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Vsevolod [243]
3 years ago
10

Voluntary exchange refers to an act of trading between individuals that makes both parties to the trade subjectively better off.

Business
1 answer:
Bond [772]3 years ago
6 0
The answer would be A. True
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Voluntary exchanges happen when both parties expect to
zimovet [89]
Voluntary exchanges happen when both parties expect to receive a gift that is better than the gift they already gave to somebody.


If your in K12, the answer is gain.


5 0
3 years ago
Bell Co. changed from a traditional manufacturing philosophy to a just-in-time philosophy. What are the expected effects of this
kotykmax [81]

Answer:

C. Increase, Decrease

Explanation:

Inventory turnover is increased because there are very low or almost nill Closing inventorya as we divide the cost of goods sold with a lower number. Inventory as a percentage to total asset will be decrease because there will be a lower value ofinventory in the balance sheet. Comparing it with total value of asset tells us the percentage of total asset.

7 0
3 years ago
Bond Features Maturity (years) 5 Face Value = $1,000Coupon Rate = 5.00%Coupon dates (Annual) Market interest rate today 5.00%Tim
german

Answer:

it should call back the bonds as it will save $8.25

Explanation:

Bond Price can be calculated using PV function. After 3 years,

N = 2, PMT = 5% x 1000 = 50, FV = 1000, I/Y = 2%

=> Compute PV = $1,058.25

Without the call option, the bond would be worth $1,058.25. But the firm can buy those bonds at $1,050.

Hence, it should call back the bonds as it will save $8.25

5 0
3 years ago
Julie Convenience Store sold merchandise for cash to a customer, and recorded a debit to Cash for $371, which included a 6% Sale
nlexa [21]

Answer:

C) credit Sales Tax Payable for $21

Explanation:

Based on the information given In the same transaction, they must also CREDIT SALES TAX PAYABLE FOR $21 Calculated as:

First step is to calculate the sales tax element

Sales tax element = $371*6/106

Sales tax element= $21

Now let calculate what the Price exclusive of sales tax would be

Price exclusive of sales tax=$371-$21

Price exclusive of sales tax= $350

The correct journal entry should be:

Dr Cash $371

Cr Sales revenue $350

($371-$21)

Cr Sales tax payable $21

3 0
3 years ago
At Cost At Retail Inventory, February 1, 2020 $89,550 $99,500 Markdowns 35,000 Markups 63,500 Markdown cancellations 20,500 Mark
Taya2010 [7]

Answer:

$73570

Explanation:

See attached file

8 0
3 years ago
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