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3 years ago

When an economist says that a currency has become stronger he or she means that?

2 answers:

6 0

A strong currency occurs when the value of a country's currency has risen to a level against another currency that is near historically high exchange rates. This means that a currency is worth more relative to other currencies. Because most currencies are floating, their values vary according to market trends. When one unit of currency trades for more units of another, it is said to be a strong currency. The advantage of this is, travelers are able to go abroad while spending less of their money, also it makes exports more expensive in other countries.

Blababa [14]3 years ago

5 0

It can be exchanged for more of a foreign currency

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Investments, Inc., began by issuing common stock for cash of $260,000. The company immediately purchased computer equipment on

Grace [21]

Answer:

If we add up the debit we got: 260,000 + 116,000 = 376,000

adding the credit we also get the same amount:

260,000 + 116,000 = 376,000

the accounting equation will be:

Assets 376,000 = Liabilities 116,000 + Equity 260,000

Explanation:

CASH

DEBIT CREDIT

260,000

EQUIPMENT

DEBIT CREDIT

116,000

ACCOUNTS PAYABLE

DEBIT CREDIT

116,000

COMMON STOCK

DBEIT CREDIT

260,000

7 0

2 years ago

Major limitations of the balance sheet include all of the following except: it necessarily omits many items that are of financia

olga_2 [115]

Answer:

Option D Only amounts known with absolute certainty are reported

Explanation:

This is incorrect statement because International Accounting Standard IAS 37 Provisions, Contingent Liabilities and Contingent Assets sheds light on the recording of future events that will arise as a result of past events. The standard is useful in estimating future events so saying that the absolutely certain amounts are reported is incorrect.

4 0

2 years ago

The labor force includes rev: 05_30_2018 Multiple Choice employed workers but excludes persons who are officially unemployed. pe

butalik [34]

Answer:

employed workers and persons who are officially unemployed

Explanation:

The labor force is the force that involves the labors who are employed and the unemployed i.e. officially

In an equation, it can be

Labor force = Employed workers + unemployed workers

It is a combination of both the employed and the unemployed workers

hence, the correct option is third

Therefore all the other options are wrong as they do not meet the criteria of the labor force

8 0

3 years ago

A company has $10,710 available per month for advertising. Newspaper ads cost $180 each and can't run more than 22 times per mon

True [87]

Answer:

22 radio advertisements will be used.

Explanation:

Note: A similar complete question is as follow as the question provided is incomplete "A company has $11,970 available per month for advertising. Newspaper ads cost $110 each and can't run more than 25 times per month. Radio ads cost $410 each and can't run more than 32 times per month at this price. Each newspaper ad reaches 5950 potential customers, and each radio ad reaches 7100 potential customers. The company wants to maximize the number of ad exposures to potential customers. Use n n for number of Newspaper advertisements and r r for number of Radio advertisements . Maximize P"

Number of potential customers that can be reached due to each dollar spent in newspaper advertising = 5950 / 110 = 54.09

Number of potential customers that can be reached due to each dollar spent in Radio advertisements = 7100 / 410 = 17.32.

As the number of potential customers reached by each dollar spent is more from the newspaper advertising, we will use all the newspaper advertising opportunities before going for the radio advertisements. So, we will choose to have 25 newspaper advertisements in the month.

The cost of 25 newspaper advertisements = 25*110 = $2750.

Amount left = $11970 - $2750 = $9220.

Number of radio advertisements possible in this budget = 9220 / 410 = 22.48

Hence, 22 radio advertisements will be used.

3 0

2 years ago

Sean works in the human resource department of a well-known and highly respected maker of athletic equipment. He suggests that t

tester [92]

Answer: b. The company will be flooded with applications from individuals who are barely qualified.

Explanation:

By putting job advertisements on popular websites which are full of people looking for jobs, the company will attract people who are underqualified but apply anyway on the off chance that they are called for an interview. The company will incur costs sifting through the applications to find suitable candidates.

This will be a waste of the company's resources as those resources could have been directed at getting prospective employees that would be a better fit with the company and have the relevant qualifications. This could have been done by going to a recruiting agency for instance.

7 0

2 years ago