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3 years ago

What is a commodity?

Business

1 answer:

BabaBlast [244]3 years ago

3 0

The correct answer is D. Something of value that can be bought, sold, or traded

Explanation:

The word "commodity" is used in economics to refer to any good or product that has an economic value and due to this, can be part of the market. This means any commodity can be traded, sold, or bought. Moreover, this concept is mainly applied to raw materials such as coal, timber, or wheat that can be used to make other manufactured products such as plastics, furniture, or flour. According to this, the option that correctly describes the word commodity is option D.

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In coming years, high-tech growth areas such as computers, biotechnology, and robots are likely to experience a:

Sergio039 [100]

Answer:

C. shortage of skilled labor.

Explanation:

The invention of high-tech (computers, biotechnology, robots, drones, self driving vehicles and so an) is reducing the involvement of skill human labor which will continue incoming years. For example humans carryout the task of carrying-out calculation several years ago, but in recent years computers carry out such works and at a faster pace. Also routine human works such as arranging, bottling, pasting of labels can be carried-out by well programmed out and trained robots. These and many more will cause the shortage of labor(human) in coming years.

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3 years ago

Brad operates a hardware store. He maintains the books using the cash method. At the end of the year, his accountant computes hi

iris [78.8K]

Answer:

Brad Hardware Stores

a. Brad's accrual basis gross receipts for 2018 are: __________

= $1,450,000.

b. The cost of goods sold for 2018 under the accrual method is: ____________

= $1,125,000.

c. The gross profit from merchandise sales for 2018 under the accrual basis is:__________

= $1,235,000.

Explanation:

a) Data and Calculations:

Sales revenue for 2018:

Cash receipts = $2,200,000

Less 2017 accounts receivable $750,000

Add 2018 accounts receivable $910,000

Sales revenue for 2018 = $2,360,000

Gross receipts for 2018:

Cash receipts = $2,200,000

Less 2017 accounts receivable $750,000

Gross cash receipts = $1,450,000

Purchases for 2018 = $1,100,000

Beginning inventory = $165,000

Ending inventory = $140,000

Cost of goods sold = $1,125,000

Accrual Basis:

Sales revenue for 2018 = $2,360,000

Cost of goods sold = 1,125,000

Gross profit $1,235,000

4 0

3 years ago

Boretti has $400,000 in a stock fund. The fund pays a 10% return, compounded annually. If he does not make another deposit into

LenKa [72]

Answer:

it will take 16.89 years for the account to increase to $2 million.

Explanation:

PV = $400,000

FV = $2,000,000

I/Y = 10%

Solving for N in:

FV = PV * (1 + I/Y)N

$2,000,000 = $400,000 * (1.10)N

5 = (1.10)N

N = 16.89 years

Therefore, it will take 16.89 years for the account to increase to $2 million.

6 0

4 years ago

Items Billions of $

malfutka [58]

M1: 4750

2500 billion in the economy

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3 years ago

U.S. demand for Japanese products creates a ________ U.S. dollars and a ________ Japanese yen in the foreign exchange market.

crimeas [40]

Answer:

The correct answer is option C.

Explanation:

US demand for Japanese products will create a supply of US dollars and demand for Japanese yen in the foreign exchange market.

This is because when the US consumers purchase Japanese products they need to pay in Japanese yen, so they will exchange US dollars for Japanese yen. Consequently, this will lead to an increase in the supply of US dollars and a demand for Japanese yen.

6 0

4 years ago