Answer:
The answer is yes, it will function as a medium of exchange.
Explanation:
Money has three functions, store of value, unit of account and medium of exchange. Money that can be used as a medium of exchange is money that is accepted as such by both buyers and sellers, and that is comfortable, or convenient enough, to be carried and exchanged
In this example, the nation of Newbie will issue a currency that can be easily transported. While heavy stock cardboard is a little bit heavier than the paper in which most modern-day currencies are printed, the weight is still light, and does not impede easy transportation and exchange of the currency bills.
Besides, the new Newbie Nugget will be what is know was the legal tender of the nation. The legal tender is the currency that a specific country accepts to collect taxes. This gives more legitimacy to Newbie Nugget and makes it a classical example of a medium of exchange.
<span>Conversion Cost
You can call this the cost of changing the goods into buyable items . These costs are the blend of direct work costs in addition to assembling overhead expenses.
You can consider conversion costs as the assembling or generation costs important to change over crude materials into items. Communicated another way, conversion costs are a maker's item or generation costs other than the expenses of crude materials.</span>
Answer:
The correct word for the blank space is: China Bistro.
Explanation:
P. F. Chang's China Bistro mainly known as China Bistro is an Asian-themed restaurant offering diverse dishes of Asian gastronomy. The restaurant is characterized by the elegance of its accommodations and offers buffets with a wide variety of foods as a form of an exhibition. P. F. Chang's China Bistro has a presence in different countries around the world such as <em>Brazil, Dominican Republic, United Arab States, Qatar, South Korea, the United Kingdom, </em>and <em>the United States.</em>
Answer:
1. Pam's production strategy should be:
C). She should have one centrally located facility to achieve economies of scale.
2. Her employees should have this attitude toward risk:
B). Risk averse
3. Her compensation system should have the following attributes:
A). High pay differentials between superiors and subordinates
4. Pam should emphasize rewards for employees who come up with ideas for __________.
B). cutting costs
Explanation:
Since "Pam had already identified cost leadership strategy as her preferred strategy, her efforts should be focused on achieving this cost leadership by ensuring that her organization comes up with cost reduction ideas. Instead of having many decentralized facilities, she should have a centrally located facility. This will ensure economies of large scale production which results in reduced cost. Finally, her employees cannot afford to be risk takers. They should be risk averse in order to save costs.
Answer:
14.7%
Explanation:
The computation of return on investment is shown below:
Return on Investment = Net Income ÷ Average total assets × 100
where,
Net Income is
= Sales - Cost of goods sold - Operating expense
= $4,525,000 - $2,550,000 - $1,372,000
= $603,000
And,
Average total assets = $4,100,000
So,
Return on Investment is
= $603,000 ÷ $4,100,000 × 100
= 14.7%
