Answers
Any object or objects that a group of people used to buy and sell goods and services is called money. Therefore, option B is correct.
What is money ?Any tangible object or verifiable record that is commonly accepted as payment for products and services as well as the repayment of debts, such as taxes, in a specific nation or socioeconomic setting is referred to as money.
According to economists, there are four basic sorts of money: commercial money, fiduciary money, fiat money, and commodity money. Commodity money is money that derives its worth from the commodities from which it is made.
Thus, option B is correct.
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Related Questions
In this assignment, you will research the cost of the first year at a two- or four-year college, depending on
the needs of your career choice. Using reference materials and Internet sites, you will collect information
about the college fees, housing, food, books, and about optional ways to pay for that year of college. In
addition, you will need to set up a savings plan. You will use a spreadsheet program to show your costs
for the first year of college and the monthly progress of your savings for the time until you go to college.
Useful references for gathering this information are at the end of this document. You will then present
your findings in a word document.
Answers
A sample savings plan for a college student based on the given requirements would be:
Daily savings: $500Weekly savings: $3,500Monthly savings: $14,000Yearly savings: $168,000It would 6 months of saving to get $84,000What is a Savings Plan?This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.
Hence, we can see that the useful information to be used is:
(Yearly)
College fees: $30,000Housing: $24,000Food: $16,000Books: $12,000Total: $82,000Read more about savings and budget here:
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Oliver Company provided the following information for the coming year: Units produced and sold 160,000 Cost of goods sold per unit $6.30 Selling price $10.80 Variable selling and administrative expenses per unit $1.10 Fixed selling and administrative expenses $423,000 Tax rate 35% Required: Prepare a budgeted income statement for Oliver Company for the coming year. Round all income statement amounts to the nearest dollar.
Answers
Answer:
Oliver Company
Budgeted Income Statement For the Coming Year
Sales ($10.80 * 160,000) $1,728,000
Cost of goods sold ($6.30 * 160,000) ($1,008,000)
Gross margin(Sales - COGS) $720,000
Less: Variable selling and administrative expenses ($176,000)
($1.10 * 160,000)
Less: Fixed selling and administrative expenses ($423,000)
Operating income $121,000
Less: Income taxes (35% * 121,000) ($42,350)
Net income $78,650
For this discussion, you should put yourself in the role of a moderator as you:
Answers
Unions are organizations that represent workers in a particular industry or profession. Their primary goal is to protect the rights and interests of workers by negotiating better wages, benefits, and working conditions.
What are the policies of the Union?Unions are organizations formed by workers to protect their interests and rights in the workplace. They advocate for collective bargaining, fair wages and benefits, workplace safety, non-discrimination, job security, training and education, and political advocacy.
What are the labor laws?Labor laws are laws that govern the relationship between employers and employees in the workplace. Examples include minimum wage laws, overtime laws, anti-discrimination laws, health and safety laws, leave laws, unionization laws, and employment contract laws. These laws govern the rights of employees to form and join unions and establish the legal requirements for collective bargaining.
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What are unions? What are their roles and policies?
the oriole mills company has just disclosed the following financial information in its annual report sales of 1.47 million, cost of goods sold of $817,100, depreciation expenses of $179,600, and interest expenses of $ 94,000. Assume that the firm has an average tax rate of 29 percent. Compute the cash flows to investors from operating activity.
Answers
The cash flows to investors from operating activities for Oriole Mills Company is $543,973.
