The answer to this question is "loan out".
A goldsmith could hold some gold in reserve for depositor's withdrawals, but "LOAN OUT" excess gold and thereby make a profit from the depositor's funds. This loan out is also refer to the long term financing.
Answer: True
Explanation:
A master budget refers to the lower-level budgets that is within an organization, and the financial plan, the cash flow forecasts, and the budgeted financial statements.
The master budget consists of three main components which are the operating budget, financial budget and the capital expenditures budget.
Therefore, the statement is true.
If terrorism ended and the world’s nations unilaterally disarmed and adopted free trade policies, Bond prices would drop rapidly which means there would be no more wars. Bond prices would fall straight down at high speed. If there were no more wars, the Government wouldn't need to buy weapons, then it wouldn't need to sell bonds to raise the money to pay for them. Thus, the value of bonds would diminish.
Answer:
<u>The correct answer is</u>: a) the pizza and the wings are substitutes.
Explanation:
Analyzing the scenario of the question above, in the case of Peter's pizzeria, which sells pizza and wings and wants to increase the sale of pizzas by adopting a strategy of increasing the price of wings, in this case, he is assuming that pizza and wings are substitutes .
Substitute goods are those that can be consumed in substitution for another good, even if they are in different categories, as long as they perform the same function, but in a different way.
Answer:
The product is composed of mass produced homogenous units.
Explanation:
Process costing is utilized when there is a large production of products that have similar features. In process costing the cost of each product produces is equivalent to the cost of other products. Example of products that undergo process costing include:chemicals, processed foods, textiles, paper, oil refinery, soap.
In process costing, the finished product gotten from each stage becomes the raw material of the next stage till the last stage of completion.
The production of product in process costing is continuous and the final product derived from the production process is as a result of a sequence of processes.
