and changes in working capital items to arrive at the cash flows from operating activities. Both methods have their advantages and disadvantages, and companies can choose the method that best presents their cash flows from operating activities in a clear and concise manner.
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involves illegally using someone's personal information to obtain money O A. Insurance fraud O B. Identity theft • c. Securities fraud O D. Tax fraud
involves illegally using someone's personal information to obtain money were Identity theft.
What is information?Information is a general term for everything with the capacity to inform. Information is most fundamentally concerned with the interpretation of what may be sensed. Any naturally occurring process that is not entirely random, as well as any discernible pattern in any medium.
The term Identical theft refers to that, There was the crime of obtaining some personal as well as financial information. As the other person, uses the identically the commit, As there are certain frauds. As made in the identity for committing fraud.
Therefore, The Right option (B) is correct.
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Answer:
Identity theft
Explanation:
anna has a fixed budget for entertainment for the year and likes movies and concerts. if anna spends her entire budget on movies, she can go to 70 movies. if she spends her entire budget on concerts, she can go to 35 concerts. what is the opportunity cost of a concert?
Going to a concert costs the opportunity of seeing two movies. The opportunity cost of a concert is 2 movies.
Anna has a budget for entertainment for the year, which she can spend on movies or concerts. If she spends her entire budget on movies, she can go to 70 movies. If she spends her entire budget on concerts, she can go to 35 concerts. This means that the opportunity cost of a concert is two movies, as for every one concert Anna can attend, she must forfeit the opportunity to go to two movies.
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use the cause and effect table to answer the question. cause effect ? by the mid-1920s, many farms had been foreclosed. which event best completes the table?
By the mid-1920s, many farms had been foreclosed. The primary reason is that many farmers made wartime investments in land and machinery.
What are investments?
A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.
An investment always involves the expenditure of some resource today—time, effort, money, or an asset—in the anticipation of a future return greater than the initial investment. For instance, an investor might buy a financial asset right away with the hope that it would provide income later on or that it can be sold for a profit at a higher price.
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