On August 1, 2020, Waterway Industries purchased a new machine on a deferred payment basis. A down payment of $4300 was made and 4 annual installments of $25800 each are to be made beginning on September 1, 2020. The cash equivalent price of the machine was $97000. Due to an employee strike, Waterway could not install the machine immediately, and thus incurred $2200 of storage costs. Costs of installation (excluding the storage costs) amounted to $3700. The amount to be capitalized as the cost of the machine is

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:

Rich is researching for an economics paper on the history of exchange rates between the us and great britain. the best choice for rich to use is

Value economics capital scarcity opportunity cost wealth labor trade-offs standard of living good a. condition of not having enough resources to produce all the things people want b. alternative choices made by consumers in the marketplace c. sum of those economic products that are tangible, scarce, useful, and transferable d. tools, equipment, machinery, and factories used in the production of goods and services e. tangible item that is economically useful or that satisfies an economic want f. quality of life based on the ownership of the necessities and luxuries that make life easier g. people with all their efforts, abilities, and skills h. cost of the next-best alternative use of money, time, or resources when one choice is made rather than another i. study of how people try to satisfy their needs through the careful use of scarce resources j. worth that can be expressed in dollars and cents