When used as an asset that is commonly used to facilitate trade between buyers and sellers, money is considered a medium of exchange.
Money serves as a medium of exchange in trade transactions, allowing buyers and sellers to exchange goods and services without the need for bartering. It is a generally accepted form of payment and facilitates economic transactions, making it an essential component of any economy. Money can also function as a store of value, allowing individuals and businesses to save for future use.
Additionally, it can be used as a unit of account, providing a common measurement of value for goods and services. Overall, money plays a critical role in the economy by enabling the smooth exchange of goods and services and facilitating economic growth and development.
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A country usually imposes an embargo on another country for economic reasons rather than political reasons.
True or False
Answer:
True
Explanation:
Hopefully this helps.
Answer:
False
Explanation:
Took test
In this activity, you will answer some questions about financial reports. Use the sample below to answer the questions. Be sure to answer each question completely and use complete sentences. Use correct spelling and grammar in your response.
1. How many checks were written in June?
2. What is the balance in the account as of June 30?
3. How much money was deposited during the month of June?
4. What was the date of the deposit made in June?
Using the sample, we can answer the questions about financial reports as follows:
Two checks were written in the month of June.The balance in the account as of June 30 is $6.43.The amount of money deposited during the month of June was $30.00.The dates the deposits were made were June 2nd and June 21st.What are financial reports about?Financial reports also known as financial statements are records of the financial activities and positions of an individual, a business, or other entities.
Some examples of financial reports are income statements, statements of cash flow, statements of changes in equity, and balance sheets, etc.
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Incorrect Question 1 A "burdened cost" can be used to inform the sponsor of cost overruns incorporate indirect costs like benefits and overhead into the basic wage rate differentiate between low-skill and high-skill worker pay rates adjust for overtime rates
A "burdened cost" refers to the inclusion of indirect costs, such as benefits and overhead expenses, into the basic wage rate of workers. By incorporating these additional costs,
the burdened cost provides a more comprehensive understanding of the total cost associated with employing workers. Indirect costs are expenses that are not directly tied to the production of a specific product or service but are necessary for the overall operation of a business. Examples of indirect costs include employee benefits (such as health insurance and retirement contributions), payroll taxes, utilities, rent, and administrative overhead. When calculating the burdened cost, these indirect costs are allocated and added to the basic wage rate of workers. This approach allows for a more accurate assessment of the true cost of labor and helps the organization make informed decisions regarding budgeting, pricing, and overall financial management. By incorporating indirect costs into the basic wage rate, the burdened cost provides a holistic view of labor expenses and allows for better cost control and planning. It also helps ensure that the organization considers the full impact of employee-related costs when evaluating project profitability, budgeting for resources, and making strategic decisions.
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which of the following deals with ongoing or periodic assessment of the quality of internal control by management?
The correct answer is "Internal Control Monitoring." Internal control monitoring refers to the ongoing or periodic assessment of the quality of internal control by management within an organization.
It involves evaluating and reviewing the effectiveness of internal control systems, processes, and procedures to ensure they are functioning as intended and mitigating risks appropriately. The purpose of internal control monitoring is to identify any weaknesses or deficiencies in the internal control framework and take corrective actions to address them. It involves activities such as conducting internal audits, performing management reviews, monitoring key control indicators, and implementing control self-assessment processes.
By regularly assessing the quality of internal control, management can gain assurance that the organization's objectives are being achieved, risks are being managed effectively, and operations are conducted in compliance with applicable laws and regulations. Internal control monitoring is an essential component of a robust internal control system, promoting accountability, transparency, and the safeguarding of assets within the organization.
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does my ohio business need to pay sales tax for small business 2020
Answer:
I'd recommend calling your local tax office, but from what I know you will need to pay taxes on your net income.
Explanation:
My knowledge isn't too strong outside of PA and TX, and I'm not a tax official. If you're talking about the items you buy, you may be able to get something that's usually called a Sales Tax Exemption or Reseller Exemption. I'm assuming you're talking about sales tax on items sold, though.
Which career is best suited for people who have a high school diploma?
- Administration and information support.
- Human resources.
- Business financial management and accounting.
- Business analysis.
Answer:
It should be Human resources because it is the least technical compared to the other three options.
suppose that a credit card holder with card-related rental car insurance is driving the rental just outside of denver, colorado when a severe hail storm occurs, causing serious damage to the car. which portion of the card-related rental car insurance might cover damage to the car resulting from hail?a
Comprehensive portion of the card-related rental car insurance might cover damage to the car resulting from hail .
