In 2021, the company switched to the double-declining-balance depreciation method. The depreciation on the building for 2021 is $668,462.
Cost of Building $10,100,000
Less: Residual value $2,100,000
Depreciable cost $8,000,000
Divide by Useful life 20
Annual depreciation $400,000
Accumulated depreciation $800,000 = 400000 × 2
Cost of Building $10,100,000Less: Accumulated depreciation $800,000
Book value of Building $9,300,000
Less: Residual value $610,000
Remaining Depreciable cost $8,690,000
Divide by Remaining useful life 13 = 15-2
Depreciation $668,462
The projected worth of a fixed asset after the end of its lease term or usable life is the residual value, commonly referred to as salvage value. In lease agreements, the residual value is one of the lessor's main methodologies for calculating the lessee's monthly lease payments. A common guideline is that an asset's residual value decreases as its usable life or lease duration lengthens.The accounting technique of spreading out the cost of a tangible item over its useful life is known as depreciation. The amount of depreciation shows how much of an asset's worth has been used.Learn more about Residual value, here
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tops n bottoms corporation reported sales for 2022 of $50 million. tops n bottoms listed $4 million of inventory on its balance sheet. using a 365-day year, how many days did tops n bottoms' inventory stay on the premises? how many times per year did tops n bottoms' inventory turnover? multiple choice 29.2 days, 12.5 times, respectively 12.5 days, 29.2 times, respectively 0.08 days, 12.5 times, respectively 29.2 days, 0.0345 times, respectively
Inventory turnover reveals how quickly a company's inventory changes hands. Inventory that moves quickly has a high inventory turnover. A company might decrease its need for working capital by boosting inventory turnover.
Inventory Turnover= (Value of Inventory/Sales)*365
=($4million/ $50 million)*365
=29.20 days
Inventory Turnover= Sales/ Inventory
= $50 million/$4million
= 12.50
Inventory turnover measures how quickly stock is sold, used and replaced. The cost of products is divided by the average inventory for the same time period to determine the inventory turnover ratio. Higher ratios typically indicate robust sales, while lower ones indicate dismal sales.
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in the solow growth model, increases in capital output and the amount of output used to replace depreciating capital. a) increase; increase b) decrease; increase c) decrease; decrease d) increase; decrease
In the solow growth model, increases in capital increase output and the increase amount of output used to replace depreciating capital.
Option A is correct .
Solow Growth model :
The Solow – Growth model or exogenous growth model is an profitable model of long- run profitable growth. It attempts to clarify long- run profitable growth by looking at capital collection, labor or population growth, and increases in productivity largely driven by technological progress. Solow growth model is a long- term model of profitable growth by looking at three main factors, videlicet capital collection, labor growth, and multifactor productivity. For the ultimate, economists relate to technological process, which affects the other two variables, labor, and capital.
What happens in Solow model when productivity increases?The increase in productivity means that at every position of capital per worker, workers produce further affair. This also means that at a given rate of saving, further is invested. So there's an original increase in affair and investment due to the change in productivity.
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the extent to which the demand for a good changes when the price of a substitute or complement changes, other things remaining the same, is measured as the:
The Cross elasticity of demand is a measurement of how much a good's demand changes when the price of a substitute or complement changes while other factors stay constant.
Explain the concept of Cross elasticity of demand?How responsively people buy more of one commodity when the price of another good rises is measured by an economic concept known the cross elasticity of demand. This statistic, which is also known as cross-price elasticity of demand, is determined by dividing the percentage change in the quantity demanded of one commodity by the percentage change in its price.
How the price of one of the commodities affects the demand for the other is examined by the cross elasticity of demand. It serves as an example of how the relative shift in demand for one good changes as the price of the other rises or falls. Products with no alternatives can command higher prices since there is no cross-elasticity of demand to take into account.
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suppose the median household earned $9,243 in 1976 and $52,765 in 2016. during that time, also suppose the cpi rose from 48.2 to 214.68. instructions: round your answers to one decimal place. a. the total growth rate in nominal median household income from 1976 to 2016 was: %. b. the total growth rate in real median household income from 1976 to 2016 was:
The overall nominal growth rate is 469.40%, whereas the actual growth rate is 28.5%. The concept of nominal growth rate describes how an economy is rated in terms of production, which includes determining current prices.
