Functions of money and barterConsider an economy in which money does not exist, so that agents rely on barter to carry out transactions. When the economy was small, barter seemed sufficient. However, the economy has now begun to grow.If people in this economy trade three goods, the price tag of each good must list ______________?prices, and the economy requires____________?prices for people to carry out transactions.Suppose that the number of goods people trade increases to 15. Then the price tag of each good must list _________?prices, and the number of prices that the economy requires increases to____________?Now suppose that our economy has a money. The government now issues a national currency and there is no longer any barter.In this economy, money and currency are not the same because:1. The fact that the government issues currency means that the currency will be accepted as money by all agents.2. The fact that the currency is backed by the government means that it will never lose value and will remain a perfect unit of account.3. Just because the government issues currency does not mean that the currency will be accepted as money, since it must be used as a medium of exchange, store of value and standard of value.4. Just because the government issues currency does not mean that the currency will be accepted as money, and buyers and sellers still need barter to ensure that money does not lose its value.Suppose now that our economy is suffering from rapid, ongoing increases in the cost of living. Which characteristic of money is directly negatively impacted in that economy?1. Medium of exchange2. Double coincidence of wants3. Store of value4. Unit of account

Answer: , I can give you an overview of the political, social, economic, and technological factors that support cross-border trade, along with some examples of multinational firms operating in Ethiopia.

Political Factors: - The government's policies and regulations play a significant role in supporting cross-border trade. - A favorable political climate encourages multinational firms to invest in the country.

- Ethiopia has implemented policies aimed at attracting foreign investors, such as tax incentives and relaxed regulations.

- The government's efforts to improve infrastructure, such as roads and ports, has also contributed to the growth of cross-border trade. Social Factors:

- The availability of skilled and affordable labor is an important factor that influences the growth of multinational firms in Ethiopia. - Ethiopia's young and growing population presents an opportunity for firms to expand their markets. - The cultural diversity of the country is also attractive to multinational firms seeking to expand their operations globally. Economic Factors: - Ethiopia has a liberalized economy with a stable macroeconomic environment that supports cross-border trade. - The country has made significant progress in economic reforms, including the privatization of state-owned enterprises. - Ethiopia's strategic location, with access to the Red Sea and proximity to the Middle East and Europe, has made it an attractive destination for multinational firms. Technological Factors: - Technology has played a significant role in supporting cross-border trade, making it easier and more cost-effective. - The use of e-commerce platforms has made it possible for multinational firms to reach customers in different parts of the world. - The availability of high-speed internet and mobile networks has also facilitated cross-border trade. Examples of Multinational Firms Operating in Ethiopia: - Coca-Cola is a global brand that operates in Ethiopia and has invested heavily in the country. - H&M, the Swedish fashion retailer, has opened stores in Ethiopia, taking advantage of the country's textile industry. - Unilever, the British-Dutch consumer goods company, has also invested in Ethiopia, setting up a manufacturing plant for its products. In conclusion, the political, social, economic, and technological factors mentioned above have contributed to the growth of cross-border trade in Ethiopia. This has attracted multinational firms to invest in the country, with many seeing Ethiopia as a potential hub for doing business in Africa

Explanation:

Answer:

A. your gross and net income for the previous year.

Explanation:

took the test.

The normal balance is the term on the side of the T- account, Where we can normally find the balance.

The process of gathering, compiling and reporting information on business and financial transactions. also: this system's guidelines and practices. as a first-year student, I studied accounting: work done in accounting or by accountants.

a. Equipment.   debit

b. Wages Expense.    debit

c. Repair Services Revenue.   credit

d. Office Supplies.   debit

e. Owner Withdrawals.  debit

f. Accounts Receivable.   credit

g. Prepaid Insurance.   debit

h. Wages Payable.   credit

i. Owner Capital.   credit

Therefore, As a result, the normal balance of the debit and the credit are as follows.

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Leadership is a way of leading others towards a certain goal. The one in charge of the leading or steering the mantle of leadership is known as a leader.

Transformational leadership helps followers to transcend their own self-interests for the good of the group.

There are types of leaders in every context. There are good and bad leaders. A transfirmational leader helps followers to achieve their personal interests.

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Answer:

Ethnocentrism causes us to judge others by our own values.

Ethnocentrism causes us to judge others by our own values. Ethnocentrism is the belief in the superiority of one's own culture. This belief is a natural attitude found in all cultures, and it causes us to judge others by our values.

