Answers
Banks, Credit unions and Savings Institutes are the primary depository institutions for checks.
Describe a depository.Depository refers to a location where something is placed for safekeeping or protection, as well as a business like a bank or savings association that accepts customer money deposits. A depository is any company, bank, or institution that keeps securities and facilitates their trading. A depository offers a funds transfer service, invests in other assets, lends out money put for safekeeping to others, and provides security and liquidity in the market. Upon request, a depository must deliver the deposit back in its original state. Depositories, as previously mentioned, are places like offices, warehouses, and buildings where people and businesses can put money, securities, and other important items for safekeeping. Depositories can be financial institutions, banks, safes, vaults, and other organizations.
To know more about depository visit:
brainly.com/question/28968170
#SPJ4
Related Questions
Select each of the tasks associated with opening a checking account.
Run a credit report.
Complete a W-2 form.
Verify the account.
Deposit at least the minimum balance.
Provide information such as name, address, date of birth, and Social Security Number.
Provide identification.
Sign an authorization card.
Answers
Tasks associated with opening a checking account are:
Provide information such as name, address, date of birth, and Social Security Number.Provide identification.Deposit at least the minimum balance.Sign an authorization card.A checking account makes it simple to access your money for daily transactions while also keeping it safe. Typically, customers can pay their bills or make purchases using a debit card or a cheque. Different methods may be available for accounts to help avoid the monthly service charge.
A checking account's main function is to store your money in a safe location for a brief period of time, making it accessible when you need it to cover bills and other costs.
Customers who open checking account consent to make deposits into the account, and in return, the bank is obligated to carry out their payment instructions.
Before creating a checking account, it is important to weigh your options and find out whether or not the entity will charge you for maintaining the account and any related items. Being of legal age and fulfilling the conditions established by the chosen financial institution are the second prerequisites you must meet in order to open a checking account.
To know more about checking accounts refer to: https://brainly.com/question/17014586
#SPJ1
This chapter is all about trade--imports and exports and the balance of payments.
Answers
Conducting a foreign trade transaction
The Schengen Convention means a country without internal border controls.
Is it an advantage or a disadvantage not to have internal border controls?
Answers
Answer:
Disadvantage
Explanation:
It is a disadvantage because say if you were to come into a foreign country with a hundred dollars of your cuerncy for a 1000 dollars worth of their own currency they wont b able to determine if that is true or not because there is no way to check without that border controls on how much they are supposed to give you so its putting that country at a lost because if multiple ppl find out about that the country starts to loose vaule to where the point that you have more of that country money thank they do to where they technically own that country now
When she was starting Camp Bow Wow, Heidi Ganahl, the CEO, had a decision to make. To what extent should she wire her facilities to allow dog owners to see what their dogs were doing on the Internet
Answers
Answer:
Little or very minimal
Explanation:
she should only wire her facility to the point where she can control what is being broadcasted to the internet
She wires her facilities to allow dog owners to see what their dogs were doing on the Internet, with little or very minimal
What are owners?The term owners state one who has the legal or rightful title to something: one to whom the property belongs in business, property owners. He and his sister are the owners of the restaurant. There are some different types of owners who are also there in it. As we see, there are some partners who are also there in the owners as well. By the owners, things are also been changed.
As she was starting Camp Bow Wow, Heidi GANIL, the CEO, had the decision to make She wires her facilities to allow dog owners to see what their dogs were doing on the Internet, Little or very minimal as she wanted to make the things are being also on the internet been seen.
Therefore, the conclusion is that She wires her facilities to allow dog owners to see what their dogs were doing on the Internet, with little or very minimal
Learn more about owners here:
https://brainly.com/question/2279699
#SPJ2
Identify what constitute the combination of traits, which result from the interaction of genes and environment.
O personality
O locus of control
O ethnocentrism
O perception
Answers
Answer:
Personality
Explanation:
the combination of traits, which result from the interaction of your genes and your environment, they constitute your personality.
The personality from the interaction of genes and environment.
