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3 years ago

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

Business

1 answer:

Zina [86]3 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.

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The balance in Accounts Receivable at the beginning of the year amounted to $3,360. During the year, $10,640 of credit sales wer

zimovet [89]

Answer: $11,800

Explanation:

Cashflow inflow from Customers is calculated as follows

Cash flow from customers = beginning account receivable + Credit sales - ending Account receivable.

Plugging in figures would give us,

= 3,360 + 10,640 - 2,200

= $11,800

$11,800 is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement.

You may wonder what happened to the uncollectible accounts expense amounted of $940. It was meant to confuse you. That figure is dealt with before the ending Account Receivable balance is computed.

5 0

4 years ago

Consider the following annuities: Annuity A requires payments of $150 per month for ten years, and at the end of ten years has a

Dmitry [639]

Answer:

<u>C paid out he most nominal interest:</u> 6,000

<u>B is the annuity which give a better return</u> as it generate on average 500 interest per year.

Explanation:

For the total interest we will calcualte the total contribution and subtract it from the total balance ofthe annuity

150 per month x 12 month x 10 year = 18,000

21,000 - 18,000 = 3,000 interest

3,000 / 10 = 300 interest per year

1,000 per year x 12 year = 12,000

16,000 - 12,000 = 4,000 interest

4,000 / 12 = 500 interest per year

C: 100 x 12 months x 30 years = 36,000

41,000 - 36,000 = 5,000

5,000 / 30 = 166,66 per year

4 0

3 years ago

The marketing concept is all about meeting the consumer's_____. Choose the best answer.

Anuta_ua [19.1K]

Well it’s either wants or needs, cause I know it’s both of them but I’m not sure what your teacher wants.

6 0

3 years ago

Jenkins Inc. has a target capital structure of 40% debt and 60% common equity, with no preferred stock. The YTM on the company’s

Natalka [10]

Answer:

15.57%

Explanation:

The WAAC (Weighted average cost of capital) is given by:

$WAAC = M*W_d*(1-T)+E*W_E$

Where M is the rate to maturity of the company's bonds, Wd is the fraction of debt, We is the fraction of equity, T is the tax rate, and E is the rate of cost of common equity. Applying the given data:

$0.115=0.09*0.4*(1-0.4)+E*0.6\\E=0.1557\\E=15.57\%$

The company’s cost of common equity is 15.57%.

5 0

3 years ago

Coleman Company owns a machine that produces a component for the products the company makes and sells. The company uses 1,800 un

Sholpan [36]

Answer:

Difference=$1,800

This shows if Coleman buys, the net income will decrease by $1,800. So Coleman should make components.

Explanation:

Given Data:

Direct material=$7

Variable manufacturing overhead=$6

Direct labor=$4

Fixed manufacturing overhead=$5

Required:

Should Coleman make or buy the component?

Solution:

Total Variable cost=Direct material+Variable manufacturing overhead+Direct labor

Total Variable cost=$7+$6+$4

Total Variable cost=$17

Cost From making=Units*Total Variable cost

Cost From making=1800*$17

Cost From making=$30,600

Supplier Price=$18

Cost From Buying=1800*$18

Cost From Buying=$32,400

Difference=Cost From Buying-Cost From making

Difference=$32,400-$30,600

Difference=$1,800

This shows if Coleman buys, the net income will decrease by $1,800. So Coleman should make components.

7 0

4 years ago