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2 years ago

How is the relationship between unitss in the money system in the u.s. similar to the metric system

Business

1 answer:

Agata [3.3K]2 years ago

3 0

Answer:

Both the metric system and the US monetary system are based on the system of tens.

Explanation:

The metric system is based on the meter, which is divided into 100 centimeters, while the US monetary system is based on the dollar that is divided into 100 cents.

Generally speaking all Americans and most US organizations use the Imperial System (along with Liberia and Myanmar), while the rest of the world uses the metric system. But some American organizations use the metric system also, like the military and many financial institutions, specially those that export or trade with commodities.

What s really intriguing about this, is that the metric system is the official measuring system of the US since 1866, but it hasn't been massively applied yet.

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6. Global Exporters wants to raise $31.3 million to expand its business. To accomplish this, it plans to sell 15-year, $1,000 fa

kvv77 [185]

Answer:The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds

Explanation:

Number of bonds = Amount need to expand business / Bond price

But

Bond price = $1,000 / [1 + (0.0575 / 2)^(15 × 2)

Bond price = $1,000 / 1.02875 ^ 30

Bond price = $1,000 /2.340

Bond price = $427.350

Therefore the Number of bonds = $31, 300,000 / $427.350

Number of bonds= 73,242 bonds

The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds

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2 years ago

Abburi Company's manufacturing overhead is 40% of its total conversion costs. It direct laboris $63,600 and if direct materials

Agata [3.3K]

It direct labor is $63,600 and if direct materials are $23,800,the manufacturing overhead is:$25,440

What are conversion costs of production?

Conversion costs are costs of labor incurred and other related expenses incurred in a bid to transform raw materials to finished goods, the only conversion costs in this case is direct labor, which is $63,600, in other words, the Abburi Company's manufacturing overhead is 40% of direct labor costs

manufacturing overhead=40%*direct labor costs

direct labor costs=$63,600

manufacturing overhead=40%*$63,600

manufacturing overhead=$25,440

Find out more about manufacturing overhead on:brainly.com/question/20815795

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7 months ago

What is the difference between simple and compound interest rates

Vlada [557]

Answer:

see below

Explanation:

Simple interest is a method of calculating gains or yields from savings, deposits, or credit. In simple interest, the interest earned is a constant figure throughout the life of an investment or loan. Simple interest is usually expressed as a percentage, called the interest rate. It is calculated by multiplying the interest rate by the principal amount and by the time. The interest rate quoted applies for a year.

Unlike simple interest, interest earned in compound interest increases every year. Compounding interest refers to the practice of adding interest earned to the principal amount. An increase in the principal amount results in an increase in the interest earned. Due to the compounding effect, a compound interest-earning account will yield more interest than a simple interest-earning account.

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AnnyKZ [126]

I’m not sure. sorry i can’t answr

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