Answer:
1 . Their exploitation creates employment
2 . Provides raw materials for industries
3. They are sued to generate income for a country/ foreign income
4. They are basic factors for sustenance of a life e.g. irrigation schemes
5. Provides means of transport
Explanation:
(STATEMENT OF STOCKHOLDERS’ EQUITY) In its most recent financial statements, Nessler Inc. reported $75 million of net income and $825 million of retained earnings. The previous retained earnings were $784 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.
Answer:
95 mill
Explanation:
On January 1, 2020, QuickPort Company acquired 90 percent of the outstanding voting stock of
NetSpeed, Inc., for $810,000 in cash and stock options. At the acquisition date, NetSpeed had
common stock of $800,000 and Retained Earnings of $40,000. The acquisition-date fair value of
the 10 percent noncontrolling interest was $90,000. QuickPort attributed the $60,000 excess of
NetSpeed's fair value over book value to a database with a five-year remaining life.
During the next two years, NetSpeed reported the following:
Net Income
Dividends Declared
2020
2021
$ 80,000
115,000
$8,000
8,000
On July 1, 2020, QuickPort sold communication equipment to NetSpeed for $42,000. The
equipment originally cost $48,000 and had accumulated depreciation of $9,000 and an estimated
remaining life of three years at the date of the intra-entity transfer.
a. Compute the equity method balance in QuickPort's Investment in NetSpeed, Inc., account as of
December 31, 2021.
b. Prepare the worksheet adjustments for the December 31, 2021, consolidation of QuickPort and
NetSpeed.
a) If on January 1, 2020, QuickPort Company acquired 90 percent of the outstanding voting stock of NetSpeed, Inc., the equity method balance in QuickPort's Investment in NetSpeed, Inc., account as of December 31, 2021 will be:
Investment Account:
Consideration paid (fair value) $810,000
Net Income for 2020 $80,000
Database distribution ($60,000/5) ($12,000)
Netspeed's adjusted income $68,000
($80,000-$12,000)
Quickport ownership percentage 90%
(100%-10%)
Quickport share of net income $61,200
(90%×$68,000)
Gain on equipment transfer $3,000
[$42,000-($48,000-$9,000)
Depreciation adjustment (6 Months) $500
[($3,000/3year)/2]
Equity in earnings of Netspeed $58,700
($61,200-$3,000+$500)
Quickport share of Netspeed's dividends ($7,200)
(90% ×$8,000)
Balance 12/31/2020 $861,500
($810,000+$58,700-$7,200)
Netspeed's reported net income for 2021 $115,000
Database amortization ($12,000)
($60,000/5)
Netspeed's adjusted 2021 net income $103,000
Quickport's ownership percentage 90%
(100%-10%)
Quickpoet's share of Net speed net income $92,700
(90%×$103,000)
Depreciation adjustment $500
[($3,000/3year)/2]
Equity in earnings of Netspeed company 2021 $93,200
($92,700+$500)
Quickport's share of Netspeed's dividend ($7,200)
(90% ×$8,000)
Balance 12/31/2021 $947,500
($861,500+$93,200-$7,200)
b. Preparation of the worksheet adjustments for the December 31, 2021, consolidation of QuickPort and NetSpeed.
1. Dr Equipment $6,000
($48,000 - $42,000)
Cr Investment in Netspeed $2,500
($3,000-$500)
Accumulated depreciation $8,500
($6,000+$2,500)
2. Dr Common stock-Netspeed $800,000
Dr Retained eanings-Netspeed $114,000
[$42,000+($80,000-$8,000)]
Cr Investment in Netspeed $822,600
[($800,000+$114,000)×90%]
Cr Noncontrolling interest $91,400
[($800,000+$114,000)×10%]
3. Dr Database $36,000
($48,000-$12,000)
Cr Investment in Netspeed $32,400
($36,000×90%)
Cr Noncontrolling interest $3,600
($36,000×10%)
4. Dr Equity in earnings of Netspeed $93,200
Cr Investment in Netspeed $93,200
5. Dr Investment in Netspeed $7,200
Dividends declared $7,200
(90%×$8,000)
6. Dr Amortization expense $12,000
Cr Database $12,000
($60,000/5)
7. Dr Accumulated depreciation $1,000
Cr Depreciation expense $1,000
($3,000/3 years)
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Which scenario best reflects the relationship between production and demand in a recession?
Car dealerships have minimal overstock.