What is combination of traits?It could involve anything from managing a team of people to swaying opinions and guiding an organization's development.
Whatever your personal definition of leadership may be, we can all agree on one thing: Great leaders regularly exhibit certain characteristics as opposed to mediocre ones.
Effective leaders play a critical role in ensuring that people are inspired, engaged, and properly prepared to provide their best work at all levels of a business.
Therefore, The personality from the interaction of genes and environment.
To learn more about personality, refer to the link:
https://brainly.com/question/14038147
#SPJ2
In which region is preserving food unnecessary because the growing season is
12 months long?
Select one:
beijing
fujian
zhejiang
szechuan
Answers
Popularly called the Land of Abundance, the szechuan(Sichuan province) benefits from good fertile land and a host of favorable natural conditions which boosts crop yield, hence being able to grow all year long.
The Szechuan province accounts for a large percentage of china's agricultural crop produce. The temperature of the province is favorable, having a good fertile land and a humid subtropical climate. Crops such as a maize, wheat, rice, corn watermelon and other fruits are grown yearly.Therefore, The growing period of the szechuan province is longer than most other provinces In China.
Learn more : https://brainly.com/question/3209378?referrer=searchResults
Considering that working in the educational field requires a post-secondary education, choose a local college/university and research the admission requirements. Describe the process of applying to the college/university and what things are needed to finance the program.
Answers
Answer:
the answer is 0
Explanation:
Cayla? please talk to me
Shmenson Company uses the periodic inventory system. Sales for 2020 were $470,000 while operating expenses were $175,000. Beginning and ending inventories for 2020 were $70,000 and $60,000, respectively. Net purchases were $180,000 while freight in was $15,000. The net income or loss for 2020 was:
Answers
Answer:
The net income for 2020 was $90,000
Explanation:
Shmenson Company
Income Statement for the year ended 2020
Sales $470,000
Less Cost of Sales
Beginning Inventories $70,000
Add Net purchases $180,000
Add Freight In $15,000
Less Ending Inventories ($60,000) ($205,000)
Gross Profit $265,000
Less Expenses
Operating expenses ($175,000)
Net Income $90,000
Conclusion
Thus, the net income for 2020 was $90,000.
how does creating a data table help you organize and communicate important aspects of your data
Answers
Answer:
A data table helps you organize structured data and allows sorting of the table by column or content. This table is ideal for nonchronological information such as majors lists, offices or department lists, or lists of links to documents.
Explanation:
Answer:
A table helps you recognize the relationships among data and evaluate the data more effectively. Tables can be organized in many different ways, depending on what relationships you wish to examine. Tables can be a first step toward more complex ways of organizing data, such as charts or graphs.
You are planning to save for retirement over the next 25 years. To do this, you will invest $820 per month in a stock account and $420 per month in a bond account. The return of the stock account is expected to be 10.2 percent, and the bond account will pay 6.2 percent. When you retire, you will combine your money into an account with a return of 7.2 percent. How much can you withdraw each month from your account assuming a 20-year withdrawal period
Answers
Answer:
$10,460
Explanation:
You will contribute 25 x 12 = 300 monthly payments to your savings accounts. In order to determine their future value, we must first determine the effective interest rates:
stock account = 1.102 = (1 + r)¹²
¹²√1.102 = ¹²√(1 + r)¹²1.008127 = 1 + rr = 0.008127 = 0.81% monthly ratebond account = 1.102 = (1 + r)¹²
¹²√1.062 = ¹²√(1 + r)¹²1.0050 = 1 + rr = 0.005 = 0.5% monthly rateIn 25 years, you will have:
stock account = $820 x 1,265.21433 (PV annuity factor, 0.81%, 300 periods) = $1,037,475.75bond account = $420 x 692.99396 (PV annuity factor, 0.5%, 300 periods) = $291,057.46total = $1,328,533.21using the payout annuity formula:
P₀ = [d (1 - (1 + r/x)⁻ⁿˣ)] / (r/x)
P₀ = $1,328,533.21d = monthly withdrawal = ? r = annual interest rate = 0.072 x = number of compounding periods = 12n = number of years = 20$1,328,533.21 = [d (1 - (1 + 0.072/12)⁻²⁴⁰)] / (0.072/12)
$7,971.20 = d (1 - 0.23795)
$7,971.20 = d (0.762)
d = $7,971.20 / 0.762 = $10,460
Consider an economy which produces and sells, among a host of other things, 100 million T‑shirts a year. The average T‑shirt begins life when a farmer plants seeds she put away last year, waters them, and harvests the cotton, then sells the cotton to a mill for $0.75, which sells the fabric to a T‑shirt factory for $1.50, which sells its T‑shirts to a wholesaler for $5, who sells it to Nordstrom for $10, which finally sells it to you for $17. Determine the impact of T‑shirts on annual GDP by calculating the value added of the entire production process.