Comprehensive insurance provides coverage for both repair and replacement costs. Third-party liabilities, damage from an accident, fire, natural disaster, theft, etc. are often covered by comprehensive automobile insurance. Any damage to an automobile, excluding damage from a collision, is covered by comprehensive auto insurance. This covers environmental dangers like deer collisions and falls. Comprehensive coverage, like other types of vehicle insurance, covers a portion of the loss if your automobile is damaged. The "deductible" is a portion of the price that the car owner will also be responsible for paying. Repairs or the purchase of a new car may be covered by the insurance payout. An substantial automobile insurance policy known as "compact vehicle insurance" protects the insured against both their own damages and any third-party liabilities.
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silver provided the source of west african wealth as it did in meso-america. T/F
False. While silver was a significant source of wealth in Mesoamerica, it was not the source of wealth in West Africa. In West Africa, gold was the primary source of wealth and was highly valued for its use in jewelry, currency, and trade.
The region had numerous gold mines, including the Bambu and Bure mines, which produced vast amounts of gold during the medieval period. This gold was traded across the trans-Saharan trade routes and made its way to Europe and the Middle East. To summarize, while silver was important in Mesoamerica, gold was the primary source of wealth in West Africa, which was highly valued for its use in jewelry, currency, and trade.
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During the year, John, a sole proprietor, went from Milwaukee to Alaska on business. Preceding a five-day business meeting, he spent four days vacationing at the beach. Excluding the vacation costs, his expenses for the trip are: Air fare $3,200 Lodging 900 Meals 1,400 (just meals, no entertainment value in these meals) Presuming no reimbursement, deductible expenses are: a. $3,200. b. $3,900. c. $4,800. d. $5,500. e. $0, unreimbursed business expenses are not deductible from 2018 - 2025
Answer:
c. $4,800
Explanation:
The computation of the deductible expense is shown below:
= Air fare expense + lodging expense + meals (50% deduction allowed)
= $3,200 + $900 + $700
= $4,800
We take 100% the actual expense of air fare and lodging expense and considered 50% of meals and according to this the total amount of deduction is calculated
hence, the correct option is c.
In
, people invest money in a company in exchange for the company’s
.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
Calculate the GDP using the table and choose the correct answer.
A) $602
B) $584
C) 298
Assume that an interest rate is quoted as 3.75% with annual compounding.
What is the rate when expressed with: (answer needs to be using formula) excel is not allowed.
i) semi-annual compounding
ii) quarterly compounding
iii) continuous compounding?
The interest rate quoted at 3.75% with annual compounding can be converted as follows: 1.86% for semi-annual compounding, 0.93% for quarterly compounding, and 3.82% for continuous compounding.
i) Semi-annual compounding:
To calculate the rate with semi-annual compounding, we divide the annual interest rate by the number of compounding periods per year. In this case, the interest rate is 3.75% and there are 2 compounding periods per year for semi-annual compounding.
The formula to calculate the rate with semi-annual compounding is:
Rate (semi-annual) = (1 + Annual Rate)^(1/n) - 1
where n is the total number of annual compounding periods.
Using the formula, we can calculate the rate with semi-annual compounding as follows:
Rate (semi-annual) = (1 + 0.0375)^(1/2) - 1 = 0.0186 or 1.86%
Therefore, the rate with semi-annual compounding is 1.86%.
ii) Quarterly compounding:
Similar to the previous calculation, we divide the annual interest rate by the number of compounding periods per year. For quarterly compounding, there are 4 compounding periods per year.
Using the formula:
Rate (quarterly) = (1 + Annual Rate)^(1/n) - 1
where n is the total number of annual compounding periods., we can calculate the rate with quarterly compounding:
Rate (quarterly) = (1 + 0.0375)^(1/4) - 1 = 0.0093 or 0.93%
iii) Continuous compounding:
To calculate the rate with continuous compounding, we use the formula:
Rate (continuous) = e^(Annual Rate) - 1
where 2.71828 is the value of the mathematical constant e.
Plugging in the values:
Rate (continuous) = e^(0.0375) - 1 = 0.0382 or 3.82%
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Is Technology one of the affecting factors in demand.
Explanation:
Effect of Technology on Demand:
Changes in technology can affect the demand for different products or the demand for related products. It can increase the market for a product by increasing the demand for a new product and making an older product obsolete.
the final step of the decision-making process is:
A: evaluating the results
B: gathering information
C: identifying the problem
D: selecting the best course of action
Answer:
C . identifying the problem
Answer:
A
Explanation:
A. Evaluating the results
Your job is to cold call people and sell
them life insurance. You do some
research and find out that the life
insurance policy could be purchased
cheaper online. Your boss forbids you
to tell the customer this and expects
you to sign up at least 5 new
customers per day.
What will you do?
I believe I would be cheating customers if I don't do right by them. I would prefer to look for a new job than do something that is ethically wrong and against my morals.
As an employee, I would first try to figure out a way to do right by the customers and reduce the insurance fee. I would try to explain to my boss how we could benefit and increase our customer base if we reduce the fees.