Car dealerships are not restocking.
• Car dealerships cannot sell their stock.
• Car dealerships cannot obtain stock.
Answer:
A car dealership can't sell their stock
Explanation:
In a recessionary economic situation, the scenario that best reflects the relationship between production and demand is a car dealership cannot sell its stock.
What characterizes a recession?It occurs when an economy declines for two consecutive quarters. It is an analysis that is based on the variation of a country's GDP.
Therefore, in a recession situation, consumers would generally choose to spend their money on essentials such as food and medicine. It is then concluded that the sale of vehicles in this period would be reduced and therefore the dealerships would not sell their stock.
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1. A pharmacy has determined that a healthy person should receive 70 units of proteins, 100 units of carbohydrates and 20 units of fat daily. If the store carries the six types of health food with their ingredients as shown in the table below, what blend of foods satisfies the requirements at minimum cost to the pharmacy? Make a mathematical model for the given problem.
Answer: 50
Explanation: test
What strategies and plans would you develop to improve communication at all levels?
Answer:
Keep it real. When delivering your message, be truthful and as complete as possible. ...
Be timely. Don't wait until you have all the information to deliver a message. ...
Focus on consistency. ...
Tailor your message. ...
Reinforce it. ...
Encourage feedback. ...
Empower your managers.
Explanation:
Ever since Damien interned at an accounting firm the summer after his freshman year of college, he’s wanted to become a CPA working at a large firm. Now, several years later after graduating from college, passing the CPA exam, and working at medium-sized firm, he’s been offered a job at a large national firm with the potential to become a partner in five years. Which of the five needs has Damien attained?
The need from Maslow's Hierarchy of Needs that has been accomplished is the esteem needs.
Maslow's Hierarchy of Needs simply refers to the theory of motivation that implies that there are certain needs that affect the behavior of a person.
Maslow's Hierarchy of Needs include:
Physiological needsSafety needsLove and belonging needsEsteem needsSelf-actualization needsBased on the information given, Damien has attained the esteem needs. This includes self-worth, respect, recognition, and reputation. Since Damien is wanted to become a CPA working at a large firm, he's in the fourth stage which is esteem needs.
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Calcular el interes que genera un capital emprestado de $ 15500 a una tasa del 6,5% anual durante 240 dias
Necesito ayuda
Answer:
I think answer is 41.97.
A manufacturer has two manufacturing departments, Assembly and Painting. The company uses the FIFO method and it reports the following data. Units completed in the Assembly department are transferred to the Painting department. Units Direct materials Percent Complete Conversion Percent Complete Beginning work in process inventory 75,000 60% 40% Units started this period 900,000 Units completed and transferred out 885,000 Ending work in process inventory 90,000 80% 30% Production cost information for the Assembly department follows. Beginning work in process Direct materials $ 134,400 Conversion 45,900 $ 180,300 Costs added this period Direct materials $ 3,693,600 Conversion 2,690,100 $ 6,383,700 Calculate the number of units started and completed this period for the Assembly department.
The number of units that the manufacturer started and completed this period for the Assembly Department is 810,000 units.
Data and Calculations:
Units Direct materials Conversion
Percent Complete Percent Complete
Beginning WIP inventory 75,000 60% 40%
Units started this period 900,000
Units completed and
transferred out 885,000
Ending WIP inventory 90,000 80% 30%
Units started and completed this period = Units completed and transferred out - Beginning work in progress inventory
= 810,000 units (885,000 - 75,000)
Thus, it is also equal to Units started in the Assembly Department during the period minus Ending work in progress inventory
= 810,000 units (900,000 - 90,000)
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(Textbook Numerical Problems 4). The Missing Link Chain-Link Fence Company is trying to determine how many chain-link fabricating machines to buy for its factory. If we define a chain-link fence of some specified length to be equal to one unit of output, the price of a new fabricating machine is 60 units of output, and the price of a one-year-old machine is 51 units of output. These relative prices are expected to be the same in the future. The expected future marginal product of fabricating machines (i.e., MPKf), measured in units of output, is 165-2K, where K is the number of machines in use. There are no taxed of any sort. The real interest rate is 10% per year. (a). What is the user cost of capital? Specify the units in which your answer is measured.
The user cost of capital will be 15 units.
