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natita [175]
2 years ago
10

When you use money to purchase a new car, money serves as a: double coincidence of wants. medium of exchange. store of value. un

it of account.
Business
1 answer:
VikaD [51]2 years ago
8 0

Answer:

medium of exchange. since it is being offered in exchange for the car

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At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000; Total Liabilities of $15,000; and
Paladinen [302]

Answer: Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: $123000.

Explanation: First we must calculate the accumulated earnings to date with the equity equation: Assets = Liabilities + Equity

We know that equity is made up of capital + retained earnings.

If the asset is 195,000, the Liability 15,000 and the capital 60000

195000 = 15000 + 60000

195000 = 75000

195000 - 75000 = Retained earnings

$ 120000 = Retained earnings.

The result of the year is Income - expenses

226000 - 175000 = $ 51000.

Then the company's total earnings are retained earnings + Profit for the year = 120000 + 51000 = 171000.

We subtract the distribution of dividends and obtain the balance of the retained earnings account: 171000 - 48000 = $123000.

6 0
3 years ago
Blue Ridge Hot Tubs manufactures and sells two models of hot tubs: the Aqua-Spa and the HydroLux. Howie Jones, the owner and man
Marina CMI [18]

Answer:

Using Excel solver, the optimal solution is: 122 Aqua-Spa + 78 Hydro-Lux, and the maximum profit = $66,100

Explanation:

you have to maximize the following equation: 350A + 300H

where:

A = number of Aqua-Spa hot tubs sold

H = number of Hydro-Lux hot tubs sold

the constraints are:

A + H ≤ 200     ⇒ number of water pumps available

9A + 6H ≤ 1,566      ⇒ number of labor hours available

12A + 16H ≤ 2,880      ⇒ number of feet of tubing available

A ≥ 0      ⇒ non-negative numbers

B ≥ 0      ⇒ non-negative numbers

both A and B are integers    

Using Excel solver, the optimal solution is: 122A + 78B, and the maximum profit = $66,100

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3 years ago
What benefits does osha offer
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Cooperative programs under which businesses, labor groups, and other organizations can work cooperatively with the Agency to help prevent fatalities, injuries, and illnesses in the workplace.
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Which of the following statement(s) is true if the efficient market hypothesis holds? Choose one answer.
stepan [7]

Answer:

d. It implies that prices reflect all available information

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Efficient Market hypothesis emphasizes upon the fact that stock prices are an outcome of released public information and assumes investors to be rational.

It points towards sensitivity of the market to the information made available and as per it, investors actions are an outcome of information that becomes available to them.

It  means securities are correctly priced which wipes out any possibility of earning arbitrage gains i.e buying a security at a low price and selling it at a higher price.

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3 years ago
The person who receives financial protection from a life insurance plan is called a: AGiver BBeneficiary CPayer DInsured
algol13
The correct answer is B. A Beneficiary
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