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3 years ago

2. Which of the following statements about money are correct?

Business

2 answers:

anyanavicka [17]3 years ago

8 0

Answer:

A.(1) and (2) only

Explanation:

<h3>Which of the following statements about money are correct?</h3>

(1) With the use of money, double coincidence of wants is not necessary in an exchange.

(2) With the use of money, the cost of looking for trading partners can be lowered.

Wittaler [7]3 years ago

6 0

Answer:

The statements that are correct about money are

(1) With the use of money, double coincidence of wants is not necessary in an exchange.

(2) With the use of money, the cost of looking for trading partners can be lowered.

Option: (A)

Explanation:

The concept of using money having a predefined value emerged from the idea of how convenient it would be to have a common commodity of exchange that could be used in exchange for anything and everything offered for sale. After the barter system eventually came to an end, the process of determining monetary values of commodities of day to day use began and inveterated gradually. As the prevalence of the use of common money grew, the necessity of double coincidence of wants ended soon. People who wanted to exchange wheat for maize no longer had to wait to come across someone who wanted to exchange maize for wheat.

With the introduction of money and an increase in its use, the time and efforts required to find a partner to trade with decreased dramatically. This made transactions more convenient and affordable and more people began to involve themselves in trading activities. The use of money not only dispensed ease of doing business but also helped in establishing faith and reliability among trading partners.

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When the _____ value of debt is the same as its face value, it is said to be selling at _____ value.

Allushta [10]

Answer:

When the market value of debt is the same as its face value, it is said to be selling at par value.

Explanation:

Face value and par value is same. When market price of the bond is same as the face value of the bond it is said that this debt is trading on its par value. Par or face value is the value on which bond is initially issued and the value mentioned on the face of the bond. So, When the market value of debt is the same as its face value, it is said to be selling at par value.

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4 years ago

(CO 9) The Wiscow Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,74

ioda

Answer:

2.86 Q + 2,170 = overhead cost

Explanation:

$\left[\begin{array}{ccc}High&4,200&14,182\\Low&2,300&8,748\\Diference&1,900&5,434\\\end{array}\right]$

We subtract one activity level from another, the result is telling us that 1,900 units generate 5,434 additional cost

That is variable cost we divide and get the unit variable cost

cost 5434 / Unis 1900 = variable cost 2.86

Next we calcualte the fixed cost on any of both

Total Cost 14182

Variable -12012 (4,200 x 2.86)

Fixed Cost 2170

Total Cost 8748

Variable 6578 ( 2,300 x 2.86)

Fixed Cost 2170

the cost equation would be:

2.86 Q + 2,170 = overhead cost

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3 years ago

Guaranteed Appliance Co. produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period we

Aleks [24]

Answer:

$180,000.

Explanation:

The Guaranteed direct labor cost to be recognized by the company is the cost of labour incurred directly in the course of production.

From the cost group given, the cost of plant supervisor, corporate executives, and security guards are all indirect cost.

The only direct cost for this company is the assembly-line workers cost at $180,000.

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3 years ago

You are a research analyst in charge of publishing research reports for your company, C-Minus Investment Banking and Research. Y

VashaNatasha [74]

Answer:

[C] Go on with the scheduled issue date as planned, issuing the objective report as is even though this may negatively affect business between the two companies.

Explanation:

Although the communication between the two organizations might have a detrimental impact on business, it really is your duty to release the report as it is.

It is unethical to prolong the problem for convenience or as a favor to the executives of the other organization as the study shifts to downplay negativity.

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4 years ago

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Nimfa-mama [501]

Answer:

the right to be informed. the right to be safe. the right to choose. the right to be heard. avenues for redress ofconsumer grievances (e.g., state and federal agencies, consumer protection laws, private groups such as Common Cause, Better Business Bureau).

Explanation:

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3 years ago