The purpose why the person use the money is for medium of exchange.
What is money?Money is a legal tender, approved by the government of a country as a means of exchange. Money is used to pay for services received and also for the purchase of goods.
Characteristics of money are:
Store of valueMedium of exchangeUnit of accountHence, the purpose why the person use the money is for medium of exchange.
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Answer:
Post Test: Government
Economics
Question #15
In a remote village, a person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes.
For what purpose did this person use the money?
Answers:
A. increase trade
B. store of value
Answer is 100%: C. medium of exchange
D. unit of account
E. investment
Explanation:
I took the test and this is 100% correct
Hope it helped!
Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore, suppose the Fed is able to enact expansionary monetary policy in such a precise way that the economy moves from a recessionary gap into long-run equilibrium, if there are no other changes in the economy. The combination of expansionary monetary policy and a self-regulating economy will cause
The combination of expansionary monetary policy and a self-regulating economy will cause real GDP will rise to the level above natural real GDP and the recessionary gap would hence turn into an inflationary gap situation.
What do you mean by monetary policy?Monetary Policy refers to the control of the quantity of money available in an economy through which new money is supplied.
The self-regulating economy experiences a recessionary gap. The real GDP is less than the level of natural real GDP. The gap is been corrected by the rightward shift in the short-run aggregate supply curve.
Due to interplay, real GDP will rise to the level above natural real GDP and the recessionary gap turn into an inflationary gap.
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A national ice cream chain asked its 30 highest paid employees to take a 15% pay cut. Doing this, in response to the recent sales decline, meant no store closures and no downsizing. This could b
Based on the fact that there were no store closures or downsizing, but only a pay cut, this is a Utilitarian approach.
What is a utilitarian approach?When moral decisions are decided based on which option will benefit the greatest number of people, this is referred to as utilitarianism.
Cutting salaries to avoid layoffs as a result of closures and downsizing benefits a larger number of employees, as opposed to the smaller number of executives hence it is utilitarian.
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When you start at a new job, what are two documents that you will fill out?.
Answer:
I-9Form of identification or financial form(e.g. direct deposit form, benefits enrollment form, W-4)An individual participates in the 401(k) plan offered by the employer. Every two weeks, 4% of the employee's salary is deferred into the plan. The contributions are made into several different mutual funds. This practice is using
The practice is of 401(k) plan offered by the employer is using a deferred compensation.
What is a Deferred compensation?This plan involves an employee holding the pay for disbursement at a later time which often provides a tax deferred benefit to the employee.
Hence, the practice is of 401(k) plan offered by the employer is using a deferred compensation.
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who is the fastest typist ever recorded and how many words per minute did she type?
Explanation:
The fastest typist ever recorded is Stella Pajunas-Garnand.
She typed 216 words in a minute.
She's from Chicago, US.What are concerns of risk of Sovereignty? Include some examples.
Wich of the following accounts is credited after the sale of a fully depreciated asset
Answer:
Relevant asset account is credited
a building was purchased for $850 000 with 10 down and the lender charged the buyer 2 discount points. How much cash did the buyer need to come up with at closing a loan for the balance
The cash that the buyer need to come up with at closing a loan for the balance is: $833,000.
Cash amountUsing this formula
Cash amount=Cost of building-(Cost of building × Discount point)
Let plug in the formula
Cash amount=$850,000-($850,000×2%)
Cash amount=$850,000-$17,000
Cash amount=$833,000
Therefore the cash that the buyer need to come up with at closing a loan for the balance is: $833,000.
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Vietnam is the ___ largest exporter of coffee, accounting for about 10. 5% of the world’s export?.
Vietnam is the exported 5th largest largest exporter of coffee, accounting for about 10. 5% of the world’s exports.
What is Exportation?Exportation can be regarded as the process of moving goods and services from one country to another with the aim of trading.
Therefore, in term of exportation of goods and services, Vietnam is one of the country that export coffee in the world and it serves as their major export.
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ii) What incentives would you suggest to each of the institutions to attract competent employees?
Explanation:
[tex]\huge{\color{black}{\fbox{\color{pink}{\colorbox{pink}{\color{red}{Answer ✨☑️}}}}}}[/tex]
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ...
