Based on the real GDP per capita of Country A and B, it can be concluded that the standard of living in Country B is higher.
What does real GDP per capita mean?Real GDP is the value of all final goods and services produced in an economy in a given year adjusted for inflation. Real GDP per capita is the real GDP of a country divided by the population of the country, Real GDP per capita is used to measure the standard of living of the population.
If the Real GDP per capita of a country is $18,000. It means that the share of the country's Real GDP that each person in that country gets is $18,000.
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How does the existence of substitutes for a product affect the product’s price elasticity of demand?.
The existence of substitutes for a product makes the elasticity of demand more elastic.
What are substitutes?
Substitute goods are goods that can be used in place of another good. If the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.
What is elastic demand?Demand is elastic if the quantity demanded is highly sensitive to price changes. The coefficient of elasticity is usually greater than one.
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Ion Co. purchased land for $190,000. Ion also paid $5,000 in real estate commissions, $1,000 in legal fees, and $500 in title insurance fees. Ion should record the cost of this land at:
Answer:
196,500
Explanation:
I hope this helps. :)
PT should record the cost of the land for $196,500.Since land is not depreciated, it is always reported on the balance sheet at its historical cost and would remain there.
Find the solution ?Since land is not depreciated, it is always reported on the balance sheet at its historical cost and would remain there.Additionally, until the land is sold or included in a transaction, there is no fair value adjustment.Data provided in the question :
Purchasing cost of the land = $190,000
Closing costs paid = $5000
Total regarded cost of the land = $1500
PT should record the cost of the land for
= Purchasing cost of the land + Closing costs paid + Total regarded cost of the land
= $190,000 + $5000 + $1500
= 196500
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Pharmakia is a company that develops and manufactures prescription medicines. Recently, pharmakia has been unable to obtain ingredients key to its medicines, is facing rapidly increasing labor costs, and is paying high tariffs when exporting its medicines. To mitigate these difficulties, pharmakia should consider becoming a:.
To mitigate the difficulties of not being able to obtain essential ingredients for the production of its medicines, facing high labor costs and paying high export tariffs, Pharmakia should consider becoming a countertrade.
What is countertrade?Corresponds to the reciprocal exchange of goods and services through international trade without the use of hard currency. It is a strategy generally used in developing countries, and its advantages are increased industrial growth and access to different items and raw materials.
Therefore, if Pharmakia becomes a countertrade, it can obtain the necessary resources for the production of its medicines in exchange for supplying them to a country through barter, reducing its costs and tariffs.
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The asset that is most susceptible to employee fraud is.
The asset in a company that is typically susceptible to fraud by the employees is known as cash.
What is an asset?An asset simply means the resource that is controlled or owned by a company.
The asset in a company that is typically susceptible to fraud by the employees is known as cash. It should be noted that an asset in a company is important as it can produce positive economic value.
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ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate
Answer:
understanding the interest rate
Explanation:
i took the test
A company received $2,000 of equipment and promised to pay for it next month. The increase in equipment would be recorded with a ______ to the Equipment account.
An increase in the equipment would be recorded with a debit to the Equipment account on the journal entry.
What is Equipment account in journal entry?in journal entry, an Equipment account is used to record the amount spent or received on any equipment.
In conclusion, the increase in the equipment would be recorded with a debit to the Equipment account on the journal entry.
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The increase in equipment would be recorded with a debit to the Equipment account.
Increase in equipmentBased on the information given if the company received the amount of $2,000 of equipment the increase in equipment would be recorded with a debit to the Equipment account.
The appropriate journal entry to record the transaction will be:
Journal entry
Debit Equipment $2,000
Credit Cash $2,000
(To record equipment)
Inconclusion the increase in equipment would be recorded with a debit to the Equipment account.
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A system that a country chooses to allocate its resources and distribute its goods and resources.
Answer: Your answer is an economic system.
Hope this helped!
The purpose of this measure is to Increase employment. Combat inflation. Lower interest rates. Control consumption.
Combat inflation can be defined as a tool which is used by the government with the purpose of increasing the employment at the time of recession in the economy.
What is combat inflation?Combat inflation is a technique used by the national governments or other such authorities to where the cost of wages and controls over prices are levied.
A combat inflation in the economy is an effective technique which acts as a double-edged sword for increasing the employment as well as lowering the cost of hiring for the employers.
The only concern in a combat inflation technique is that it cannot be used as a tool for increasing the unemployment, which is highly and unlikely unfavorable for an economy, leading to loss of jobs.
Hence, option A; The purpose of the combat inflation measure is to increase employment rate in the country is the correct statement.
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Answer:
Combat Inflation
Explanation:
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Explain the importance of a business storefront as an element of visual merchandising.
