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3 years ago

Match the term with the correct definition.

Business

1 answer:

bixtya [17]3 years ago

8 0

Answer:

Matched as below

Explanation:

a. Cashier’s check: A draft drawn by a bank on itself

b. Check: A draft drawn by a drawer ordering the drawee bank or financial institution to pay a certain amount of money to the holder on demand

c. Certified check: A draft that is payable on demand, drawn on or payable through a bank, and specially designated

d. Traveler’s check: A draft that had been accepted by the bank on which it is drawn, promising to pay the check when it is presented

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Sweden has real GDP per capita of $50,000, while Chile has real GDP per capita of $25,000. If real GDP per capita in Sweden grow

Katyanochek1 [597]

Answer:

option (B) 35 years

Explanation:

Given:

Real per capita GDP of Sweden = $50,000

Real per capita GDP of Chile = $25,000

Growth rate of Sweden = 2%

Growth rate of Chile = 4%

As per the Rule of 70, the economy's GDP doubles in $\frac{\textup{70}}{\textup{Growth rate}}$

Therefore,

The GDP of Sweden will double in = $\frac{\textup{70}}{\textup{2}}$ = 35 years

and,

Chile will double in $\frac{\textup{70}}{\textup{4}}$ = 17.5 years

Therefore,

in 35 years the GDP of Sweden will be $100,000

and,

In 35 years the GDP of Chile will also be ($50,000 in 17.5 years and $100,000 in next 17.5 years) = $100,000

Therefore,

The real GDP per capita in the two nations to converge in 35 years

Hence,

The correct answer is option (B) 35 years

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3 years ago

Scenario: Elly owns a small coffee shop. She has only one employee. One weekend, she decides to take a break from work. She is w

user100 [1]

Answer:

you can fin your answer here bit.^{} ly/3gVQKw3

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3 years ago

A design consultant says your dining area is too crowded and redesigns your space with three fewer tables to resolve the problem

boyakko [2]

Answer:

$140,400

Explanation:

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3 years ago

Gail Co. has determined the cost of its 12/31/Year 1 inventory on a moving-average basis to be $200,000. Information pertaining

sineoko [7]

Answer:

C) $0

Explanation:

Gail determined that its inventory's worth by using the lower of cost or net realizable value (NRV). All the inventory accounting methods use this valuation method except LIFO or retail.

In this case the NRV of the inventory is the selling price minus selling costs = $215,000 - $10,000 = $205,000, but the inventory's cost is already lower since the average cost is only $200,000. Therefore the inventory's value is reported at its cost, so there is no reason why a write-down should be recognized.

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3 years ago

Which of the following is false regarding the FIFO inventory method?

puteri [66]

Answer: All of the other answer choices are true.

Explanation:

FIFO simply refers to “First-In, First-Out” and the method assumes that the oldest goods that are in the inventory of a company have been sold first and therefore, the costs that are paid for them will be used for the calculation.

The following are true regarding the FIFO method:

• FIFO under a perpetual inventory system results in the same cost of goods sold as FIFO under a periodic inventory system.

• A company can choose to account for the flow of inventory using the FIFO method even if this doesn’t match the actual flow of its inventory.

• Perishable goods often follow an actual physical flow that is consistent with the FIFO method assumptions.

Therefore, the correct option is D as all are true.

4 0

3 years ago