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2 years ago

15

There is no nation involved in global trade that still maintains a fixed value of their currency relative to a key currency or g

old
a. true
b. false

1 answer:

kirza4 [7]2 years ago

6 0

Answer:

a. true

Explanation:

Gold is a currency that is the free market system that will fluctuate tp the form of exchange and no country in international trade can maintain a fixed value of its currency relative to the key currency though they can trade gold in multiple ways and can participate in price movements.

You might be interested in

An increase in price causes an increase in total revenue when demand is

nadezda [96]

Answer:

elasticity of demand will be inelastic

Explanation:

Here in the question it is provided in the statement that with an increase in price there is an increase in total revenue

Therefore,

change in price and change in revenue will be positive

Mathematically,

$\frac{dR}{dP}$ > 0

Now,

When,

$\frac{dR}{dP}$ > 0

then,

the elasticity of demand will be Ed will be < 1

which means the elasticity of demand will be inelastic

7 0

2 years ago

Tradable permits are likely to result in less inefficiency, relative to a pollution tax, when ... a. the marginal costs of damag

Andrej [43]

Answer:

a. the marginal costs of damages are steep and the marginal costs of pollution reduction are relatively stable.

Explanation:

Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.

Offset trading refers to a type of trading system that is typically designed for the realization of more efficient pollution control.

This ultimately implies that, an offset trading is a strategic program that allows emerging business firms to pay existing business firms in order to significantly reduce their emissions or pollutants below a specific standard.

Free market in tradable pollution permits simply means giving manufacturing companies and individuals the legal right to pollution of the environment. For example, XYZ company is purchasing the permit of 500 units of carbon dioxide (CO2) pollution annually, this simply means it is permitted to pollute the environment by 500 units of CO2 annually.

Additionally, a free market in tradable pollution permits has some sort of benefits as companies can resell their unused permits or devise a cheaper means of reducing pollution. It also compensate companies that significantly reduces its pollution of the environment.

A pollution tax can be defined as a type of tax imposed on business firms that causes pollution and damages to the environment. It is also referred to as Pigovian tax which is a tax on goods with negative externality.

Hence, tradable permits when compared with pollution tax are likely to result in less inefficiency, when the marginal costs of damages are steep and the marginal costs of pollution reduction are relatively stable.

3 0

2 years ago

A 12-month insurance policy was purchased on Dec. 1 for $3,600 and the Prepaid insurance account was increased for the payment.

miss Akunina [59]

Answer:

The correct answer is C

Explanation:

The insurance policy was purchased on Dec 1 worth $3,600, so on Dec 31, the entry to be recorded is as follows:

Insurance expense A/c............................Dr $300

Prepaid insurance A/c.........................Cr $300

When the asset is charged on to the expense account then the expense account of the insurance is debited against the account of the prepaid insurance.

Working Note:

Amount = Insurance amount / Number of months

= $3,600 / 12

=$300

5 0

2 years ago

Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,053,000 shares of $10 par common

DedPeter [7]

Answer:

1. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 2,654,300 shares.

2. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2014 is 4,256,300 shares

3. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 8,512,600 shares

4. The weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 is 9,580,600 shares.

Explanation:

1. To calculate the weighted-average number of common shares used in computing earnings per common share for 2013 on the 2014 comparative income statement we would have to ake the following calculation:

Jan1.2013-Sep30.2013(2,413,000*9/12)=1,809,750

retroactive adjustment for stock dividend ×1.10

Jan1.2013-Sep30.2013 adjusted= 1,990,725

Oct.2013-Dec31.2013(2,654,300*3/12)= 663,575

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 2,654,300 shares.

2. To calculate the weighted-average number of common shares used in computing earnings per common share for 2014 on the 2014 comparative income statement we would have to make the following calculation:

Jan1.2014 -Mar31.2014(2654300*3/12) 663575

April1.2014 -Dec31.2014 (4790300*9/12) 3592725

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2014 is 4,256,300 shares

3. To calculate the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 comparative income statement we would have to make the following calculation:

2014 weighted average no of shares 4256300

Retroactive adjustment for stock split ×2 =8512600

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 8,512,600 shares

4. To calculate the weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 comparative income statement we would have to make the following calculation:

Jan1.2015-Mar31.2015 (4790300*3/12)=1197575

Retroactive adjustment for stock split ×2

Jan1-Mar31.2015 adjusted. 2395150

Mar1.-Dec31.2015 (9580600*9/12)= 7185450

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 is 9,580,600 shares.

8 0

2 years ago

The ease with which the customer can place and receive their order as well as other aspects of value that the sales staff provid

Anna71 [15]

Answer:

customer experience.

Explanation:

The ease with which the customer can place and receive their order as well as other aspects of value that the sales staff provides is customer experience.

Customer experience is the total of all experiences a customer has with the business, based on all interactions and thoughts about the business.

Customer experience can also be said to be the result of every interaction a customer has with an organization's business, from navigating the website to talking to customer service and receiving the product/service they bought from the organization.

8 0

3 years ago