Answers
The impact of T‑shirts on annual GDP by calculating the value added of the entire production process is $1,625,000,000.
How do you determine the added value?The value added of the entire production process for T-shirts can be calculated by summing the value added by each stage of the production process.
Value added by the farmer = $0.75 (sale of cotton to mill)
Value added by the mill = $0.75 (sale of fabric to T-shirt factory) - $0.75 (cost of cotton from farmer) = $0
Value added by the T-shirt factory = $5 (sale of T-shirts to wholesaler) - $1.50 (cost of fabric from mill) = $3.50
Value added by the wholesaler = $10 (sale of T-shirts to Nordstrom) - $5 (cost of T-shirts from factory) = $5
Value added by Nordstrom = $17 (sale of T-shirts to customer) - $10 (cost of T-shirts from wholesaler) = $7
Therefore, the total value added by the entire production process is $0.75 + $0 + $3.50 + $5 + $7 = $16.25
The impact of T-shirts on annual GDP is $16.25 * 100 million T-shirts = $1,625,000,000.
learn more about GDP: https://brainly.com/question/1383956
#SPJ1
Regarding the Cost-Plus pricing, which of the following statement is NOT true? It is a pricing strategy liked by the Finance department It supports price differentiation It calculates the price based on the cost plus a standard margin It is an entirely inward-focused strategy that has nothing to do with the market and competition
Answers
Answer: It supports price differentiation
Explanation:
Cost-plus pricing works by adding a standard margin to the cost of producing or acquiring a good. The margin will be the gross profit per unit.
This does not support price differentiation because it would lead to the same price being charged to all customers for the goods regardless of who the customers are, whereas price differentiation calls for different types of customers to be charged different prices.
QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the average of their sales?
Answers
Answer:
352,000
Explanation:
add up all the numbers, then you divide by 3
The average of the three smoothie shop sales is $352,000.
What are sales?A sale is a transaction between two or more parties with respect to a particular product or a service. the payment can be done in cash, digital form, or a barter system. sales can be found out with the help of cost price and profit or loss incurred on selling the product or rendering service.
The annual sale of the first smoothie shop is $300,000
The annual sale of the second smoothie shop is $344,000
The annual sale of a third smoothie shop is $412,000
The average sale of smoothie shop = total of sales/ number of shops
= (300,00 + 344,000 + 412,000) / 3
=$352,000
Therefore, the average sales of the three shops are $352,000.
Learn more about sales, here:
https://brainly.com/question/24298208
#SPJ6
According to material in this textbook, what is the number one reason a business chooses to use social media? Increase exposure for a business.
Answers
The number one reason a business chooses to use social media is to increase their exposure and reach a wider audience.
By utilizing social media platforms, businesses can post content that can be seen by more people, create a presence in the digital space, and expand their customer base. Additionally, social media allows businesses to better engage with potential customers, build relationships, and monitor customer feedback. Social media also offers a cost-effective form of advertising, which can be used to promote products, services, and content. Furthermore, businesses can utilize social media to increase their visibility and reputation, reach more potential customers, and keep current customers informed about company updates. Ultimately, using social media is an effective way for businesses to expand their reach and promote their products and services.
for more such questions on social media.
https://brainly.com/question/28539858
#SPJ11
On 13 February, ATD Customs Pty Ltd provides a service to MJ Civil Pty Ltd with payment due
within 30 days. On ATD Customs' statement of financial position, the amount owed by MJ Civil
will be recorded as:
services income.
an account payable.
an account receivable.
a prepayment.
