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Citrus2011 [14]
1 year ago
9

Comparing how many dollars it takes to attend college each year to annual earnings on a job represents the use of money as a?

Business
1 answer:
kirill115 [55]1 year ago
3 0

Unit of Account.

One of the main qualities of cash is that it fills in as a unit of record. Cash as unit of record is something that can be utilized to esteem labor and products, record obligations, and make computations that is all there is to it is an estimation for esteem. It has three significant qualities which are:

Diversity:- It very well may be separated so that it's part is equivalent to it's unique worth.

Fungible:- One of the unit is equivalent to some other piece of the unit with no adjustments of significant worth.

Countable:- It very well may be counted and exposed to numerical tasks.

To learn more about Unit of Account.

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ESD wants to determine the best order size for 2x4x6 pressure treated pine lumber required for making custom cabinets. ESD's est
Vedmedyk [2.9K]

Answer:

the economic order quantity is 845 units

Explanation:

The computation of the economic order quantity is shown below;

As we know that

Economic order quantity is

= √2 × √annual demand × √ordering cost ÷ √carrying cost

= (√2 × √6750 × √$225) ÷ (√4.25)

= √3,037,500 ÷ √4.25

= √7,14,705.88

= 845 units

Hence, the economic order quantity is 845 units

6 0
2 years ago
Arantxa corporation has outstanding 20,000 shares of $5 par value common stock. on august 1, 2014, arantxa reacquired 200 shares
nexus9112 [7]

The journal entries to record these transactions of Arantxa corporation using the cost method are given below.

<h3>How do you define journal entries?</h3>

The journal entry can encompass numerous recordings, every of that's both a debit or a credit. The act of maintaining or making statistics of any transactions both financial or non-financial is referred to as journal entries.

The missing information in the question can be given below:

On November 1, Arantxa reissued the 200 shares at $70 per share. Arantxa had no previous treasury stock transactions. Prepare Arantxa's journal entries to record these transactions using the cost method.

As per the given information,

The journal entries for the given information are as follows:

Treasury A/c   Dr.  $16,000

          To Cash                   $16,000

Cash                       $14000

Retained Earnings $2,000

       To Treasury stock                      $16,000

Hence, the journal entries recording the given transaction relating to treasury stock are explained above.

Learn more about journal entries here:

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6 0
2 years ago
Read 2 more answers
The accounts receivable turnover is computed as __________ divided by __________. sales; accounts receivable sales; average acco
tekilochka [14]

Answer:

sales ; average accounts receivables

Explanation:

Accounts receivable turnover refers to how a business firm manage its assets. Businesses, companies uses accounts receivables to know and quantify how perfectly goods bought on credit by their customers are being paid back. It also measures how business gives credit and collects back it's debt .It is calculated as net sales divided by average accounts receivables.

6 0
3 years ago
Assume that Germany and China can produce beer and cloth. If the MPLc/MPLb for Germany is 2/5 and the MPLc/MPLb for China is 1,
elena55 [62]

Answer: c. specialize in producing beer and export beer.

Explanation:

As per the Theory of Competitive Advantage posited by David Ricardo, a country should specialize in the good that it has a competitive advantage in. A country has a competitive advantage if it incurs a less opportunity cost in producing the good.

Opportunity cost of producing beer for Germany = MPLc/MPLb = 2/5

Opportunity cost of producing beer for China = MPLc/MPLb = 1

Germany has a lower cost of producing beer so they should specialize in this and export it.

6 0
2 years ago
Suppose that you will receive annual payments of $20,500 for a period of 10 years. The first payment will be made 10 years from
Greeley [361]

Answer:

Present value of this stream of payments=97,179.75

Explanation:

The payment stream described is an ordinary annuity, 10 equal payments in equal intervals, with the 1st payment being received at the end of year 10 and the last one at the end of the 20th year.

Present value of an ordinary annuity  is calculated as follows:

Present value =PMT*\frac{[1-(1+i)^-^n]}{i}

Where PMT is equal payments made each period

= $20,500

              i is the required rate of return per period

= 5%

              n is the number of periods= 10

Applying this formula would thus give the present value of the annuity at the end of year 10 as follows:

Present value(t=10) =20,500*\frac{[1-(1+0.05)^-^1^0]}{0.05}  = 158,295.57

This is the present value at the end of year 10, and this value has to be discounted 10 years back to today as follows:

Present Value (today) =\frac{158,295.57}{(1+0.05)^1^0}=97,179.75

4 0
3 years ago
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