Answer:

D.) 10

Explanation:

Given the question:

Required reserve ratio equals 10 percent, Calculate the simple deposit multiplier?

Given that :

Reserve ratio (RR) = 10% = 0.1

The simple deposit multiplier is the reciprocal of the required reserve ; mathematically expressed as :

Simple deposit multiplier = 1 / RR

Simple deposit multiplier = 1 / 0.1

Hence simple deposit multiplier = 10

When faced with ethical dilemmas, company should take a thoughtful and deliberate approach to understand the situation and its impact on stakeholders.

Stakeholders are individuals, groups, or organizations that have an interest or concern in a particular business, project, or initiative. They can be internal or external to the organization and can include employees, customers, shareholders, suppliers, government agencies, local communities, and other parties that may be affected by the organization's activities. Stakeholders often have different perspectives, expectations, and goals, and may have conflicting interests or priorities. It is important for organizations to identify and engage with their stakeholders, understand their needs and concerns, and develop strategies to manage their expectations and build positive relationships. Effective stakeholder management can help organizations to achieve their objectives, mitigate risks, and enhance their reputation and legitimacy.

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Answer:

Andreasen Corporation

Special Order by Simpson Company:

a.                                Status quo        Alternative        

                              100,000 units   107,500 units      Total        Difference

                                ($'000)            ($'000)           ($'000)        ($'000)

Sales Revenue      $10,000              $450           $10,450      $450 Higher

Total Variable cost   5,400                420               5,820        420 Higher

Contribution           $4,600                $30             $4,630          30 Higher

Fixed costs                1,800                  20                1,820          20 Higher

Operating profit     $2,800                $10              $2,810           10 Higher

b. No.

d. Contribution per unit = $4 ($30,000/7,500)

Fixed cost = $20,000

Fixed cost Plus Profit = $30,000

Minimum quantity to make it profitable = $30,000/$4 = 7,500 thermostats

However, this profit level is far below the normal production profit of 28% on sales revenue.

Explanation:

a) Data and Calculations:

Materials $ 36.00

Labor 14.00

Variable overhead 4.00

Total variable cost = $54

Fixed overhead ($1,800,000 per year; 100,000 units per year) 18.00

Total $ 72.00

Selling price = $100

Special order = 7,500 thermostats

Price of special order = $60

Relevant costs of special order:

Materials               $ 36.00

Labor                         14.00

Variable overhead     4.00

Additional material = $2

Unit variable cost = $56

Total variable cost =   $420,000

Packaging equipment    20,000

Total relevant cost =  $440,000

Sales Revenue =       $450,000

Profit from special order = $10,000

They expect a credit card company to Send the account to collections they expect a credit card company to. Thus option C is correct.

A sort of line of credit offered by banks seems to be a credit card, which enables users to borrow money up to a pre-approved available credit. Users can use it to transact in the purchasing of goods as well as services.

As this is because the late payment of anything will not appear on the credit card report. This was to make sure that the people will have a chance to pay.

As the late payment will not affect the credit score. There will be someone who will be present for the collection of the payment. Therefore, option C is the correct option.

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Given balances extracted from the accounting records of BERGVILLE LTD on 29 February 2023 are as follows:Information:Ordinary share capital = R200,000Retained income = R440,000Loan from Iniwe Bank = R25,000Fixed assets at carrying value = R11,500Fixed deposit:

Khula bank = R560,000Trading stock = R985,400Creditors control = R280,000Bank (unfavorable) = R25,000Accrued expenses (expenses payable) = R11,500Net trade debtors = R280,000SARS income tax (provisional tax payments) = R54,000Petty cash = R5,000Dividends:Interim dividends: R123,000

Final dividends: R320,000Therefore, total shareholders' equity can be calculated as:Share capital + Retained income = 200000+440000= R640,000The total current assets would be:Trading stock + Debtors + Cash = 985400+280000+5000= R1,270,400As given, Trade and other receivables occupied 54% of the current assets.

Therefore, Trade receivables = 54% * 1270400 = R685,216Bank balance as per cash book = 560000 - 25000 - 11500 + 280000 - 54000 - 5000= R1,95500Bank reconciliation statement:Bank balance as per bank statement as at 29 February 2023 = R2,000,500Post-dated EFT of R5,000 dated 31 March 2023Add: Unpresented cheque = R 3,000Add:

Deposit in transit = R12,000Less: Bank charges = R300Less: Uncredited cheque = R7,000Adjusted bank balance as per bank statement = 2,00,500 + 5000 + 3000 + 12000 - 3000 - 7000 = R2,13,500Thus, the adjusted bank balance as per bank statement is R2,13,500.

