BUSINESS HIGH SCHOOL

Suggest one project that Bricks Construction could implement to address each key problem listed in the scenario (unemployment, Lack of housing and poor education and training)

Answers

Answer 1
Answer: Here are some projects that bricks construction could implement to address each of the keys problem :

- Unemployment: Create more projects which could use a lot of uneducated workers
- Lack of housing : Create some sort of company's complex allocated only for workers
- Poor Education and Training : Create more education center that teach future workers about specific skill set

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Office Equipment has a balance of $9,000. The equipment has a useful life of 3 years and a salvage value of $3,000. At the end of the year, how is the adjusting entry for depreciation recorded on a multi-column trial balance worksheet?

Answers

Answer:

                                                       Debit                        Credit

Depreciation                                  $2,000

Accumulated depreciation                                             $2,000

Explanation:

The formula for calculating the depreciation of the office equipment is given below:

Depreciation=(cost of equipment-salvage value)/useful life

In this question,

cost of equipment=$9,000

Salvage value=$3,000

useful life=3 years

Depreciation=(9000-3000)/3=$2,000

The adjusting entry which shall be recorded in respect of the above calculated depreciation is given below:

                                                       Debit                        Credit

Depreciation                                  $2,000

Accumulated depreciation                                             $2,000

                                                                   

A business owner must decide whether to improve the benefits she offers heremployees. She calculates that improving benefits will cost the company an
extra $1,000 per employee each year. This could prevent her from hiring as
many new employees as she would like over the next few years. On the other
hand, better benefits will help her hire more qualified employees who will stay
with the company for longer.
The potential value of hiring more qualified employees at the cost of more
expensive benefits is an example of a(n)
A. margin
B. scarcity
C. trade-off
D. incentive

Answers

Answer: C. trade-off

Explanation:

If the business owner hires more qualified employees at the cost of paying more for expensive benefits, this is considered a trade-off because she is trading higher costs for more quality.

Trade-offs arise as a result of scarcity. Since resources (money for benefits in this case) are limited, the business owner would have to trade one thing for another instead of being able to get everything she wants. The thing she will exchange will be more expensive benefits for better quality employees.

Which statements are true according to the law of supply?1.)A decrease in demand leads to an increase in supply.
2.)A decrease in demand leads to a decrease in supply.
3.)An increase in price leads to a decrease in supply.
4.)A decrease in price leads to a decrease in supply.
5.)An increase in price leads to an increase in supply.

Answers

I believe the answer is: 
-A decrease in price leads to a decrease in supply.
-An increase in price leads to an increase in supply.

As the price of a product fall down, the amount of profit that the sellers would get for selling the product would also fall. This would cause them to decrease the amount of supply so they can produce more profitable happen. The exact opposite happen when the price of the product rises.

The true statements according to the Law of Supply are:

  • A decrease in price leads to a decrease in supply.
  • An increase in price leads to an increase in supply.

What happens when prices rise?

When there is an increase in prices, the Law of Supply shows that there will be an increase in supply because suppliers will want to make more profits.

If the prices decrease however, a situation arises where suppliers will reduce supply as the profit incentive is gone.

Find out more on the Law of Supply at brainly.com/question/3699486.

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Gwyn owns a furniture store. She notices prices at other furniture stores have increased dramatically over the past two years. She decides she needs to expand her output because demand must be growing. However, in order to do so, she needs to find a loan. What problems could inflation cause for Gwyn?)A. Gwyn may need to spend money to update her price displays throughout the store.B. Gwyn might misinterpret rising prices associated with inflation for a higher demand.Lenders may be wary of providing C. Gwyn a loan because it is difficult to predict future price levels.D. Gwyn will need to pay more capital gains taxes.

Answers

Answer:

B.) Gwyn might misinterpret rising prices associated with inflation for a higher demand.

Explanation:

Inflation rate is defined as an increase in the general level of prices in an economy. Therefore if the inflation rate is increasing, you will need a larger amount of currency (e.g. dollars) to buy a certain amount of goods. As the inflation rate increases, the purchasing power of the currency decreases.

For example, if a gallon of gas costs $3, and the inflation rate is 10%, you will need $3.30 to buy the same gallon of gas. The amount of goods purchased does not increase (the demand didn't increase), only the amount of money needed to purchase the goods increases.

Explain the role of an entrepreneur in the economy

Answers

To start their own business, usually this supports their local economy however still depending on their success. 

Jill earns a salary of $425.00 per week, plus a commission of 20% on all sales. Last week she sold $1,123 worth of goods. How much was she paid?

Answers

To find 20% of the value of the goods,
1,123 x 20% (this is the same as 1,123 x 0.2)
= 224.6

Add the salary and the commission,
425.00 + 224.6
= 649.60

Therefore Jill was paid $649.60 last week

Jill was paid $649.60 last week

answer.$649.60
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