Link between economic wants and preferences
Answers
In contrast economic preferences are compared to something, so while you might prefer one thing to another, you might not necessarily need it, or you might even need and want both of them!
Related Questions
When banks make loans, the money supply increasesdecreases .?
in which way can a business contribute time and effort to advance the wellbeing of others by improving the general quality of life in a business context?
A fico score represents all of the following except: (1 point)the amount of money in your retirement account. income to debt ratio. creditworthiness. length of credit history.
Which of the following is an accurate description of banking in the United States?A. Wall Street B. an economic institution C. a recent development D. only state-chartered
Answers
Answer:
c. The amount of the debits must equal the amount of the credits.
Explanation:
a. The number of debit accounts must equal the number of credit accounts.
An account means one record entry of a transaction. There may be more credit or more debit accounts, depending on the transactions.
b. There must always be entries made on both sides of the accounting equation.
Although this happens most often, it is not always true.
The Accounting Equation: Assets = Liabilities + Owner's Equity
The two sides are separated by the equal sign. There can be a transaction that's only on one side. Example:
I buy a chair for $50 cash. Only the furniture and cash accounts are affected, and they are both on the assets side.
c. The amount of the debits must equal the amount of the credits.
This must always be equal. When you increase an asset (debit), you will increase owner's equity (credit). When you decrease an asset (credit) you could either decrease owner's equity or liability (debit).
d. There must only be two accounts affected by any transaction.
This is untrue. Sometimes, three or more accounts can be affected. For example, if I buy a chair, giving $20 down payment and borrowing $30 from the bank. The three accounts affected are furniture (increase by $50), cash (decrease by $20), and bank loan (increase by $30).
Final answer:
In a double-entry accounting system, the amount of the debits must equal the amount of the credits in every transaction.
Explanation:
In recording an accounting transaction in a double-entry system, the correct statement is: c. the amount of the debits must equal the amount of the credits.
In a double-entry system, every transaction affects at least two accounts. The total amount debited in a transaction must always be equal to the total amount credited. This ensures that the accounting equation (assets = liabilities + equity) remains in balance.
For example, if a company purchases inventory for $500, it would debit the inventory account by $500 and credit the accounts payable account by $500, ensuring that the debits ($500) equal the credits ($500).
Learn more about Double-entry system here:
#SPJ6
Answers
D. Customs, would be the answer
That wound be B.Tariffs.
Answers
Answer:
Ira would pay $122.08
Explanation:
Sales tax is a tax levied on a customer (by the government) for the consumption of a product. The final consumer who utilizes the product bears the burden of such tax.
The tax is usually a percentage of the price of the product.
For Ire who bought a racket that cost $112, at a sales tax rate of 9%, the tax to be paid by Ire
= 9% of $112
=×
= 10.08
The sales tax is $10.08
Total amount to be paid
= cost of item + sales tax
= 112 + 10.08
= 122.08
Total amount paid by Ire for the racket is $122.08
112 + 10.08 = 122.08
b. the rate of unemployment.
c. the income tax structure.
d. the presence of a monopoly.
Answers
A. The relative price of goods and services. The law of demand andsupply explains the interaction between the supply and demand of a resource. Thelaw of demand states that if all things are equal, the higher the price thelesser (quantity) the demand for the goods/services. While thelaw of supply states that if all things are equal, the higher the price, thehigher the (quantity) supply of goods/services.
Answers
"1" is the amount of dollars the basket decreased by
**cross multiply the 1 dollar by the 100%
** divide by 8 and you get 12.5%
then the last too blanks are easy ust divid each price into 40
40/8 = 5 baskets
40/7 = 5.71 baskets
Answers
Answer: Parochial
Explanation: A style of management in which the manager having decision authority considers every situation only from his or her own perspective is called Parochial management style. The parochial mangers are the one with illiberal thinking they only considers the situation on the pros and cons related to themselves.
In the above case study, as per the description of the assistant, we can conclude that Steve is a parochial manager.