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2 years ago

the for a particular unit of money is established and accepted within an economic community at a specific time.

1 answer:

3 0

The standard of value for a particular unit of money is established and accepted within an economic community at a specific time. Thus, option B is the correct answer.

<h3>What is economic?</h3>

Economics can be defined as the part where the economy is there when the product is being brought and sold in the market.

The standard of value can be defined as the fact in which the country is having a rate of exchange and the price is thereupon predefined. These prices are fixed in the economy for a particular time period, in which transactions like imports and export happen in the market. Therefore, option B is the correct option.

Learn more about economics, here:

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The question is incomplete, the complete question is

The _______________ for a particular unit of money is established and accepted within an economic community at a specific time.

-Medium of exchange

-Standard of value

-Barter

-Store of value

Standard of value

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Which one of the following statements is correct if a firm has a receivables turnover of 36.5? Group of answer choices It takes

Free_Kalibri [48]

Answer:

The firm collects on its sales in an average of 10 days

Explanation:

if the receivables turnover is 36.5 it means it colect his accounts 36.5 times per year

we can convert this into a days metric:

<em>the days account is outstanding:</em>

365 days per year / we collect 36.5 per year = 10 days to collect an account on average

The acounts are collected every ten days on average.

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3 years ago

Traditional advertisements for cookware have always focused on appealing to women consumers. such advertisements make use of con

Maksim231197 [3]

<span> such advertisements make use of consumer differences arising out of micro cultures based on different Sex Roles.
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3 years ago

As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of So

julsineya [31]

Answer:

SORIA COMPANY

Clothing Department

Flexible Budget Report

For the Month Ended October 31, 2017

See attachment.

In flexible budgeting, the fixed costs are assumed to be constant within the relevant range. Only the variable costs are flexed.

Workings:

1. Sales Commission = $1,680/8,400 x 9,000 = $1,800

2. Advertising = $1,176/8400 x 9,000 = $1,260

3. Travel Expense = $4,032/8,400 x 9,000 = $4,320

4. Free Samples = $1,680/8,400 x 9,000 = $1,800

Explanation:

The flexible budget is one that flexes the activity level or volume in order to recognize changes that may arise. This changes the base volume of the variable costs.

To achieve this, the value under the static budget is divided by the static budget volume and multiplied by the flexed budget volume(s).

In this case, when the budget was flexed from the static sales volume of 8,400 to 9,000 in accordance with the actual volume achieved, the favorable value was increased from $1,188 to $1,800 more than 50% increase.

The implication is that a flexible budget helps to better evaluate performance than its opposite, the static budget.

Download xlsx

8 0

3 years ago

The reported net incomes for the first 2 years of Sarasota Products, Inc., were as follows: 2020, $155,500; 2021, $188,100. Earl

Phoenix [80]

Answer:

Dr retained earnings($21,600+$15,800) $37,400.00

Cr accumulated depreciation $21,600

Cr inventory $15,800

Explanation:

The errors that require adjustment are the overstatement and understatement of depreciation expense as well as the December 2021 overstatement of inventory.

The understatement of inventory in 2020 would have self-corrected itself in 2021 since closing inventory in 2020 deducted from costs of goods available for sale would be introduced as opening inventory in 2021.

net effect of depreciation=understatement -overstatement=$37,500-$15,900=$21,600.00

hence retained earnings would reduce by $21,600.00

for the overstatement of inventory,retained earnings would reduce by $15,800

5 0

3 years ago

An injunction that requires a defendant to take an action or set of actions is

lianna [129]

Answer:

C. mandatory

Explanation:

A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.

Thus, law is a tool used by the judiciary, lawyers, individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions. Therefore, a law creates the foundation for ethical behavior.

In circumstances where there are aberration, the law is enforced as a punishment and penalty for wrongdoings or misdeeds.

There are various types of law and these includes; criminal law, constitutional law, intellectual property law, corporate law, international law, family law, civil law, etc.

An injunction can be defined as a legal and equitable court order compelling (commanding) or prohibiting an individual, group or entity to either perform or cease from performing a specific action.

Basically, a court of competent jurisdiction is empowered by law to grant an injunction to a third party for further examination and trial.

Similarly, an injunction that requires a defendant or plaintiff to take an action or set of actions is a mandatory injunction.

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3 years ago

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