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amid [387]
3 years ago
10

It is quite clear that Jean-Baptiste Colbert, Louis XIV’s chief accountant, was instrumental in bringing back the financial glor

y of France after the Fronde (1648 - 1653). Colbert had instituted a clear and complete accounting structure for Louis that provided Louis with the financial information he needed to run his kingdom - including pocket size account books. Upon Colbert’s sudden death in 1683, however, Louis chose not to replace Colbert or continue this formal accounting function. Why was this the case and what were the implications for Louis and for France?
Business
1 answer:
muminat3 years ago
3 0

The correct answer to this question is the following.

Upon Colbert’s sudden death in 1683, however, Louis chose not to replace Colbert or continue this formal accounting function. The implications for Louis and France were bad.

As the meticulous accountant he was, Colbert established a stern control over the French finances, helping the country to stabilize the economy and the monarchy's finances. Emperor Louis XIV was an extravagant man who liked to spend the money of the kingdom. Well, Colbert managed it to establish control of the expenditure and had surpluses. Of course, this was not accepted by many people, including the king. So when Colbert died, "everything returned to normal," which means that the king started to spend money as he used to and the consequences were that France came back to those economic problems and the inequity that had characterized Louis XIV kingdom.

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The following variable production costs apply to goods made by O'Brien Manufacturing Corporation: Item Cost per Unit Materials $
Reika [66]

Answer:

$50,000 ; $100,000 ; $150,000

Explanation:

The computation of the total variable production cost is shown below:

For 4,000 units, it would be

= 4,000 units × $12.50

= $50,000

For 8,000 units, it would be

= 8,000 units × $12.50

= $100,000

For 12,000 units, it would be

= 12,000 units × $12.50

= $150,000

Simply we multiplied the total variable cost per unit with the respective units

6 0
4 years ago
A sum of $46875 was lent out at simple interest and at the end of 1 year 8 months, the total amount was $50000. Find the rate of
tino4ka555 [31]

Answer:

4%

Explanation:

Simple interest is calculated using the formula

I = p x r x t

in this case, the interest I is the total amount-principal amount

I = $50,000- $46,875

=$3,125

$3,125 = 46,875 x r x 1 year 8 months

$3,125 =46,875 x r/100 x 1.67

3125=78,281.25 x r/100

$3125 x 100 = 78,281.25 x r

$312500= 78,281.25

r=312500/78,281.25

r=3.992

r=4%

5 0
3 years ago
Other things the same, if the expected return on U.S. assets increased (e.g. higher interest rate), the a. supply of dollars in
harina [27]

Answer:

b. supply of dollars in the market for foreign-currency exchange shifts left

Explanation:

In the case when the expected return on the US assets should be rise while keeping other things constant so it reduced the dollar supply because the investors in US would begins switching the international investment to the domestic due to this it reduced the supply. This cause to shifting the supply curve to the left

Therefore the option b is correct

8 0
3 years ago
The evidence of debt and personal promise to repay that debt is called
xz_007 [3.2K]
This evidence will be called 'Note'
6 0
3 years ago
The owner of a property creates a deed, leaving the name of the grantee blank, and puts it in a drawer, where it is forgotten fo
bazaltina [42]

Answer:

Because recording a deed as the grantee will allow the listed to legally hold the deed, plus having the physical deed is moreso evident of being grantee, unless the owner of the property has proof of the visitor forging his grantee permit he has no way of disputing it.

Explanation:

7 0
4 years ago
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