To compute the cash flows to investors from operating activities, we need to start with the net income and make adjustments for non-cash expenses and changes in working capital. The formula to calculate cash flows from operating activities is as follows:
Cash Flows from Operating Activities = Net Income + Depreciation Expenses + Non-Cash Interest Expenses - Increase in Current Assets + Increase in Current Liabilities + Decrease in Current Assets - Decrease in Current Liabilities
Given the financial information provided, we can calculate the cash flows to investors from operating activities as follows:
Net Income:
Net Income = Sales - Cost of Goods Sold - Depreciation Expenses - Interest Expenses - Taxes
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($1,470,000 - $817,100 - $179,600 - $94,000) * 0.29
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($379,300 * 0.29)
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - $109,927
Net Income = $269,373
Depreciation Expenses = $179,600
Non-Cash Interest Expenses = $94,000
Changes in Working Capital:
Increase in Current Assets = 0 (no information provided)
Increase in Current Liabilities = 0 (no information provided)
Decrease in Current Assets = 0 (no information provided)
Decrease in Current Liabilities = 0 (no information provided)
Finally, we can calculate the cash flows to investors from operating activities:
Cash Flows from Operating Activities = $269,373 + $179,600 + $94,000 + 0 + 0 + 0 + 0
Cash Flows from Operating Activities = $543,973
Therefore, the cash flows to investors from operating activities for the Oriole Mills Company is $543,973.
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give one example of a conflict that might occur due to individualism and collectivism.
Answers
Answer:
Individualism is the theory that postulates that through individual, almost selfish action, a greater economic and social progress can be obtained for the person. In turn, collectivism postulates that it is solidarity and group collaboration that allows greater economic and social progress.
In the field of business, a possible conflict between individualism and collectivism can occur in company boards, when the president of these tries to make decisions based on his particular criteria, while the rest of the board seeks to make decisions based on the consensus.
Thus, for example, a president who does not take into account the opinions of his board of directors can be a source of conflict, since he puts his individual interest over the collective interest.
Cultural differences does trigger conflicts. Example:
Isreal was having a problem with his neighbor next door. He decided to seek advice from his friend on the matter. Angel his friend suggested that he express the problem openly right away, and, if that wouldn’t help, to take the neighbor to the court. Mane, on the other hand, warned him not to get too serious, and recommended him to write a letter which talks about their good memories in the past and how pleasant their neighborhood was.From the above, an individualistic will focused on the issue at hand and pursues a direct approach
From a collectivism approach, they are more concerned about the relationship and look into the indirect/accommodating method to handle the situation.
Conclusively, Individualist and collectivist have their own way of approaching conflict and resolving it. The ways may differs.
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A company had sales revenue of $900,000 for the year. In addition, the following information is available related to the cost of the units sold: Total purchase cost $ 480,000 Freight charges 10,000 Purchase discounts 25,000 Purchase returns 50,000 Operating expenses 200,000 For what amount would the company report gross profit
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PLEASE HELP!!!!!!
Type the correct answer in the box.
Spell all words correctly.
George has to present the goals of information management to his team member. What is a goal of information management?
The goal of information management is to identify information requirements for various
levels.
Answers
The goal of information leadership is to identify the information needs of various management levels.
The appropriate and optimised capture, storage, retrieval, and use of information is referred to as information management (IM). It could be personal or organisational information management. IM for organisations refers to a cycle of organisational activity that includes the acquisition of data from one or more sources, the custodianship and distribution of that information to those who require it, and its eventual disposal via archiving or deletion.
This information organisation cycle involves a number of stakeholders, including those responsible for ensuring the quality, accessibility, and utility of acquired information; those responsible for its safe storage and disposal; and those who require it for decision making.
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Kentucky Lumber and MillWork Company contracted to supply Rommell Company millwork for use in the construction of a school building. While the work was in progress the Kentucky Lumber mill was destroyed by fire. For two months thereafter, Kentucky Lumber and Millwork Company supplied Rommell with mill work purchased by it from a third party. The Kentucky Lumber mill did not wish to continue this plan and declared that the contract was ended. Rommell Company brought an action against Kentucky Lumber to enforce the contract. How will the court decide?
Answers
Answer:
Kentucky can gain advantage since it has not breached any terms of the contract.
