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2 years ago

Which of the following is an example of a financial market?

Business

1 answer:

ale4655 [162]2 years ago

7 0

Answer:

A. A local coffeehouse where people regularly buy and sell financial instruments.

Explanation:

A local coffeehouse where people regularly buy and sell financial instruments is an example of a financial market because by definition a financial market is a place where people buy and sell financial securities and derivatives at minimal transaction costs.

Although in the scenario above it is strange that the location is a coffee shop, however, what is actually essential is the fact that the activities that defines a financial market is taking place therein.

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Gibson company began august with 200 units of product br having a unit cost of $8 in inventory. relevant information is listed a

In-s [12.5K]

ANSWER: To calculate the gross profit for the month of August, Gibson will have to find out the sales in his company. Gibson had a opening stock of 200 units of products valuing $8 per unit. The total value of the stock available at the opening of the month is $8 x 200 units = $1,600. If he uses the average cost method to calculate the inventory cost, he will need the opening stock and the production done in the month of August. This will give him the figure which will show his entire stock which were available for sale in the month.

Let's assume the entire stock produced in the month of August to be 'x', so the total stock available for sale was '$1,600+x'. This amount needs to be subtracted by the closing stock of the month to get the actual value of sales that has happened during the month of August. So, dividing the actual value of sales by the production cost of the sold number of units will give Gibson the gross profit for the month of August.

7 0

3 years ago

Rockville Enterprises manufactures woodworking equipment and is incorporated and based in Evansville, Indiana. All of itsreal pr

mario62 [17]

Answer:

In the modern situation of Rockville Enterprises, it is producing wood functioning tools and situated in Evansville, following are the description whether Rockville Enterprise is a defensive commotion in non-ordinary conditions or not.

A) - Yes. All form of marketing is deliberated as secure action. As these marketing is revealed in all country.

B) - No. Inspection credit value of consumers is not secure action underneath the public regulation 86-272

C) - Yes. Sustaining a stand at a business exhibition in Arizona for 14 days is measured as secure action under the public regulation 86-272

D) - Yes. Inspection record is secure action underneath the public regulation 86-272

E) - No. Organizing administration meeting is not a secure action. Conversely. Organizing individual meeting is measured as secure action.

3 0

3 years ago

Proprietary and fiduciary funds follow account and reporting principles similar to those of ______ organizations.

suter [353]

City of New York

Hope this helps (:

8 0

2 years ago

Ray Bond sells handcrafted yard decorations at county fairs. The variable cost to make these is $20 each, and he sells them for

Rama09 [41]

Answer:

5 units

Explanation:

Breakeven point is the point or number of units sold that makes the cost equal with the revenue generated. In other words, it is the point in which the profit or loss made by an entity is 0.

Given;

Variable cost per unit = $20

Selling price per unit = $50

Fixed cost = cost of rent = $150

Let the number of units to be sold be c

Total revenue = 50c

total cost = 20c + 150

To break even, total revenue = total cost

20c + 150 = 50c

50c - 20c = 150

30c = 150

c = 5

Ray must sell 5 units to break even.

5 0

2 years ago

Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. Thecompany's selling and administrative expens

MrRissso [65]

Answer:

Contribution margin= $960,000

Explanation:

Giving the following information:

Hinge Manufacturing's:

Cost of goods sold variable= $420,000

Cost of goods sold fixed= $240,000

The company's selling and administrative expenses are $300,000

variable and $360,000fixed.

If the company's sales are $1,680,000

Sales= 1680000

Variable cost of goods sold= 420000

Variable selling and administrative expenses=300000

Contribution margin= $960,000

8 0

3 years ago