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Illusion [34]
3 years ago
5

Explain why it is not necessary for paper money to be backed by some commodity (eg gold) before it can have value?

Business
1 answer:
Hoochie [10]3 years ago
7 0

Explanation:

Paper money also called fiat currency is usually not backed up with a physical commodity because it is regulated by the central bank.

It effect the Government creates money supply just by signing out the directives through liquidation. The government thus maintains the value by making it the <em>standard for debt repayment</em>.

For example, the US dollars which is a paper or fiat currency would have no value if was not made a means of payment the Government.

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Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,0
bagirrra123 [75]

Answer:

$11,000 cost, five-year life, and $1,000 salvage value

Explanation:

given data

cost = $11,000

residual value = $1,000

estimated to be good = 5,000 hour

solution

as per the straight-line method

formula to compute the depreciation expense that is express as

depreciation expense = (Purchase value of generator - residual value) ÷ (estimated useful life)   .......................1

and

here by considering here these three item

and other information that is not relevant that ignore

depreciation expense = ($11,000 - $1,000) ÷  5 years = 2000

so $11,000 cost, five-year life, and $1,000 salvage value

3 0
3 years ago
The Jewel Golf Club Company, which recently began using a kanban system, has had problems with high inventory levels of one of t
AfilCa [17]

Answer:

d. six or seven

Explanation:

Given that:

Daily demand for the grip = 3000 units

average waiting time = 0.20 day

processing time =  0.10 day / container

a container holds  = 150 grips

percentage of policy used = 10% = 0.10

The  objective of this question is to determine the amount of Kanban containers would Jewel require.

the amount of Kanban containers  = Demand ( wasting time + processing time)(1+percentage policy)/ amount of container holding

the amount of Kanban containers  = 3000( 0.2 + 0.1) ( 1+ 0.10)/ 150

the amount of Kanban containers  =  3000 ( 0.30) (1.10)/150

the amount of Kanban containers  =  990/150

the amount of Kanban containers  = 6.6

SO we can infer that the amount of Kanban containers would Jewel require if a 10% policy variable is used falls within the range of  six or seven.

8 0
3 years ago
Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $287,000, has an estimated useful life of 8 years and an es
aliina [53]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Purchasing cost= $287,000

Useful life= 8 years

Estimated residual value= $37,400

To calculate the annual depreciation under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (287,000 - 37,400) / 8

Annual depreciation= $31,200

<u>Depreciation remains constant during the useful life of the asset.</u>

We can calculate exactly the annual depreciation for the first year.

Year 1= (31,200/365)*360= $30,772.60

4 0
3 years ago
Dựa vào lịch sử phát triển của quản trị nguồn nhân lực, dự đoán xu hướng trong tương lai của ngành quản trị nguồn nhân lực .
dalvyx [7]
Tshbjy uts the hbd cuyjhxbjxb jgdhyeiye. Dkhdudb
Dijduyejbduydudhndbiy idyjnei 35 if
4 0
3 years ago
An operator wants to determine the standard deviation for a machine she operates. To do this, she wants to create a p-chart. Ove
kondaur [170]

Answer:

The answer is letter A.

Explanation:

Less than or equal to 0.1

Because:

Average proportion (P-bar)= 0.024

Observations (n)= 75

sd =√(P-bar)(1-(P-bar)/n

sd =√(0.024)(1-0.024)/75

sd= √(0.024)(0.976)/75

sd= √(0.023424)/75

sd= 0.01767

sd ≤ 0.1

8 0
3 years ago
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