Real growth rates also consider the actual advancement a nation has made over a period of time.
a) The nominal growth rate overall
= [1 - ((Earned Income in 1976 / Earned Income in 2016)] x 100%
= [(52,624 / 9,242) - 1] x 100%
= 469.40%
=$9243/0.482=19176.3
=$52765/2.14=24656.5
Total Growth Rate=[(24656.5/19176.3)-1]x 100
=28.5
b) Rate of overall real growth = [(2016 Real Earned Income / 1976 Real Earned Income) - 1] * 100%
But,
Actual earnings in 1976
= 1976 CPI / 1976
Earned Income
= $9,242 / 45.06%
=$20,267.54
Actual earnings in 2016
= 2016 earned income / 2016 CPI
= $52,624 / 219.75%
=$20,267.54
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iven what happens to the price buyers pay and the price sellers ultimately receive after a subsidy is granted to sellers, what happens to the level of consumer and producer surplus after the subsidy takes effect?
There is an increase in the consumer as well as producer surplus after the subsidy takes effect.
What the impacts of a subsidy ?Subsidies often have the effect of making it simpler for businesses to produce particular items. After all, they are receiving free money or tax exemptions as assistance. The production costs that producers must face are reduced by these tax pardons or cash payouts. Consumers will ultimately pay less on the subsidised good. This indicates that there are two main effects of subsidies:
The first effect of subsidies is a decrease in the cost of production and the price of the good, which encourages consumers to purchase more of it.Due to the lower cost of production, more businesses will enter the market for subsidized goods as a result of subsidies.To know more about, subsidy, visit :
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The complete question is mentioned below :
Given what happens to the price buyers pay and the price sellers ultimately receive after a subsidy is granted to sellers, what happens to the level of consumer and producer surplus after the subsidy takes effect?
a) Consumer surplus increases, while producer surplus decreases.
b) Both consumer surplus and producer surplus decrease.
c) Consumer surplus decreases, while producer surplus increases.
d) Both consumer surplus and producer surplus increase.
1) the index number representing the price level changes from 110 to 115 in one year, and then from 115 to 120 the next year. since the index number increases by five each year, is five the inflation rate each year? is the inflation rate the same each year? explain your answer.
No. The inflation rate is the percentage change in the price index rather than the number of points changed. In the example, the first-year inflation rate is (115 - 110)/110 = 4.55%. The second-year inflation rate is (120 - 115)/115 = 4.35%.
What is inflation rate?Inflation is defined as an increase in the price of goods and services purchased by households. The rate of change in those prices is used to calculate it. Prices typically rise over time, but they can also fall (a situation called deflation). Consumer prices rose 9.1 percent in the fiscal year ending June 2022, the highest increase in 40 years: U.S. Bureau of Labor Statistics: The Economics Daily According to U.S. Labor Department data published on October 13, the annual inflation rate in the United States is 8.2% for the 12 months ended September 2022, up from 8.3% previously. The next inflation report is scheduled for November 10 at 8:30 a.m. ET.To learn more about inflation rate, refer to:
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In the ________ activity of scm, supply chain managers schedule the activities necessary for production, testing, packaging, and preparation for delivery.
In the Supply chain management activity of scm, supply chain managers schedule the activities necessary for production, testing, packaging, and preparation for delivery.
Supply chain control (SCM) is oversight and control of all the sports required for a agency to convert uncooked materials into finished products which might be then sold to cease-customers.
SCM offers centralized manipulate for the planning, layout, production, inventory, and distribution levels required to provide and sell a employer's merchandise.
A purpose of deliver chain control is to enhance efficiency by using coordinating the efforts of the various entities inside the supply chain. this will bring about a employer reaching a competitive benefit over its opponents and improving the quality of the goods it produces, each of which
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Renters insurance is insurance that covers what?
A: The cost of rebuilding the home
B: The cost of the rental payments for two years.
C: The cost of replacing the home or apartment
D: The loss of a renter's possessions
Renters insurance is insurance that covers D: The loss of a renter's possessions.
What is Renters insurance?Renters insurance can be described as the form of the insurance that help in the protection of the personal property that someone has in a rented apartment.
It should be noted that this insurance is been used by the people that do use condo or home and on the long run they experience unexpected circumstances.
These circumstances can be theft, a fire or sewer backup damage however whenever this damages occur the insurance company will come around to come and inspect the damages and they will help to savage the situation, because their will be some of the charges that the person would have agreed to be paying to the insurance company which would be o some basis, for instance some of the company do accept the payment on the monthly basis, while some of the company do collect te payment on the quarter of the year.
Therefore, option D correct.
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What is the mathematical formula that you would use to describe the financial activity on a bank statement?
