Answer:
Please see answer in the explanation below
Explanation:
Commodity money can be defined as money that its value comes from the commodity with which it was made. That is, commodity money is money that is gotten as a result of the material from which the money was made. Examples of these materials are silver, gold, etc. These materials have intrinsic value on their own as the materials have a worth of their own before being used to make currency.
Fiat money on the other hand is defined as money that is declared as the legal tender by the government. That means that fiat money is the money that is acceptable as a medium of exchange for goods and services as issued by the government. Fiat money does not have intrinsic value.
Cheers.
Answer:
a) T
b) T
c) T
d) T
Explanation:
All the statements are true. So, all the mentioned scenarios made the fraud difficult to detect.
Answer:
The interviewer should structure the interview in a way that helps him find out:
- Whether the applicants hold parallel job positions in China, and if they do, whether those parallel positions conflict with corporate standards, and general federal law.
- Whether the applicants understand the basics of US ethical standards (and J.P. Morgan standards), and US law so that they have a general and reasonable idea of what actions are forbbiden under American codes.
- Whether the applicants itend to engage in financial transactions with Chinese officials, and whether the money that would be used would come from J.P. Morgan or not.
- This might sound overboard, but as the applicants come from a country that is known to engage in spying, intellectual property stealing, and general involvement with internal issues in other countries, the interviewer should try to ask probing questions to find out if the applicants are some sort of spies or not.
Answer:
The correct answer is:
True
Explanation:
The business cycle is a model that let see how the GDP of a country changes through time. Business cycle is classified in four different stages peak, trough, contraction, and expansion. These kind of fluctuations normally occur in the trade, production and all the economic activity of a country. The business cycle refers to the changes or fluctuations that can be experienced in the economic model measured by the GDP (Gross Domestic Product) and it is reflected in the increases or decreases in economy.
Answer:
The cost allocated to the building is $ 62,068.97
Explanation:
The total appraised cost for the components of the property purchased=$72,000+$50,000+$23,000=$ 145,000.00
The cost allocated to the building in the accounting records is the cost of the property multiplied by the building appraised value of $72,000 while dividing by the total of the appraised value of $145,000
cost allocated to building=$125,000*$72,000/$145,000=$ 62,068.97
