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yKpoI14uk [10]
3 years ago
15

If the number of dollars needed to buy a representative basket of goods falls, the price level

Business
1 answer:
AlexFokin [52]3 years ago
4 0

Answer:

The correct answer is letter "C": decreases, so the value of money rises.

Explanation:

A basket of goods is mainly used to evaluate changes in urban consumer habits. Food, housing, healthcare, education, and recreation expenses are included in a basket of goods. It is usually studied with the Consumer Price Index (<em>CPI</em>) and is also a tool useful to find out the levels of inflation within a specific market.

In the case less number of dollars are needed to purchase a "regular" basket of goods, it implies the average price level has decreased, thus, the money value has increased.

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The adjusted trial balance shows A. amounts that may be out of balance. B. revenues and expenses only. C. account balances after
Zina [86]

Answer: c. Account balances after adjustments

Explanation: An adjusted trial balance contains all the ending balances in all accounts after adjusting entries (journal entries recorded at the end of an accounting period to alter the ending balances in various general ledger accounts) have been prepared. The purpose of adding these entries is to correct errors in the first draft of the trial balance and to bring the entity's financial statements into compliance with an accounting framework. Such accounting framework may be Generally Accepted Accounting Principles (GAPS) or International Financial Reporting standards (IFRS)

4 0
4 years ago
A bond has a par value of $1,000, a current yield of 7.25 percent, and semiannual coupon payments. The bond is quoted at 97.66.
zubka84 [21]

Answer:

7.08%

Explanation:

Face Value = $1,000

Current Price = 1000 x 97.66% = 976.6

Current yield = 7.25%

We can find the coupon rate by a simple formula

Coupon Rate = (Interest / Face value) x 100

We need to find interest first in order to find coupon rate

YTM = Interest / Current price

7.25% x 976.6 = Interest

70.7035 = Interest

Coupon Rate = (70.8035 / 1000) x 100

Coupon Rate = 7.08%

8 0
3 years ago
Bella Vista Clothing targets teenage girls with a range of affordable ready-to-wear clothing. The company is opening two new out
galben [10]

Answer:

the correct answer is

A) The company's in-house designers have a knack for identifying and popularizing fashion trends.

good luck

5 0
3 years ago
An investor asks a registered representative to underline the most important facts found in a preliminary prospectus. The regist
olasank [31]

Answer: The correct answer is "a. May not do this since it violates federal securities laws".

Explanation: The registered representative: May not do this since it violates federal securities laws.

As much as the registered representative has the approval of a company director or FINRA, he cannot underline the most important facts found in a preliminary prospectus because he would go against federal securities laws.

5 0
4 years ago
The UCC rule that says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a sep
makvit [3.9K]

The UCC rule says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or if no time is stated, for a reasonable time is referred to as the <u>Firm Offer Rule.</u>

<u></u>

<h3><u>A Firm Offer: What Is It?</u></h3>

When goods are sold, a firm offer is deemed to have been made when a guarantee to keep the offer open has been signed and the selling merchant meets the requirements for a merchant under the Uniform Commercial Code. Customers frequently ask for a definite offer so they can be certain of their cost over a predetermined period of time. A lot of retailers also request definite offers from their suppliers. Firm offers have a number of benefits, but there is a chance that things could change and the original offer would no longer be appropriate.

For instance, you might not be able to maintain the price you initially proposed due to rising raw material costs or running out of stock.

Only the time period specified in the offer is valid for firm offers. If the offer does not include a deadline, it will be valid for a maximum of three months.

Learn more about the firm offer rule with the help of the given link:

brainly.com/question/13640672?referrer=searchResults

#SPJ4

3 0
2 years ago
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