Answer:
Consumer Financial Protection Bureau
Answer: B. Metes and Bounds System
Explanation: The metes and bounds system is an old system of land surveying practiced many centuries ago whereby land boundaries are determined using features such as flowers, trees, river, roads, pole etc. It was a system used before the advent of modern surveying instruments.
•Metes refers to determining boundary by measuring straight run between two points.
•Bounds is the use of features such as rocks, water course, etc to define boundary, this is used for large portion of property such as political boundaries between two towns.
Answer:
The answer is 3.94x. There is no choice given is the correct choice.
Explanation:
We have Inventory turnover time = Cost of goods sold / Inventory balance. Thus, we need to find Cost of good sold and inventory balance as below:
Inventory balance = Current asset - cash balance - account receivable balance = 55,000 - 24,750 - 13,750 = $16,500.
Cost of goods sold = Annual sales x % of cost of goods sold over sales = 100,000 x 65% = $65,000.
Inventory turnover time = Cost of goods sold / Inventory = 65,000 / 16,500 = 3.94x
The answer is 3.94x. Thus, there is no correct answer in the multiple choice given out.
Answer:
c. investment expenditures
Explanation:
The reason for this is that during business cycles investors gain trust in the economy during a boom and invest a lot and during a recession they lose trust in the economy and decrease their investment by a lot, where as a lot of consumption like food, medicine, petrol etc remains mostly unaffected by changes in business cycle. Also government spending does not fluctuate a lot during the course of a business cycle because government spending is either long term like development projects.