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ... Set Up Department-Wide Competitions. ...
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ... Set Up Department-Wide Competitions. ... Put Together a Team Outing for Top Performers. ...
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ... Set Up Department-Wide Competitions. ... Put Together a Team Outing for Top Performers. ... Provide Custom Rewards.
Explanation:
10 must-have employee incentive programs
Recognition and rewards. ...
Referral programs. ...
Professional development. ...
Profit sharing. ...
Health and wellness. ...
Tuition reimbursement. ...
Bonuses and raises. ...
Fun gifts.
Please select the word from the list that best fits the definition under this program, parents may receive a voucher equal to the amount their state spends on education for their child.
The program that allowed for parents to receive a voucher for the amount their state spent on education for their child referred to School choice.
How did the government encourage home schooling?Under the concept of school choice, the state government would give a voucher to parents who elected to use homeschooling.
This voucher would be of the same amount that the government would have spent on educating the child if they had gone to public school.
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In December there is a large demand for evergreen trees. They are sold on city corners and parking lots for Christmas. According to the law of supply, what scenario would you expect to see with the Christmas trees
The scenario that will be expected to see with the Christmas trees is the increase in the supply and prices of the trees since October.
What is the law of supply?The law of supply is a principle of microeconomics that states that when the price of an item or service rises, so the quantity of service that the company gives will also increase, and vice versa.
According to the law of supply, prices come down when supply increases for an item or service. When the price got declines of a product then the quantity provided also reduces.
Therefore, an increase in the prices and supply of the trees two months before to provide an adequate amount of supply as the demand is high.
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The new economy a. all of the above. b. moves white collar jobs to countries with cheaper labor. c. shifts demand from physical labor to cognitive abilities. d. moves manufacturing to countries with cheaper labor.
The new economy will move white-collar jobs, shift demand from physical labor and moves manufacturing to countries with cheaper labor. Thus the correct option is A.
What is an economy?An economy is a huge series of connected production and consuming activity that helps determine how limited resources are distributed in an efficient manner.
The new economy will help provide better production options with cheaper labor available in countries and advanced technology utilization. Small firms can also do business with the help of entrepreneurship by bringing innovative ideas to work.
This will bring cultural advancement which helps in hiring people from diversified backgrounds at work and by moving white-collar jobs to countries with cheaper rates. This will help them with opportunities to grow.
Therefore, option A all of the above is the correct answer.
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After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March:Cost Formula Actual Cost in MarchUtilities $16,700 plus $0.15 per machine-hour $ 21,650Maintenance $38,100 plus $2.00 per machine-hour $ 73,900Supplies $0.40 per machine-hour $ 8,200Indirect labor $95,000 plus $1.20 per machine-hour $ 121,100Depreciation $67,900 $ 69,600During March, the company worked 19,000 machine-hours and produced 13,000 units. The company had originally planned to work 21,000 machine-hours during March.Required:1. Calculate the activity variances for March.2. Calculate the spending variances for March.
Answer:
very long question and not clear
What are messages that a company sends to clients to tell them of its services or products or remind them of benefits they can attain by doing business with the company
External-informational messages are the messages that a company sends to clients to tell them of its services or products or remind them of benefits they can attain by doing business with the company.
What are External-informational messages?This can be the way of sending messages or information from a business to people that are outside the business environment.
The message that is sent is meant solely for the external environment and not for the people within.
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On October 1, 2021, Eagle Company forecasts thepurchase of inventory from a British supplier on February 1,2022, at a price of 100,000 British pounds. On October 1,2021, Eagle pays $1,800 for a three-month call option on100,000 pounds with a strike price of $2.00 per pound. Theoption is considered to be a cash flow hedge of a forecastedforeign currency transaction. On December 31, 2021, theoption has a fair value of $1,600. The following spotexchange rates apply:DateOctober 1, 2021December 31, 2021February 1, 2022
The journal entry that Eagle should prepare on October 1, 2021 is:
Debit Foreign Currency Option $1,800; Credit Cash $1,800.
