Answer:
The answer is:
1. Commodity
2. Fiat
Explanation:
We have two questions here.
First, the answer is commodity money. Commodity money is the type of money whose value are tied to the commodity it is made up of. This is used as a medium of exchange when the value of money falls totally (during inflation or hyperinflation.) Examples of commodity money can be gold, cocoa,copper etc.
Second question. The answer is fiat money. Fiat money is the currency issued by the national government of a country through The Fed(in US) or Central banks (in most countries).
The fiat money in US is the US dollar, for Nigeria is Nigerian naira etc. It is a legal tender in those countries.
The accounting profit of Jarod based on the information regarding rent, wages, etc given will be $55000.
It should be noted they the formula for calculating accounting profit will be:
= Total revenue - Explicit cost
Total revenue will be:
= $65 × 4000
= $260,000
Explicit cost is the direct cost that a business spends. This will be:
= $60000 + $120000 + $25000
= $205,000
Therefore, the accounting profit will be:
= $260000 - $205000
= $55,000
The accounting profit is $55000.
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Answer:
The answer is "
It is exceptionally high and the product of an extraordinary event".
Explanation:
The Market value or the price is bouging to its result of many an unusual occurrence of certain request or supply shock or the price values the commodity is unexpectedly inaccessible. Its price increases to is the highly inefficient and sometimes unethical amount by its supplier, that's why its price will be increased.
Answer:
The correct answer is C: More firms could enter the industry
Explanation:
Fat's Meats control the Kielbasa industry and hence they would feel they are stable. A decrease in the demand would not bring instability as they would still be in control. Increase in cost will also not cause instability because they would increase their price and since they control the industry, customers will have no choice than to buy. The existence of non-price competition would have made them unstable, but since there is no non-price competition. However the entrance of more firms into the industry would definitely destabilize Fat's Meat because an organization can come with more influence, money, and better product and become the leader in the industry.
Firm’s market to book value ratio can be calculated by dividing the market value of the firm’s equity by the book value of the fir’s equity.
Market value of the firm’s equity = market value of current assets + market value of book value – market value of firm’s debt
= $10 million + $90 million – 50 million
= $50 million
Book value of firm’s equity = Book value of current assets + book value of fixed assets – book value of liabilities
= $10 million + $60 million – 40 million
= $30 million
Market to book value ratio = $50 million/ 30 million
= 1.67 times