Answer:
Visual merchandising makes retail spaces more attractive and pleasing for customers, entices foot traffic, and encourages impulse buying.
Explanation:
Visual merchandising makes retail spaces more attractive and pleasing for customers, entices foot traffic, and encourages impulse buying. ... Visual merchandising encourages consumers to buy from your store. This will enhance sales and boost repeat sales.
When the president of Smithson Corp. proposed a new product for launch, his board of directors readily accepted his proposition without considering the risks. This is an example of _____.
If the board of directors readily accepted his proposition without considering the risks. This is an example of groupthink.
What is groupthink?Groupthink occur when a group of people tend to all accept a conclusion or an opinion that was made without considering whether the viewpoint they accepted was risky or good.
Based on the given scenario the board of directors accepting the new product that was independently proposed by the president without considering the risks is an example of groupthink.
Inconclusion If the board of directors readily accepted his proposition without considering the risks. This is an example of groupthink.
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Mateo wants to buy a new guitar and amp that will cost about $2,500. He works part time at a cafe and brings home around $500 per week. He tells his friends he plans to buy the guitar in about two months. What detail of this goal is missing?
The missing detail in Mateo's goal is how much money he can save per week.
While it is known that he brings home around $500 per week from his part-time job at the cafe, it doesn't have information on how much of that income he plans to save each week towards buying the guitar and amp.
To determine if he can achieve his goal of buying the guitar in about two months, it is needed to know how much money he can set aside from his weekly earnings for savings. Without this information, it is challenging to assess whether his goal is achievable within the specified timeframe.
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Mark Ghermizian had quit his job and was looking to start a small business so he could be his own boss. When he read that people spend up to fifteen minutes every day staring at a bathroom stall door, he decided he would find advertisers who wanted to pay to have their advertising messages on bathroom stall doors. Since he has his idea, Ghermizian's next step is to: ___________
a) determine if he has the right personality to run a business
b) choose a form of business organization
c) create a name for his business
d) get financing for his new business
e) create prototype ads
The choosing of form of business organization should be the next step of Ghermizian since he already has his business idea.
What are form of business organization?The form of business organization ranges from establishing a business in form of a sole proprietorship, partnership, corporation, Limited Liability Company etc
Hence, the next step of Ghermizian should be choosing of form of business organization.
Therefore, the Option B is the next step.
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Resort Hotel Company replaces Sharon, a forty-five-year-old employee, with Terry. Sharon files a suit against the employer under the Age Discrimination in Employment Act. To establish a prima facie case, she must show, among other things, that she is
As Sharon files the suit against the employer for Age Discrimination, there is need to establish a prima facie case and show that she is Qualified for the position.
What is Age discrimination?An Age discrimination is a class of discrimination that is age-based rather than on race, ethic, gender etc.
In conclusion, Sharon will have to prove that she is Qualified for the position.
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Goods sold to Seema for Rs. 4,000 and received Rs. 1,000 as partial payment.
Gloria Catering provided $1,000 of catering services and billed its client for the amount owed. Determine the general journal entry that Gloria Catering will make to record this transaction.
The general journal entry that Gloria Catering will make to record this transaction is: Debit Accounts receivable $1000; Credit Catering revenue $1000.
Journal entryAssuming Gloria Catering provided the amount of $1,000 of catering services and billed its client for the amount owed. The appropriate journal entry to record this transaction is :
Gloria Catering Journal entry
Debit Accounts receivable $1000
Credit Catering revenue $1000
(To record account receivable)
Inconclusion the general journal entry that Gloria Catering will make to record this transaction is: Debit Accounts receivable $1000; Credit Catering revenue $1000.
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What two words are repeated throughout the fbla-pbl creed?.
The two words are repeated throughout the fbla-pbl creed is: I believe.
What is fbla-pbl creed?Fbla-pbl creed which full meaning is Future Business Leaders Of America-Phi Beta Lambda is an organization which want everybody to have a good education as well as a great career path.
Fbla-pbl creed goals is to impact life and make the world a better place for people.
The word "I believe" was repeated throughout the fbla-pbl creed because the organization believe that everyone has the right to be educated.
Inconclusion the two words are repeated throughout the fbla-pbl creed is: I believe.
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Consider a piece of machinery that is still in use and highly productive. A(n) would say that that machine should not be counted in depreciation because it is still part of the productive process.
If a piece of machinery is still in use and still productive, the person who would say it should not be counted in depreciation is an Economist.
Why would an economist say this?In economics, an asset should only be depreciated when it can no longer produce goods and services.
In this case, the asset is till producing and is still very much in use. An economist would therefore recommend against counting this machinery in depreciation.
