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3 years ago

How is time like money? I have to write 3 paragraphs over how time is like money.

1 answer:

8 0

When you think of time, you may look at your clock to see what time it is. Say the clock reads 12:25 am, and you're feeling hungry. You happen to have $11.25 in your wallet. This makes you think of the relationship between the money and time

How could money relate to time? Well, time only goes through a sixty minutes an hour. But, while the time goes, you can think, "it's a quarter past 12." This would represent 12:25 p.m.

A quarter is money, and it was a quarter past 12. That is one way you could relate time to money. You could say, 11:25, 10:25, 9:25, and it could still mean a quarter past 11, 10, 9. "Quarter doesn't have the same meaning for both different terms, but we use the same vocabulary for both!

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How does a weak currency give a country an unfair advantage in trade?.

harina [27]

Answer:

From the countries point of view with the weaker currency, their goods are relatively cheaper to other countries, and other countries goods are relatively more expensive to this country (Say Country A) as they have a weaker currency.

From the point of view of Country B, with a stable currency, Country A's goods are relatively cheaper because they have a weaker currency.

Due to this scenarios, Country B will export less to Country A than import because Country B will be buying more of Country A's product as it is relatively cheaper. It will export less to Country A because Country B's products are relatively more expensive to Country A due to their weak currency.

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2 years ago

The set of skills and knowledge needed to make informed decision about money matters is called

emmasim [6.3K]

Financial literacy
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3 years ago

Read 2 more answers

Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. (Note

Butoxors [25]

Answer:

cash 116,300 debit

sales revenues 116,300 credit

-- to record sales in cash --

Cost of Goods Sold 72,000 debit

Inventory 72,000 credit

-- COGS for the previous sales--

account receivable 755,000 debit

sales revenues 755,000 credit

-- to record sales in cash --

Cost of Goods Sold 400,000 debit

Inventory 400,000 credit

-- COGS for the previous sales--

account receivable 1,950,000 debit

sales revenues 1,950,000 credit

-- to record sales in cash --

Cost of Goods Sold 1,250,000 debit

Inventory 1,250,000 credit

-- COGS for the previous sales--

account receivable 330,000 debit

sales revenues 330,000 credit

-- to record sales in cash --

Cost of Goods Sold 230,000 debit

Inventory 230,000 credit

-- COGS for the previous sales--

Credit card expense 81,500 debit

Cash 81,500 credit

--to record payment of fees to credit car--

Explanation:

We will recognize the sales revenue for the sales when they occur.

If was on cash we use cash else, account receivable

Then, we will decrease our inventory by the cost of the goods sold and declare this expense.

Finally, the fees will be considered an expense relatesd to the use of credit card.

3 0

3 years ago

The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Accounts Debit Credit Cash $ 14,000 A

Cerrena [4.2K]

Answer:

With the retained earning of the Income Statement $ 120,700, complete the accounting equation in the Retained Earning section.

2021 Balance Sheet

$14,000 Cash

$168,000 Accounts Receivable

$7,000 Prepaid Rent

$33,000 Supplies

$222,000 TOTAL CURRENT ASSETS

$340,000 Equipment

-$133,000 Accum Depreciation

$207,000 TOTAL NONCURRENT ASSETS

$429,000 TOTAL ASSETS

$11,000 Accounts Payable

$1,900 Interest Payable

$3,000 Salaries Payable

$15,900 TOTAL CURRENT LIABILITIES

$20,000 Note Payable

$20,000 TOTAL NONCURRENT LIABILITIES

$35,900 TOTAL LIABILITIES

$190,000 Common Stock

$203,100 Retained Earnings

$393,100 TOTAL EQUITY

$429,000 TOTAL EQUITY + LIABILITIES

Explanation:

Account of Current Assets , the criteria is to have a liquidity speed less of one year

Cash

Accounts Receivable

Prepaid Rent

Supplies

Account of Non Current Assets , the criteria is to have a liquidity speed more than one year and are known as fixed assets

Equipment

Accum Depreciation

Account of Current Liabilities , the criteria is to have a liquidity speed less of one year

Accounts Payable

Interest Payable

Salaries Payable

Account of Non Current Liabilities, the criteria is to have a liquidity speed more than one year and are known as long term financing

Note Payable

Account of Total Equity

Common Stock

Retained Earnings

Income Statement 2021

Sales $490,000

Depreciation -$35,000

Salaries Expenses -$187,000

Advertising Expenses -$70,000

Rent Expenses -$12,000

Utilities Expenses -$35,000

Net Income Before Taxes and Int $151,000

Interest Expenses -$2,300

Net Income Before Taxes $148,700

Dividends -$28,000

Retained Earnings $120,700

4 0

2 years ago

"The "circuit breaker" on the domestic equities markets to reduce price volatility is INITIATED when the Standard and Poor's 500

kirill115 [55]

Answer:

Explanation:

In Microeconomics, circuit breaker can be defined as a financial regulatory measure or instrument used by stock exchange organizations to temporarily halt trading on an exchange and to prevent stock market crash. The circuit breaker is also referred to as trading curb and it is used to curb panic selling in the stock markets, which eventually prevents collosal losses and speculative profits in a very short period of time.

The "circuit breaker" on the domestic equities markets to reduce price volatility is INITIATED when the Standard and Poor's 500 Index falls by 7%. The circuit breaker rule states that, if the Standard and Poor's 500 Index falls by 7% from the closing price of the previous day: the listed equity on the domestic equities markets will be shut down for 15 minutes, so as to mitigate price volatility. The 7% is the level one (1) of the circuit breaker levels for the the Standard and Poor's 500 Index (S&P 500 Index) on the stock markets.

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2 years ago