money refers to something that is used as money but is otherwise worthless and typically has the backing of the government or a central bank. part 2 a. commodity b. representative c. federal d. fiat
Answers
Money is a financial instrument that is used in exchange for goods and services. The term money can be classified into four types, including commodity, representative, federal, and fiat money. Let's understand each type one by one :a) Commodity money: Commodity money refers to money that has its intrinsic value.
In other words, it is a form of money that is made of valuable materials that have a price in themselves, such as gold, silver, precious stones, salt, and cowry shells. Commodity money can be used as a medium of exchange, but it is not backed by a government. b) Representative money: Representative money is a type of money that is backed by a physical commodity such as gold or silver.
The representative money used to represent the physical commodity's value, and it could be exchanged for a certain amount of the commodity.
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Related Questions
Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan.
1. He will fill out the FAFSA form and send it in immediately.
2. He will ask his parents if they have a college savings account.
3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships.
4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships.
5. Upon graduation, he will start saving money for college.
Which statements identify errors in Jaiden’s plan? Check all that apply.
Answers
Answer:
-He should wait until his last year in high school to fill out the FAFSA.
-He should start saving right away. It is never too early to start a savings account.
-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.
-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.
Explanation:
What about currency?
you do not need to enter the symbols for currency. for example, if you enter 14000000 into a numeric entry cell that deals with currency and then select out of the numeric entry field, it may appear as $14,000,000.00 or $14,000,000, depending on the type of value the question requires. you may need to enter decimals as well.
complete the following statement to see how currency works.
if you start out with $2.85 and find an additional $4.65 in your pocket, you will have a total of
Answers
Can anyone help with this question??
Answers
Therefore, potential GDP can be calculated as:
Potential GDP = Actual GDP + GDP Gap
Potential GDP = $500 billion + (-$20 billion)
Potential GDP = $480 billion
Therefore, the potential GDP in this case is $480 billion.
Question 5 of 10
For accountants, which of the following is the most important consequence
of the unethical use of technology?
A. the threat to the reliability of accounting systems
OB. the direct and indirect loss of revenue
C. the possibility that privacy will be compromised
D. the loss of trust in the accounting profession
SUBMIT
Answers
The most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
What are accounting systems?Accounting systems are described as the controls, procedures, and processes in accounting. The main purpose of accounting systems is to make a summary and record the different business transactions in a way that will allow the creation of reports, and enhance operations.
If the accountants are unethically using technology, then it will directly impact the accounting processes, and transaction records of businesses, and the financial report will produce erroneous results and will highly degrade the decision-making process.
It can be concluded that the most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
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Answer: The loss of trust in the accounting profession
Explanation: believed the other person aaaannnnnddddd got it wrong
1. Which of the following are tasks associated with business administration positions? (2 poi
Select the two that apply.
answering phones
designing goods for production
delivering goods to market
maintaining records
repairing computers
Answers
Answer:It's A
Explanation: Took the test
Sarah just earned a new accreditation and is updating her advertising, website, and other outlets to include the credentials. To beef up her website, she also adds the credential she's currently working on. Has she committed any ethical violations?
Answers
Yes, she recently updated the website with that information, but by failing to do so, she broke the law.
What is ethical violations?
"Ethical infractions" refers to actions that are against morality. Abuse, harassment, and needless insults against another person are ethical infractions.
In order for her current qualifications to be appropriately reflected in her advertising, website, and other sources of information, Sarah is updating them as unethical.
She broke the law since she added credentials and has been working recently but not producing. They thereby devised a trap for the public, going against their own code of ethics, which they disregarded.
As a result, yes she has committed ethical violations.
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Which of the following is the most common target regarding asset misappropriation?
a. Inventory
b. Cash
c. Equipment
d. Valuable information
Answers
The most common target regarding asset misappropriation is Cash.
So option b is correct.
Asset misappropriation refers to the fraudulent or unauthorized use, theft, or misappropriation of an organization's assets by employees or individuals within the organization. Among the options provided, cash is the most common target for asset misappropriation due to its liquidity and ease of conversion.