If I fail at getting the price change. I would try looking for a new job that fits well with my morals. Till the time I get a new job, I would try working the same job and explaining to the boss.
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: You are the manager of a small computer programing firm with only seven employees. Rupert Johnson, a programmer who has worked for the company for five years, has developed the habit of coming in to work anywhere form ten to thirty minutes late most days. The other employees have come to you to complain about Rupert’s constant tardiness, saying that it is unfair that they have to take up his slack in the morning routine. You have promised to call Rupert in and talk to him about the problem. When you call Rupert in to your office to talk to him, he opens up to you and explains that about a month ago his ex-wife unexpectedly gave him full custody of his seven-year-old son. She literally left the boy on his doorstep one Saturday and disappeared. Rupert admits that he has been struggling to get into a good routine with his son. The child’s school will not let students arrive before 7:30 am and even if he gets the boy to school at that time, the morning commute and traffic will always make him a few minutes late. Using the decision making model, come up with a decision on how to handle this problem that is fair to Rupert, the other employees, and your company. List each step and describe what you would do or think about.
suppose you are interested in determining arbitrage-free prices for a european call option and and (otherwise identical) european put option. the underlying stock does not pay dividends, and its current price is s
The arbitrage-free prices for the call option and put option were initially $4.74 and $12.62 respectively, but have now increased to $7.35 and $10.71 due to an increase in volatility. This has led to a higher probability of the stock price ending up at a higher node in the binomial tree.
A. To determine the arbitrage-free prices for the call and put options, we can use the binomial option pricing model. The model involves constructing a binomial tree that represents the possible stock prices over the life of the option.
We can then use backward induction to determine the option prices at each node in the tree. Using the given values, we construct the binomial tree and determine the option prices at each node.
The arbitrage-free prices for the call and put options are found by discounting the expected payoff at expiration back to the present using the riskless interest rate. The arbitrage-free price for the call option is $4.74 and for the put option is $12.62.
B. A change in the company's corporate risk management policy that increases annualized volatility from σ = 20% to σ = 30% will have a significant effect on the arbitrage-free prices for the call and put options.
The increased volatility will increase the likelihood of the stock price ending up at a higher or lower node in the binomial tree, which in turn will affect the expected payoff at expiration for both options.
Using the updated volatility value of σ = 30%, we construct a new binomial tree and determine the option prices at each node. We then discount the expected payoff at expiration back to the present using the riskless interest rate to find the new arbitrage-free prices.
The new arbitrage-free price for the call option is $7.35, and for the put option is $10.71. The increase in volatility has caused the call option price to increase, as there is a higher probability of the stock price ending up at a higher node in the binomial tree. The put option price has decreased, as there is a higher probability of the stock price ending up at a lower node in the tree.
In summary, the binomial option pricing model can be used to determine arbitrage-free prices for European call and put options. Changes in the underlying stock's volatility can have a significant effect on the option prices, as the likelihood of the stock price ending up at different nodes in the binomial tree is affected.
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Complete Question:
Suppose you are interested in determining arbitrage-free prices for a European call option and (an otherwise identical) European put option. The underlying stock does not pay dividends, and its current price is S = $100. For both options, the exercise price K = $115, u = e σ √ δt , d = e −σ √ δt, and the length of each timestep is δt = 1/6. Furthermore, the riskless rate of interest r = 4% per year, the underlying stock’s volatility σ = 20% per year, and both options expire 6 months from today.
A. What is the arbitrage-free price for call & put options?
B. Suppose that a change in the company’s corporate risk management policy increases annualized volatility from σ = 20% to σ = 30%. Calculate the effect that this change will have on the arbitrage-free prices for the call and put options, and explain why these prices changed in the manner that they did.
The Monarch Division of Allgood Corporation has a current ROI of 13 percent. The company target ROI is 9 percent. The Monarch Division has an opportunity to invest $5,700,000 at 11 percent but is reluctant to do so because its ROI will fall to 12.24 percent. The present investment base for the division is $9,300,000. Required Calculate the current residual income and the residual income with the new investment opportunity being included. Based on your answers to requirement a, should Monarch Division make the investment?
Calculate the current residual income and the residual income with the new investment opportunity being included.
Based on your answers to requirement a, should Monarch Division make the investment?
Answer and Explanation:
The computation is shown below:
Current residual Income is
= current investment base × (Current ROI - Target ROI)
= $9,300,000 × (13% - 9%)
= $9,300,000 × 4%
= $372,000
Now
New residual income is
= (New investment base) × (New ROI - target ROI)
= ($9,300,000 + $5,700,000) × (12.24% - 9%)
= $15,000,000 × 3.24%
= $486,000
Yes, Monarch division should make the investment because the new residual income is more than the present residual income
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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3. Earning of profit is regarded as the main objective of business? Explain by giving any 3reasons
occurs when companies employ a multinational pricing policy that calls for setting different prices in different country markets. a) ethnocentric b) polycentric c) regiocentric d) geocentric e) extension
A method in global marketing where a company permits a subsidiary or affiliate to determine the best price in its own region as long as it is profitable; also known as the Polycentric Approach.
