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3 years ago

Which of the following correctly defines money as a unit of account?

1 answer:

6 0

The correct answer to this question is letter "c. it provides a means for comparing the values of goods and services." The statement that correctly defines money as a unit of account is that it provides a means for comparing the values of goods and services.

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For the last five years, the HR manager at Fresh Foods has been asking all applicants to appear for a test. The HR manager now i

Troyanec [42]

Answer:

The correct answer is predictive validity test.

Explanation:

A predictive validity test is carried out in order to predict the performance that a collaborator will have in the future. With this dynamic, it is ensured that an honest employee is hired, and that he always acts under the rules of the organization to which he will belong. In general, there are discrepancies compared to what many people can do under certain circumstances, and this test is precisely what they want to know about the performance under different scenarios.

8 0

2 years ago

Read 2 more answers

A public debt which is owed to foreigners can be burdensome because: a foreign interest rates are persistently higher than domes

yulyashka [42]

A public debt owed to foreigners can be burdensome because B) payment of interest reduces the volume of goods. This can usually be seen illustrated in the form of a nation lending another nation money. The debt is public because the whole nation takes it on. The lending nation then is lacking in terms of use by the lending nation.

4 0

3 years ago

LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The f

Nutka1998 [239]

Answer:

Cost to retail ratio = 57.05%

Explanation:

Particulars Cost Retail

Beginning Inventory $46,000 $66,000

Add: Purchases $213,000 $406,000

Less: Purchases Return $7,000 $9,000

Freight In $15,558 -

Net Markups - $6,400

Good Avail. for Sales (Without markdowns) $267,558 $469,000

Cost to retail ratio = $267,558/$469,000

Cost to retail ratio = 0.570486

Cost to retail ratio = 57.05%

6 0

2 years ago

Last year, Stumble-on-Inn, Inc. reported an ROE of 19 percent. The firm's debt ratio was 60 percent, sales were $34 million, and

Sonja [21]

Stumble-on-Inn, Inc.'s net income for last year is $3,359,200.

<h3>Data and Calculations:</h3>

ROE (Return on Equity) = 19%

Debt ratio =60%

Sales = $34 million

Capital intensity = 1.30 times

Assets = $44.2 million ($34 million x 1.30)

The Total Debt = $26,520,000 ($44,200,000 x 60%)

The Equity = $17,680,000 ($44,200,000 - $26,520,000)

The Net income = $3,359,200 ($17,680,000 x 19%)

Thus, Stumble-on-Inn, Inc.'s net income for last year is $3,359,200.

Learn more about Net Income at brainly.com/question/21271689

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2 years ago

During March, the production department of a process operations system completed and transferred to finished goods 35,000 units

kotegsom [21]

Answer:

Direct Labor Equivalent unit cost : $5,415463

Explanation:

$\left[\begin{array}{ccccc}\\ &$Units to be assigned costs:&&Equivalent Units&\\&&$Whole Units&Materials&Conversion\\&$Beginning&35000&35000&17500\\&$Started and completed&71000&71000&71000\\&$transferred&106000&106000&106000\\&$ending&39000&39000&11700\\&$Total units to be assigned costs&145000&145000&117700\\\end{array}\right]$

Transferred units:

beginning + started - ending = transferred

35,000 + 71,000 - 39,000 = 71,000

Labor cost: 581,000 + 56,400 = 637,400

equivalent units for conversion: 117,700

(trasnferrred + percentage of completion ending WIP)

Equivalent unit cost:

637,400 / 117,700 = 5,415463

7 0

3 years ago