The mathematical formula that you would use to describe the financial activity on a bank statement is: ending balance = previous balance + deposits- withdrawals.
What is bank statement?Bank statement can be defined as the statement that help to show the transactions that happens in your accounts on a daily basis.
The transactions shown in your bank statement are the amount you withdraw and the amount you deposited which why a bank statement often has both a debit and a credit side.
Therefore we can conclude that the formula help to summarize the financial activity that take place in your account.
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The mathematical formula that will use to describe the financial activity on a bank statement is: Ending balance = previous balance + deposits- withdrawals.
What is a bank statement?A bank statement is a list of all transactions of money of a person. It contains the amount of money a person deposits and the amount of money he withdraws. It contains the dates and times of deposition and withdrawal.
The money that is withdrawn is debited money, and the money deposit is credit money.
Therefore, the mathematical formula is ending balance = previous balance + deposits- withdrawals.
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Organizational, budgetary, and administrative functions of national parties are the responsibility of.
Organizational, budgetary, and administrative functions of national parties are the responsibility of national parties' committees.
They could make coordinated party expenses on behalf of House, Senate and presidential nominees. Moreover, they've better limits at the contributions they boost than different committees. A political national party is a corporation that coordinates applicants to compete in a specific country's elections. It is not unusual place for the contributors of a celebration to maintain comparable thoughts approximately politics, and events can also additionally sell precise ideological or coverage goals.
Functions of political events Competitive elections.
Political events compete in elections to win a majority and shape a government.Policies and programs. Law making.Create and run a government. Role of the Opposition.Formation of Public Opinion.Learn more about expenses here:
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tom wishes to purchase a property that has been valued at $300,000. he has 25% of this amount available as a cash deposit, and will require a mortgage for the remaining amount. the bank offers him a 25-year mortgage at 2% interest. calculate his monthly repayments. give your answer in dollars and cents. do not include commas or the dollar sign in your answer.
Mortgage at 2% interest in his monthly repayments for 25years as follows:
Given,
Total property value = $300000
Cash deposit rate = 25% or 0.25
Term of mortgage = 25 years
Interest rate = 2% or 0.02
Solution: -
Mortgage amount = Total property value x (1 - cash deposit rate)
= $300000 x (1 - 0.25)
= $300000 x 0.75 = $225000
Monthly interest rate (r) = 0.02/12 = 0.0016666666666667
Number of months (n) = 25 years x 12 = 300
Now,
Monthly repayment = (Mortgage amount x r) \div [1 - (1 + r)-n]
= ($225000 x 0.0016666666666667) \div [1 - (1 + 0.0016666666666667)-300
= $375 \div [1 - (1.0016666666666667)-300
= $375 \div [1 - 0.60678315291087]
= $375 \div 0.39321684708913 = $953.67
So, his monthly payment is $953.67 ANS.
Divide your hobby fee through the quantity of bills you may make that year. If you've got a 6-percentage hobby fee and you are making month-to-month bills, you will divide 0.06 through 12 to get 0.005. Multiply that quantity through your ultimate mortgage stability to discover how tons you may pay in hobby that month.
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redesign the process so that it can achieve the desired output. b use an alternative process that can achieve the desired output c retain the current process but attempt to eliminate unacceptable output using 100% inspection d see whether specs could be relaxed without adversely affecting customer satisfaction. e all of the above
If the process is in control but not capable, I will redesign the process so that it can achieve the desired output.
Following the creation of strategies and plans, management's main task is to take action to see that they are carried out or, if circumstances call for it, amended. This is the primary management characteristic of redesign and control. Because management often involves guiding the actions of others, a key component of the control function is making sure other people carry out the necessary tasks.
Process redesign is a strategy for ensuring that a certain collection of interconnected tasks is carried out accurately and as effectively as possible. The management literature is replete with advice on how to improve manipulation. An overview of a few different types of dimensions and feedback procedures is typically included in this advice.
Complete Question
if the process is in control but not capable, what would you do? a redesign of the process so that it can achieve the desired output. b use an alternative process that can achieve the desired output c retain the current process but attempt to eliminate unacceptable output using 100% inspection d see whether specs could be relaxed without adversely affecting customer satisfaction. e all of the above.
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According to the etextbook, _____________ certification of your company can prove to other companies that your company is committed to sustainability at an organizational level.
According to the etextbook, ISO 14000 certification of your company can prove to other companies that your company is committed to sustainability at an organizational level.
In the field of business, ISO 14000 can be described as a certification that helps in the management and organization of a business. By this certification, a business can claim that they operate under the organizational level.
