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3 years ago

Which type of economy features a direct exchanges of goods or services without the use of money?

Business

2 answers:

gayaneshka [121]3 years ago

7 0

The answer is BARTER or TRADE

cestrela7 [59]3 years ago

4 0

Answer:

The answer would be Barter System.

Explanation:

In today's world, companies sell their product of services to the people and take money in exchange of their product or service. People pay money to buy something they want. But long ago, before the invention of money or currency, there was a system in which goods were exchanged for goods and services were exchanged for services. This system was called as the Barter System. In this system, people exchange their products or services to other people for their product or services. No money was involved. If people wanted to buy some products, then they should exchange their own product so that they can buy that specific product that they need.

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Your neighbor Bob has two annuities. The first annuity will pay him $10,000 per month for the next 10 years. The second annuity

german

Answer:

$1,643,344.308

Explanation:

These are Ordinary annuities because if it is not mentioned that the payments are made at the beginning of the year which is the case for Annuity Due.

You can use a financial calculator to find the Present value of these two ordinary annuities.

PV of Annuity 1 from (yr1-yr10)

Recurring payment; PMT = 10,000

Total duration ; N = 10 *12 = 120 months

Monthly interest rate in this case ; I/Y = 6%/12 = 0.50%

Future value ; FV = 0 (use 0 if annuity variable is not given )

then CPT PV= $900,734.533

PV of Annuity 1 from (yr11-yr20)

This will happen in 2 steps sice it is a forward-starting annuity;

Recurring payment; PMT = 15,000

Total duration ; N = 10 *12 = 120 months

Monthly interest rate in this case ; I/Y = 6%/12 = 0.50%

Future value ; FV = 0 (use 0 if annuity variable is not given )

then CPT PV( at t=10)= $1,351,101.80

Next find the PV of $1,351,101.80 at t=0;

$1,351,101.80 /(1.005^120) = $742,609.7754

Next, find the sum of these two PVs to find the answer;

=$900,734.533 + $742,609.7754

PV = $1,643,344.308

6 0

3 years ago

The demand for good X is estimated to be Qxd = 10,000 − 4PX + 5PY + 2M + AX where PX is the price of X, PY is the price of good

Olenka [21]

Answer:

Explanation:

Given the equation ; Qxd = 10,000 − 4PX + 5PY + 2M + AX

where PX is the price of X = $50

PY is the price of good Y = $100

M is income = $25,000

and AX is the amount of advertising on X = 1,000 units

a) Calculate the quantity demanded of good X ; Plugging all the values into the equation ;

= 10,000 − 4(50) + 5(100) + 2(25,000) + 1000

Qxd = 61,300units

b) Calculate the own price elasticity of demand for good ;

= d(Qxd)/dpx X px/Qxd = -4 x 50/61,300

= 0.0033. hence he demand for goods is inelastic

c) l will surely recommend lowering the price as this is evident from the value of the price elasticity of demand which is negative as such an increase in the price of their goods will give rise to total loss

d ) cross-price elasticity between goods X and Y = %change in quantity/ %change in price

e) Calculate the income elasticity of good X. Is good X normal or an inferior good? = dQ/dM X M/Q = 2(25000) /61300

= 0.82.

Yes! Good X is a normal goods since the value of the income elasticity is positive.

5 0

3 years ago

What is budgetary control?

Lyrx [107]

Answer:

The use of budgets in controlling operations

Explanation:

Budgetary control

The efficiency with which the manger utilizes the budget to control and monitor the costs and operations in a given period of time .

uses the budget as the controlling operations .

Steps of Budgetary Control:

a. Establish a plan or a target of the performance , which coordinates all the activities of the business .

b. Record the actual performance .

c. Compare the actual performance with the planned .

d. Calculate the differences , variances and the reasons .

e. Act immediately , if necessary, to remedy the situation.

5 0

3 years ago

Read 2 more answers

What action is key to success in online learning?

BabaBlast [244]

Studying. Never stop studying, going over your work twice, and double checking.

3 0

3 years ago

Read 2 more answers

Vaughn Corporation has retained earnings of $706,100 at January 1, 2017. Net income during 2017 was $1,638,400, and cash dividen

Oxana [17]

Answer: Please see below for answer

Explanation: Retained earnings is the portion of net income accumulated in a company which can be used for future reinvestment purposes after the cumulative amount of dividends declared have been deducted.

Solution- Using items that increase retained earnings first before any deduction

Vaughn Corporation

Retained earnings statements

Ended December 31st, 2017.

Retained Earnings as Reported on January 1st $706,100

Correction for Overstatement of expenses $89.100

Retained earnings as adjusted = $795,200

(Add) Net income/loss $1, 638,400

Net cash dividend (less) -$83, 100

Retained Earnings in December 31st 2017 $2,350,500

7 0

3 years ago