Explanation:
Kentucky Lumber will be beneficiary of the decision since it is Rommel company who is ending up the contract but Kentucky Lumber is willing to continue the service according to the terms of the contract. Kentucky mill work was destroyed but it bought the equipment from a third party to continue providing the service according to the contract terms.
Answer:
Kentucky Lumber and MillWork Company Vs Rommell Company
Most likely, the court will decide that Kentucky should continue to perform its contract obligations. We note that following the destruction of the mill by fire, Kentucky never invoked the clause of force majeure. It continued to fulfill its obligations for a period of two months.
Before the case comes to the court, Kentucky should have requested for a renegotiation of the contract price with Rommell if it had discovered that the cost of buying from third-party suppliers could prevent it from continuing with the contract. Note that the fulfilment of a contract is not based on mere wishes but on facts, supported by the prevailing circumstances.
Explanation:
The court will decide to answer Rommell's prayers for an equitable relief by forcing Kentucky Mill to continue with the specific performance of the contract or to pay damages to Rommell for losses arising from the failure of Kentucky to fulfil the contract.
The Ruritanian Ministry of Health has discovered that widgets, a biological cousin to widgets, have important positive side effects. To ensure that all Ruritanian citizens can afford to buy widgets, they have set a ceiling price of 2 kroner per wodget. Not surprisingly, since the equilibrium price is 4 kroner, a black market has developed for wodgets.
Required:
a. What is the quantity demanded of wodgets at 2 kroner?
b. What is the excess supply at a price of 2 kroner?
Answers
Answer:
a. 80 widgets
b. -55 widgets
Explanation:
a. At the price ceiling of 2 kroner per widget, suppliers on the graph are only willing to supply 25 widgets yet the demand at that point is 80 widgets.
b. An excess of supply would imply that Suppliers are supplying more than people are demanding. At a price of 2 Kroner, that is not the case. There is a shortage instead.
Supply excess = Quantity supplied - Quantity demanded
= 25 - 80
= -55 widgets
a. The quantity demanded of widgets at 2 kroner 80 widgets
b. The excess supply at a price of 2 kroner is -55 widgets
The calculation is as follows:a. Since the price ceiling of 2 kroner per widget, suppliers on the graph are only willing to supply 25 widgets so the demand at that point is 80 widgets.
b.
Now
Supply excess = Quantity supplied - Quantity demanded
= 25 - 80
= -55 widgets
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which business function is concerned with delivering a product or service to customers?
Answers
Answer:
Production
Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers
Which questions about risk should someone ask before making a big purchase? Check all that apply.
What problems are most likely to happern?
OWhat can be done to avoid liability
OWhat could go wrong?
OWhat problems could be most damaging?
OWhat option has no risk?
Answers
Answer:
A
Explanation:
If you need buy it, if it's a want not a need don't buy it
How does racial wealth gap affect families
Answers
An apparel company decides to discontinue a clothing line that is popular with middle-aged customers, and to manufacture and market a new line for teenage customers instead.
Which of the following is an opportunity cost the company will face?
A. The expense of hiring younger marketing executives.
B. The profit gained from clothing sales to younger customers through social media apps.
C. The profit gained from clothing sales to middle-aged customers.
D. The cost of sourcing fabric for the new clothing line.
Answers
The opportunity cost that will be lost is C. The profit gained from clothing sales to middle-aged customers.
What is opportunity cost?Opportunity cost is the revenue that is lost due to not availing the opportunity, thus this opportunity cost is calculated by the management when taking a decision, the opportunity cost which is a revenue is added in the cost for the other decision as an expense or lost revenue.
If an apparel company decides to discontinue middle aged customers clothing then this will have impact on the decision making and costing of the decision that is being taken. The decision costing will include all the expenses of the opportunity also an expense will be included that is the lost revenue also known as the opportunity cost.
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YOU PURCHASE AN ITEM ($500), WITH YOUR CREDIT CARD, AND LATER RETURN IT.
