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3 years ago

In order to be successful, money in a fiduciary monetary system must have

1 answer:

3 0

The answer is fiduciary monetary systems. Cash gets its incentive from the certainty that general society has in its agreeableness. A case of such fiscal framework is the United States financial framework. On the off chance that you at any point saw the words in any dollar charge which says "In God We Trust" was first utilized as a part of 1957. Prior to that date, dollar bank notes were indicating "Silver Certificate".

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Sales revenue$ 4,000Purchases of direct materials$ 400Direct labor$ 450Manufacturing overhead$ 620Operating expenses$ 650Beginni

dlinn [17]

Answer:

The correct answer is D: $1900

Explanation:

Giving the following information:

Sales revenue$ 4,000

Purchases of direct materials$ 400

Direct labor$ 450

Manufacturing overhead $ 620

Operating expenses$ 650

Beginning raw materials inventory$ 200

Ending raw materials inventory$ 180

Beginning work in process inventory$ 320

Ending work in process inventory$ 410

Beginning finished goods inventory$ 250

Ending finished goods inventory$ 200

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning work in process + direct materials + direct labor + manufacturing overhead - ending work in process

Direct materials= beginning inventory + purchase - ending inventory= 200 + 400 - 180= 420

cost of goods manufactured= 320 + 420 + 450 + 620 - 410= $1400

Now, we can calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished goods

COGS= 250 + 1400 - 200= 1450

Operating income= sales - COGS - operating expenses

Operating income= 4000 - 1450 - 650= $1900

3 0

3 years ago

Because farm products have a low elasticity of demand a small change in output will have

GaryK [48]

<span>Because farm products have a low elasticity of demand a small change in output will have a similar effect on the price. Since the low elasticity of demand directly relates to </span>pricing, when the smaller change in output happens, a smaller drop in profits does as well. The price of the item will decrease to compensate for less products selling.

7 0

3 years ago

Jones and smith share the same cuvical in the officce. Jones loves to listen to music on his speakers while working. Smith is no

Talja [164]

Answer:

A. that my answers

Explanation:

Jones and smith share the same cuvical in the officce. Jones loves to listen to music on his speakers while working. Smith is not able to concentrate on his work in the presence of music. Jones recieves benefits worth $200 regardless of whether he listen to music on his speakers or headphones. The cost of headphones is $50. SMith is not abke to conecentrate on his work and suffers damages worth $350 when Jones listens to music without his headphones. Smith does not suffer any damages when Jones listens to music on his headphones.

Suppose the office does not have any rules against listening to music on speakers while working. In thisâ case, if Jones and Smith do notâ communicate, the market outcome is that:

a. Jones continues to listen to music on his speakers; therefore, Smith is not able to concentrate on his work

b. Jones continues to listen to music on his speakers; however, Smith is able to concentrate on his work

c. Jones starts listening to music on headphones; therefore, Smith is able to concentrate on his work

d. Jones stops listening to music on his speakers; therefore, Smith is able to concentrate on his work

4 0

3 years ago

Read 2 more answers

The _____ principle holds that when industrial activity poses a risk, even if the threat is as yet poorly understood, prudence c

Nikitich [7]

<span>It is a precautionary principle when industrial activity poses a risk, even if the threat is as yet poorly understood, prudence calls for restraint. set of methods and procedures for aligning corporate strategies, policies, and operations with principles that protect ecosystems. </span>

4 0

3 years ago

Anyone who knows how to properly label a supply and demand graph please help! Draw a supply and demand graph for the given scena

goldfiish [28.3K]

The factor that would shift demand is the reduction in the price of laptops.

The equilibrium price and quantity would decrease.

<h3>What is the result of the policy?</h3>

When the price of laptops are reduced, the quantity demand for laptops would increase while the demand for computers would fall. This is because computers and laptops are substitute goods.

As a result of a fall in the demand for computers, the demand curve would shift to the left. Equilibrium price and quantity would fall.

Please find attached the required diagram. To learn more about the demand curve, please check: brainly.com/question/25140811

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3 0

2 years ago

In order to be​ successful, money in a fiduciary monetary system must have

In order to be successful, money in a fiduciary monetary system must have