1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Klio2033 [76]
2 years ago
8

Around the world oil is priced consistently in United States dollars. In economic terms this is an example of:

Business
1 answer:
Zina [86]2 years ago
8 0

Answer: unit of account

Explanation:

The unit of account is function of money which refers to the standard monetary unit of measurement of a good or service.

Since oil is priced consistently in United States dollars around the world, this means that dollars is the standard monetary unit of measurement and is therefore, the unit of account.

You might be interested in
Abraham drinks Mountain Dew. He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 per can. On a particular d
oksian1 [2.3K]

Answer:

c. $0.70.

Explanation:

The consumer surplus is determined by subtracting Equilibrium price from willing price

Here there are 3 willing prices which are greater than Equilibrium price. The price to buy the forth can is $0.40 which is below the equilibrium price of $0.55, so he will not buy the forth can.

Willing price for first can (W1) = $0.95

Willing price for second can (W2) = $0.80

Willing price for third can (W3) = $0.60

The Equilibrium price (E) is $0.55

Consumer Surplus = (W1 - E) + (W2 - E) + (W3 - E)

Consumer Surplus = ($0.95 - $0.55) + ($0.80 - $0.55) + ($0.60 - $0.55)

Consumer Surplus = $0.40 + $0.25 + $0.05

Consumer Surplus = $0.70.

5 0
3 years ago
Widget Corp., a manufacturing firm in Lithuania, exports its manufactured tools to Wales. To protect its domestic firms, the Gov
Degger [83]

Answer:

A) formal institutional frameworks erected by the host-country government.

Explanation:

In this case, Wales is considered the host country since Widget Corp.'s home country is Lithuania. Taxes imposed by governments are institutional frameworks, they are not informal rules of the game.

The taxes imposed by Wales are called import tariffs and they are used to increase the price of imported goods and services.

7 0
3 years ago
On December 31, 2020, Windsor Company had $1,198,000 of short-term debt in the form of notes payable due February 2, 2021. On Ja
emmasim [6.3K]

Answer and Explanation:

The balance sheet is shown below:-

The computation of note payable is below:-

Notes Payable = $1,198,000 - $649,600

= $548,400

Total notes payable by the company are$1,198,000, of which $649,600 is common stock issue and $548,400 is cash liquidate.

                       Windsor Company

                     Partial Balance sheet

                       December 31, 2020

Particulars              Amount

Current Liabilities:

Notes Payable             $548,400

Long term Debt:  

Notes Payable            $649,600

6 0
2 years ago
Swifty Pest Control Products has the following information available:
Mekhanik [1.2K]

Answer:

$20,700

Explanation:

Data provided in the question:

Net Income = $25,100

Cash Provided by Operations = $32,500

Cash Sales = $64,600

Capital Expenditures = $9,600

Dividends Paid = $2,200

Now,

Swifty’ Free cash flow

= Cash Provided by Operations - Capital Expenditures - Dividends Paid

Thus,

Swifty’ Free cash flow  = $32,500  - $9,600  - $2,200

or

Swifty’ Free cash flow  = $20,700

3 0
3 years ago
Using the smith's bbq report, if your total cost of sales will increase by 1% next week, how much in total sales must you make n
Andru [333]

To be able to make a gross margin of around $32000, the total sales must be around $32,324.

<h3>What is gross margin?</h3>

Gross margin is the total amount of cost benefitted by the sales revenue and the cost derived for the goods being sold. As per the information given above, the total sales calculation will be as $32,324.

Putting the value of total sales in the given formula, the gross margin is $32,000 when the cost of goods being sold has increased by around 1 percent.

Hence, the gross margin will be $32000 when the total sales will be $32,324 and the costs of sales increases by one percent.

Learn more about gross margin here:

brainly.com/question/22718027

#SPJ1

5 0
1 year ago
Other questions:
  • _____________, which can be approximated by the growth of gross domestic product, ultimately determines the prevailing standard
    6·1 answer
  • Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko's capital account began the
    7·1 answer
  • Tune Products, Inc. offers to sell to United MP3 Sales Co. one hundred MP3 players at $50.00 a piece, subject to certain deliver
    5·2 answers
  • On July 8, Action Co. issued a $70,000, 6%, 120-day note payable to Scanlon Co. Assuming a 360-day year, what information is nee
    12·1 answer
  • Waste that comes from the production of consumer goods, mining, agriculture, and petroleum extraction and refining is
    6·1 answer
  • Nafar wants to start her own business as a contract writer. To do this, she needs to build an office addition to her house. Whic
    14·1 answer
  • All of the following are ways to avoid injuries when working on computers except ________. so you are looking up at it ensuring
    5·1 answer
  • University Car Wash built a deluxe car wash across the street from campus. The new machines cost $234,000 including installation
    7·1 answer
  • Jones Company issued $500,000 of 5%, 10-year bonds payable at a price of 92. The market interest rate on the date of issuance wa
    10·1 answer
  • What is the first step in setting up a budget? (1 point)
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!