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3 years ago

13

Which term refers to a system of rules and procedures designed to ensure the accuracy and reliability of financial and accountin

g information?

1 answer:

patriot [66]3 years ago

6 0

Answer:

Internal controls is the correct answer.

Explanation:

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Your airplane has 845 miles to travel. So far the airplane has traveled 429 miles. How many miles does the airplane have to trav

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3 years ago

Four students from your economics class are sitting in a local restaurant discussing the market for coffee. Below are quotes fro

Nastasia [14]

Answer:

D. Tasha: "If coffee drinkers expect the price of coffee to rise next month, then current demand will go up and lead to a price increase this month."

This is the only one with incorrect economic analysis

Explanation:

A. is correct because a shortage of supply would drop the price as we can see in the Graph 1 with the supply curve.

B. is correct because if the two goods are substitues then a lower price for caffeinated soft drinks like Mountain Dew would cause the consumer demand for coffe to go down because the consumers would prefer the good with lower price, rising the demand for Mountain dow in detriment of coffe.

C. is correct as we can see in the Graph 1, the increse in the demand would generate a higher price but it would make the demand go back to D1

D. is incorrect because if coffee drinkers consume more coffee this monht the price would lower.

8 0

3 years ago

Metro Inc. has two production departments (Lamination and Molding) and three service departments (Human Resources, Technology Su

eimsori [14]

Answer:

Lamination= $50,000

Explanation:

Giving the following information:

Metro Inc. has two production departments:

Lamination and Molding

Three service departments:

Human Resources, Technology Support, and Purchasing.

The $200,000 costs of Human Resources are allocated based on the number of employees in each production department.

The Lamination department has 40 employees.

The Molding department has 120 employees.

Proportion of employees:

Lamination= 40/160= 25%

Molding= 120/160= 75%

Allocation:

Lamination= 200,000*0.25= $50,000

Molding= 200,000*0-75= $150,000

7 0

3 years ago

You need a 30-year, fixed-rate mortgage to buy a new home for $250,000. Your mortgage bank will lend you the money at an APR of

cricket20 [7]

Answer: $463,067.50

Explanation:

Calculation of single bill payment i.e. Future value

$Future\ value=Present\ value\times(1+r)^{n}-Payment\times\frac{(1+r)^{n}-1 }{r}$

$Future\ value=250,000\times(1+\frac{5.45}{1200} )^{360}-900\times\frac{(1+\frac{5.45}{1200} )^{360}-1 }{\frac{5.45}{1,200} }$

= $250,000 × 5.110505847 - $900 × 905.06551

= $1,277,626.46 - $814,558.96

= $463,067.50

Therefore, the single balloon payment will be $463,067.50

8 0

3 years ago

This monetary policy________the economy's demand for goods and services, leading to_________product prices. In the short run, th

madreJ [45]

Answer:

<u>Increases,.. higher... more.. low.. lower</u>

Explanation:

This monetary policy acts as economic stimulant by increasing the supply of money in the economy, with increased supply come an increase in the economy's demand for goods and services, leading to higher product prices.

Also, In the short run, this <em>positive change</em> in prices induces firms to produce more goods and services.

This, in turn, leads to<u> a low level of unemployment because companies increase their demand for more labour to meet their demand.</u>

In other words, the economy faces a trade-off between inflation and unemployment: Higher inflation leads to lower unemployment.

7 0

3 years ago