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Eddi Din [679]
3 years ago
8

Technology has proliferated in Kenya and Somaliland, with text messages used to replace cash, creating mobile money use that, on

a population percentage basis, exceeds any nation in the West.
True or False
Business
1 answer:
Tasya [4]3 years ago
7 0

Answer: True

Explanation:

Something that has caught the attention of many has been how electronic money has been used in countries like Kenya and Somalia. A study has confirmed that the use of mobile money has reduced poverty in places like Kenya. Mobile money is defined as money where people can make financial transactions through their phones.

This type of activity has greatly influenced poverty reduction and the high rates that occurred when people had to send money over certain distances. In countries like Somalia, there are no longer any traces of physical money, everything is virtual. In this way, the country has achieved economic stability for years. People increasingly consume through their mobile phones, making in an easier way all kind of payments.

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Dixie is a product of the Digby company. Digby's sales forecast for Dixie is 506 units. Digby wants to have an extra 10% of unit
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556.6 or 557 units

Explanation:

Given that,

Digby's sales forecast for Dixie = 506 units

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Therefore, the Dixie's will produce 557 units in order to have a 10% reserve of units available for sale.

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3 years ago
NCH Corporation, which markets cleaning chemicals, insecticides and other products, paid dividends of $2.00 per share in 1993 on
sashaice [31]

Answer:

The reutrn on equity should be of 9.53%

Explanation:

We can solve the return on equity by considering the gordon model of dividend growth:

\frac{divends_1}{return_{equity}-growth} = Intrinsic \: Value

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next year dividends: current x (1 + g) = 2 x (1 + 0.06) = 2.12

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3 years ago
Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory on accou
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$(4,000)

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