When money is used to express the market value of goods and services it is functioning as a?
Unit of account. A unit of account is defined as the nominal monetary unit of measure for a currency in economics. This measure measures the real value or cost of an economic item such as goods, services, liabilities, assets, income and expenses.
The amount that is to be paid per year by the company is $3,66,666.66 to repay the loan.
<u>Explanation:</u>
Loan that is taken by a business organisation or by a company from some other party or from a bank may be to meet the requirements to keep the company or the organisation in the running and keep the working going on.
The loan that is to be paid by the Bodine electric is to be paid in six installments, so each year some amount is to be paid by the company to repay it's loan in equal amounts. Since there is interest also to be applied on the principal amount, then that is also to be added to the principal amount while paying each year.
Answer:
Explanation:
When demand is inelastic, a decrease in price will cause.
Answer:
1}Theory X- Authoritarian
2}Theory Y- Participative
Explanation:
Mc Gregor classified management into styles named Theory" X "(authoritarian ) and Theory "Y " (participative ).
Theory X practices vertical and autocratic form of leadership. It is based on the assumption that workers prefer to be pushed to work as they lack ambition and are lazy.
It believes in procedures , reward and punishment.
Contrary to that , theory "Y" believes in relationship and integration .It believes that workers work better when they work under less supervision.
It uses satisfaction , motivation and reward to get the best out of workers.
Answer: <em>$1,160,000</em>
Explanation:
Given:
Retained earnings (beginning) = $1 million
Dividend paid = $100,000
Net income = $250,000
Goodwill increased by = $10,000
Therefore, we'll compute Retained earnings (end of the year) as:
Retained earnings (end of the year) = Retained earnings (beginning) + Net income + Increase in Goodwill - Dividend paid
Retained earnings (end of the year) = $1,000,000 + $250,000 + $10,000 - $100,000
Retained earnings (end of the year) = $1,160,000