What is Journal entries?Since Eagle pays the amount of $1,800 for a three-month call option and on December 31, 2021, the option has a fair value of $1,600. The journal entry that Eagle should prepare on October 1, 2021 December 31, 2021 are:
Eagle company
October 1, 2021
Debit Foreign Currency Option $1,800
Credit Cash $1,800
December 31, 2021
Debit Option Expense $200
Credit Foreign Currency Option $200
($1,800-$1,600)
Therefore entry that Eagle should prepare on October 1, 2021 is: Debit Foreign Currency Option $1,800; Credit Cash $1,800.
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How is a mutual fund different than an index fund?
Answer:
Index funds are mutual funds, but instead of owning maybe twenty or fifty stocks, they own the entire market. (Or, if it's an index fund that tracks a specific portion of the market, they own that portion of the market:)
Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used to Develop a Cost Formula Farnsworth Company has gathered data on its overhead activities and associated costs for the past 10 months. Tracy Heppler, a member of the controller's department, has convinced management that overhead costs can be better estimated and controlled if the fixed and variable components of each overhead activity are known. One such activity is receiving raw materials (unloading incoming goods, counting goods, and inspecting goods), which she believes is driven by the number of receiving orders. Ten months of data have been gathered for the receiving activity and are as follows: Month Receiving Orders Receiving Cost 1 1,000 $18,000 2 700 15,000 3 1,500 28,000 4 1,200 17,000 5 1,300 25,000 6 1,100 21,000 7 1,600 29,000 8 1,400 24,000 9 1,700 27,000 10 900 16,000 Required: 1. On your own paper, prepare a scattergraph based on the 10 months of data. Based on this, does the relationship appear to be linear? 2. Using the high-low method, select a cost formula for the receiving activity. Using the cost formula, what is the predicted cost of receiving for a month in which 1,450 receiving orders are processed? $fill in the blank 3 3. Prepare a cost formula for the receiving activity for a quarter. Based on this formula, what is the predicted cost of receiving for a quarter in which 4,650 receiving orders are anticipated? $fill in the blank 4 Prepare a cost formula for the receiving activity for a year. Based on this formula, what is the predicted cost of receiving for a year in which 18,000 receiving orders are anticipated?
The relationship is non linear and the cost formula is: $6,600 + ($12 x number of receiving orders) and the predicted cost is $24,000.
Cost formula1. The relationship of the a scatter-graph is non linear.
2. Cost formula
Cost formula for the receiving activity= $6,600 + ($12 x number of receiving orders)
3. Predicted cost
Predicted cost= $6,600 + ($12 x Number of receiving orders)
Where:
Number of receiving order=1,450
Hence:
Predicted cost=($6,600 + $12 x 1450)
Predicted cost=$6,600+$17,400
Predicted cost= $24,000
Therefore the relationship is non linear and the cost formula is: $6,600 + ($12 x number of receiving orders) and the predicted cost is $24,000.
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__________are networks of independent companies, suppliers, customers, and manufacturers connected via information technologies so that they can share skills and costs and have access to each other's markets.
The complete statement reads "Virtual organization networks of independent companies, suppliers... " This is further explained below.
What is a virtual organization?Generally, the virtual organization is simply defined as
In conclusion, Using information technology, a virtual organization is a network of independent enterprises, suppliers, consumers and manufacturers that may pool talents and expenses and get access to one other's markets via the sharing of information.
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How is a 401k different from an individual retirement account (IRA)?
A 401k is a good long-term investment strategy.
A 401k allows people to contribute before taxes.
A 401k is created by an individual who deposits money.
A 401k is created by an employer who may match contributions.
Giorgio had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals: Multiple Choice 0.21. 4.36. 4.79. 76.2 days. 83.8 days.
Based on the scenario given above, the inventory turnover equals 4.79. Check more about the term below.
What is inventory?Inventory is a term that is used for all items, goods, and materials held by a business that are meant to be sold in the market to get a profit.
Based on the scenario given above, since Giorgio had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals, the inventory turnover equals 4.79.
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Working proactively to ensure that your physical place of business is (1) free of potential hazards and (2) ________ will prevent on-premises injuries and violations of EEOC or OSHA rules.
Companies working Proactively just to ensure that the physical place of business is free 1. free of potential hazards and 2. secure from intruders will prevent on-premises injuries and violations of EEOC or OSHA rules.
