Answer: General Partnership
Explanation:
Since both Kyle and Palo are equally responsible for the businesses' risks and rewards and they also combine their resources together, then this is a general partnership.
For a general partnership, they both take active part in the business and also have unlimited personal liabilities.
Therefore, the answer is general partnership.
Answer:
The answer is yes, it will function as a medium of exchange.
Explanation:
Money has three functions, store of value, unit of account and medium of exchange. Money that can be used as a medium of exchange is money that is accepted as such by both buyers and sellers, and that is comfortable, or convenient enough, to be carried and exchanged
In this example, the nation of Newbie will issue a currency that can be easily transported. While heavy stock cardboard is a little bit heavier than the paper in which most modern-day currencies are printed, the weight is still light, and does not impede easy transportation and exchange of the currency bills.
Besides, the new Newbie Nugget will be what is know was the legal tender of the nation. The legal tender is the currency that a specific country accepts to collect taxes. This gives more legitimacy to Newbie Nugget and makes it a classical example of a medium of exchange.
Answer:
Option A will save her $15,500.
Explanation:
Financial aid is the assistance given to students to cater to a college education. It excludes Scholarships and grants as these are not cost items by other forms of assistance.
<u>Total for University Option A</u> excluding scholarships and grants
Tuition & Fees $10,000
Room and Board $11,500
Work-Study <u>$ 4,000 </u>
Total for A <u>$25,500</u>
<u>For university option B</u>
Tuition & Fees $28,000
Room & Board $ 9,000
Work-study <u>$ 4,000</u>
Total for B <u>$41,000</u>
Option B is more costly than A by :$41,000 - $25,500=$15,500.
Therefore, Option A saves $15,500
Answer:
$8,200
Explanation:
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold.
So the cost of goods sold =
800 x $9 = $7200
100 × $10 = $1000
Total cost of goods sold = $7200+$1000 = $8,200
I hope my answer helps you