Price of new fabricating machine= 60 units of output
Price of a one-year-old machine = 51 units of output
Marginal cost of fabricating machine = 165 - 2K
Real interest rate = 10%
We'll then calculate depreciation which will be:
= (60 - 51)/60 × 100
= 9/60 × 100
= 15%
Therefore, the cost of capital will be:
= (Interest rate + Depreciation) × Price
= (0.10 + 0.15) × 60
= 0.25 × 60
= 15
Therefore, the user cost of capital is 15 units
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Most corporations pay quarterly dividends on their common stock rather than annual dividends. Barring any unusual circumstances during the year, the board raises, lowers, or maintains the current dividend once a year and then pays this dividend out in equal quarterly installments to its shareholders. a. Suppose a company currently pays an annual dividend of $2.80 on its common stock in a single annual installment, and management plans on raising this dividend by 6 percent per year indefinitely. If the required return on this stock is 12 percent, what is the current share price
Suppose a company currently pays an annual dividend of $2.80 on its common stock in a single annual installment, and management plans on raising this dividend by 6 percent per year indefinitely. If the required return on this stock is 12 percent, what the current share price will be is : $49.47
Using this formula
P0 = [D0 × (1 + g)] / [r - g]
Where:
P0 = Current share price
D0=Annual dividend
g=growth
r=Required return
Let plug in the formula
P0= [$2.80 × (1 + 0.06)] / [0.12 - 0.06]
P0= [$2.80 × (1.06)] / [0.06]
P0= $2.968 / 0.06
P0= $49.47
Inconclusion suppose a company currently pays an annual dividend of $2.80 on its common stock in a single annual installment, and management plans on raising this dividend by 6 percent per year indefinitely. If the required return on this stock is 12 percent, what the current share price will be is : $49.47
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The following information pertains to Carla Vista Company.
1. Cash balance per books, August 31, $7,374.
2. Cash balance per bank, August 31, $7,338.
3. Outstanding checks, August 31, $696.
4. August bank service charge not recorded by the depositor $48.
5. Deposits in transit, August 31, $3,110.
In addition, $2,426 collected for Carla Vista Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Carla Vista Company.
Required:
Prepare a bank reconciliation at August 31, 2022.
If in addition, $2,426 collected for Carla Vista Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Carla Vista Company. The bank reconciliation at August 31, 2022 will be:
Adjusted cash balance per bank $9,752 Adjusted cash balance per books $9,752Carla Vista Company bank reconciliation
Cash balance per bank statement $7,338
Add Deposit in transit $3,110
Less Outstanding checks ($696)
Adjusted cash balance per bank $9,752
Cash balance per books $7,374
Add Electronic funds transfer received $2,426
Less Bank service charge ($48)
Adjusted cash balance per book $9,752
Inconclusion if in addition, $2,426 collected for Carla Vista Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Carla Vista Company. The bank reconciliation at August 31, 2022 will be:
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An attempt to assess the worth of each job relative to other jobs is known as
Select one:
a. job analysis.
b. job evaluation
c. the wage-level decision.
d. performance appraisal.
e. benefit determination.
Can someone help??
An assessment is often carried out to fine out if someone or someone is performing up to task or doing what is expected.
An attempt to assess the worth of each job relative to other jobs is known as job evaluation.Job Evaluation is simply refered to as a form of stepwise process of knowing the capabilities or worth of one job when compared to another job in the organisation. During this evaluation, the known capabilities of various jobs are thoroughly viewed or assessed so that wages can be paid based upon the worth of the job.
Conclusively, Relative worth is known by based on job description and job specification and as such, job evaluation helps to know wages and salary level for all jobs.
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Job order costing can be applied or used at the same time with
a. actual costing system
b. normal costing system
c. both a and b
d. none of the above
Oleg's four employees have been with him since he opened Ready Recruitment Services nearly a decade ago. As he anticipates staffing his new branch office, he decides none of these four long-time employees are ready to manage the office. Faced with this difficult situation, what should Oleg do
Faced with this difficult situation, ideally, Oleg would run the new branch himself and nominate one of the three to assume the original office, as this would be a way to demonstrate confidence and test the skills of an employee in a higher position.
In this way, the former employee's chances of succeeding in a more responsible management position would increase, due to the employee's long-term knowledge of the workplace and organizational structure.
Oleg should choose for the position and train the collaborator who:
Demonstrate greater innovation and creativity.Be flexible.Have assertive communication skills.Therefore, this would be a way for Oleg to analyze the skills as a manager of an employee in relation to a work environment he already knows.
Oleg would also be able to increase his willingness to manage the new office effectively.