Cash is highly susceptible to misappropriation because it is tangible, easily accessible, and can be quickly converted into personal gain. Employees who have access to cash, such as cashiers, bookkeepers, or those responsible for financial transactions, may be more inclined to misappropriate cash for personal use.
Inventory, equipment, and valuable information are also potential targets for misappropriation, but they are generally less common compared to cash. Inventory theft or misappropriation can occur, especially in industries where physical goods play a significant role, but cash is typically a more attractive target due to its immediate value. Equipment theft or misuse can occur, but it may be more noticeable and challenging to dispose of compared to cash. Valuable information, such as intellectual property or trade secrets, can also be targeted, but the methods and motives for misappropriation may differ from those involving cash.
Among the options provided, cash is the most common target regarding asset misappropriation. Its liquidity and ease of conversion make it an attractive target for individuals seeking to fraudulently obtain personal gain. However, it is important to note that asset misappropriation can occur with other assets as well, but cash is generally the most prevalent target. Organizations should implement appropriate internal controls and monitoring systems to mitigate the risk of asset misappropriation, regardless of the specific asset involved.
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When you add the value of a Maryam's benefits to her salary how much is she earning per year
Answers
82,500Answer:
Explanation:
a machine has a cost of $16,200, an estimated residual value of $4,140, and an estimated service life of eight years. the machine is being depreciated on a straight-line basis. at the end of the second year, what amount will be reported for accumulated depreciation? (do not round your intermediate calculations. round annual depreciation amount to the nearest dollar amount.)
Answers
If a machine has a cost of $16,200, an estimated residual value of $4,140, and an estimated service life of eight years. the machine is being depreciated on a straight-line basis. at the end of the second year, the amount that will be reported for accumulated depreciation is $3,015.
Accumulated depreciationWe would be making use of this formula to determine the accumulated depreciation
Accumulated depreciation = [ Cost of machine - Estimated residual value / Estimated service life ] × Number of years
Where:
Cost of machine = $16200
Estimated residual value = $4140
Estimated service life = 8 years
Number of years = 2 years
Let plug in the formula
Accumulated depreciation = [ ($16,200 - $4,140) / 8 years ] × 2 years
Accumulated depreciation = $1,507.5 per year × 2 years
Accumulated depreciation = $3,015
Therefore we can conclude that the accumulated depreciation is the amount of $3,015.
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A computer chip sold to Dell is an example of:
A. a final good.
B. an intermediate good.
C. a service.
D. an inferior good.
Answers
An illustration of an intermediate good is a computer chip that was sold to Dell.
What does the word "intermediary goods" mean?Those products that businesses utilize to produce goods or services were referred to as intermediate goods. As producer products, these items are also known. Thus, the production of final or consumer goods requires the utilization of intermediate goods.
What are intermediate products as opposed to final goods?Final goods are products that don't require any more processing. Consumer goods are another name for these goods, which are produced with the aim of being directly consumed by the end user. Intermediary goods are any products that companies use to create completed goods or services.
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Sportly, Inc. completed Job No. B14 during 2011. The job cost sheet listed the following: Direct materials $44,000 Direct labor $24,000 Manufacturing overhead applied $16,000 Units produced 3,000 units Units sold 1,800 units How much is the cost of the finished goods on hand from this job
Answers
Based on the direct materials, the direct labor, and the manufacturing overhead, the cost of finished goods on hand is $33,600.
What is the cost of finished goods on hand for this job?Cost of goods on hand is:
= Cost of goods per unit x Number of goods on hand
Cost of goods per unit is:
= (44,000 + 24,000 + 16,000) / 3,000 units
= $28 per unit
Cost of goods on hand:
= 28 x (3,000 - 1,800)
= $33,600
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In order to fight recession, the Government decided to pursue a deficit budget program, but many economists expressed concern that there will be a crowding out effect. Using a graph explain how crowding out happens. State and briefly explain one (1) way in which the extent of crowding out can be reduced.
Answers
Crowding out occurs when increased government borrowing leads to higher interest rates, reducing private investment. One way to reduce it is through expansionary monetary policy that lowers interest rates.
Crowding out occurs when increased government spending, financed by borrowing, leads to higher interest rates, which in turn reduces private investment. In the graph, an upward shift in the demand for loanable funds (caused by government borrowing) leads to higher interest rates, resulting in a decrease in private investment (shown by a leftward shift in the private investment curve).
