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3 years ago

Which type of money does the diagram best describe?

Business

1 answer:

loris [4]3 years ago

8 0

Answer: Commodity

Explanation: I believe this is the answer because Commodity money actually presents value because it can be valuable in different ways such as gold and silver.

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Division ABC has $750,000 invested in assets and earned $200,000 in income. Division XYZ has $800,000 invested in assets and ear

Rus_ich [418]

Answer:

Division XYZ has the highest residual income

Explanation:

Residual income is the excess of the controllable profit over the opportunity cost of capital invested.

It is used to appraise and evaluate the performance of separate divisions of the same company where different managers are responsible for each

It is computed as follows:

Residual income = Controllable profit - (cost of capital× operating assets)

Division ABC

Residual income = 200,000 - (10%×750,000) = $125,000

Residual income= $125,000

Division XYZ

Residual income = 210,000 - (10% ×800,000) = $130 ,000

Residual income= $130,000

Division XYZ has a higher residual income of $130,000 compared to the $125,000 of division ABC. A difference of $5,000 higher.

4 0

2 years ago

A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio

Zina [86]

Answer:

The correct answer is letter "C": the invisible hand.

Explanation:

In Economics, the term "invisible hand" refers to the belief that markets are created according to the demands and needs of individuals who take advantage of opportunities without the need for the intervention of other parties like a government. The term was coined by Scottish Enlightenment thinker Adam Smith (1723-1790) in his book "An Inquiry into the Nature and Causes of the Wealth of Nations" (1776).

8 0

3 years ago

Paloma Co. Stars has four employees. FICA Social Security taxes are 6.2% of the first $113,700 paid to each employee, and FICA M

Firlakuza [10]

Answer:

Explanation:

Base on the scenario been described in the question we can calculate the following

1. Calculation of Employee’s FICA withholding for social security tax rate is 6.20%. Attachment 1 below

2.Calculation of Employee’s FICA withh... Attachment 2 below

4 0

2 years ago

if the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year

scZoUnD [109]

A = $9.99, the amount needed after 1 year
r = 0.018% = 0.00018, interest rate
n = 12, compoundings per year
t = 1, one year duration

Let P = required balance at the beginning of the year.
Then
$P(1+ \frac{r}{n} )^{nt} = A$
P(1 + 0.00018/12)¹² = 9.99
1.00018P = 9.99
P = $9.988 ≈ $9.99

Answer: $9.99

7 0

3 years ago

The money supply will grow faster through deposit creation when the required reserve ratio is: a. high and banks hold excess res

Strike441 [17]

Answer:

c. low and banks are unable to loan out all of their excess reserves. d

Explanation:

Lower required reserve ratio means banks have more money to lend. When banks are able to lend all its excess money, then money supply increases for citizens.

7 0

2 years ago