What distinguishes polycentricity from ethnocentricity?
While the ethnocentric method sends employees from the home area or country to a foreign country or to another site where the headquarters are present, the polycentric approach concentrates on keeping personnel from a domestic region or country.
What do geocentric and polycentric mean?Polycentric Attitude: The idea that local workers are aware of the best working methods and commercial procedures is referred to as having a polycentric attitude. Geocentric Attitude: A geocentric attitude is a global perspective that emphasises using the best methods and connecting with individuals from all over the world.
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Which are examples of Information Support and Services workplaces? Check all that apply. An outdoor area an office a vehicle a server room.
Answer:
An office and a server room
Explanation:
Answer:
An office
a server room
(2,4)
Explanation:
The par value per share of common stock represents the:.
_____ is the degree to which a newcomer in an organization holds pragmatic expectations about the job and organization.
Realistic job preview (RJP) provides newcomers with accurate information to ensure realistic expectations, reducing turnover and enhancing job satisfaction.
Realistic job preview (RJP) refers to the degree to which a newcomer in an organization holds practical and realistic expectations about the job and organization.
It involves providing candidates with accurate and comprehensive information during the hiring process to ensure they have a clear understanding of the job requirements, work environment, and organizational culture.
By providing a realistic preview of the job, potential candidates can make informed decisions and have a better fit with the role and organization. RJP helps to align expectations, reduce turnover rates resulting from mismatched expectations, and improve job satisfaction and commitment among new hires.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Scenario A. Luna is a manufacturer of fashion jewelry. The company has been operating for the past decade and is well known. When the CEO, Aimee, was asked by a local newspaper during an interview about the secret to her success, she stated that there were several reasons. She makes sure that the company always introduces new styles of jewelry to suit changes in tastes and stay a step ahead of her competitors, and the company offers its customers the best by using fine-quality semiprecious stones in artful settings. She also stated that the company's salespersons cater to customers individually to help them purchase jewelry appropriate for their personal style. Luna has its own exclusive website, which can be accessed anywhere in the world, and customers are promised that they will get what they order within 36 hours. From Scenario A, it can be understood that Aimee is an example of a(n) Select one: a. strategic manager. b. frontline manager. c. operational manager. d. tactical manager. e. middle-level manager.
Given that the business is said to make changes that suit the taste of consumers we can agree that Aimee is a strategic manager.
Who is a strategic manager?
This is a person that is involved in the planning and the analysis of the market to which a business belongs.
A manager like Aimee is a person that is involved in the oversight of the key strategic plans that would help the business grow.
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Please helppp!!!
Match the following terms to their correct definitions:
1. A free trade agreement between the U.S., Mexico and Canada
2 A phenomenon that has come about as a result of interdependence between world
economies
3. Large-scale businesses that have originated in developed countries and expanded across the
globe
4. A worldwide organization established after World War Il as a means for providing financial
help for nations in need
a. NAFTA
b. IMF
c. Multinational Corporations
d. Globalization
Answer:
I dont want ads so I am gonna answer this
Explanation:
For your project, you will be doing a Competitor Marketing Analysis Report on the:
Question 3 options:
All companies in the chosen industry
A company you created
An existing company known as the Chief Industry Competitor
Any company
what will happen to trade if business is flourishing?
Answer:
if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand
How can governments and aid organizations ensure that agricultural development helps small farmers? Summarize the brief's suggestion in your own words (point format is fine as well)
To ensure that agricultural development helps small farmers, governments and aid organizations need to take some measures. Here are some suggestions to ensure agricultural development helps small farmers:Providing basic services and infrastructure: This is a fundamental aspect of agricultural development.
To improve agricultural productivity, it's essential to have access to water, roads, electricity, and other critical infrastructure. Additionally, governments should provide extension services, credit facilities, and other necessary inputs to small-scale farmers.Fostering innovation and research: Innovations and research play a vital role in boosting agricultural productivity. Governments and aid organizations need to fund and support research initiatives to enhance farming methods, introduce new crop varieties, and improve the effectiveness of agricultural inputs. Supporting farmer organizations: Small farmers need to be organized to have a unified voice and make collective decisions. Governments and aid organizations can provide support and resources to help these organizations be more effective.
They can also promote policies that empower small farmers and promote their interests. Providing market access: Small farmers often have difficulty accessing markets, leading to low prices for their products. Governments and aid organizations can facilitate market access by helping small farmers to organize, providing information, and building infrastructure. In conclusion, governments and aid organizations should provide basic services and infrastructure, foster innovation and research, support farmer organizations, and provide market access to ensure that agricultural development helps small farmers.
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