One way to reduce the extent of crowding out is through monetary policy intervention. The central bank can engage in open market operations, buying government securities to increase the money supply, which lowers interest rates. This counteracts the crowding out effect by reducing the cost of borrowing for private investors, encouraging private investment and offsetting the negative impact of government borrowing.
By implementing expansionary monetary policy alongside deficit spending, the extent of crowding out can be mitigated, as the lower interest rates can partially offset the negative impact on private investment. However, the effectiveness of this approach depends on various factors such as the responsiveness of private investment to interest rates and the overall health of the economy.
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fees for service are determined by which of the following?
Each bank
Each transaction
Each customer
Each branch of bank
Answers
Answer:
Each bank
Explanation:
Banks offer various types of services to customers such as funds transfers, check clearance, foreign exchange, among many others. Since the services are offered by the bank, it is the bank that charges the service fees. The banks also determine the amount of fees to charge per service.
Typically, a bank will apply uniform charges across all its branches. The charges for different services are determined by the bank's top management and apply to all its branches in a country.
Career Cluster
If your dream is to be an elementary school teacher, the
might be best for you.
A. Education and Training
B. Human Services
C. Health Sciences
D. Training and Instruction
Answers
Answer: A
Explanation
The assumption of asymmetric information means that:.
Answers
Classify each of the following quality-related costs as prevention costs, appraisal costs, internal failure costs, or external failure costs. Exemal failure cost External fanure cost Prevention cost Internal failure cost Intemalaiture cost. 1 Warranty repairs. 2. Legal fees from customer lawsuits. 3.Training employees. 4 Cost incurred producing and disposing of defective units. 5 Lost productivity due to machine breakdown. 6. Inspecting products that are halfway through the production process. 7. Inspecting incoming raw materials. 8.Repairing defective units found during inspection. 9.Incremental cost of using a higher grade raw material. 10. Redesigning the production process
Answers
The Prevention Cost, the Appraisal Cost, the Internal Failure Cost, and the External Failure Cost are the four subcategories that make up the Cost of Quality.
What are the four costs of example and quality?Inspection, testing, process or service audits, and calibration of measuring and test equipment are examples of four types of cost of quality.
How much do high-quality PDFs cost?Any costs incurred by an organization as a result of either poor quality or efforts to ensure good quality are referred to as the cost of quality (COQ). In particular, COQ is the sum of four categories that have been agreed upon: evaluation, prevention, failure from the outside, and failure from within.
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An S corporation had the following income and expenses: Sales $240,000 Rent expense 25,000 Business meals 5,000 Interest income 1,500 Contributions to qualifying charities 600 IRC Section 179 expense 3,000 Depreciation expense 1,800 What would be reported as ordinary income on the corporation's income tax return
Answers
The amount that should be reported as the ordinary income on the income tax return of the corporation is $210,700.
Sales $240,000
Less: Rent expense ($25,000)
Less: 50% Entertainment expense ($2,500)
Depreciation ($1,800)
Ordinary income $210,700
Ordinary income involved the sales amount, rent expense, 50% of entertainment expense, and the depreciation expense
Therefore, we can conclude that the amount that should be reported as the ordinary income on the income tax return of the corporation is $210,700.
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-"Process and Guidelines in Technical Writing: Audience
Analysis," you write for only one well-defined audience.
-True or False
Answers
The statement - "Process and Guidelines in Technical Writing: Audience Analysis," you write for only one well-defined audience - is TRUE.
When writing in a technical style, it is crucial to analyze your audience's characteristics and needs to make sure that the material is understandable, convincing, and applicable. Writing to a well-defined audience is essential in technical writing since it ensures that the message is clear, useful, and practical. This is known as the process of audience analysis in technical writing, and it is the first phase of the writing process. Audience analysis determines the readership's characteristics and requirements, such as age, gender, schooling, knowledge, expectations, learning style, cultural background, and profession, among other things.
Writers of technical texts use the audience's characteristics to create documents that communicate more effectively and efficiently with their readers. This enables the writer to tailor the document to the reader's specific requirements. Furthermore, it establishes trust and credibility between the author and the reader by demonstrating that the author recognizes and respects the reader's needs.
