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3 years ago

What are the paper bills and coins that a country actually circulates called?

Business

2 answers:

prohojiy [21]3 years ago

4 0

circulation currency is the answer.

fiasKO [112]3 years ago

3 0

currency? or money. It seems quite vague. Each country calls its currency in various ways.

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Michael Company reports the following account balances at the end of the first year of operations: Revenues $ 160 comma 000 Cos

professor190 [17]

Answer:

$46,000

Explanation:

The computation of the total liabilities at the end of the first year is shown below:

We know that

Total assets = Total liabilities + stockholder equity

where,

Total assets = Cash + land + short term investment

= $102,000 + $40,000 + $14,000

= $156,000

Stockholder equity = Common stock + net income - dividend paid

= $50,000 + 72,000 - $12,000

= $110,000

So, the total liabilities would be

= $156,000 - $110,000

= $46,000

Working Note:

The net income is

= Revenue - cost of goods sold - Salaries Expense - Utilities Expense - Advertising Expense 

= $160,000 - $46,000 - $21,000 - $11,000 - $10,000

= $72,000

3 0

3 years ago

Target profit is $100,000; fixed overhead costs are $120,000 and fixed selling and administrative costs are $50,000. If total va

vlada-n [284]

Answer:

40%

Explanation:

The markup percentage to the variable cost using the variable cost method can be obtained by dividing the addition of the target profit and total fixed cost by the total variable cost as follows:

Total fixed cost = Fixed overhead costs + Fixed selling and administrative costs = $120,000 + $50,00 = $170,000

The markup percentage to the variable cost = (Target profit + Total fixed cost) / Total variable cost = ($100,000 + $170,000) / $675,000 = $270,000 / $675,000 = 0.40, or 40%.

Therefore, the markup percentage to the variable cost using the variable cost method is 40%.

3 0

3 years ago

When one firm is able to dominate the market and no other firm is able to enter the market, a(n) ______________ has formed.

matrenka [14]

B. Monopoly is the correct answer

3 0

3 years ago

Suppose there is a product that is being sold in a perfectly competitive market. If the market price of the product falls, prod

yuradex [85]

Answer:

Decrease; Less

Explanation:

The producer surplus is the difference between the minimum price that a producer is willing to accept for a product and the price he actually receives.

When the market price of a product falls, the producer surplus will decrease as well.

The lower market price implies that there will be less area between the supply curve and the market price of the product.

3 0

3 years ago

":Your local travel agent is advertising an upscale winter vacation package for travel three years from now to Antarctica. The p

8090 [49]

Answer:

$85,931.40

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator:

Cash flow in year 0 = $20,000

Cash flow in year 1 = $35,000

Cash flow in year 2 = 0

Cash flow in year 3 = $45,000

Discount rate = $85,931.40

I hope my answer helps you

4 0

2 years ago