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Question 1
A) Sarah has an apple and Ava has a bag of chips. Sarah would rather consume the bag of chips, and Ava would prefer to consume the apple. Which of the following is an example of bartering?(1 point)
Sarah pays Ava $1 for her bag of chips.
Ava pays Sarah $1 for her apple.
Sarah trades her apple for Ava's bag of chips.
Sarah and Ava consume the goods they currently possess.
Question 2
A) Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and services. In this case, gold is functioning as a(n)(1 point)
store of value.
unit of account.
fiat money.
medium of exchange.
Question 3
A) Consider a hypothetical economy in which rice functions as money. In addition to being valued as money, rice is valued as a consumer good. In this scenario, rice is said to be(1 point)
fiat money.
representative money.
currency.
commodity money.
Question 4
A) Elementary school students often trade food items at lunch in an effort to have the best lunch possible. In one elementary school, pudding cups have become so popular that they have become a unit of account. This means that(1 point)
a pudding cup will likely have the same purchasing power tomorrow as it does today.
a pudding cup entitles its holder to a share of some valuable asset.
students are eager to accept pudding cups in exchange for any lunch item.
the price of other lunch items is expressed in quantities of pudding cups.
Question 5
A) Which of the following illustrates the difference between the U.S. dollar, a form of fiat money, and a U.S. gold certificate, a representative currency?(1 point)
A U.S. dollar does not have value in addition to its value as money.
A gold certificate does not represent a claim to some specific asset.
A gold certificate does not have value in addition to its value as money.
A U.S. dollar does not represent a claim to some specific asset.
The correct answers are:
C. Sarah trades her apple for Ava's bag of chips.
D. medium of exchange.
D. commodity money.
D. the price of other lunch items is expressed in quantities of pudding cups.
D. A U.S. dollar does not represent a claim to some specific asset.
A company purchased $4,400 worth of merchandise. Transportation
costs were an additional $385. The company returned $305 worth of
merchandise and then paid the invoice within the 2% cash discount
period. The total cost of this merchandise is:
Answer:
If I did get it right it should be 4,569.6
Del Gato Clinic's cash account shows a $14,298 debit balance and its bank statement shows $14,156 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $2,872. The June 30 bank statement lists a $60 bank service charge. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $398. The June 30 cash receipts of $2,963 were placed in the bank night depository after banking hours and were not recorded on the June 30 bank statement.
Required:
Prepare the adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation.
If on June 30 bank statement lists a $60 bank service charge. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $398. The adjusting journal entries that Del Gato Clinic must record as a result of preparing the bank reconciliation will be:
a) No journal entry required
b) Debit Miscellaneous expenses $60
Credit Cash $60
c) Debit Cash $9
Credit Utilities expense $9
Preparation Del Gato Clinic adjusting journal entries
a) No journal entry required
b) Debit Miscellaneous expenses $60
Credit Cash $60
(To record bank service charge)
c) Debit Cash $9
Credit Utilities expense $9
($398-$389)
(To record utilities expense)
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The demand curve shows that the quantity consumed of a good or service
Question 6 options:
decreases as price decreases
is not affected by price
increases as price increases
increases as price decreases
Answer:
increase by price
Explanation:
because, of quantity let me m know if I am correct I am pretty sure I am
Explain what options there are for student loans.
Answer:
federal student loans and private loans.
Explanation:
the ABC manufacturing firm, the average withdrawal rate for product A is 20
cartons per day, safety stock is 5 days, order lead time is 10 days, and the
order quantity is 45 days.
Requirement: What are the maximum and average quantities of unit loads to be
stored?
Answer:J is between H and K. If HJ=6x-5, JK=4x-6 and KH= 129, find the value of HJ
Explanation:J is between H and K. If HJ=6x-5, JK=4x-6 and KH= 129, find the value of HJ
Wyoming Restoration Company completed the following selected transactions during July 20Y1:
July 1. Established a petty cash fund of $1,200. 12.
The cash sales for the day, according to the cash register records, totaled $8,356. The actual cash received from cash sales was $8,389. 31.
Petty cash on hand was $217. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt:
July 3. Store supplies, $510.
