Answer:
A,)Unit of Account
B)Standard of Deferred Payment:
C)Store of Value
D)Medium of Exchange:
Explanation:
.
1. Unit of Account ( this explains that good can be measured for a value)
2. Standard of Deferred Payment( it explains that one can make purchase now and pay later)
3. Medium of Exchange( overall purchasing power is attributed to money)
4. Store of Value( Money is used to complete the transaction between the buyer and seller.
Answer:
Markup %= (retail - wholesale) x 100/wholesale
Explanation:
Mark up is the difference between the selling price and the buying price. It represents profits that a business makes or desires to make from the sale of an item.
Mark-up is expressed as a percentage of the buying price. For my store, profits will be calculated by getting the difference between the wholesale price( buying price) and the selling price( retail price).
Mark will be = <u>retail price- wholesale price</u> x 100
wholesale price.
Answer:
Contribution margin ratio = 20%
Explanation:
We know, contribution margin is the difference between sales revenue and variable expenses, while the contribution margin ratio expressed as a parentage between the contribution margin and company sale.
We know,
contribution margin ratio = (contribution margin ÷ sales revenue) × 100
Given,
Contribution margin = $17,600
sales revenue = $88,000
Putting the value into the formula, we can get
contribution margin ratio = ($17,600 ÷ $88,000) × 100
or, contribution margin ratio = 0.2 × 100
Contribution margin ratio = 20%
Answer:
The correct answer is letter "B": 360-degree performance appraisal.
Explanation:
A 360-degree performance appraisal is an employee-evaluation approach in which the coworkers, subordinates, supervisors, and the same employees provide a rating of their performance. This type of activity allows employees' performance to be tracked after different intervals and requires the <em>collaboration and interaction</em> of all the individuals possible within the organization.
1: Brokerage firms: a type of non-depository financial institution
that manages and facilitates the purchase of bonds, stocks, and other
types of investments.
2. Depository and non-depository financial
institutions: Depository tends to be things such as banks and
non-depository are life insurance companies; differences between both is
that non-depository are not insured by FDIC.
3. Credit Unions: non-profit, member owned institutions and another type of depository institution.
4. Demand deposit accounts: accounts that individuals and business can use to pay their bills.
5. Bonds: investments that promise to pay a certain amount of interest on the principle amount after a given time.
Critical Thinking. 1. What are some considerations in choosing a financial institution? Which one do you think would be
the most important consideration for you in choosing a financial institution? --When a choosing financial institutions, you want to consider location of the institution and the availability of services in your area. Important factors in choosing for the location and services provided; convenience and how often you go.
2. What are the pros and cons of U.S. savings bonds? --Saving Bonds offer a secure investment; does not cost you state or local tax. The con would be figuring when to cash them in or the maturity of the bond can be confusing.
3. What are some of the problems that individuals might face if they use one of the "problematic"
financial institutions?-- If something happens that results in the person going to the institution for help; institution can charge a high interest or the loan could be short. This can result to the person being in debt or have a mark on their financial record for late payments.
4. What are some of the consumer protections available? What can individuals do to protect
themselves? --Many accounts in the United States have FDIC insurance that covers $100,000 of the money in the indiviudal's account. The government has set regulations that can and can't be practiced with consumers; such as regulations required for banks to disclose all aspects of the agreements with their clients.
5. What are some of the advantages and disadvantages of choosing a federally-insured account?--Advantage: federally insured for up to $100,000.--Disadvantage: interest at which account pays is well below the inflation rate