Answers
Based on the information given the amount owed by MJ Civil will be recorded as: an account receivable.
What is account receivable?Account receivable is the money a company is yet to receive from their client or customers for rendering or providing service to the clients.
Based on the given scenario on ATD Customs' statement of financial position, the amount owed by MJ Civil will be recorded as account receivable because the payment is not yet due but will be due within 30 days.
Inconclusion the amount owed by MJ Civil will be recorded as: an account receivable.
Learn more about account receivable here:https://brainly.com/question/24848903
A company had issued 10,000 bonds which had a par value of $50 and currently sold at $60. The company is expected to pay 10% interest for the next 5 years. In addition to this the preferred stock of the company is issued at $150 which a promised dividend of 8 per share. The common stock holders will receive $2 per share and this will grow T 8% for the first 3 years, 6% for the other 3 years and it will grow at 5% for indefinite period. Assume the tax rate is 35%. The capital structure of the company is composed of 600,000 common stock, 200,000 preferred stock and 100,000 is debt.
A) Find the cost of capital for each sources A) Find the weighted average cost of capital
Answers
To calculate the cost of capital for each source, we'll consider the cost of debt, cost of preferred stock, and cost of common stock.
1. Cost of Debt:
The cost of debt is the interest rate the company pays on its debt. In this case, the company has issued bonds with a par value of $50, currently selling at $60, and a coupon rate of 10% for 5 years.
Cost of Debt = (Interest Expense / (Bonds Market Value - Bond Discount)) * (1 - Tax Rate)
Interest Expense = Bonds Market Value * Coupon Rate
Bonds Market Value = Number of Bonds * Bond Selling Price
Number of Bonds = 10,000
Bond Selling Price = $60
Coupon Rate = 10%
Tax Rate = 35%
Interest Expense = $60 * 10,000 * 10% = $60,000
Bonds Market Value = 10,000 * $60 = $600,000
Bond Discount = Par Value - Bond Selling Price = $50 - $60 = -$10 (Negative value because the bond is selling at a premium)
Cost of Debt = ($60,000 / ($600,000 - (-$10))) * (1 - 0.35) = $6,000 / $600,010 * 0.65 = 0.064997 (approximately 6.50%)
2. Cost of Preferred Stock:
The cost of preferred stock is the dividend rate the company pays on its preferred stock. In this case, the preferred stock is issued at $150 with a promised dividend of $8 per share.
Cost of Preferred Stock = Dividend / Preferred Stock Price
Dividend = $8
Preferred Stock Price = $150
Cost of Preferred Stock = $8 / $150 = 0.053333 (approximately 5.33%)
3. Cost of Common Stock:
The cost of common stock is calculated using the dividend growth model. The dividend is expected to grow at different rates for different periods.
First 3 years: Dividend Growth Rate = 8%
Next 3 years: Dividend Growth Rate = 6%
Indefinite period: Dividend Growth Rate = 5%
Cost of Common Stock = Dividend / Current Stock Price + Growth Rate
Dividend = $2
Current Stock Price = Market Price
Growth Rate = Dividend Growth Rate
Cost of Common Stock = $2 / Market Price + Growth Rate
Weighted Average Cost of Capital (WACC):
The weighted average cost of capital is the weighted average of the costs of each source of capital, considering their respective proportions in the capital structure.
WACC = (Weight of Debt * Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Common Stock * Cost of Common Stock)
Weight of Debt = Debt / Total Capital
Weight of Preferred Stock = Preferred Stock / Total Capital
Weight of Common Stock = Common Stock / Total Capital
Debt = $100,000
Preferred Stock = $200,000
Common Stock = $600,000
Total Capital = Debt + Preferred Stock + Common Stock = $100,000 + $200,000 + $600,000 = $900,000
Weight of Debt = $100,000 / $900,000 = 0.111111 (approximately 11.11%)
Weight of Preferred Stock = $200,000 / $900,000 = 0.222222 (approximately 22.22%)
Weight of Common Stock = $600,000 / $900,000 = 0.666667 (approximately 66.67%)
WACC = (0.111111 * 6.50%) + (0.222222 * 5.