7. Express charges on merchandise sold, $90 (Delivery Expense).
9. Office supplies, $30.
13. Office supplies, $35.
19. Postage stamps, $50 (Office Supplies).
21. Repair to office file cabinet lock, $60 (Miscellaneous Administrative Expense).
22. Postage due on special delivery letter, $28 (Miscellaneous Administrative Expense).
24. Express charges on merchandise sold, $135 (Delivery Expense).
30. Office supplies, $25.
July 31. The cash sales for the day, according to the cash register records, totaled $10,289. The actual cash received from cash sales was $10,275.
31. Decreased the petty cash fund by $100.
Journalize the transactions.
The appropriate journal entries Wyoming Restoration Company for the month of July 20Y1 are:
July 1
Debit Petty cash $1,200
Credit Cash $1,200
July 12
Debit Cash $8,389
Credit Cash short and over $33
($8,389-$8,356)
Credit Sales $8,356
July 31
Debit Store supplies $510
Debit Delivery expense $225
($90+$135)
Debit Office supplies $140
($30+$35+$50+$25)
Debit Miscellaneous Administrative Expense $88
($60+$28)
Debit Cash short and over $20
[$983-($510+$225+$140+$88)]
Credit Cash $983
($1,200-$217)
July 31
Debit Cash $10,275
Debit Cash short and over $14
($10,289-$10,275)
Credit Sales $10,289
July 31
Debit Cash $100
Credit Petty Cash $100
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If an insured under a variable life insurance policy does , how will the insurer respond to outstanding policy loans
Variable life insurance is quite different from policies like Conventional Whole life assurance, Fire Insurance, Motor Insurance, House-owner Insurance etc.
This type of life insurance provides permanent life insurance policy with an investment component which acts similarly to a mutual fund investment.It is important to understand that the policy does provide loan out features to the life assured if the policy have been in existence for long.In conclusion, the loan are not required to be paid back, rather, they will be deducted from the Cash value (Benefit payable) on the Variable life insurance policy.
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COMO CREES QUE SE PODRIA SOLUCIONAR LA POBREZA ?? POR FAVOR DOY CORONA , Y CORAZON ( E QUE NO SEPA NO ESCRIBA ) :(
Answer:
tenga pa que se entretenga
It is December 31, the end of the year, and the controller of Saxton Corporation is applying the lower-of-cost-or-market (LCM) rule to inventories. Before any year-end adjustments, the company reports the following data: LOADING...(Click the icon to view the data.) Saxton determines that the net realizable value of ending inventory is $48,000. Show what Saxton should report for ending inventory and for cost of goods sold. Identify the financial statement where each item appears. Financial statement where item is reported Balance to be reported Inventory Balance Sheet Cost of goods sold Income Statement 393000
The inventory that will be reported on the balance sheets is $43000 while the cost of goods sold is $455000
Your question is incomplete. A similar question will be used on guiding you. Let's assume the following figures:
The net realizable value of ending inventory = $43000Historical cost of ending inventory = $58000Cost of goods sold = $440000To know the inventory amount that will be reported on the balance sheets, you've to select the lowest between the net realizable value of the ending inventory and the historical cost of ending inventory. The lowest is $43000.
The cost of goods sold that'll be reported will be:
= $440,000 + $15,000
= $455,000
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6. One advantage of an enclosed office layout is that employees can be closely
monitored/supervised.
True
False
Answer:
false
Explanation:
Low supervision: it is more difficult to supervise each employee in private offices, however, this is often a positive point allowing for greater responsibility, trust in employees and independence
Luther is a successful logistical services firm that currently has $5 billion in cash. Luther has decided to use this cash to repurchase shares from its investors, and has already announced the stock repurchase plan. Currently Luther is an all equity firm with 1.25 billion shares outstanding. Luther's shares are currently trading at $20 per share.The market value of Luther's non-cash assets is closest to:
The non-cash assets of Luther is closest to a market value of $20 billion.
Based on the accounting equation that Assets = Liabilities + Equity, the non-cash assets can also be determined as follows:Non-cash Assets + Cash = Liabilities + Equity (market value)Non-cash assets = 0 + $25 billion - $5 billionNon-cash assets = $20 billion.
Data and Calculations:
Available cash = $5 billion
Number of equity shares = 1.25 billion
Current market price per share = $20
Market value of Equity = $25 (1.25 billion x $20)
Non-cash assets = $20 ($25 - $5) billion
Thus, Luther's non-cash assets has a market value of $20 billion.
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Suppose that Markus Braun was trying to decide where he should open businesses next. He wants to make a rational decision. What should be his first step in making that decision?
a . Define the problem.
b. Generate alternative courses of action.
c, dentify criteria for judging the decision.
d. Compute the optimal decision.
