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3 years ago

Name and explain money notes

Business

1 answer:

Alborosie3 years ago

6 0

Answer:

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfils these functions can be considered as money.

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Vilka [71]

Sure un I think you need to look it up because I don’t know

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3 years ago

Product costs: Select one: a. Are expenditures necessary and integral to finished products. b. Are expenditures identified more

Lostsunrise [7]

Answer:

a. Are expenditures necessary and integral to finished products

Explanation:

Product cost includes those cost which is used to make the finished product. It is a combination of the direct cost of materials, the direct cost of labor, and overhead cost of production

In mathematically,

Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost

So, It is a mix of direct material cost, direct labor cost., and the manufacturing overhead cost.

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3 years ago

A new study discovers the health benefits of eating fish regularly. At the same time, some consumers decide to become vegetarian

mezya [45]

Answer:

Explanation:

Incorrect Question 18 0/5 pts A new study discovers the health benefits of eating fish regularly. At the same time, some consumers decide to become vegetarians. What is the effect of these events on the equilibrium price and quantity in the fish market? The equilibrium price rises, and the equilibrium quantity falls. The equilibrium price falls, and the equilibrium quantity rises. The equilibrium price falls, and the change in the equilibrium quantity is ambiguous. The change in both the equilibrium price and quantity is ambiguous. Incorrect Question 19 0/5 pts What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand shift is smaller than the supply shift? The equilibrium price rises, and the equilibrium quantity falls. Both the equilibrium price and the equilibrium quantity will rise. The equilibrium price falls, and the equilibrium quantity rises Both the equilibrium price and the equilibrium quantity will tal

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2 years ago

Sea Company reports the following information regarding its production cost. Units produced 47,000 units Direct labor $ 40 per u

ratelena [41]

Answer:

Unitary variable cost= $95

Explanation:

Giving the following information:

Direct labor $ 40 per unit

Direct materials $ 33 per unit

Variable overhead $ 22 per unit

<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>

Unitary variable cost= 40 + 33 + 22

Unitary variable cost= $95

6 0

3 years ago

Bryant Company sells a wide range of inventories, which are initially purchased on account. Occasionally, a short- term note pay

luda_lava [24]

Answer:

1. Finance charge = $2,720

2. Amount of cash paid = $66,720

3. Debt to Assets Ratio on January 10 is 0.62; and the impact is an increase from 0.60. Aiso, Debt to Assets Ratio on March 1 is 0.67; and the impact is an increase from 0.62.

Explanation:

1. For each of the transactions, indicate the accounts, amounts, and effects on the accounting equation.

Note: See part 1 of the attached excel file for the requirements of this question.

In the attached excel file, the amount of -$2,720 that appears under the Stockholder's Equity is the finance charge calculated as follows:

Finance charge = Amount borrowed * Interest rate * (Number of months to the promissory note due date / Number of months in a year) = $64,000 * 8.50% * (6 / 12) = $2,720

2. What amount of cash is paid on the maturity date of the note?

Note: See part 2 of the attached excel file for the calculation of the amount of cash is paid on the maturity date of the note.

From the attached excel file, we have:

Amount of cash paid = $66,720

3. Indicate the impact of each transaction (increase, decrease, and NE for no effect) on the debt-to-assets ratio, Assume Bryant Company had $300,000 in total liabilities and 500,000 in total assets, yielding a debt-to-assets ratio of 0.60, prior to each transaction.

Note: See part 3 of the attached excel file for the debt-to-assets ratios and the indication of impacts.

From the attached excel file, we have:

Debt to Assets Ratio on January 10 is 0.62; and the impact is an increase from 0.60.

Debt to Assets Ratio on March 1 is 0.67; and the impact is an increase from 0.62.

Download xlsx

7 0

3 years ago

Name and explain money notes​

Name and explain money notes