Answer:
Money as a medium of exchange is more preferable because of its less cumbersome nature.
Explanation:
Money as a medium of exchange is more suitable because of its less cumbersome nature. Money was invented because of the inefficient nature of the barter system.
Money is easily stored compared to a barter system.
Money as a medium of exchange eliminates the barter system's problem of double coincidence of wants. Barter works when you trade things you own for things you want. If for example you want a bicycle and you own a goat, you have to look for someone who wants a goat and owns a bicycle willing to make an exchange, which can be quite difficult.
Money is an acceptable medium of exchange to all parties which makes it more preferable to bartering.
Because the general economy takes a downturn, the company is likely to offer rebates and incentives for customers who purchase washing machines.
<h3>What are the
rebates and
incentives?</h3>
In marketing, these are techniques of marketing promotion that are used to entice, induce prospective customers.
Therefore, as the firm has expanded its capacity where the the general economy takes a downturn, it is likely to offer rebates and incentives for customers who purchase washing machines.
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Answer:
If the units are reworked, income will increase by $5,800.
Explanation:
Giving the following information:
Number of units= 1,000
Sell as-is= $4.3
Rework cost= $2.8
Selling price= $12.9
<u>Because the original cost will remain constant in both options, we will not take them into account.</u>
Sell as-is:
Effect on income= 1,000*4.3= $4,300
Rework:
Effect on income= 1,000*(12.9 - 2.8)
Effect on income= $10,100
If the units are reworked, income will increase by $5,800.
Answer:
A. Dr Cash $327,500
Cr Common Stock $210,000
Cr Capital Paid In $117,500
B. Dr Cash $90,000
Cr Common Stock $90,000
C. Dr Inventory $59,000
Dr Machinery $185,000
Cr Note Payable $95,000
Cr Common Stock $80,000
Cr Capital Paid In $69,000
Explanation:
Preparation of the issuer's journal entry
A. Dr Cash $327,500
Cr Common Stock $210,000
(52,500 shares* $4 par value )
Cr Capital Paid In $117,500
($327,500-$210,000)
B. Dr Cash $90,000
Cr Common Stock $90,000
C. Dr Inventory $59,000
Dr Machinery $185,000
Cr Note Payable $95,000
Cr Common Stock (4000 * $20) $80,000
Cr Capital Paid In $69,000
($59,000+$185,000-$95,000-$80,000)
Suppose the federal reserve (The Fed ) announces that it is lowering its target interest rate by 75
basis points or 0.75% . It would achieve this by shifting the supply curve of the money to the...