Markus Braun's first step in making a rational decision is a. Define the problem.
The definition of the problem of where to open businesses will enable Markus to:
Establish critical decision criteria that will be used to adjudge the different choices.Ascertain and evaluate the optimal locations that will meet his investment requirements.
Six decision-making processes identified for achieving satisfactory outcomes include:
Step 1 is the Identification of the Problem Step 2 is the Establishment of the Decision Criteria Step 3 is the Weighing of the Decision Criteria Step 4 is the Generation or Identification of Alternatives Step 5 is the Evaluation of Alternatives Step 6 is the Selection of the Best Alternative
Thus, wherever these processes are followed, the probability of achieving favorable outcomes become higher.
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Question 1
A) Sarah has an apple and Ava has a bag of chips. Sarah would rather consume the bag of chips, and Ava would prefer to consume the apple. Which of the following is an example of bartering?(1 point)
Sarah pays Ava $1 for her bag of chips.
Ava pays Sarah $1 for her apple.
Sarah trades her apple for Ava's bag of chips.
Sarah and Ava consume the goods they currently possess.
Question 2
A) Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and services. In this case, gold is functioning as a(n)(1 point)
store of value.
unit of account.
fiat money.
medium of exchange.
Question 3
A) Consider a hypothetical economy in which rice functions as money. In addition to being valued as money, rice is valued as a consumer good. In this scenario, rice is said to be(1 point)
fiat money.
representative money.
currency.
commodity money.
Question 4
A) Elementary school students often trade food items at lunch in an effort to have the best lunch possible. In one elementary school, pudding cups have become so popular that they have become a unit of account. This means that(1 point)
a pudding cup will likely have the same purchasing power tomorrow as it does today.
a pudding cup entitles its holder to a share of some valuable asset.
students are eager to accept pudding cups in exchange for any lunch item.
the price of other lunch items is expressed in quantities of pudding cups.
Question 5
A) Which of the following illustrates the difference between the U.S. dollar, a form of fiat money, and a U.S. gold certificate, a representative currency?(1 point)
A U.S. dollar does not have value in addition to its value as money.
A gold certificate does not represent a claim to some specific asset.
A gold certificate does not have value in addition to its value as money.
1. An example of bartering is Sarah trades her apple for Ava's bag of chips.
2. Gold has historically functioned as money because it is a medium of exchange.
3. In the hypothetical economy, rice is said to be a commodity money.
4. When Pudding cups serve as a unit of account, it means that the price of other lunch items is expressed in quantities of pudding cups.
5. The difference between the U.S. dollar, and a U.S. gold certificate is a U.S. dollar does not have value in addition to its value as money.
Trade by barter is when people exchange goods with goods. Money is not used in a trade by barter. Trade by barter was used before the invention of money. For example, a trade by barter occurs when Sarah trades her apple for Ava's bag of chips.
Commodity money is money for which its value comes from the commodity from which it is made.
Fiat money is currency whose value is not backed up by any asset. Representative money is money whose value is backed up an asset.
Money can be described as something that is accepted as a means of payments for products.
Functions of money
1. Medium of exchange: money serves as a medium of exchange when it is accepted as payment for goods and services. For example, 2 ounces of gold is accepted as means of payment for a dress.
2. Unit of account: money can be used to determine the value goods and services, For example, 2 cups of puddings is equivalent to plate of fruits.
3. Store of value: money can retain its value over the long term, this it can be used as a store of value.
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Answer:
1. Sarah trades her apple for Ava's bag of chips.
2. medium of exchange.
3. commodity money.
4. the price of other lunch items is expressed in quantities of pudding cups.
5. U.S dollars does not represent a claim to some specific assets
what term is used to describe the process of reducing foreign exchange risks
Answer:
business transactions are denominated in foreign currencies. In international accounting, a "hedge" is: ... a business transaction made to reduce the exposure of foreign exchange risk.
Which of the following are true of NASA? You may choose more than one answer.
NASA's goal is to explore rock formations on Earth.
NASA was formed in 1958.
NASA stands for the National Aeronautics and Space Administration.
NASA was eventually based out of Orlando, Florida.
Answer:
NASA stands for the national aeronautics and space administration
Explanation:
I know this is right, just not sure about the other ones
Answer:
NASA was formed in 1958, NASA stands for the National Aeronautics and Space Administration.
Explanation:
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