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Answer:

The 2 statements that are true about nonverbal communication are:

A) Nonverbal communication is not culture-bound and does not

reflect the values and norms of a culture.

B) Nonverbal messages communicate much about relationships.

What is Communication?

This refers to the means by which a message is transmitted from one person to another.

Hence, we can see that based on the given question, it can be noted that nonverbal communication does not need words and as such, it is not culture-bound and does not reflect the values and norms of a culture.

Explanation:

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The 14th Amendment outlines the path to citizenship in the United StatesSome the ways you can be a citizen in this country is

The United States Constitution's 14th Amendment was approved in 1868. It was passed in response to the post-Civil War citizenship debate involving former slaves.

Being a natural-born citizen of the United States means that you automatically became one when you were born to parents who were both citizens of the country. Being born on american Soil will also give citizenship.

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Answer:

Having a child and filing jointly  will affect the amount Tax payable because up to $300 will be removed from Tax payable for every dependent ( child ) a a joint filer has

Explanation:

Tax liability if you file jointly now ranges from  $600 to $1200 but if you file as an individual your Tax liability will range from $300 to $600. A joint Taxpayer may get up to $300 per child

The amount of money back a Joint filer might get for a child ( as with the new child ) will depend on the gross income and the amount of Tax liability the joint filer have.  therefore having a child and filing jointly  will affect the amount Tax payable because up to $300 will be removed from Tax payable for every dependent ( child ) a a joint filer has .

Since we now have a child and filing jointly, this will affect the amount of tax payable because an amount up to $300 will be removed from Tax payable for every dependent (child) that a joint filer has.

Basically, the filing status determines the amount and extent of tax liability that a person or couple will pay.

A singles or married couple enjoys certain benefit of reduction on tax payment once they have a child because they are seen as dependent.

If file jointly ranges from  $600 to $1200 but file as an individual, your Tax liability will range from $300 to $600 so, the jointly taxpayer may get up to $300 per child.

In conclusion, Since we now have a child and filing jointly, this will affect the amount of tax payable because an amount up to $300 will be removed from Tax payable for every dependent (child) that a joint filer has.

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Baldwin will pay (D) $29.63 to its employees per hour.

Consider the following calculations to determine how much Baldwin pays its employees:

Therefore, Baldwin will pay (D) $29.63 to its employees per hour.

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The complete question is given below:

Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. This incentive will be provided in addition to the annual raise if productivity goals are reached. Assuming the goals are reached, how much will Baldwin pay its employees per hour?

Select: 1

(A) $28.22

(B) $31.04

(C) $28.15

(D) $29.63

The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.

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Cash basis accounting is a common accounting method that tracks revenues and costs as they are incurred.

Revenue and costs are only recorded under the cash basis of accounting when money is exchanged. This technique is simpler than the accrual basis of accounting, which records income and expenses as they are incurred or generated, regardless of when money is actually transferred.

According to accruals based accounting, sometimes referred to as accrual accounting or traditional accounting, a company's income and costs are recorded at the date indicated on an invoice it issues or a bill it receives.

Accrual Basis of Accounting Changed. The terms cash basis and full accrual basis are combined to form modified accrual. When revenues are both measurable and accessible, they are recognized. Yet, as expenses are always quantifiable at the time of incurrence, they are recorded using the full accrual method.

Jan11 Customers were billed $6,000 for services delivered, but only $2,000 in payment was collected.- Modified Accrual Basis

21 purchased a truck for $144,000 in cash, with the intention of using it for 6 years.- Cash Basis

Feb 13 10 000 paid in recorded accumulated pay to date; 6,000- Modified Accrual Basis

For the month, the truck's depreciation- Accrual Basis

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If you became a member of the Board of Directors of a U.S. Public Company, the key to serving effectively is to work in the best interests of the shareholders.

One of the greatest obstacles to serving effectively is the information asymmetry between you and management. You can approach this by joining a committee and requiring regular updates.

When serving on a Board of Directors, your main interest should be to represent the interests of shareholders as best you can.

You will face the obstacle of not knowing as much as the management does but you can get around this by requiring that the management gives you regular updates on their activities.

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Different options in the market:

The distribution center has two options when it comes to replacing its forklifts – leasing or purchasing. With leasing, the center would use the forklifts for a specified period, usually a few years, and then return them to the leasing company. On the other hand, purchasing the forklifts will give the center permanent ownership of the forklifts.