The cost of capital for each source can be calculated by determining the cost of debt, cost of preferred stock, and cost of common equity. The cost of debt is 8.33%, the cost of preferred stock is 5.33%, and the cost of common equity is 14.77%.
To find the cost of capital for each source, we will calculate the cost of debt, cost of preferred stock, and cost of common equity.
The cost of debt can be calculated using the formula: Cost of Debt = (Annual Interest Payment / Bond Price) x 100%. In this case, the bond price is $60 and the annual interest payment is 10% of the bond's par value of $50, so the cost of debt is (0.10 * $50 / $60) x 100% = 8.33%.
The cost of preferred stock can be calculated using the formula: Cost of Preferred Stock = Dividend / Stock Price. In this case, the dividend is $8 per share and the stock price is $150, so the cost of preferred stock is $8 / $150 = 5.33%.
The cost of common equity can be calculated using the Dividend Discount Model (DDM) formula: Cost of Common Equity = Dividend / Current Stock Price + Growth Rate. The growth rate for the first 3 years is 8%, for the following 3 years is 6%, and for an indefinite period is 5%. The dividend for common stock is $2 per share. The current stock price can be calculated using the market value of the common stock ($2 * 600,000 = $1,200,000) divided by the number of shares (600,000), which equals $2 per share. The cost of common equity is $2 / $2 + 0.08 + 0.06 + 0.05 = 14.77%.
Learn more about Cost of Capital here:https://brainly.com/question/37826404
#SPJ2
Which is NOT an example of an expense a) advertising b)insurance c)dividends d)depreciation
Answers
Answer:
c. dividends
Explanation:
not payable... so
Dividends are not an example of an expense.
What are dividends?
A dividend or dividends can be define as a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business which is called retained earnings.
The current year profit as well as the retained earnings of previous years are available for distribution and a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash which is usually a deposit into a bank account or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets.
The dividend received by a shareholder is income of the shareholder and may be subject to income tax. The tax treatment of this income varies considerably between jurisdictions.
The corporation does not receive a tax deduction for the dividends it pays.
Learn more about dividends, here:
https://brainly.com/question/29510262
#SPJ2
identify two possible reasons for unemployment
Answers
Yesterday, you entered into a futures contract to sell €75,000 at $1.79 per €. Your initial performance bond is $1,500 and your maintenance level is $500. At what settle price will you get a demand for additional funds to be posted? A. $1.7767 per €. B. $1.2084 per €. C. $1.6676 per €. D. $1.1840 per €.
Answers
Answer:
A. $1.7767 per €
Explanation:
Calculation to determine At what settle price will you get a demand for additional funds to be posted
Settle price=[(€75,000*$1.79 per €)-($1,500-$500)]/€75,000
Settle price=$134,250-$1,000/€75,000
Settle price= $133,250 / €75,000
Settle price= $1.7767 per €
Therefore The settle price that you will get a demand for additional funds to be posted is $1.7767 per €
Below are cash transactions for Goldman incorporated, which provides consulting services related to mining of precious metals
Answers
The Cash flows from operating activities shall be net cash inflows received from the customers irrespective of actual amount of services provided.
