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sertanlavr [38]
3 years ago
8

Accounting is referred to as the language of business because it is the method of communicating business information to decision

makers.
True / False.
Business
1 answer:
NeX [460]3 years ago
4 0

Answer:

True

Explanation:

True . Accounting is often called the language of business; it is the language that managers use to communicate the firm's financial and economic information to external parties such as shareholders and creditors. accounting  is defined as the process of identifying, measuring and communicating economic information to permit informed judgement and decisions by users of the information. In other words, it is the process of communicating financial information about a business entity to stakeholders and managers. Economic information is generally displayed in the form of financial statements that show the economic resources that a business currently has; the goal of the business is to determine which information is useful to the outside world.

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refers to a system under which a country's currency is nominally allowed to float freely against other currencies, but in which
Temka [501]

Answer:

A Dirty Float

Explanation:

A dirty float or managed float, refers to a floating exchange rate system operated by a country's central bank where there are occasional interventions in the foreign excange markets to influence the demand and supply with the intention of curbing perceived volatilities in the currency.

As stated in the question, the intervention of the Central Bank will usually occur when it believes that the currency has deviated too far from its fair value.

The dirty float system is a buffer against external economic influences that may want to disrupt the foreign exchange market in a country.

Actually, from 1946-1971, many industrialized nations around the world operated the fixed exchange rate system or the Bretton Woods agreement but this changed August 15, 1971, when President Richard Nixon decided to exit the United States from this system and till date most nations that intend to protect their domestic markets and industries against external foreign influences have adopted the dirty float exchange system.

8 0
3 years ago
A firm in a perfectly competitive market has a fixed cost of $1,000 and a variable cost of $500 while it is earning the revenue
grin007 [14]

Answer:

Firm should not shut down, as it is able to cover its Average Variable Cost

Explanation:

Perfect Competition firms in Short Run : The firms produce even if their average revenue (price) < their average total costs (AC). They continue production until Average variable cost (AVC) ≥ per unit price (P) i.e average revenue (AR). This is called Shut Down Point. P lower beyond AVC implies that firm won't continue even in short run.

Given : Variable Cost (VC) = 500 ; Revenue (R) = 510

Average Variable Costs & Average Revenue are variable costs & revenue, per unit quantity. AVC = VC / Q ; AR (P) = R / Q

R i.e 510 > VC i.e 500

So, R/ Q i.e AR is also > VC / Q i.e AVC

Since AVC > AR (P), firm should not shut down

8 0
3 years ago
Transactional leaders do not ________.
kykrilka [37]

Option C, Transactional leaders do not focus on worker input regarding assigned goals.

<u>Explanation: </u>

Transactional leadership is an essential component of the Full Range Leadership model and a leadership style focussed on oversight, organization, and performance.

A number of senior military personnel, CEOs of large global companies and NFL trainers are regarded as transactional leaders. Transactional management also works efficiently in police agencies and first responders.  

Transactional leaders use rewards and penalties to get their followers to respect them. Furthermore, transaction leaders don't care in relation to transition management for the welfare of workers they are foreign motivators that give the followers’ minimal adherence.

Examples of few transactional leaders: Vince Lombardi, Bill Gates and Howard Schultz.

6 0
3 years ago
A corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash $ 40,000 Current liabilit
Lady_Fox [76]

Answer:

0.37

Explanation:

The formula to compute the debt ratio is shown below:

= Total liabilities ÷ Total assets

where,

Total liabilities would be

= Current liabilities + Long term liabilities

= $75,000 + $35,000

= $110,000

And, the total assets would be

= $300,00

Now put these values to the above formula  

So, the ratio would equal to

= $110,000 ÷ $300,000

= 0.37

4 0
3 years ago
The structural engineering design section within the engineering department of a regional electrical utility corporation has dev
Vinil7 [7]

Answer:

102.99 hours needed

Explanation:

Zu = K (U^n)

Zu= estimation of tower which is for 8

U= number of tower which is 8

n= log0.94/log2

Zu= 124(8^{log0.94/log2} )= 102.99hours

6 0
3 years ago
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