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How many credit cards does the average american have.
Answer:
about 4
Explanation:
the average american has or did have 4 credit cards. .
Dow CEO Jim Fitterling mentions a(n) _____ in support of companies' efforts to remove plastic waste from the oceans.
In order for companies to remove plastic waste from the oceans, an alliance was mentioned.
What is an alliance?An alliance simply means a form of agreement between two or more entities to achieve a common goal.
Dow CEO Jim Fitterling mentions an alliance in support of companies' efforts to remove plastic waste from the oceans. This was vital to help reduce pollution.
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Peter Metcalf says that at Black Diamond, all of their employees have a passion for outdoor activities. At their Asian facility, they asked new employees to learn to rappel off the roof of the facility, and they do weekend hiking events. These activities serve to increase the: _________
Since the employees are asked to learn to rappel off the roof of the facility, then, these activities serve to increase the cognitive component of their cultural intelligence.
What is the cognitive component & cultural intelligence?The cognitive component deals with the ability to think while the cultural intelligence entails skill to relate and work effectively in culturally diverse situations
In conclusion, because the employees are asked to learn to rappel off the roof of the facility, then, these activities serve to increase the cognitive component of their cultural intelligence.
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Lucia is responsible for establishing a confidential service that employees can use to question if a practice is unethical and she also makes sure the company complies with government laws and regulations. Lucia is an example of a(n) _____.
Answer:
ethics officer
Explanation:
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Which situation shows how a consumer's prior decision influences their future decisions within the same product category
The that shows how a consumer's prior decision influences their future decisions within the same product category is when a consumer joins a health club and needs to buy running shoes and athletic wear.
What are future decisions?Future decisions are those decisions that can be made by customer after a thorough examination of a particular product.
Then they can now make a decision whether to buy or not.
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What is the major difference between a nonprofit organization and a for-profit organization?.
Answer:
nonprofits have a social mission, while for-profits aim to offer products and services that are valuable and that make them a tom of money. Then they get money. and also non profits don't make a profit they just pay for themselves and their product.. 0 profit
Explanation:
Firms that can employ and establish _________________, are more likely to protect their competitive advantage from being copied and/or eroding away. Group of answer choices isolating mechanisms key human capital cash equivalents a strong competitor response
It should be noted that Firms that can employ and establish isolating mechanisms are more likely to protect their competitive advantage.
What is Isolating mechanisms?
Isolating mechanisms serves as the ways in which groups of individuals become separated for long enough to have different perspective.
With Isolating mechanisms a firm can protect their competitive advantage from being copied and/or eroding away.
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The company shipped merchandise valued at $75,000 F.O.B. destination on December 23, year 2, and recorded the sale and relief of inventory on that date. The customer received the merchandise on December 31, year 2. The merchandise has a profit margin of 10%. Record the necessary year 2 adjustments, if any.
Answer:
A is the answer through Alex
The ending balances for an accounting period become the beginning balances of the subsequent accounting period. This statement is:.
It is true that ending balances for an accounting period become the beginning balances of the subsequent accounting period.
Why is this statement true?In accounting, a financial record is prepared on annual base, hence, the ending balance for a particular year will be carry forward for preparation of subsequent year account.
In conclusion, It is true that ending balances for an accounting period become the beginning balances of the subsequent accounting period.
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If Daniel's cupcake shop has fixed
costs of $10,000, and a variable cost
of $1.00 per cupcake, what are his
total costs if he sells 2,000 cupcakes?
Answer choices:
- $14,000
- $12,000
- $8,000
- $10,000
$1 per cupcake for 2000 cupcakes = $2,000
Add the fixed costs:
$2000 + $10000 = $12.000
Answer: $12,000
Dell manufactures all the necessary components for its desktops and laptops. It assembles these components into basic computers that can be sold in stores and also assembles products to the exact specifications of customers. Dell is engaged in ______.
In the above scenario, Dell is engaged in mass customization.
Why is mass customization vital?Mass customization is known to be the act or a marketing and manufacturing method that is known to use the combination of the flexibility and personalization of custom made goods with the low unit costs that are linked with mass production.
Mass customization is known to be a useful marketing solution for getting and retaining consumers and creating a long term relationships with them.
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What fraction with a denominator of 12 is equivalent to 3/6?
3/6=?
Answer:
6/12
Explanation:
In which team leadership activity is strong member identification encouraged because it will lead to better performance
The team leadership activity which involves strong member identification and encouragement results to establishing the team..
What is team leadership?Team leadership can be regarded as the activities involving planning and controlling of the team and giving motivation in order to achieve set goals.
And this usually lead to better performance of member.
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