Why do many people have a fraught relationship with money?

Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. Instructions: Round your answers to 2

Nookie1986 [14]

Answer:

0.74

Explanation:

Data provided in the question

Price level = 1.35

According to the given situation, the computation of the new value of the dollar is shown below:-

The New value of the dollar = 1 ÷ Price level

= 1 ÷ 1.35

= 0.74074

or

= 0.74

Therefore for computing the new value of the dollar we simply applied the above formula.

3 0

3 years ago

To create an indian flag as per the standard ratio

adell [148]

Anwser - 3:2 I’m not sure if u still need help

5 0

3 years ago

Archway Architects, Inc., makes travel arrangements online and stores the confirming documents and receipts on its servers. Unde

Firlakuza [10]

Answer:

The correct answer is D that it is a record.

Explanation:

Record is the term which is described as keeping a track of the items which is necessary for the business by recording them and can be use a proof if something wrong happen in the business.

So, keeping the documents as well as the receipts on the servers, under the UETA, information which is inscribed, stored in any form is a record.

6 0

3 years ago

James Company began the month of October with inventory of $19,000. The following inventory transactions occurred during the mon

Juli2301 [7.4K]

Answer:

1. Entries using periodic inventory system

October 12

J1

Purchases $28,000 (debit)

Trade Payable$28,000 (credit)

j2

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

October 31

Inventory $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

2. Entries using periodic inventory system

October 12

J1

Merchandise $28,000 (debit)

Trade Payable$28,000 (credit)

j2

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

J1

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

J2

Cost of Sales $18,600 (debit)

Merchandise $18,600 (credit)

October 31

Merchandise $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

Explanation:

1. Entries using periodic inventory system

With periodic system, inventory valuation is done at end of a specific period.

2. Entries using periodic inventory system

Perpetual system is the method of recalculating the value of goods held after each transaction

5 0

3 years ago

In the month of October, Tran Incorporated had salaries of $15,000 for factory managers, $18,000 for financial managers, and $42

Sloan [31]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

$15,000 for factory managers

$18,000 for financial managers

$42,000 for company executives.

$98,000 for factory workers

$64,000 for office workers.

To calculate the labor cost we need to separate between indirect and direct labor:

Indirect labor:

Factory managers (manufactury overhead)= 15,000

Direct labor:

Factory workers= 98,000

Total labor cost= $113,000

7 0

3 years ago