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3 years ago

When the receipts given by goldsmiths to depositors were used to make purchases, _________

Business

1 answer:

Sholpan [36]3 years ago

3 0

Answer:

The correct answer is option d.

Explanation:

Money can be defined as something which is accepted as a medium of exchange in the economic transactions involving the exchange of goods and services.

When the receipts given by the Goldsmiths were used to make purchases, they served the medium of exchange function of money.

So these receipts in effect became paper money.

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otato Company began the period with an accounts receivable balance of $2,693 and a balance in the allowance for doubtful account

Sphinxa [80]

Answer:

Potato Company

Balance in Allowance for Doubtful Accounts is $575 (Credit).

Explanation:

We can use a T-account for the Allowance for Doubtful Accounts to determine the balance:

Allowance for Doubtful Accounts

a. Accounts Receivable $668 Beginning Balance $494

Ending Balance $575 b. Bad Debt Expense $749

$1,243 $1,243

Ending Balance $575

The allowance for doubtful accounts is a contra account to the Accounts Receivable account. Its purpose to provide some estimation of the uncollectibles as a way of managing the credit risk involved in trade sales.

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2 years ago

Operations management personnel perform a variety of functions, including all of the following except ___________________. A. an

CaHeK987 [17]

Answer:

The correct answer is letter "A": analyzing potential mergers.

Explanation:

Operations managers are those in charge of planning, studying, and analyzing all the steps regarding the processes of production of a company. They supervise if the companies have enough raw materials for manufacturing, organize the labor responsible for the production, and evaluate any problem born because of the operational activities of the business.

Analyzing potential mergers is an event likely to be evaluated by the Chief Executive Officer (CEO) of a firm along with the Board of Directors.

6 0

2 years ago

Perez Company acquires an ore mine at a cost of $1,400,000. It incurs additional costs of $400,000 to access the mine, which is

Amiraneli [1.4K]

Answer:

total cost of mine = $1,400,000 + $400,000 = $1,800,000

estimed number of tons of ore = 1,000,000

residual value of land at the end of the mine = $200,000

depletion expenses per ton of ore = ($1,800,000 - $200,000)/1,000,000

= $1,600,000/1,000,000

= $1.6/ton

total depletion expenses for the first year = Ddepletion expenses per ton x number of ton of ore produced

= $1.6 x 180,000

= $288,000

Explanation:

3 0

2 years ago

For example, an increase in the money supply, a variable, will cause the price level, a variable, to increase but will have no l

Inga [223]

Answer:

nominal, real, & the classical dichotomy

Explanation:

A nominal variable is a value whose values are non-numeric for example gender. It is calculated based on the current – year prices.

In other words, nominal value is calculated in monetary terms, whereas real value is measured on the basis of goods or services

A real variable is a variable whose values are numeric. It is measured based on the currency of the base year.

The distinction between real variables and nominal variables is known as nominal, real, & the classical dichotomy.

The Classical Dichotomy is based on the assumption that states that in the long run, the nominal economy and the real economy are completely separated from each other. In the long run, nominal prices have no impacts on real variables.

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2 years ago

Universal Containers has a block priced product, Cloud Contacts, and wants to apply a 10% premium to the product when the paymen

Eduardwww [97]

Answer:

d. SBQQ__RegularPrice__c = SBQQ__ListPrice__C * 1.1

a. SBQQ__CustomerPrice__c = SBQQ__RegularPrice__c * (1 - SBQQ__ Discount_c)

c. SBQQ__PartnerPrice__c = CustomerPrice__c * (1 - SBQQ__ PartnerDiscount_c)

b. SBQQ__NetPrice__c = SBQQ__PartnerPrice__c * (1 - SBQQ__ DistributorDiscount_c)

Explanation:

For 10% premium to be applied on a block price product, an action in a correct order should be taken. The order is as follows;

d. SBQQ__RegularPrice__c = SBQQ__ListPrice__C * 1.1

a. SBQQ__CustomerPrice__c = SBQQ__RegularPrice__c * (1 - SBQQ__ Discount_c)

c. SBQQ__PartnerPrice__c = CustomerPrice__c * (1 - SBQQ__ PartnerDiscount_c)

b. SBQQ__NetPrice__c = SBQQ__PartnerPrice__c * (1 - SBQQ__ DistributorDiscount_c)

5 0

2 years ago