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3 years ago

Match the items with the appropriate definitions. Items which are not definitions will be used.

Business

1 answer:

MrRissso [65]3 years ago

3 0

Answer:

Double coincidence of wants - a situation where two individuals each want some good or service that the other can provide

Double coincidence of wants occurs when in a transaction between two or more individuals, each want to obtain the good or service that the other is offering.

Barter - trading one good for another without the use of money

In barter, people trade a good or service for another good or service, without the use of money as medium of exchange. An example of barter is trading a cow for a sheep.

Money - whatever serves society in three functions: medium of exchange, store of value, and unit of account

Money is any good that serves the three purposes of money, store of value to serve as a medium to save or to accumulate wealth, medium of exchange to trade goods and services, and unit of account to measure the value of goods and services under a common guide.

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Fixed cost per unit is inversely proportional to the volume of units produced.

Levart [38]

True. Fixed cost per unit is inversely proportional to the volume of units produced.

Fixed costs per unit are inversely proportional to the volume produced because depending on the amount of units made, the amount spent on fixed costs is then based. Because they are related to one another, this statement is true.

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4 years ago

Hi-Tek plans to pay a $6 per share dividend one year from today, and will increase the dividend by 4 percent per year forever. W

Lunna [17]

Answer:

The current share price if the required return on this stock is 16 percent is $50.

Explanation:

price = dividend next year /(required rate of return - growth rate)

= 6/(16% - 4%)

= 50

Therefore, The current share price if the required return on this stock is 16 percent is $50.

5 0

4 years ago

Sergio gets a haircut from Amelia and writes a check to pay for it. In this transaction, the drawee is: a. the bank on which the

Verizon [17]

Answer: the bank on which the check is drawn because it must pay the check. (A)

Explanation:

A Drawee is a banking and legal term that is used to describe the party which has been directed by the depositor to pay a certain amount of money to the person who is presenting the draft or check or draft.

A typical example is if when someone is cashing a paycheck. The drawer is the bank that cashes the person's check, the drawer is the employer or person who wrote the check, and the person cashing the check is the payee.

7 0

3 years ago

Express Meals is a local bistro that has budgeted inventory purchases as follows: September: $ 300,000 October: $ 350,000 Novemb

ziro4ka [17]

Answer:

Express Meals

The budgeted accounts payable balance on November 30 is:

= $347,000.

Explanation:

a) Data and Calculations:

Budgeted inventory purchases:

September: $ 300,000

October: $ 350,000

November: $ 390,000

Payment to suppliers:

Month of purchase = 20%

Month following purchase = 70%

Two months after purchase = 10%

September October November Total

Purchase $300,000 $350,000 $390,000 $1,040,000

Payments:

Month of purchase (20%) 60,000 70,000 78,000 $208,000

Month following purchase (70%) 210,000 245,000 $455,000

Two months after purchase (10%) 30,000 $30,000

Total payments 60,000 280,000 353,000 $693,000

Outstanding balance ($1,040,000 - $693,000) = $347,000

6 0

3 years ago

Ethics is defined as A) formal codes that permit or forbid certain behaviors. B) a general rule of conduct of personal behavior,

mixer [17]

Answer:

Ethics is defined as moral principles that governa person's behaviour or the conducting of an activity

6 0

3 years ago