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Mnenie [13.5K]
3 years ago
5

________ the value (such as cash) given in return for a promise (in a bilateral contract) or in return for a performance (in a u

nilateral contract).
Often, it is broken down into two parts:
1. something of legally sufficient value must be given in exchange for the promise, and
2. there must be a bargained-for exchange.
Business
1 answer:
NemiM [27]3 years ago
6 0

Answer:

The correct answer is  consideration.

Explanation:

In securities or credit securities, the acquisition or settlement value at any given time, calculated at an exchange rate or with a premium or discount on the nominal value. Both can coincide if the change is 100% or there is neither a premium nor a discount.

The concept of effective value is not absolute, as it depends on what cost factors are estimated. Thus, for the calculation of the equivalent annual rate, only interest and commissions accrued for the credit operation are deducted from the nominal value, but not for other services annexed to it, as is the case with the minimum charge for discounting the discounted effects . However, the cash of an operation that may be of interest to the holder of the transaction will normally be determined by considering all kinds of concepts that reduce the nominal value.

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Sam wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacatio
KATRIN_1 [288]

Answer: Unit of account; Store of value; Medium of exchange.

Explanation:

Sam can easily know that the price of the computer system is more than the price of the vacation. This is a Unit of Account.

Unit of account is measuring of the value of a product against another in terms of a specific currency.

Sam has $1,537 in his checking account. This is a Store of value.

Store of value means an asset or money can be saved and retrieved at a later time, for future use.

Sam writes a check for $1,299 is a medium of exchange.

Medium of exchange is used to facilitate trade between parties. He exchanged money for the computer.

5 0
3 years ago
Scenario: Red Country and Purple Country have identical aggregate production functions. The amount of physical capital stock ava
strojnjashka [21]

Answer:

d

Explanation:

8 0
3 years ago
Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components depa
Damm [24]

Answer:

Way Cool:

1. Overhead cost per unit for each product line:

                               Model 145      Model 212

Machine hours            2,280             5,400

Numbers of units        1,600              3,200

Total costs           $498,441.25    $1,180,518.75

Overhead cost

 per unit                   $311.53           $368.91

2. Total cost per unit if the direct labor and direct materials costs per unit are $200 for Model 145 and $130 for Model 212

                                   Model 145      Model 212

Overhead cost

 per unit                       $311.53           $368.91

Direct material &

 labor cost per unit   $200.00           $130.00

Total cost per unit       $511.53           $498.91

3. Determination of profit or loss per unit if market price for Model 145 is $732 and $490 for Model 212:

                                  Model 145      Model 212

Sales price                 $732.00          $490.00

Cost of sales               $511.53           $498.91

Profit (Loss) per unit $220.47              ($8.91)

Explanation:

a) Data and Calculations:

Process Activity         Overhead  Driver              Quantity  Plant Wide Rate        

Components  C/over   459,500   No. of batches    810         $567.28    

Machining                    301,600   M. hours           7,680            $39.27

Setups                         227,500   No. of setups        80       $2,843.75

Sub-Total                  $988,600  

Finishing welding       180,500   Welding hours 4,900            $36.84

Inspecting                 222,000   Number of

                                                        inspections      815          $272.39

Rework                       60,700    Rework orders    230           $263.91

Sub-Total               $463,200  

Support Purchasing 135,500    Purch. orders       525          $258.10

Providing space         31,550    No. of units        4,800              $6.57

Providing utilities        60,110    No. of units        4,800            $12.52

Sub-Total              $ 227,160  

Total overhead  $1,678,960

Additional production information concerning its two product lines follows.  

                               Model 145   Model 212    Total

Units produced             1,600          3,200        4,800

Welding hours             2,000          2,900        4,900

Batches                           405             405           810

Number of inspections  485             330            815

Machine hours            2,280          5,400        7,680

Setups                              40               40              80

Rework orders               130              100            230

Purchase orders           350              175            525

b) Calculation of Plantwide overhead rate based on machine hours:

Total overhead costs/machine hours = $1,678,960/7,680

= $218.6146 per machine hour

c) Activity Based Costing system is a system that accumulates and allocates production or service costs based on the activities undertaken for the production or service.  The activities are regarded as the cost drivers and therefore better bases for accumulating and allocating costs.

3 0
4 years ago
Suppose that in a monopoly market the total cost per week of producing a high tech product is given by C(x) =3600+100x+2x^2.
vazorg [7]

Answer:

10 units;

50 units.

Explanation:

The revenue function is given by the price function multiplied by the number of units sold (x).

R(x) = x*p(x)=500x-2x^2

The break even point occurs when Revenue equals costs:

C(x) =R(x)\\3600+100x+2x^2=500x-2x^2\\4x^2-400x+3600 = 0\\x^2-100x+900=0\\x=\frac{100\pm \sqrt{100^2-(4*900)}}{2}\\x_1=10\\x_2=90

Therefore, the smallest number of units required for the company to break even is 10 units.

Maximum profit will be achieved at that number of units for which the derivate of the profit function is zero:

P(x)=R(x) - C(x) \\P(x)=3600+100x+2x^2-(500x-2x^2)\\\frac{dP(x)}{dx}=0=8x-400\\x=50

The number of units that will give maximum profit is 50.

3 0
3 years ago
What is the primary characteristic that differentials a zero based budget from a conventional budget. A. A zero based budget doe
Oksana_A [137]

Answer:

B. The zero based budget requires managers to re-justify every planned expenditure every year.

Explanation:

A zero based budget is one that does not take into account historical data when it is considering the present year budget. Each departmental requirement is re-evaluated and a new amount is assigned as budget for the year.

However conventional budgets carryover the previous year's expenses as a base data point. This results in similar budgeting across years.

So the main difference between the two is that zero based budget requires managers to re-justify every planned expenditure every year.

8 0
3 years ago
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