Answer:
Key Points
Explanation:
The government may artificially increase prices through purchasing a portion of the consumer surplus or artificially increase quantity through offering subsidies to producers. This allows the government control over the established equilibrium in agriculture.
Answer:
$93,840
Explanation:
Calculation to determine how much is the total budgeted variable selling and administrative expenses for October
October Total budgeted variable selling and administrative expenses=
(0.6 + 1.2 + 0.3 + 0.35) x 7200 +6000 + 39,000 + 7,200 + 24,000
October Total budgeted variable selling and administrative expenses=2.45x 7200 +6000 + 39,000 + 7,200 + 24,000
October Total budgeted variable selling and administrative expenses=$17,640+6000 + 39,000 + 7,200 + 24,000
October Total budgeted variable selling and administrative expenses=$93,840
Therefore the total budgeted variable selling and administrative expenses for October is $93,840
Helping their employees develop their own decision-making approach.
The two trees are time-driven decisions and development-driven decisions. Sometimes managers just have to take the lead and make a decision quickly and effectively, but in other situations they can take more time and focus on training and developing their employees into effective decision makers.
Answer: $3500
Explanation:
Preferred stock:
Number of shares = 1000
Par value = $50
4.5% cumulative
Common stock:
Number of shares = 10000
Par value = $10
Total first-year cash dividend paid = $1000
The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:
Preferred Stock dividend = 1000 × 0.045 × 50 = $2250
Unpaid dividend from year 1 = $2250 - $1000 = $1250
Year 2 dividend = $2250
Total dividend due in year 2 = $(1250 + 2250) = $3500
Answer:
(B) It adds to your purchasing power.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
The sentence which best describes how money functions as a "store of value" is that, it adds to your purchasing power.
Hence, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.