What are the key differences between using a deerskin as money and using a dollar bill as money?a. Using a deerskin as money incurs a much larger transactions cost because it is bigger and heavier than paper money.
b. Using a deerskin as money may not be as widely accepted as using paper money.
c. Using a deerskin as money cannot fulfill the key functions of money: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.
d. A and b only.
e. All of the above?

Answers

Answer 1

Answer:

I guess the correct answers are A and B only

Using a deerskin as money may not be as widely accepted as using paper money.

Using a deerskin as money incurs a much larger transactions cost because it is bigger and heavier than paper money.

A paymеnt systеm is any systеm usеd tο sеttlе financial transactiοns thrοugh thе transfеr οf mοnеtary valuе, and includеs thе institutiοns, instrumеnts, pеοplе, rulеs, prοcеdurеs, standards, and tеchnοlοgiеs that makе such an еxchangе pοssiblе.

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Next year, Baldwin plans to include an additional performance bonus of 0.5% 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? $28.15
$29.70
$31.04
$28.29

Wages are 28.15 annual raise is 5%

Answers

Answer:

$29.70

Explanation:

The computation of the per hour pay is shown below:

= Wages × (1 + total raise)

where,

Wages is $28.15

And, the total raise would be

= 1 + (0.5% + 5%)

= 1 + 5.5%

= 1 + 0.055

= 1.055

Now put these values to the above formula

So, the value would equal to

= $28.15 × 1.055

= $29.70

We simply multiplied the wages by the total raise percentage

Carla Vista Company reports the following operating results for the month of August: sales $385,000 (units 5,500), variable costs $250,000, and fixed costs $94,000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 10% with no change in total variable costs or units sold. 2. Reduce variable costs to 56% of sales. Compute the net income to be earned under each alternative. 1. Net Income $ 2. Net Income $ Which course of action will produce the higher net income

Answers

Answer and Explanation:

The computation is shown below:

Selling Price = Sales ÷ Units Sold

Current Selling Price = $385,000 ÷ 5500

= $70

Now

Expected Selling Price per unit = $70 + ($70× 10%)

= $77

Now

Expected Sales = 5500 × $77

= $423,500

Now

Net Income = Sales - Variable Cost - Fixed Cost

= $423,500 - $250,000 - $94,000

Sales = $385000

Variable cost = $385,000 × 56% = $215,600

Sales $385,000

Less: variable cost -$215,600

Contribution Margin $169,400

Les: fixed cost -$94,000

Net Income $75,400

As we can see that if there is an increase in Selling Price by 10% so it would produce highest Net Income.

Comparing two scenarios for Carla Vista Company: one of increasing the selling price by 10%, and the other of reducing the variable costs to 56% of sales, the former scenario of increasing the selling price provides a higher net income and is the better strategy.

The question asks us to calculate the net income under two different scenarios for Carla Vista Company, and then determine which option produces the higher net income.

To do this, we first need to understand the company's current situation.

Its current net income is calculated as follows: Sales ($385,000) - Variable Costs ($250,000) - Fixed Costs ($94,000) = $41,000.

Under the first alternative, management plans to increase the selling price by 10% without any changes in total variable costs or units sold.

So the new sales figure will be $385,000 + 10% of $385,000 = $423,500.

The net income then becomes: New Sales ($423,500) - Variable Costs ($250,000) - Fixed Costs ($94,000) = $79,500.

Under the second alternative, management plans to reduce variable costs to 56% of sales.

So, the new variable costs will be 56% of $385,000 = $215,600.

The net income then becomes: Sales ($385,000) - New Variable Costs ($215,600) - Fixed Costs ($94,000) = $75,400.

Comparing the two alternatives, we see that the first alternative, increasing the selling price by 10%, gives a higher net income and should thus be the advisable course of action.

Learn more about Net Income here:

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A company that is based on a direct flow of authority from the top executive to subordinates is known as a ________ organization.

Answers

A company that is based on a direct flow of authority from the top executive to subordinates is known as a Line of Organization. In this type of organization, the decision and authority are structured from the highest position down directly to its subordinates.

Retain the small predictable layers of risk and transfer the unpredictable catastrophic layer of risk. Does this statement promote appropriate risk financing decision making

Answers

Answer:

Yes the statement does

Explanation:

Retaining small predictable layers of risk and transferring the unpredictable catastrophic layer of risk to a more capable body is a very good approach towards promoting appropriate risk financing decision making, this is because

Financial risk decisions are decisions taken between alternatives i.e risks associated with business activities . it is more appropriate to take alternatives with a predictable layer of risk,that way it would be easier for the management to handle the risk associated with it, while transferring the unpredictable catastrophic layer of risk to a more capable body ,like the Insurance companies .

If the money supply exceeds money demand, people will ____ bonds which will cause bond prices to ____ and the nominal interest rate to _____ until money demand equals money supply. A. buy; rise; fall B. sell; fall; fall
C. sell; rise; fall
D. buy; fall; rise

Answers

Answer:

A. buy; rise; fall

Explanation:

As for the provided information, we know,

As the supply of money exceeds the demand people will have more investing power, accordingly people will buy more bonds,

as more and more people will try to buy the bonds the price for bond because of high demand will automatically due to demand and supply proportion will rise,

and then to control the demand of bond, and control the purchase of bond, the nominal interest rate provided on bonds will fall.

Yakov is skilled at making both bracelets and necklaces. Yakov has no preference between making bracelets or necklaces since he earns the same amount from the two activities. If the selling price of necklaces increases from $12 to $24, then Yakov's opportunity cost of making bracelets and making bracelets is now profitable than making necklaces. Suppose that the bracelets market consists of several suppliers like Yakov who are skilled at making both bracelets and necklaces. Which of the following is likely to happen to the supply curve of bracelets when the price of a necklaces increases?a. It shifts to the right
b. It shifts to the left
c. It does not change

Answers

Answer:b. It shifts to the left

Explanation:

The supply will increases as price increases and vice versa. When the price increases and supply also increases the supply curves shifts to the right and when the price decreases and supply equally decreases supply curves shifts to the left.

In the above scenario since bracelet and necklace are exclusive products the sellers will be willing to supply more of necklace since the price has increased and less of bracelet since the price has fallen and the fall in price which leads to fall in supply of bracelet will shift bracelet supply curves to the left.

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On January 1, Merry Walker established a catering service. Listed below are accounts to use for transactions (a) through (f), each identified by a number. Following are the transactions that occurred in Walker's first month of operations. You need to indicate for each transaction the accounts that should be debited and credited by selecting the account number(s). 1. Cash 2. Accounts Receivable 3. Supplies 4. Prepaid Insurance 5. Equipment 6. Truck 7. Notes Payable 8. Accounts Payable 9. Merry Walker, Capital 10. Merry Walker, Drawing 11. Fees Earned 12. Wages Expense 13. Rent Expense 14. Utilities Expense 15. Truck Expense 16. Miscellaneous Expense 17. Insurance Expense

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