<span>What condition is necessary for a fiat money system to work? The government must control the money supply. Fiat money is not physical money like bills or coins, fiat money solely exists because if supply and demand of a good or service. This is a currency that the government has declared legal but it is not backed by any physical commodity. Due to that, the government has to be in control of the money supply for the fiat system to work. </span>
Answer:
P V = 1669,5
Explanation:
After seven years, future payment will be 9800$ and from there on we will have 23 annual payments more:
P V = 9800/(1+0.08)^23 = 9800/5,87 = 1669,5
Answer:
c. Neglecting the Other Side’s Problems.
Explanation:
To be an effective negotiator one must understand what his interest is and what he can compromise and the limits to what can be given to the other party (that is no-deal options).
It is even more important to understand the other parties problem. This can be used to guage their interest and how it can be met.
Not considering the counterparty problem is a mistake the negotiating team have made. If the other partie's problem is not understood then there won't be an effective way of negotiating.
Answer:
All of them
Explanation:
When making decisions, a business should evaluate:
- Legal implications of each decision
: do our decisions comply with all applicable laws and regulation?
- Public relations impact
: how will the public feel about our decision?
- Safety risks for consumers and employees: does it affect the safety and well being of our employees and customers?
- Financial implications: does our decision benefit our business?
Answer:
False.
Explanation:
There is no specific rule for managerial accounting like GAAP. GAAP is the accounting principles set for financial accounting and not managerial accounting. The main and primary purpose of managerial accounting is to help the managers of an organization to analyze the exact cost that is incurred in the production of sale-able goods and services. This accounting is done completely as per the convenience and discretion of the managers of a company and not by any specified rules and norms.