The cash payment for supplies of material, payment of utilities expenses, payment of salaries and payment of rent are taken as outflows from operating activities.Calculate the cash flows generated from operating activities are as under:
Hence, the cash flows generated from operating activities is
$3,400
Outline how a caller’s experiences affect their view of an organisation
Answers
During March, a firm expects its total sales to be $160,000, its total variable costs to be $95,000, and its total fixed costs to be $25,000. The contribution margin for March is: Multiple Choice
Answers
Answer:
$65,000
Explanation:
contribution margin = total sales revenue - total variable costs = $160,000 - $95,000 = $65,000
if you want to calculate the contribution margin per units, all you need to do is divide the total contribution margin by the total number of units sold.
for example, if total units = 10,000
contribution margin per unit = $65,000 / 10,000 = $6.50
_________ activity focuses on how to provide the materials from the suppliers. This system makes the connection between the customer and business functions. It manages the transactions to receive raw and semiraw materials from the suppliers as well as the company and its customers. How many units to order is one of the key issues in supply chain management. Depending on the customers’ order, the company gives orders to the suppliers, and then the suppliers orders to the suppliers’ suppliers.
Answers
Answer: Supply Chain Management.
Explanation:
Supply Chain Management is a very integral part of any business's business.
It refers to that system by which a country controls everything that has to do with the sourcing of raw materials to the production of goods from those raw materials.
An Effective supply chain will give a company an edge in operations as it will lead to goods getting to the customer faster as well as savings for the company amongst others.
Question 2.
Sooraj works as a salesman in a company selling pet accessories and food. He has been given a target of selling 1200 units of the food packets in a month by offering a maximum of 10% discount to his customers. In order to meet his monthly sales target, on the last two days of the month, he offers 15% discount to his customers.
In the context of the above case, is Sooraj effective in his work? Explain by giving a suitable reason in support of your answer.
Answers
Sooraj is effective in his work. This is because Sooraj was able to sell 1200 units of food packets in a month. Although he provided a 10% discount on the food packets, he was still able to meet his monthly sales target.
In addition, Sooraj offered a 15% discount on the last two days of the month to increase his sales target. It can be seen that the customers were attracted to the discount offer and Sooraj was successful in selling more units.
So, he is effective in his work because he was able to sell 1200 units of food packets in a month by offering a maximum of 10% discount to his customers and providing 15% discount to his customers on the last two days of the month.
For more question on discount
https://brainly.com/question/29869380
#SPJ8
The following selected data were taken from the books of the Bixby Box Company. The company uses job costing to account for manufacturing costs. The data relate to June operations.
A) Materials and supplies were requisitioned from the stores clerk as follows:
Job 405, material X, $12,500.
Job 406, material X, $5,250; material Y, $10,750.
Job 407, material X, $12,500; material Y, $5,750.
For general factory use: materials A, B, and C, $4,000.
B) Time tickets for the month were chargeable as follows:
Job 405 $19,750 5,200 hours
Job 406 $25,000 5,800 hours
Job 407 $14,250 3,500 hours
Indirect labor $ 6,250
C) Other information:
Factory paychecks for $65,250 were issued during the month.
Various factory overhead charges of $32,625 were incurred on account.
Depreciation of factory equipment for the month was $6,500.
Factory overhead was applied to jobs at the rate of $3.25 per direct labor hour.
Job orders completed during the month: Job 405 and Job 406.
Selling and administrative costs were $3,750.
Factory overhead is closed out only at the end of the year.
The balance in the factory overhead account would represent the fact that overhead was:
A. $6,000 underapplied.
B. $3,750 overapplied.
C. $4,250 overapplied.
D. $2,250 underapplied.
Answers
Answer:
option D = $2,250 underapplied
Explanation:
There will not be the need to use all the parameters mention in the question above in order to determine the value of the balance in the factory overhead account. The following information and parameters are needed in order to solve this problem. Thus, without mincing words let's dive straight into the solution to the question above:
=> Materials A, B, and C and supplies were requisitioned from the stores clerk = $4,000, Factory paychecks for that month = $65,250, Indirect labor = $6,250, Variable Factory Overhead Charges that occurred on the account = $32,625 and Depreciation of factory equipment for the month = $6,500.
=> Job 406, material X = $5,250.
The balance in the factory overhead account = 4,000 + 6,250 + 32,625 + 6,500 = $49,375.