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3. Describe through the use of T accounts the birth & growth of the Wahoo Bank
Answers
Answer:
Describe through the use of T accounts the birth & growth of the Wahoo Bank is explained below in detailed explanation.
Explanation:
Equipoise T-accounts is one of the more complex and mind gobbling something for many accounting scholars. In this lesson, we're going to discover specifically how to balance a T-account. Surely, by the time you've completed this exercise, this action will be more relaxed for you than ever since. The last portion of the T-account that we require to meet is its amount. An account’s amount is the value of that object at a precise point in time.
In a T-account, we determine the balance of the matter at the origin of the term (month or year) and the conclusion of the period.
Mary was shopping in a clothing store. She had $100 to spend. She found three items she liked: $99 for a pair of shoes, $98 for a jacket, and $96 for a dress. After over an hour of shopping, she decided to buy the jacket for $98. What was her opportunity cost?
Answers
Answer:
She have two opportunity cost: 1. Shoes
2. Dress
With the return back money of $2
Opportunity cost is the return of a foregone option less than the return on your chosen option.
Assume that the won is the subsidiary's functional currency. What balances does a consolidated balance sheet report as of December 31, 2017?
a) Marketable equity securities = $79,000 and inventory = $76,000
b) Marketable equity securities = $76,000 and inventory = $76,000
c) Marketable equity securities= $79,000 and inventory = $79,000
d) Marketable equity securities = $77,000 and inventory = $77,000
Answers
Option (a) reports marketable equity securities as $79,000 and inventory as $76,000. The consolidated balance sheet as of December 31, 2017, would report marketable equity securities with a value of $79,000 and inventory with a value of $76,000.
In a consolidated balance sheet, the financial information of a subsidiary is combined with that of the parent company. When the won is considered the subsidiary's functional currency, the balances are translated into the reporting currency, which in this case is likely the parent company's currency. Option (a) reports marketable equity securities as $79,000 and inventory as $76,000. Since these values are different from each other, only option (a) can be the correct answer. The values presented in option (a) reflect the balances of marketable equity securities and inventory after translating them into the reporting currency. Therefore, the consolidated balance sheet as of December 31, 2017, would report marketable equity securities with a value of $79,000 and inventory with a value of $76,000.
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A credit card had an Apr of 12.87% all of last year and compounded interest daily. What was the credit card's effective interest rate last year?
Answers
Answer:
13.73%
Explanation:
Effective annual rate = (1 + APR / m ) ^m - 1
M = number of compounding = 365
\((1 + \frac{0.1287}{365} )^{365} - 1\)
\((1.000353)^{365} - 1\) = 0.1373 = 13.73%
What are some tasks commonly performed in Power, Structural, and Technical Systems jobs? Check all that apply.
purchasing seeds
operating large equipment
supervising harvests
testing and fixing machinery
recording information
tracking supplies
giving farm management advice
cleaning up toxic waste
Answers
Answer:
Explanation:
operating large equipment
testing and fixing machinery
recording information
tracking supplies
Operating large equipment, testing and fixing machinery, recording information, and tracking supplies are some tasks commonly performed in Power, Structural, and Technical Systems jobs.
What is the meaning of Power?Power can be defined as the amount of work completed in a given amount of time. Watt (W), which is derived from joules per second (J/s), is the SI unit of power. Horsepower, which is roughly equivalent to 745.7 watts, is sometimes used to describe the power of motor vehicles as well as other machines.
The watt is the power unit. A body's power is measured in watts when it exerts effort at a rate of 1 joule per second. A man's "present capabilities, to achieve some future apparent good" is how Thomas Hobbes described power.
Possessing the ability to influence your surroundings is known as personal power. The five main sorts of power—reward power, coercive power, legitimate power, expert power, as well as referent power—can be used to achieve this.
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Emilia bought 4 pairs of socks and 3 DVDs. The DVDs were originally priced at $15 but were marked down by $7, and each pair of socks costs $2. Which expression shows the total amount Emilia will have to pay before tax?
