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3 years ago

Before the development of money as a medium, goods and services were exchanged through a ________ system.

1 answer:

6 0

Goods and services were exchanged through a BARTER SYSTEM. Barter is a system in which goods and services are exchanged for other goods and services without using any medium of exchange such as money. Reciprocal exchange is often immediate and not delayed.

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When using a ban or quota to correct the common resource problem, the cost that rule-breakers expect to face depends on the\

Ede4ka [16]

When using a ban or quota to correct the common resource problem, the cost that rule-breakers expect to face depends on the-----punishment for rule-breaking and the likelihood of being caught and punished.

What are the main problems with resource use?

In short, raw material extraction and processing always impact on the environment, resulting as they do in soil degradation, water shortages, biodiversity loss, damage to ecosystem functions and global warming exacerbation

What is importance of resources?

Resources are important for us as we utilise them to satisfy our wants. Many minerals like iron, copper, mica etc. are used in industries for manufacturing various goods. Minerals like coal and petroleum are used for the generation of electricity

Learn more about resource:

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6 0

1 year ago

Which of the following is an example of a sunk cost? A. The amount a company pays for labor to produce its product. B. The oppo

Elenna [48]

Answer:

D. The amount a company originally paid for specialized equipment for a plant.

Explanation:

A sunk cost is the expenditure that a company has already incurred and cannot be retrieved or taken back. In other words, a sunk cost can be defined as the expenditure that is already paid and cannot be taken back.

Among the given options, an example of a sunk cost is the amount a company paid for specialized equipment. This is a prepaid amount that cannot be canceled or taken back, resulting in a fixed expenditure and can no longer be recovered.

Thus, the correct answer is option D.

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3 years ago

The required rate of return on a bond is:

____ [38]

Answer:

None of these choices are correct.

Explanation:

The required rate of return is the minimum return an investor expects to achieve by investing in a project, or in other words,

The required rate of return on a bond is the return that a bond issuer must offer in order to entice investors to purchase the asset.

They are predominantly set by market forces and determined by the price at which issuers and investors agree.

7 0

3 years ago

Jesse company adjusts its accounts monthly and closes its accounts on december 31. on october 31, 2015, jesse company signed a n

Ugo [173]

Answer: Total Interest Expense is $4500 and Monthly Interest Expense is $750

Explanation: A Note Payable is borrowed for a period of 6 months @ 6% annual interest rate. Since the note payable is borrowed for 6 months only, the interest amount will be the annual interest amount divided by 2.

Annual Interest Amount = Principal × 6%

Annual Interest Amount = $150,000 × 6%

Annual Interest Amount = $9,000

But since the notes payable is taken as a loan for a period of six months,

Total Interest Payable = Annual Interest Amount ÷ 2

Total Interest Payable = $9,000 ÷ 2

Total Interest Payable = $4,500

Monthly interest expense, as it says monthly interest expense assumes equal amount each month and there are 6 months for which loan is taken. So the formula will be:

Monthly Interest Expense = Interest Payable ÷ 6

Monthly Interest Expense = $4500 ÷ 6

Monthly Interest Expense = $750

Therefore, Monthly Interest Expense is $750.

4 0

4 years ago

Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of

zalisa [80]

Answer:

Ponzi Products

a) Net income for the next quarter:

= $50

b) Cash outflow for this quarter = $1,000

c) Cash inflow in the third quarter = $550

d) Net working capital in the next quarter = $550

Explanation:

a) Production of chain-letter kits for the quarter = 100 units

Total production cost (outlay) = $1,000 (100 * $10)

Sales in the second quarter = $550 (50 * $11)

Sales in the third quarter = $600 (50 * $12)

Cash collections:

Third quarter = $550

Fourth quarter = $600

a) Net income for the next quarter:

Sales revenue = $550

Production cost 500 ($1,100 * 50/100)

Net income = $50 ($550 - $500)

b) Cash outflow for this quarter = $1,000

c) Cash inflow in the third quarter = $550

d) Net working capital in the next quarter = $550

6 0

3 years ago