Accounting treatment of the options:

Leasing forklifts is treated as an operating expense that is reflected in the income statement. The lease payments are recorded as expenses over the life of the lease. However, purchased forklifts are treated as a fixed asset that is depreciated over their useful life. The depreciation expense is recognized over several accounting periods on the income statement.

Tax implications of the options:

Leasing forklifts can provide significant tax savings for the business as the lease payments are fully tax-deductible expenses in the financial year they are made. In contrast, depreciation and interest expense for purchased forklifts are deductible over several years, so tax deductions are delayed.

Cost differentials and cash flow implications:

Leasing forklifts would result in lower upfront costs and lower monthly payments compared to purchasing, but the total cost of leasing is typically higher over the long term. In contrast, purchasing requires a substantial upfront payment or a loan, but the total cost is lower over the long term. Cash flow implications of purchasing include funding the entire upfront cost of the forklifts and paying for any maintenance and repairs needed over the lifetime of the forklifts, while cash flow implications of leasing include lower upfront costs but higher monthly payments, which will reduce available cash flow in the short term.

What would the correct decision be for the company:

The company should decide based on its financial situation, long-term business planning, and cash flow requirements. If the company has a limited budget, a short-term need for the forklifts, or requires the latest models frequently, leasing may be a better option. But if the company values ownership, anticipates long-term use or higher utilization, and has the cash resources or access to financing, purchasing may be the more cost-effective option. The decision should consider the financial implications, tax considerations, and cash flow requirements of either option.

Answer:

/

Explanation:

Thomas most likely to have the job of a diplomat. A diplomat is also somebody authorized to represent their country in diplomatic relations with another sovereign state.

A diplomat is an occupation, whereas an ambassador is a rank or title. A minister of the sending nation's highest level is an ambassador. They live in the receiving country and serve as an official messenger and ambassador for the sending nation.

The highest diplomatic position is that of an ambassador, who has precedence above the accredited by the foreign minister chargés d'affaires. Up until the 1960s, when the final legations were raised to embassies, ambassadors had the superior position above envoys. Every diplomat will be assigned to one of the diplomatic ranks (secretary, counselor, minister, ambassador, envoy, or chargé d'affaires) when serving in a foreign country.

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B. one person can produce a good at a lower opportunity cost than another person.

Comparative advantage is a concept in economics that refers to the ability of a person, firm, or country to produce a good or service at a lower opportunity cost than another. Opportunity cost is the cost of forgoing an alternative opportunity in order to pursue a particular action. Hence, the correct option will be B: one person can produce a good at a lower opportunity cost than another person.

For example, let's say Person A can produce 10 units of product X or 5 units of product Y in one hour, while Person B can produce 8 units of product X or 4 units of product Y in one hour. Person A has an absolute advantage in producing both X and Y, as they can produce more of each product than Person B. However, Person B has a comparative advantage in producing product Y, as they can produce it at a lower opportunity cost than Person A, since they have to give up less of their production of product X to produce product Y.

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The teen entrepreneur are young people the age of 13 to 18.

This business is successful because it is useful for the community, solves their problems.

* The teens prepare for entrepreneurship by looking for solutions for people, requirements to start a business, get financially help from family etc.

* They got startup money from selling service to get paid, Crowdsourcing through Kickstarter could be an option, while parents and friends might help, too.

* The motivation for starting a business was too overall help their community.

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The production practice that will promote sustainable development is The use of renewable resources.

Renewable resources are resources that have natural occurrence and overtime they can be replenished.

A major example of  renewable resources coal, solar energy.

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Answer:

I think true and thanks for point

Answer:

Personal income tax is generally computed as the product of a tax rate times taxable income

Explanation:

Answer:

a personal income tax is a tax imposed on individuals or entities that varies with respective income or profits .

Explanation:

Income that people get from wage or salaries, your social security and other governmental benefits.

Answer:

1) to do all the chores

2) to understand and stop family fights

3) to take care of a sick family member

'Developmental programs improve conceptual skills of managers for the future job' is true. The right answer is a.

The goals and content of training and development are different from one another. While "development" refers to a long-term method through which managerial personnel understand conceptual and theoretical knowledge for broad reasons, "training" is a short-term process through which non-managerial personnel acquire technical knowledge and skills for a specific purpose.

Development covers the process through which managers and executives build capacity for both future managing roles as well as skills and competence for their current ones.

The correct answer is option a.

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