4 × 15 – 7 + 3 × 2
4 × (15 – 7) + 3 × 2
3 × 15 – 7 + 4 × 2
3 × (15 – 7) + 4 × 2
Answers
Answer:
I believe the answer is b
Which of the following is the basis of all slides in a presentation?
O Placeholders
O Slide Masters
O Theme
O Variant
Answers
Explanation:
The Placeholders is the basis of all slides in a presentation.
The Placeholder is a feature on the presentation interface which is a pre-formatted content for text, graphics, video, clip arts etc
The Placeholder allows the user to format their slides easily and consistently.
Therefore, the Option A is correct because the Placeholders is the basis of all slides in a presentation.
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Felice bought a duplex apartment at a cost of $165,000. Her mortgage payments on the property are $1,520 per month $666 of which can be deducted from her income taxes. Her real estate taxes total $1752 per year, and insurance costs $1464 per year. She estimates that she will spend $1230 each year per apartment for maintenance, replacing appliances, and other.costs. The tenants will pay for all Utilities What must she charge to more $2550 in profit each year? (Do not round intermediate calculations. Round your answer to 2 decimal places. Ignore any tax effects.)
Rant per paiment ________________.
Answers
The Rent per apartment Felice should charge is the PITI plus expected profit, (where PITI is principal, interest, taxes, and insurance) which is $8,516.
Data and Calculations:
Cost of a Duplex Apartment = $165,000
Monthly mortgage payments = $1,520
Deductible mortgage payment = $666
Annual Real Estate Taxes = $1,752
Annual Insurance costs = $1,464
Annual Maintenance costs = $1,230
Annual profit expected = $2,550
Rent to charge = PITI + Profit
= $8,516 ($1,520 - $1,752 - $1,464 - $1,230 + $2,550)
Thus, the Rent per apartment Felice should charge is the PITI plus expected profit, (where PITI is principal, interest, taxes, and insurance) which is $8,516.
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cost flow is in the order in which costs were incurred when using
Answers
Answers : last in, first out
Explanation:
17. Lewis signed a contract for the rights to all timber located on Nine Mile Mine. He agreed to pay $70 per thousand board feet ($70/mbf). As he began work, Nine Mile became convinced that Lewis lacked sufficient equipment to do the job well and forbade him to enter the land. Lewis sued. Nine Mile moved for summary judgment. The mine offered proof that the market value of the timber was exactly $70/mbf, and Lewis had no evidence to contradict Nine Mile. The evidence about market value proved decisive. What is the issue
Answers
true or falsethe net present value profile illustrates how the net present value of an investment is affected by different levels of discount rate?
Answers
The claim is accurate. The discount rate may represent your capital costs or the rewards offered on equivalent risk assets.
If an operation's or investment's NPV is positive, it suggests its rate of return will be greater than the discount rate.
The discount rate, which may be a hurdle rate for a project depending on a firm's cost of capital, represents the time worth of investment in the NPV formula.
A negative NPV, regardless of how the discount rate is calculated, indicates that the expected rate of return will fall short of it, implying that the investment will not create value.
The net present value calculation is also known as discounted cash flow (DCF) analysis when used to evaluate corporate securities.
Warren Buffett employs this strategy to compare the NPV of a company's future DCFs to its current price.
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Can someone hurry and help me please!! If you answer be at least 99% sure. Thank you!
What is a likely result of an increase in trade between nations?
A. It will provide consumers with more choice at lower prices.
B. It will increase the cost of goods due to increased competition.
C. It will lower the standard of living in the weaker trade nation.
D. It will restrict the market for domestic products.
Answers
Answer:
The answer is A. It will provide consumers with more choice at lower prices.
Explanation:
Option (a), which will give customers more choices at a reduced cost, is the best choice.
What is a likely outcome of an increase in international trade?Trade allows for the expansion of markets and access to products and services that might not otherwise be available locally. The competitiveness in the market has increased as a result of global trade. The cost of the final product for the consumer is reduced as a result of increased pricing competition.
Because it promotes market specialization, fosters innovation, and decreases the cost of commodities globally, trade is crucial for maintaining a competitive global economy. A further benefit of trade is having access to goods and services that may be more affordable and of higher quality than those that are provided domestically.
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