Answer:
Option D.
Explanation:
Fiat money refers to currency that is issued by the government and which is not backed by any physical commodity, such as gold or silver, but rather by the government that issued it.
The value of fiat money is gotten from the relationship that exists between supply and demand and the stability of the issuing government. The value is not based on the worth of a commodity backing it as is the case for commodity money.
Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies. One risk that fiat money faces is the printing of too many of a particular currency, which can contribute to hyperinflation.
Answer:
The correct answer is (D) D. depend on the highest degree earned
Explanation:
Wages of employees are determined by seeing their highest degree and their experience. The most important factor nowadays, which can impact the earnings of workers is the highest degree earned. PhD employees earn more compared to the employees who have a master’s degree, and employees with a master’s degree earn more compared to employees with 16 years of education.
Answer: The decision will directly impact many agencies, individuals, or community members.
Explanation: Because the leader has enough expertise to make a good decision.
Answer:
loss on fire and storms 710,000
insurance expense zero as the firm didn't acquire any
Explanation:
Notice it state <u><em>"if the company were to obtain insurance"</em></u> Which means it currently has none insurance.
If the firm had an insurance the amount of losses would be deducted from the insurance policy but there is none so we disclosure the entire loss as a result of the period.
Hence, we should recognize the entire loss on fire and storm damage of 710,000 during the year and no insurance expense.
