The economic indicator that would be most useful for figuring out how many goods are being sold to consumers is retail sales. Thus the correct option is B.
The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.
An understanding of an economic growth state is provided through economic indicators. The gross domestic product, or GDP, is used to evaluate how well the economy is doing based on the items that consumers buy during a predetermined time period.
In order to follow consumer demand for completed goods, one important macroeconomic indicator is retail sales. It is mainly useful for determining how many products are sold to consumers.
Therefore, option B is appropriate.
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Answer:
Retail sale
Explanation:
B) False
Answer:
A) True
Explanation:
The prime interest rate is that rate which interprets the creditworthiness of the customer that means which have the highest credit rating, the bank or financial institution gives the prime rate to the customers who maintain the largest accounts with the bank or financial institution.
The prime interest rate depends on loans like a business, personal loans, etc
Answer:
b. the management of limited resources to satisfy unlimited wants.
Explanation:
If the resources were unlimited, or the wants were limited, it would be quite possible to satisfy every single need and want in an almost automatic way - there would be no need for economy as such. Unfortunately, that is not the case, so we need to find ways to assign all our limited resources. That's where the government, the markets, the economic agents and the supply and demand step in.
It is in the market where we are able to trade our goods for other goods (e.g.: we trade our money for apples) - we have something, we need another thing, so we trade what we do have for what we don't have.
You cannot ask for a very high price in exchange for your good, because no one would want to buy it from you - they'd rather go see if the competition has a better deal for them.
On the other hand, what if all the sellers agree to sell their goods at a fixed price, or what if somehow one of them becomes the sole owner of the good? The consumer wouldn't have much of a choice, then, so the market would stop being efficient - supply and demand might not be adequately balanced around their equilibrium price. That's were the government and the market regulations come into the picture.
So, as you can see, the fundamental conflict of economics is that there are not enough resources to satisfy all our unlimited wants.
Answer:
The answer is B: the management of limited resources to satisfy unlimited wants
Explanation:
The appropriate accounting treatment for this situation is debt modification accounting.
This accounting treatment should be used when there is a modification or exchange of debt that results in a concession from the creditor. Under this accounting treatment, the original loan is derecognized and a new loan is recognized at the modified terms.
Calculation for the Carrying Amount of the Loan on January 1, 2021:
Carrying Amount of Loan on December 31, 2020 = $3,100,00
Interest Payments from December 31, 2020 to January 1, 2021 = $38,666.6
Carrying Amount of Loan on January 1, 2021 = $3,100,000 - $38,666.67 = $3,061,333.33
Question 2:
The entry on January 1, 2021 would be as follows:
Debt Modification Expense 38,666.67
Interest Receivable 38,666.67
Question 3:
The entry on December 31, 2021 would be as follows:
Interest Expense (7.5% of 3,061,333.33) 229,595.00
Interest Payable 229,595.00
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B. Psychological factors
C. Consumer spending
D. Government spending
Answer:
Being able to find other entrepreneurs that are interested in the same target market, learning from their experience, asking for their help and building PR relations
Answer:
The correct answer is; This fourth parcel will not be sold because all buyers will purchase it from the seller for at least the minimum price.
Explanation:
All buyers are willing to buy although all are willing to pay more than the minimum price. the seller might need to increase price