Answer:
The correct option is c.6
Explanation:
For computing the velocity of money, the following formula should be used which is shown below:
The Velocity of money = Nominal income ÷ money supply
where,
Nominal income is $3,000
and, the money supply is $500
Now put these values to the above formula so that we can find out the answer
So, the answer would be equal to
= $3,000 ÷ $500
= 6
Thus, the velocity of money is 6
Hence, the correct option is c.6
<u>Answer:</u>
<u>- Yes,</u>
<u>- Bilateral, Implied contract which is enforceable.</u>
<u>Explanation</u>:
Note, both parties consented to a contract even though it was an informal setting. Remember, certain gestures were used by Ed to show contract acceptance, There's also valid consideration since the value of the exchange is known; which is a candy bar for $1.
Fran thus understands that Ed will pay for the candy later since he saw the sign, this also makes it a bilateral contract (between two parties only). The contract is also enforceable since it is legal to sell candies.
Answer:
C. $34,500
Explanation:
Given the above information, applied fixed overhead is computed as;
= Standard hours allowed for actual production × Predetermined rate
Standard hours allowed for actual production = 11,500
Predetermined rate = $3 per hour
Then,
Applied fixed overhead
= 11,500 hours × $3 per hour
= $34,500
I believe the correct answer from the choices listed above is option C. A government imposes tarriffs to increase competition in the marketplace. It is a<span> tax imposed on imported goods and services. It is used to restrict trade. Hope this answers the question.</span>
Answer:
<u>low opportunity cost</u>
Explanation:
<u>Opportunity cost</u> is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.
<u>Low opportunity cost: </u>The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.