The next thing to do is to determine the value for the Applied Manufacturing Overhead. This can be calculated below as:
= [5,200 + 5,800 + 3,500] × 3.25 = $47,125 = Applied Manufacturing Overhead
Therefore, $49,375 - $47,125 = $2250. This value is the value for the overhead that is underapplied.
Last year, Shelley bought 6 pairs of designer jeans when her income was $40,000. This year, her income is $50,000, and she purchased 10 pairs of designer jeans. Holding other factors constant, it follows that Shelley
a. considers designer jeans to be an inferior good.
b. considers designer jeans to be a necessity.
c. has a low price elasticity of demand for jeans.
d. considers designer jeans to be a normal good.
Answers
Last year, Shelley bought 6 pairs of designer jeans when her income was $40,000. This year, her income is $50,000, and she purchased 10 pairs of designer jeans. Holding other factors constant, it follows that Shelley considers designer jeans to be a normal good.
What is normal good and luxury good?Normal goods and luxury goods are two types of goods that consumers demand based on their income level. A normal good is a product that sees an increase in demand as a consumer's income rises and a decrease in demand as their income falls. Basic necessities such as food, clothing, and housing are examples of normal goods. Luxury goods, on the other hand, are items that people purchase when their income exceeds what is required for basic survival. These items are frequently non-essential, high-end items purchased for their prestige and status. Expensive cars, jewellery, and designer clothing are examples of luxury items. Businesses must understand the distinction between normal and luxury goods because it affects their target market.
To Know more about Normal Goods Visit:
brainly.com/question/24100151
#SPJ1
I
5. In a few sentences, explain the difference between a fixed exchange rate and a
flexible exchange rate. What are the basic advantages and disadvantages of each?
(4 points)
Answers
A fixed exchange rate is a type of exchange rate regime in which the government or central bank ties the official exchange rate to another country's currency or the price of gold.
The official exchange rate is fixed by the government or central bank, and it is kept constant. The government or central bank must be prepared to buy or sell its currency at the official exchange rate in order to keep it fixed. A flexible exchange rate, on the other hand, is a type of exchange rate regime in which the value of a currency is determined by supply and demand on the foreign exchange market.
Advantages of Fixed Exchange Rate:
Stable exchange rates are beneficial for businesses that require currency predictability. The central bank may employ monetary policy tools more effectively, resulting in lower inflation rates. It is less likely that a currency crisis would occur.
Disadvantages of Fixed Exchange Rate:
It limits a country's monetary policy independence because it must have sufficient foreign currency reserves to maintain the fixed rate. The country's economy may be hurt if the fixed exchange rate is too high.
Advantages of Flexible Exchange Rate:
A flexible exchange rate enables a country to adjust to changes in economic circumstances such as inflation, international competitiveness, and other economic conditions. It allows a nation to conduct an independent monetary policy.
Disadvantages of Flexible Exchange Rate:
Price stability may be difficult to achieve because the exchange rate is more volatile. Businesses may find it more challenging to plan for the future because of the unpredictability of exchange rates.
Know more about Fixed exchange rate here:
https://brainly.com/question/32784534
#SPJ8
the assigned value of a product is its what
Answers
The value that is assigned to any product is known as Price of the Product.
What is the product?A product is refers as goods or services prepared with the objective to sale and gets some income in exchange. A product can be both tangible and intangible to use.
The value of any product can be considered as the amount charge to sale it. The calculation pf price will be based on cost of manufacturing along with other expenses calculated till delivered to consumer.
Therefore, price is used to determine the value of any product.
Learn more about Product, here:
https://brainly.com/question/22852400
#SPJ1
what are the intermediaries of netflix
Answers
The current population of a small town is 2262 2262 people. It is believed that town's population is tripling every 12 12 years. Approximate the population of the town 8 8 years from now.
Answers
Answer:
5,278
Explanation:
The computation of the population of the town after 8 years from now is as follows;
After 12 years, the total population is
= 2262 × 3
= 6,786
increment in the population is
= 6,786 - 2262
= 4,524
Per year increment is
= 4,524 ÷ 12
= 377
Now after 8 years it should be
= 2,262 + 377 × 8
= 5,278