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sweet [91]
3 years ago
12

What does the European Central Bank (ECB) and the Eurogroup manage in economic/monetary terms?

Business
1 answer:
oksian1 [2.3K]3 years ago
5 0

Financial and economic stability is controlled and enforced by the European Central Bank (ECB).

<u>Explanation: </u>

The main goal is to control markets and to promote economic growth as well as the development of jobs.

Specifies the inflation it loans to the Euro-zone financial institutions, thus regulating money supply and prices.

  • Managed financial assets of the euro and the sales and acquisition of assets to align market prices.
  • Secure the European financial framework and maintain its sustainability.
  • Controlling market trends and assessing controlling inflation threats.
  • Authorizes Euro coin manufacturing by Euro area countries.
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Assume the company is considering a reduction in the selling price by $10 per unit and an increase in advertising budget by $5,0
koban [17]

Answer:

Explanation:

New selling price = $110 - $10

                             = $100

New sales level = 1,000 units x 150%

                          = 1,500 units  

Net operating income = 1,500 units × Selling price of $100 per unit - 1,500 units × variable expense of $60 per unit - $30,000 + $5,000

                                    = $25,000

Therefore, the net operating income after the changes is $25,000.

7 0
3 years ago
When a company shifts from a traditional cost system in which manufacturing overhead is applied based on direct labor-hours to a
Dimas [21]

Answer:

True

Explanation:

An activity based costing (ABC) system assigns resources to the different production activities, and then unit costs are determined by the proportion of the production activities that every unit requires.

This is a much more complex costing method than just assigning overhead costs based on direct labor hours or machine hours.

6 0
3 years ago
The zero-based budget is the best method of budgeting because:
Troyanec [42]

Answer:

The zero-based budget ensures that every dollar you make is assigned a specific purpose

Explanation:

Zero-based budge: It is also known as "zero-sum budget".

It refers to the process of creating a budget from nothing without using the previous year’s budget. It enables a firm allocate all its resources to expenses and debt payment.

Zero based budget ensures that every income made is allocated to a particular purpose without a remainder. The major goal of zero based budget is to ensure that revenue (income) less expenditure (spendings) is equal to zero.

That is, in zero based budgeting,

Income - expenditure= zero (0).

In other words,

income= expenses

5 0
3 years ago
Read 2 more answers
1. What is the London Underground?
beks73 [17]
1. London UnderGround is a public rapid transit<span> system that connects various cities in England.
London Underground is the first underground railway that ever created in the world and predicted to carry approximately more than 1.3 Billion Passengeeach year.

2. The original problem was that there's too much traffic on the street of London during that time., which reduce people's overall productivity because they have to spend a large amount of their time stuck on the road. Even until this day, this problem is not 100% resolved.

3. The major difference would be the transportation vehicle and the number of lines.
Initially, London underground was a pedestrian tunnel with only one line. In current time, London underground is a train transportation system with 13 lines that connect various cities.

4. Cross rail is the latest line that created in London Underground, which opened up a new route Between </span><span> Maidenhead and Heathrow.
</span><span>This line is about 118 Kilometers in length and is planned to be ready to use by December 9th 2018

5. TBM stands for </span>tunnel boring machines<span> .
</span>tunnel boring machines  are the equipment that is used to excavate tunnels through soil and rocks. Compared to other method, tunnel boring machines provide less disturbance,  smoother tunnel wall, and less chance to destroy the foundation on the upper ground.
<span>
6. Eye of the needle refers to the </span><span> very crowded space that the Tunnel Boring much get through in order to create the Tunnel.
</span><span>This particular region tend to be realy hard to handle because small mistakes could make the tunnel walls to crumble and cause many harms to the workers underneath it.

7.  I  believe the biggest challenge would be grathering necessary budget.
the investment in creating underground tunnel, commonly only produce return of investmant in around 10-15 Years.
So, finding the orgaizations who are willing to take this risk is extremely difficult.

8. They allocate the engineers to both the bottom and upper ground at the same time.
The botto team is responsible in creating the tunnel, the upper team is responsible in identifying several characteristics such as Crack on the ground or hollow space.</span>
3 0
3 years ago
Orange Corporation is developing standards for its products. Product A requires a material that is purchased for $80.00 per poun
Yuri [45]

Answer:

(A) The standard price per pound of this material is $87.11

(B) The standard pounds of this material per unit of product A is 1.01 pounds

Explanation:

According to the given data, in order to calculate the standard price per pound of this material, we would have to use the following formula:

Standard Price per pound of this material=Purchase Price Per Pound  + Shipping Cost per pound +Receiving Cost

                                                                   =$80.00+$6.66+$0.45

                                                                  =$87.11

In order to calculate the standard pounds of this material per unit of product A, we would have to use the following formula:

Standard pounds of this material per unit of Product A=Pounds of material required by Product A +Allowance for waste and spoilage

                                                                                          =0.96+0.05

                                                                                          =1.01 pounds

                               

7 0
3 years ago
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