WHAT HAPPENS TO YOUR CREDIT CARD? WHAT HAPPENS WITH THE $500?.
Answers
Answer:
You get your $500 back. Sometimes you have to wait an x amount of time depending on the store and how quick their return policy is.
Explanation:
Cullumber Company uses a periodic inventory system and reports the following for the month of June.
What is the weighted-average unit cost ?
Answers
For the month of June, Cullumber Company reports using a periodic inventory system. The weighted-average unit cost is $10.117, or $951 ÷ 94.
How do periodic inventory systems record inventory?All purchases made between physical inventory counts are recorded in a purchases account under the periodic inventory system. After a physical inventory count, the balance in the purchases account is moved into the inventory account, where it is rebalanced to match the cost of the finished inventory. Simply put, to determine the weighted average, all data set values must first be multiplied by their respective weights. After that, add up the products that resulted and divide by the total weights. While managing rates, one will as a rule observe that the amount of loads is equivalent to 1 or 100 percent.
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I need help how I define followership?
Answers
Followership is the capacity and willingness of individuals to work collaboratively with a leader to achieve a common goal or purpose. It involves recognizing and respecting the authority and expertise of the leader, while also contributing one's own skills, knowledge, and ideas to the collective effort. Effective followership requires active engagement, commitment, and a willingness to share responsibility for the success of the group. Followership can take many forms, from providing support and feedback to the leader, to challenging assumptions and proposing alternative strategies. It is a critical component of effective teamwork, as well as of effective leadership, as leaders rely on followers to help implement their vision and achieve their goals.
While this answer may provide you with helpful infromation regarding your assignment, it is important to remember that using it verbatim could be seen as plaigiarism. To avoid this, it is best to cite your own sources, and put everything in your own words.
I hope I helped!
~~~Harsha~~~
what are the best GPHR Study guide available?
Answers
The best GPHR Study guides available include Global Professional in Human Resources (GPHR) Study Guide by David Siler and Global Professional in Human Resources (GPHR) Exam Prep Workbook by HRCI.
What GPHR Study guides are best ?Global Professional in Human Resources (GPHR) Study Guide by David Siler and Global Professonal in Human Resources (GPHR) Exam Prep Workbook by HRCI cover all of the topcs that are covered on the GPHR exam, and they provide you with the information you need to pass the exam.
They also include practce questions and answers, which can help you to prepare for the actual exam.
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Which type of car insurance policy usually has the highest premium?
Answers
Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.
Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
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On the last day of its current tax year, Buy Rite LLC received $390,000 when it sold a machine it had purchased for $270,000 three years ago to use in its business. At the time of the sale, the basis in the equipment had been reduced to $230,000 due to tax depreciation taken. How much did the members’ self-employment earnings from Buy Rite increase when the equipment was sold? [Hint: See IRC §1402(a)(3).]
Answers
Answer:
1,402
Explanation:
Total revenue minus total cost is equal to
Answers
jasmine has too many files in her math folder and can't easily find her class notes. what should she do to help her find her notes easily?
Answers
Answer:
used folders or sticky notes in a binder. Notes saying what they are help too.
Explanation:
why is it important to have a good besiness background?
Answers
I knew their support was conditional even though they seemed friendly (use unconditional)
Answers
Answer:
I know their support was not unconditional though they seem friends.
Explanation:
If you are the Bhutanese student then I am sure this question came in 2017 BHSEC. Best of luck.
The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
Answers
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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The law in your state allows an employer to create an
enforceable agreement that restricts an employee's
postemployment activities as long as the restriction is
reasonable in terms of purpose, geographic area, and
duration. Your employer is a dominant force in the
technology industry, an industry that is ever changing at
a rapid pace. As a result, top employees want the flex-
ibility to move from company to company. Of course,
having and keeping top employees is a competitive
advantage. Assume that you are an executive charged
with determining whether your firm will embrace a
postemployment restriction within its contracts of
employment. If you adopt a justice theory approach,
what result might you adopt, and why? If you adopt a
utilitarianism approach, what result might you adopt,
and why?