ISO 14000 helps to work under environmental regulations and comes up with ways to increase the sustainability of a company.
This certification acts as a proof to claim to other organizations that your business has to be regarded at the company level.
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Medicare and social security are mandatory spending categories funded by which type of taxes that are withheld from your paycheck?.
Medicare and social security are mandatory spending categories funded by FICA taxes that are withheld from your paycheck.
A tax is a obligatory financial fee or a few different kind of levy imposed on a taxpayer with the aid of a governmental organization that allows you to fund authorities spending and diverse public prices
Taxes are mandatory contributions levied on individuals or businesses through a central authority entity—whether or not nearby, local, or national. Tax sales finance government sports, consisting of public works and services consisting of roads and colleges, or applications including Social protection and Medicare.
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an arrangement that allows two or more individuals to split a traditional 40-hour-a-week job is called . job sharing telecommuting job rotation gainsharing flextime
When two (or more) employees share a full-time job's responsibilities, they each work a part-time schedule. Alternatively, two (or more) employees who have unrelated part-time jobs share the same budget line.
What advantages does job sharing offer?Advantages of job sharing for the worker : Take advantage of the flexibility of part-time work. Skills and knowledge exchange between job sharers. While changing the structure of their hours, they maintain their degree of seniority with their company. Maintaining an enhanced work/life balance while meeting the demands of a demanding role.
In order for a job to be considered shared, both employees must be responsible for the majority of its duties and work together to complete them. As an illustration, two workers might share a single Community Health Nurse role. The majority of these benefits and drawbacks are applicable to part-time work in general.
Greater sharing of knowledge and skills : When you work together with other employees, you can discuss many elements of the job and trade talents and expertise. Employees can learn a lot more quickly from other employees who are performing the same job as them, especially if they are new to the position or the business.
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what were business practices employed by the titans of industry in the late 1800s? responses developing international cartels and lowering tariffs developing international cartels and lowering tariffs building monopolies and forming trusts building monopolies and forming trusts standardizing production and regenerating crafts standardizing production and regenerating crafts integrating vertically and increasing competition
Business practices employed by the Titans of industry in the late 1800s, is building monopolies and forming trusts. So, the correct answer is (b).
A monopoly is a market framework where one manufacturer or seller controls a significant amount of influence within a particular market. Monopolies are forbidden in unrestricted economies as they limit customer alternatives and impede competitiveness.
Monopolies have the ability to establish prices and erect impediments to entry for competing companies. Companies could become monopolies by consolidating their businesses to control the entire distribution network from manufacturing to sales, or by acquiring rival businesses and becoming the sole producer.
During 1800s, most of the Titans of the industries were employing the business practice of forming monopolies so that there will be no one to compete as well as forming trusts.
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many scholars think that more effective corporate regulation and harsher punishment of corporate criminals may help deter corporate crime. group of answer choices true false
It is true that many scholars think that more effective corporate regulation and harsher punishment of corporate criminals may help deter corporate crime.
What is meant by corporate crime?The term corporate crime is the term that has to do with the crimes that are committed by the people that are working in the corporate environments. That is the crimes that those working in the white collar jobs would commit.
The crimes are usually done for the benefits of the organizations that have employed them. It is believed that if the punishment is harsher, then it would come to a minimum/.
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which of the following would be least likely to cause the production possibilities curve to shift outward? group of answer choices an invention that requires fewer resources to produce a good. a shift in consumer preferences that causes expansion in the output of one product and a decline in output of other products. an expansion in the man-made productive resources available to the economy as the result of a high rate of investment. a decreased desire for leisure by workers in the economy.
Things that alter an economy's output, like technological advancements, resource changes, increases in education or training (this is what we refer to as "human capital"), and adjustments to the labor force, generate shifts in the production possibilities curve.
South America has been one of the most dynamic places for natural gas in recent years. Ample gas supplies and rapidly expanding energy markets are found on the continent. Many nations encourage using natural gas, particularly for electricity generation, to diversify away from hydropower and oil.
An economy's production possibility curve won't move to the right due to reduced unemployment because resources won't grow.
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an accounting information system (ais) processes to provide users with . group of answer choices data; transactions information; data data; benefits data; information
To provide users with information, AIS processes data. Accounting Information System transforms data into something usable and relevant from the raw input, which is not much use to the users.
Explain about the Information?
Information about your business is data that is pertinent, valuable, or meaningful to it. Any materials that satisfy the requirements for being pertinent, valuable, or meaningful for your organization would be included, including reports, spreadsheets, metrics, regulatory reporting, web pages, documents, dashboards, etc.
