All categories

3 years ago

Trading one good or service for a good or service of equal value is called

Business

2 answers:

nexus9112 [7]3 years ago

7 0

It would be bartering because it's an even exchange.

zimovet [89]3 years ago

5 0

Hey there! Great question:) The answer is bartering, because that simply means trading. They are both synonyms!

You might be interested in

Suppose that, in a competitive market without government regulations, the equilibrium price of milk is $2.50 per gallon. Complet

Darina [25.2K]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Price ceiling:-This is show the limit of the price on maximizing value of the product which is decided by government and his imposed group for customer.

Binding:-The binding price ceiling is below the equilibrium price.

Unbinding:-The unbinding price ceiling is above equilibrium price.

Price floor:-This is show the limit of the price on lower value of the product which is decided by government and his imposed group for customer. A price floor must be higher than the price equilibrium price in order to be effective.

Binding:-The binding price floor is above the equilibrium price.

Unbinding:-The unbinding price floor is below the equilibrium price.

It is given that the equilibrium price of milk is $2.50 per gallon.

Statement 1:-This is the example of price floor and binding because minimum price of $2.30 per gallon is decided.

Statement 2:-This is the example of price floor and binding because minimum price of $3.40 per gallon is decided for gasoline.

Statement 3:-This is the example of price floor and binding because teenagers are not hired due to minimum-wage laws.

7 0

3 years ago

The University could continue to use the present bus for the next seven years. Whether the present bus is used or a new bus is p

Nonamiya [84]

Answer:

If the present bus is repaired, the present value of the annual cash operating costs associated with this alternative is calculated as follows;

7 0

2 years ago

Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers. The manu

Dovator [93]

Answer:

Crain Company's total taxes would decrease by $64,740

Explanation:

the income statement for the parent company:

total revenue $2,490,000

- COGS ($1,490,000)

- S&A costs ($390,000)

EBIT $610,000

- taxes ($201,300)

net income $408,700

the income statement for the subsidiary:

total revenue $3,490,000

- COGS ($2,490,000)

- S&A costs ($199,000)

EBIT $801,000

- taxes ($368,460)

net income $432,540

total taxes paid = $201,300 + $368,460 = $569,760

if the parent company increases the selling price by 20%

the income statement for the parent company:

total revenue $2,988,000

- COGS ($1,490,000)

- S&A costs ($390,000)

EBIT $1,108,000

- taxes ($365,640)

net income $742,360

the income statement for the subsidiary:

total revenue $3,490,000

- COGS ($2,988,000)

- S&A costs ($199,000)

EBIT $303,000

- taxes ($139,380)

net income $163,620

total taxes paid = $365,640 + $139,380 = $505,020

the parent company's total taxes would decrease by = $569,760 - 505,020 = $64,740

5 0

3 years ago

Two college students went to Guadalajara, Mexico, on their spring breaks. One took the vacation in 2002, while the other went in

ad-work [718]

Answer:

1. 2006 Student

2. 4400 pesos left

Explanation:

If each student had $500 to spend and In 2002, the exchange rate of MXN/USD (Mexican pesos to U.S. dollars) was 9 and In 2006, the exchange rate was 11.

If the hotel room in Guadalajara cost 200 pesos per night in 2002 and 220 pesos in 2006 and each student spent five nights in a hotel, which student had more pesos left over:

Student A - 2002

Spent 5 nights x 200 pesos = 1000 pesos

Total pesos = $500 x 9 = 4500 pesos

Pesos left = 4500 - 1000 = 3500 pesos

Student B - 2006

Spent 5 nights x 220 pesos = 1100 pesos

Total pesos = $500 x 11 = 5500 pesos

Pesos left = 5500 - 1100 = 4400 pesos

5 0

2 years ago

The fact that companies can now organize and analyze vast amounts of data on individuals to determine individual behavior profil

viktelen [127]

The fact that companies can now organize and analyze vast amounts of data on individuals to determine individual behavior profiles is due mostly to advances in data analysis.

Data analysis, also called the analysis of data, is a procedure of assessing, purging, changing, and demonstrating information with the objective of finding valuable data, recommending conclusions, and supporting decision making. Data analytics is also another name for the process.

3 0

3 years ago