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3 years ago

What is money – and where do the different types of money derive their value?

1 answer:

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The value of the money was not too long ago based on a country's own amount of gold. The value of money has not been based on anything since 1971. In fact, money is now founded on the abstract concept of confidence. Money's value is not more linked with the amount of gold held, but rather to how much trust in the economy of a particular country exists, and its debt (bond) markets are a proxy indicator of a country's level of trust. The less faith in an economy, the greater the return on risk will be required by market forces. The less trust there is, the less demand is for the bonds of a country. As the bond price falls, the bond's return increases. In comparison with the risk of making the loan, a trade takes place when the yield corresponds with the level of return investors willing. The 2009 Greek debt crisis is a simplistic example. With the Greek government's trust level falling, Greece's 10-year bonds ' yield started to increase from 5 to 30 percent when Greece defaulted on its debts.

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Use the following information. Pay employee salaries of $590 by issuing checks. Purchase computer equipment of $990 using a cred

9966 [12]

Answer:

1. Dr Salaries expense 590

Cr Bank 590

2. No journal entry is required

3. Dr Vehicle maintenance 390

Cr Bank 390

Explanation:

1. Entry will be created because salaries are of companies employees.

2. In event 2 there is not mentioned of any company equipment purchase and mostly payment is done through checks in company not through credit cards.

3. This event is solely business event because it is clearly stated of company vehicle.

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3 years ago

The Scooter Store notified its employees at 5pm on Friday that it is laying off two-thirds of its workforce as of today and told

S_A_V [24]

Answer:

A. The Worker Adjustment and Retraining Notification Act

Explanation:

As the Scooter Store notified its employees at 5pm on Friday that it is laying off two-thirds of its workforce as of today and told them not to come in on Monday. It failed to provided advance notice to anyone and in doing so likely violated the Worker Adjustment and Retraining Notification Act 1988 where workers are required to be provide with the 60 day notification in advance if the organization does not want their services any more. But here in this case the Scooter Store has totally violation this act by not providing them with the advance notice.

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4 years ago

A company budgeted sales of its single product to be 60,000 units in April, 75,000 units in May, and 70,000 units in June. The c

ExtremeBDS [4]

Explanation:

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3 years ago

"Uber’s first challenge is managing for competitive advantage. What function of management is most closely related to setting go

mihalych1998 [28]

Answer: Planning function of management

Explanation: Planning function of management is concerned with setting the objectives of future performance and to evaluate the need of resources required to achieve those objectives.

In the given case, uber wants to manage their competitive advantage. Therefore the management should plan their policies in such away that company can maintain their traits that are giving them advantage in market over others.

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3 years ago

Hackett, Inc. had property tax payable of $940,000 and $100,000 at the end of 2018 and 2019 respectively. During 2019, Hackett r

Pavlova-9 [17]

Answer:

The cash outflow against property tax is $ 1,630,000

Explanation:

The cash outflow against property tax payment in 2019 can be calculated as a balancing figure as follows:

Opening Property tax payable Jan 2019 $ 940,000 (a)

add: New tax charged during 2019 $ 790,000 (b)

less: Tax paid during 2019 (Balancing figure) $ 1,630,000 (d)

Closing balance Dec 2019 $ 100,000 (c)

Formula: a+b-c =d

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4 years ago