Data helps business owners understand their consumers, predict client behavior patterns, spot trends, improve the quality of services they give, decrease expenses, develop new products, and more. This assistance extends from marketing and sales to HR and IT.
It is considered that accurate information helps decision-making, increases productivity, and gives the organization that has more knowledge than the competition a competitive edge.
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what should an organization consider when offering incentive pay? (select all that apply.)multiple select question.the strengths and weaknesses of each type of incentivewhether low-achieving employees will feel slighted when their co-workers earn incentive rewardswhat kind of employee will be attracted to the organization because of the incentives being offeredhow the incentive will help achieve the organization's goals
The strengths and weaknesses of each type of incentive, What kind of employee will be attracted to the organization because of the incentives being offered, How the incentive will help achieve the organization's goals.
Incentives, broadly speaking, are any methods of persuading someone to change their behavior. By stating that more incentives result in greater levels of effort and, thus, higher levels of performance, the basic law of economics and the laws of behavior emphasize the importance of incentives.
There are two types of incentives: intrinsic incentives and extrinsic incentives. People's behavior is driven by internal motivations. They are frequently more motivated by the work itself or the internal reward during activities than by the outward reward. There are various internal rewards. For instance, engaging in activities may gratify people's sense of accomplishment and make them feel good.
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a guilderian trader buys a 150 flop barrel of florish pickles by exchanging 15 gulps, and a florish trader buys a 8 gulp crate of guilderian apples by exchanging 80 flops. then the gulp appreciates to 25 flops per gulp. what price must the guilderian pay for the same 150 flop barrel of pickles? gulps how much must the florish trader pay for the same 8 gulp crate of apples? flops
The guilderian would need to pay 375 flops for the 150 flop barrel of pickles. The florish trader would need to pay 200 flops for the 8 gulp crate of apples.
What is trader?
A trader is an individual who buys and sells financial instruments such as stocks, bonds, commodities, and currencies. The function is comparable to that of a brokerage, except that traders normally operate on their own behalf, whereas brokers act on behalf of their clients.
Traders are the most obvious human emblems of the capital markets, particularly those who operate on the increasingly scarce face-to-face trading floors. No market turbulence news item is complete without images of traders gesticulating furiously or looking at computer screens.
The primary distinction between traders is the length of time they retain their possessions. Traders tend to profit from short trends and price swings, whilst investors are recognised for keeping their investments for a lengthier length of time.
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which of the following best describes corporate governance? a. understanding the difference between right and wrong b. what is permitted under the law c. the system of policies, processes, laws, and regulations that affect the way a company is directed and controlled d. the moral quality, fitness, or propriety of a course of action that can injure or benefit people
c. the system of policies, processes, laws, and regulations that affect the way a company is directed and controlled
Which of these stores uses a fulfillment center? A: 7-11 B: Dunkin' Donuts C: Amazon D: Comet Dry Cleaner
Amazon uses a fulfillment center. Thus, option C is correct.
What is a fulfillment center?The order fulfillment center is typically seen as the customer of packaging, receptacles, or sections of canisters it employs to maintain, safeguard, and contain the products which it packages, loads, or sends to the representative of the product seller.
Organizations can subcontract purchase processing to Amazon using the Logistics by Amazon service. Manufacturers transport their goods to Amazon distribution centers, where we choose, package, and ship orders whenever customers make purchases.
Therefore, option C is the correct option.
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What is promotion?
A.
It is the method of demonstrating how marketing mix can be implemented in a business.
B.
It is the method of communicating the process of buying a product.
C.
It is the method of creating awareness about a product amongst the people.
D.
It is the method of informing customers about the functions of marketing.
Answer: It is the method of creating awareness about a product amongst the people.
Explanation:
during arnold and co.'s most recent fiscal year, the income tax payable account had a beginning balance of $42,500. at the end of the year, the income tax payable account still reported a balance of $42,500. the income statement showed income tax expense of $170,000. how much cash was paid for income tax during the year?
$0 was paid for income taxes during the year.
What is income taxes?
An income tax is a tax imposed on individuals or businesses (taxpayers) based on their income or profits. In most cases, income tax is calculated as the product of a tax rate multiplied by the taxable income. Taxation rates may differ depending on the taxpayer's characteristics as well as the type of income. The tax rate may rise as taxable income rises. Corporate tax is a type of tax levied on businesses that is typically levied at a flat rate. Individual income is frequently taxed at progressive rates, with the tax rate increasing with each extra item of income. The majority of states exempt local charitable organisations from taxation. Investment income may be taxed at a different rate than other kinds of income.
