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3 years ago

What is the relationship between inflation/deflation and the cross of gold speech?

1 answer:

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The "Cross of Gold" speech was given by William Jennings Bryan in 1896 at the Democratic National Convention, where Bryan stated his support for "free silver" to bring prosperity to the nation. Inflation is when the<span> purchase cost of goods and services rise, whereas </span>deflation<span> happens when those prices decrease. The Cross of Gold Speech was believed to bring about inflation for the economy. </span>

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On January 1, a company agrees to pay $20,000 in three years. If the annual interest rate is 10%, determine how much cash the co

Step2247 [10]

Answer:

Amount borrow P = $15,026.296

Explanation:

Given:

Amount pay A = $20,000

Number of year n = 3

Rate r = 10% = 0.10

Find:

Amount borrow P

Computation:

A = P[1+r]ⁿ

20,000 = P[1+r]³

20,000 = P[1+0.10]³

20,000 = P[1.10]³

20,000 = P[1.331]

Amount borrow P = $15,026.296

5 0

3 years ago

The most important elements in a business model include all of the following except: A. Selecting a growth strategy B. Verifying

worty [1.4K]

Answer:

Option A

Explanation:

In simple words, business model refers to the strategy for creating a profit for a product. This defines the goods or services that the company is trying to offer, the intended audience that it has defined as well as the costs it plans.

A creative technology company must include a business plan, if only to draw funding, help it retain talent, and inspire leaders and managers. Established companies frequently have to review and revise their operating strategies, or struggle to predict emerging developments and obstacles. Investors will study and analyse the corporate strategies of all businesses that are involved in them.

Choosing a development procedure for growth is not really a part of a business framework, but a point of performance of the growth model. Other choices specifically address which kind of goods should be selected in a company with which specific market group and how you'd like to benefit from your package's particular quality.

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4 years ago

Due to recent political and economic events, general prices of goods and services are expected to increase significantly over th

melomori [17]

Answer:

a. Inflation

Explanation:

In the context of economics, inflation refers to the increase in the price of goods and services

Moreover, we also know that

(1 + Nominal rate of return) = (1 + real rate of return) × (1 + inflation rate of return)

According to the given situation, it is mentioned that The general goods and services prices are expected to rise substantially over the next five years which represents the concept of inflation

Hence, the option a is correct

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3 years ago

Sheryl Crow Equipment Company sold 500 Rollomatics during 2014 at $6,000 each. During 2014, Crow spent $20,000 servicing the 2-y

Natasha2012 [34]

Answer:

(a) Prepare 2014 entries for Crow using the expense warranty approach. Assume that Crow estimates the total cost of servicing the warranties will be $120,000 for 2 years.

To record the 2014 sales:

Dr Cash 3,000,000

Cr Sales revenue 3,000,000

Dr Warranty expense 120,000

Cr Warranty liability 120,000

To record the expenses related to warranty liability during 2014

Dr Warranty liability 20,000

Cr Cash 20,000

(b) Prepare 2014 entries for Crow assuming that the warranties are not an integral part of the sale. Assume that of the sales total, $150,000 relates to sales of warranty contracts. Crow estimates the total cost of servicing the warranties will be $120,000 for 2 years. Estimate revenues to be recognized on the basis of costs incurred and estimated costs.

To record the 2014 sales:

Dr Cash 2,850,000

Cr Sales revenue 2,850,000

Dr Cash 150,000

Cr Unearned warranty revenue 120,000

Cr Warranty revenue 30,000

To record the expenses related to warranty liability during 2014

Dr Warranty expenses 20,000

Cr Cash 20,000

Since the warranty covers a 2 year period, the company cannot recognize any more warranty revenue yet.

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4 years ago

While setting the price of a product, what must managers consider? A cost of the whole marketing mix B) buying capacity of the c

Naddik [55]

Answer:

While setting the price of a product, managers must consider all of the following: A) cost of the whole marketing mix B) buying capacity of the customers C) profit it should bring the company D) transportation cost E) personnel cost to the company

Explanation:

Key factors in calculating the sale price can be:

Costs are a major factor in determining the selling price and a way of forming a price that is primarily related to costs called “ground” because it represents the minimum at which the price can be set. It includes cost plus other costs with no projected or minimal profit;

Demand/buying capacity as a key factor in price calculation is tied to a method called the "ceiling" because capacity exceeds the price limit that customers are willing to accept to get a product or service.
Competition as a pricing factor refers to alternatives that customers can choose from, and competition allows them to do so;

Cost-based pricing has its sub-methods such is Cost plus method

The basic principle is to add a rate of profit to the sum of direct and indirect costs. This way price consider a profit to it should bring to company.

Direct costs include material and labor costs, and indirect or general costs comprise a portion of fixed indirect costs such as depreciation, administration costs, sales costs and other general costs.

Formula: price = Direct costs + Indirect costs + Rate of profit

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3 years ago