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gayaneshka [121]
3 years ago
14

The u.s. dollar is defined as: commodity money, because it is widely used to buy commodities. fiat money, because it was establi

shed as money by an act of law. faith money, because we trust the government to defend its value. commodity-backed money, because it is convertible to gold.
Business
1 answer:
nadya68 [22]3 years ago
5 0
The answer to this would be the second option. I can say that the US dollar falls under the category of FIAT MONEY. Fiat money is any money that is accepted as a form of payment wherein its value depends upon the demand and supply of the market, and not with its material. Hope this answer helps.
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Retained earnings $52,000 Accounts Payable $15,000 Supplies 37,000 Common stock 25,000 Equipment 72,000 Note payable (due in 18
Naddika [18.5K]

Answer:

$22,000

Explanation:

Current liabilities are debts that a company must pay within a twelve month period.

This company's current liabilities are:

  • Accounts payable  $15,000
  • Interest payable  $7,000

Total current liabilities = $15,000 + $7,000 = $22,000

Since the note payable is due in 18 months, it is not considered a current liability.  

8 0
3 years ago
Jamie’s Bakery, a small chain of eight bakeries in Altamonte Springs, Florida has recorded sales growth of 30 percent or more pe
pantera1 [17]
<h3>Answer:</h3>

Gazelle

<h3>Explanation:</h3>
  • Jamie's Bakery has recorded a growth of 30% and above from 2010 to 2017 with revenues of $229,000.
  • This makes Jamie's bakery a gazelle company or business due to the growth of 30% in sales per year for a period of more than four years since it was started in 2010.
  • Gazelle ventures or business are fast growing and expands at a high rate and thus important to an economy.
6 0
3 years ago
In constructing a common-size income statement, depreciation will be______. A. omitted since it is a noncash expense. B. express
Naddika [18.5K]

Answer:

B. expressed as a percentage of sales.

Explanation:

The common size income statement is the income statement where n each line the item on the income statement should be expressed as a percentage of sales

In the given options, the option B is correct as it shows that the depreciation would be expressed in sales percentage

Therefore all other options are wrong

3 0
3 years ago
You need to decide whether to fight a small fire using a portable fire extinguisher.
julsineya [31]

Answer:

If you encounter a fire, a portable fire extinguisher can help protect you and possibly stop the fire in its tracks. This article covers how portable fire extinguishers work and how to use them.

Secure Your Exit

The first and most important purpose of a portable fire extinguisher is to help people escape. Portable fire extinguishers can clear fire away from your escape route or help keep an exit open for others. You should know where extinguishers are located and how to operate them. This helps ensure safe evacuations.

Fight the Fire

The second purpose of a portable fire extinguisher is to fully extinguish fires. This requires training. Portable fire extinguishers cannot extinguish large fires. Many employers do not want their employees fighting fires no matter the size. If this is the case, the extinguishers in your workplace may only be for protecting escape routes. If your employer wants you to fight small fires, they will train you.

Types of Fire Extinguishers

Fire extinguishers are rated to fight different classes of fire. Most extinguishers are rated to fight A, B and C fires, but not all. Make sure the fire extinguisher you use will work on the fire you’re facing. The wrong extinguisher could make things worse.

8 0
3 years ago
Read 2 more answers
The next 5 questions use the same below information. Company C had the following investment. Help them determine the financial s
valentinak56 [21]

Answer:

$143,600

Explanation:

Calculation for What is net income for 20X1 assuming the investment is short-term

Using this formula

Net income for 20X1 = Sales – Expenses + Unrealized gain on short-term investments

Let plug in the formula

Net income for 20X1 = $1,670,200 - $1,536,600 + $10,000

Net income for 20X1= $143,600

Therefore the net income for 20X1 assuming the investment is short-term will be $143,600

7 0
3 years ago
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