The income tax payable account had a beginning balance of $42,500, and at the end of the year, the income tax payable account still reported a balance of $42,500. The income statement showed income tax expense of $170,000.
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_________ is a communication standard that enables business partners to exchange routine documents, such as purchase orders, electronically.
Electronic Data Interchange (EDI) is a communication standard that enables business partners to exchange routine documents.
Electronic data interchange (EDI) refers to the idea of organizations electronically exchanging information such as purchase requisitions and invoices, documents that was previously conveyed on paper. To enable parties to transact such instruments without the need for specific arrangements, technical specifications for EDI exist. There are numerous EDI specifications, some of which cater to the demands of certain industries or geographical areas, and EDI has been around at most since the early 1970s. Additionally, it explicitly alludes to a set of guidelines. EDI can be summed up as the automated movement of structured data between computer systems using pre-established message standards.
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as a financial coach, your client is retiring today with $812365 in retirement savings. you have worked with her to invest that money in a stable account paying a guaranteed rate of 9.1 percent. she will need to make ordinary withdrawals over the expected 135 months of her remaining life. your client is an only child and has no living family members. she has already paid for her funeral and now plans to withdraw her money at the end of every month in equal monthly installments until her account is completely depleted. how much are her monthly payments?
Her monthly payments is $6017.52. A savings account is a simple type of financial product that allows you to deposit funds and earn a small amount of interest.
What is savings account?A business savings account is a bank account where you can save money for future business needs. When you need money, you can get it quickly and easily from your savings account. Depending on your bank, you can choose from a variety of savings accounts. A savings account is a simple type of financial product that allows you to deposit funds and earn a small amount of interest. These accounts are federally insured up to $250,000 per account owner and provide a secure place for your money to grow while earning interest.Business savings accounts can be used for a variety of purposes, including saving for unexpected or planned expenses, earning interest, preventing overdrafts, and increasing security measures. Minimum balances and opportunity costs may apply to business savings accounts.To learn more about savings account, refer to:
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keatts company's bank statement included a nsf check written by one of its customers. what effect will recognizing the nsf check have on the company's financial statements?
Checks returned for insufficient funds (NSF) are noted on the bank reconciliation financial statement as an amended book balance line item, with the NSF amount subtracted from its balance.
To determine the genuine cash amount, the unadjusted book balance is subtracted. The NSF check should be deducted from the unadjusted book balance to get the true cash balance because the company was unaware of it before receiving the bank financial statement. The depositor receives their check back from the bank, and the amount is taken out of their account. Therefore, on the bank reconciliation, NSF checks must be deducted from the company's book balance.
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the deliberate floating on funds between two or more bank accounts in order to make it appear that more cash is present than is really the case is called
Check kiting is the purposeful transfer of money between two or more bank accounts to give the impression that there is more cash on hand than there actually is.
Elaborate on check kiting.A type of check fraud called check kiting or cheque kiting (see spelling variations) involves using fictitious cash from a checking or other bank account by taking advantage of the float. Checks are abused in this way to get unlawful credit instead of being utilized as a negotiable instrument.
The term "kiting" refers to the deliberate writing of a check from an account in one bank for a sum greater than the account balance, followed by the writing of a check from an account in another bank with insufficient funds, the second check being used to cover the insufficient funds from the first account. Check kiting is the practice of artificially inflating a checking account's balance to enable the clearing of written checks that would otherwise bounce. Paper hanging is the slang term for fraud that occurs when there are no plans to replenish the account. Playing the float refers to making a cheque with inadequate funds with the idea that the funds will be available by payday.
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we all know there are lots of no-good, lying, dishonest politicians who have no real-world business experience. many of them can't even understand simple supply and demand concepts that are taught in microeconomics. yet many of them will say anything or do anything to get elected because they are simply power-hungry and love the money that flows in from special interest groups that will make them rich. when a politician like this puts their own interests ahead of the voters, then what do we call this in economics?
The quantity of a good, service, or commodity that is offered and the demand for it are factors that affect its price.
Describe how supply and demand work?The quantity of a good, service, or commodity that is offered and the demand for it are factors that affect its price.Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand. Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.Demand is the market's desire to buy the good or service, whereas supply is the market's capacity to produce the commodity or service.The economic interaction between the sellers and the consumers of various goods is governed by the law of supply and demand.To learn more about supply and demand refer to:
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