Answers
Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.
There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.
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Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of materials required in the process is 7,500 pounds, which cost $6.00 per pound. Columbian coffee can be sold without further processing for $9.80 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.60 per pound. The processing into Decaf Columbian requires additional processing costs of $6,300 per batch. The additional processing will also cause a 5% loss of product due to evaporation.
Question Content Area
a. Prepare a differential analysis dated December 11 on whether to sell regular Columbian (Alternative 1) or process further into Decaf Columbian (Alternative 2). If required, use a minus sign to indicate a loss.
Answers
The differential analysis is attached accordingly. The workings are indicated below.
What is differential analysis?Differential analysis is a decision-making approach that analyzes the net effects of two alternatives by examining the advantages and costs associated with each. The option chosen has the greatest advantageous (or least adverse) financial impact.
To arrive at the figures in the differential analysis first we derive the Revenue from selling regular Columbian:
Recall that:
Revenue = Sales x Quanity Manufactured; hence
9.8 x 7500
= $73,500
Revenue from Decan Columbian:
11.6 x (95% x 7500)
= 11.6 x 7125
= $82, 650
Cost of selling regular Columbian
Cost = Cost x Units produced
= 6 x 7500
= $45,000
Compute the cost of selling Decaf Columbian
In this case, Cost = Product Cost + Cost of processing
= 45,000 + 6300
= $51,300
Hence the figures indicated in the differential analysis.
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Question 8 of 10
Which of the following responses is the most ethical way to deal with a
problem?
A. Hire a public relations firm to deal with the media fallout.
B. Consider what effects your actions would have over the long term
if they were discovered.
C. Discover who was responsible and terminate their relationship
with the company.
D. Assume that the customer is always right.
Answers
Answer:
B
Explanation:
If you're going to solve it ur going to need to know how it's going to effectively help don't just do it first think.
Out of the choices provided above, it can be concluded to state that considering the effects of one's actions over a long term discovery is one of the ideal responses, and an ethical way to deal with a problem. Therefore, the option B holds true.
What is the significance of an ethical problem?An ethical problem can be referred to or considered as one of the most critical concern for the smooth functioning of a working organization. It is needed to be dealt in an effective way using relevant solutions that can derive positive outputs for the organization.
The consequences of a problem may be ambiguous in nature, and thus, it becomes important to review them well by taking the effects of actions into consideration, and what influence they could have on the organization in the longer run.
Therefore, the option B holds true and states regarding the significance of an ethical problem.
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A deductible requires a person with an insurance policy to:
Answers
Answer: Pay the X amount of a service or prescription that is not covered by insurance.
Explanation:
Why is it important to include a person’s title when developing a reference sheet?
Answers
It is very important to include a person’s job title when developing a reference sheet because it shows the person’s position and level of experience in his field.
What is a Reference sheets?In context of recruitment, a reference sheets refers to the documents that specify the people who can vouch for our character. It is mostly important to include one's title when developing a reference sheet because it tells the hiring manager that we have relationships with people who are outstanding in a field.
These sheets are meant to help you get connections that will boost your probability of getting hired. So, the better the job titles of the people that are listed on the reference list, the more confidence you willhave in the hiring process. In most time, the Human Resource will wants to talk to the people who have the credibility to attest to your past performances and credentials.
So, this makes it very important to list those people whom you have worked with in a similar context. For instance, like listing one supervisor on your reference sheet rather than listing someone who is not related to you at work.
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packaging materials for processed
Answers
Answer:
Types of packaging material used in food
Plastics. Plastics are organic polymeric materials that can be molded into the desired shape. ...
Metals (steel, tin, aluminum) The main use of these metals is the preservation of canned foods and beverages. ...
Glass. ...
Wood, cardboard and papers. ...
Advances in packaging techniques.