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3 years ago

A transaction between two parties who agree to trade money for a product or service is referred to as _____ exchange.

1 answer:

3 0

The answer to this question is: Voluntary exchange
In economy, voluntary exchange refers to the trade of resources between two parties that based on their own will.
This type of exchange usually could only happen because both parties feel that they will be advantaged from the exchange

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Suppose your expenses for this term are as follows: tuition: $28,000, room and board: $9,000, books and other educational su

astraxan [27]

Answer: Option C is correct

Explanation:

Opportunity cost or loss is the contribution lost due to the leaving one opportunity to exploit the other one. So in this case, the opportunity that I am going to exploit is going to college this term. So according to relevant costing the relevant cost is:

(a) Cash flow in nature.

(b) Future contract binding (future related)

To find whether the cost is incremental cost or not we can find through the following method.

Step 1: Find the cash flow that is arising due to the decision?

Step 2: Find the cash flow arising if we don't take the decision?

Step 3: The difference of step 1 and 2 is differential or incremental cost.

All the inflows and outflows are cash flow in nature and future related. The only thing we have to find is that whether or not the cost is incremental or not.

For this Term:

Step 1 Step 2 Step 3

Take Decision If we Don't Incremental

Salary loss (42-16) (26,000) - (26,000)

Tuition cost (28,000) - (28,000)

Room and Board (9,000) - (9,000)

Books and Edc. Supplies (2,500) - (2,500)

TOTAL COSTS (65,500)

Kindly also review the following question for you better understanding

brainly.com/question/14423321

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4 years ago

Today, most union members work as Select one:

Karolina [17]

Answer:

(d.) teachers, police, and civil servants.

Explanation:

Trade union can be defined as an association of workers that forms a legal unit and acts as a legal representative for the workers in that unit in solving matters that may arise from law or right infringement.

In today union, members work as engineers, security, students, teachers.

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3 years ago

What does “Barbarian” mean?

diamong [38]

Answer:

it means u mad bro?

Explanation:

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3 years ago

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Which of the following is not properly classified as property, plant, and equipment? a. Land used in ordinary business operation

Vilka [71]

Answer:

b. A truck held for resale by an automobile dealership

Explanation:

Property plant and equipment are physical or tangible assets used by an organization in the ordinary course of business. They include Land and building used in ordinary business operations, plant and machinery used in production, Land improvements, such as parking lots and fences etc. Such assets are usually depreciated as they are used and in accordance with the organization's policy. However, assets held for sale are not used by the organization in the ordinary course of business rather, the company holds them till such assets are sold. No depreciation is computed on the assets held for sale. Hence, from the options given, a truck held for resale by an automobile dealership is the only item held for sale and does not qualify for recognition as property plant and equipment. The right answer is b.

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3 years ago

HELP PLEEEEEEEEASE!!!!!!!!!!!!!!!!!!!!!!!!!!!

disa [49]

This is referred to as dual enrollment.

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4 years ago

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A transaction between two parties who agree to trade money for a product or service is referred to as​ _____ exchange.

A transaction between two parties who agree to trade money for a product or service is referred to as _____ exchange.