What do you know about OSHA rules?The Occupational Safety and Health Administration is a huge regulatory employer of the USA Department of Labor that in the beginning had federal visitorial powers to check out and study workplaces.
Thus, the correct fill-in-the-blank here will be secure from intruders.
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In order to construct a reliable price index, government accountants must assign a ______ to each of several categories of goods and services. Multiple choice question.
To build a reliable price index, government accountants must assign a weight to each of several categories of goods and services.
What is the Consumer Price Index?The CPI is an average used to measure the variation in prices that consumers will pay for a product or service over a period of time.
Therefore, the CPI is the most used index for measuring inflation and deflation in the American economy, through the prices and weights of goods and services.
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A current liability is a debt that is reasonably expected to be paid.
Answer:
If you were asking for true or false, that statement is true.
A commenced his cloth business on 1st April, 2018 with a capital of ₩30,000. On 31st March 2019, his assets were worth ₩50,000 and liabilities of ₩10,000. Find out his closing capital and profits earned during the year.
[tex] \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: [/tex]
Help me with this question ~
Answer:
Profits = ₩10,000
Closing Capital = ₩40,000
Explanation:
Let's note down the given information at first.
Opening capital = ₩30,000Worth of assests after 1 year = ₩50,000Liabilities = ₩10,000Now,
Profits
= (Worth of assets after 1 year - Liabilities) - Opening capital
= (₩50,000 - ₩10,000) - ₩30,000
= ₩10,000
Next, let's find the closing capital
= Assets - Liabilities
Assets ₩50,000
Liabilities ₩10,000
[tex]\rule{150pt}{1pt}[/tex]
Closing capital ₩40,000
[tex]\rule{150pt}{2pt}[/tex]
What is the relationship between costs of materials and distribution channels?
Answer:
A distribution channel is the set of steps it takes for a product to get in the hands of the key customer or consumer. Distribution channels can be direct or indirect. Distribution can also be physical or digital, depending on the kind of business and industry.
Explanation:
On April 1, 20X1, Nelsen Inc. accepts a $100,000, 8% note. The note receivable and interest are due on March 31, 20X2 (one year later). On December 31, 20X1, Nelsen will accrue interest revenue of:
Based on the amount received as a notes receivable, and the month the interest revenue is recorded, the amount accrued would be $2,000.
What interest revenue will be accured?From December 20X1 to March 20X2 will be 3 months.
The interest revenue will therefore be:
= Amount of note receivable x Interest rate x Number of months till interest is due
= 100,000 x 8% x 3/12 months
= $2,000
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_____ refers to training, formal education, job experiences, relationships, and assessments of personality, skills, and abilities that help employees prepare for future jobs or positions.
Developments refers to training, formal education, job experiences, relationships, and assessments of personality, skills, and abilities that help employees prepare for future jobs or positions.
Why is development impossible?it is important because it makes a employee relevant.
To attain certain height in an individual career development is important to avoid being stagnant
Therefore, Developments refers to training, formal education, job experiences, relationships, and assessments of personality, skills, and abilities that help employees prepare for future jobs or positions.
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As consumers respond to climate change and environmental concerns, both General Motors and Tesla are offering fully electric vehicles. This issue represents which of the macroenvironmental variables
Social macroenvironmental variables can be felt and seen in the way of response by different consumers to the climate change.
What are macroenvironmental variables?Macro-environment is a term that describes those factors that can alter the decision of a consumer towards a product.
These factor could be ;
Economic factorsSocial factorTechnological factor.Therefore all these mentioned factors affect the way product is been decided on by different types of consumers.
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Cynthia is interested in investing in clothing unlimited inc. which attribute from the stock quote can cynthia use to determine how the stock has performed over the past year? a. current price b. net change c. open price d. positive or negative result for the one-year change e. previous close price
The data on the positive or negative result for the one-year change is the most important data from the stock quote that Cynthia can use to determine how the stock has performed over the past year.
What is a stock quote?This refers to the price of a stock as it is being quoted in decimals on an stock exchange.
The data on the positive or negative result for the one-year change is the most important data from the stock quote to use.
Therefore, the Option D is correct.
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