Answer:
A Eurocurrency is any currency that is banked outside of its country of origin.
Answer:
B. It allows people to buy, sell, and trade goods efficiently.
Explanation:
Medium of exchange refers to an intermediary instrument used to facilitate trade or the transfer of goods and services between parties. An item must be acceptable by the parties involved in the transaction to be used as a medium of exchange. It should represent a fair standard of value.
Money is the most widely used and accepted medium of exchange. It facilitates an easy and quick transfer of goods and services between buyers and sellers. Without money, the selling of goods and services would be conducted on barter trade. Money as a medium of exchange facilitates smooth transactions in business.
The promotional tool that stimulates consumer purchasing interest with the help of using short-term activities such as displays and trade shows is<u> sales promotion</u> programs.
<h3>What do you mean by sales promotion?</h3>
Sales promotion applications are designed to complement private selling, advertising, public relations, and different promotional efforts. Sales promotions can take vicinity within and outside of the company.
Therefore, The promotional tool that stimulates consumer purchasing interest with the help of using short-term activities such as displays and trade shows is<u> sales promotion</u> programs.
Learn more about <u>sales promotion:</u>
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Answer:
1. Companies using FIFO will report the highest gross profit and net income.
2. Companies using FIFO will report the smallest cost of goods sold.
3. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.
4. Companies using FIFO will pay higher taxes than companies using LIFO, assuming all else being equal.
Explanation:
If costs are rising, companies using FIFO will report higher profits simply because they calculate cost of goods sold based on the oldest products which were purchased at a lower cost.
FIFO and LIFO costs will be the extreme points, FIFO showing lowest costs while LIFO will result in the highest costs, while the weighted average will be in between.
Since companies using FIFO report higher profits, they will have to pay more taxes.
Answer:
amount earned in hour(s) = e × h
He need to work 25 hours to be able to afford the video game system.
Explanation:
Mark earns $8.25 per hour at his summer job. He want to buy a video game system that costs $206.25. An equation to model the relationship between the number of hours worked and amount earned can be represented below;
Number of hour worked = h
amount earned = e
amount earned in hour(s) = e × h
The number of hours marked need to work in order to afford a video game system is represented as
amount earned in hour(s) = $206.25
e = $8.25
amount earned in hour(s) = e × h
206.25 = 8.25h
divide both sides by 8.25
206.25/8.25 = h
h = 206.25/8.25
h = 25 hours