A gold standard ensures a long-run tendency toward price stability because the cost of producing an ounce of gold stays relatively constant overtime.
What is a gold standard?A gold standard is the system, abandoned in the Depression of the 1930s, by which the value of a currency was defined in terms of gold, for which the currency could be exchanged.
Therefore, the correct answer is the cost of producing an ounce of gold stays relatively constant overtime.
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Two common measures of the overall level of prices are.
Two further indicators of the general level of prices are the GDP deflator and the consumer price index.
What do you mean by price level?The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level refers to the cost or price of a good, service, or security in the market.
Price level indicators track changes over time and indicate the overall level of pricing for goods and services in an economy.
The Consumer Price Index (CPI), The GDP deflator, and Producer Price Indexis the three main price level indicators that economists and policymakers frequently cite (PPI).
Therefore, the aforementioned are some of the usual indicators of price level changes.
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Hansel just bought 100 N95 masks to sell during the pandemic. Hansel realizes he doesn’t have enough and calls Gretel on the phone to see if she has any extra. Hansel offers to pay Gretel $500 if Gretel sends him 50 N95 masks within 48 hours. Gretel needs the money, so she promises to send Hansel the 50 masks within 24 hours. Please explain what type of contract was created, if any?
Does it matter that all of the interaction between Hansel and Gretel occurred through cell phone conversations and voice mail? [Clearly state ”Yes” or “No”] Why or why not? Please explain any relevant contract principle(s) in your answer.
Answer:
There is no specific type of contract to define this agreement, as it was a verbal acceptance. And yes, there is a difference in the use of cellphone and voicemail as there would be a time difference. Please give brainliest.
This arrangement had verbal acceptance , hence there is no particular kind of document to describe it. As there would be a time gap, using a cellphone and voicemail do differ from one another.
What is verbal acceptance?A verbal contract, which is sometimes referred to as an oral contract or parol contract, is an agreement reached between two or more persons using the spoken word. Parol is to vocally communicate or provide something.
Even without written words, actions can be used to verify verbal agreements. Any oral agreement to provide a service is a legally binding contract. However, some agreements must be in writing and if they are not, they are not legally binding.
Just like a written offer, an unconditional verbal offer becomes enforceable and legally binding upon acceptance. However, some offers, including those made in the sale or purchase of real estate, must be made in writing.
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Andrew needs yo save $500 to attend a soccer tournament im three months. He should set a ___ goal in order to save the money
A) long-term
B) medium-term
C)short-term
D) unrealistic
Answer:
Andrew should set a short-term goal since a short-term goal is a goal that needs to be achieved in less than a year and he needs to save $500 in three months.
Andrew needs to save $500 to attend a soccer tournament in three months. He should set short-term goals in order to save money.
What is money?
Money is a trade good accepted by general consent as a medium of economic conversation. It is the medium in which prices and values are expressed. It flows from person to person and country to country, making trade, and it is the debt measure of wealth. Money is any good that is widely used and accepted in written accounts involving the transfer of goods and divine service from one person to another.
Your immediate objectives should be to create a budget, pay down debt, and develop an emergency fund. You may learn how to budget using a variety of free online programs. It's crucial to begin considering debt reduction once you've created a budget.
Financial short-term objectives help you build the foundation and confidence you'll need to accomplish longer-term, more ambitious goals. In as little as a year, it should be possible to complete these initial steps: Set a spending limit and adhere to it. Establish reserve money.
Therefore, Thus, option (C) is correct.
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you are executing an indirect activity allocation. what do you post to the sender and receiver?
If you are executing an indirect activity allocation. what you post to the sender and receiver is: You post the quantity and cost to both the sender and receiver.
What is Indirect activity allocation?
Indirect activity allocation can be defined as the way in which activities that are share or allocated.
Based on the given scenario when making use of indirect activity allocation you post the quantity and cost to the sender as well as the receiver.
Therefore quantity and cost are posted to the sender and receiver.
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according to the menu cost theory, firms will be slow in changing their prices because:
According to the menu cost the firms would be slow to changing prices because .the cost of changing the price might exceed the additional profit the price change would generate.
What is the menu cost theory?This is the theory in the field of economics that helps to ensure the reflection of the effect of the change in price to an establishment.
According to this theory, the the cost of changing the price might exceed the additional profit the price change would generate.
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In any collaboration, data ownership is typically determined by:
In any collaboration, data ownership is typically determined by the source of fundings that is used in the collaboration.
What is funding?Fund includes money given for a particular project. It can be donation from organizations or individual support towards a project.
Access to data can be determined by funding as some affiliations give access to researchers.
Therefore, In any collaboration, data ownership is typically determined by the source of fundings that is used in the collaboration.
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Cheng is a district manager for a health insurance company. recent reports indicated that cheng's district was not performing as well as other districts in his region. cheng thinks he has been a poor leader and blames himself for the decline in performance in his district. cheng's view of the situation is an example of:_________.
a) tolerance of failure.
b) low self-esteem.
c) need for affiliation.
d) external locus of control.
e) internal locus of control.
(B) is correct i.e. low of self esteem.
Self esteem means confidence in oneself, its overall your opinion what to do, what is your interest, what do you think about your abilities, & what are you limitations.District Manager, this is such a renowned position which requires a lot of self- confidence, good communication, leadership and many more. Here Cheng's point of view is very negative, he is full of low confidence in himself , don't have patience and leadership quality so that he can manage the situation in the district. From my point of view blaming yourself can't be the solution of it.Cheng's should have that much confidence in himself than only he can manage the situation & can bring his district over the other.Learn more about this here-
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Wealth is redistributed from creditors to debtors when inflation is a. unexpectedly low. b. unexpectedly high. c. low, whether it is expected or not. d. high, whether it is expected or not.
Wealth is redistributed from creditors to debtors when inflation is unexpectedly high.
What is inflation?Inflation is when there is a persistent rise in the general price levels of goods and services. When inflation is unexpectedly high, the inflation is not priced into the amount of interest that a creditor expects from a debtor. This leads to wealth been redistributed from creditors to debtors.
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which sentence best completes the diagram -
the federal reserve decreases the discount rate
The appropriate answer to the given question is option A bank decreases their bank rate.
What is a federal reserve?The Federal Reserve is the nation's central bank. The Fed oversees the biggest banks in the country, sets monetary policy, and offers financial support to the federal government of the United States.
The complete part of the question is attached in the image below:
The rate at which the Federal Reserve loans to commercial banks is known as the discount rate. Commercial banks, on the other hand, are compelled to alter their pricing in the direction of the discount rate in order to maintain a profit.
Hence option A is correct.
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When gas prices are $2.73 per gallon, the annual supply for gas in New York State is 135 billion gallons and the annual
demand is 141 billion gallons. When the price increases to $3.26 per gallon, the annual supply increases to 147 billion gallons and the
demand decreases to 137 billion gallons.
(a) Assuming that the supply and demand equations are linear, Ofind the supply and demand equations.
Supply Equation p =
Demand Equation p =
Note: The equations should be in the form p = mq + b where p denotes the price (in dollars) and q denotes the quantity (in billions).
The slope and y-intercept should include 3 decimal places, or be left as fractions.
(b) Find the market price and quantity.
market price p =
market quantity q =
Note: The market price and quantity should include 3 decimal places (or left as fractions), and the market price should include a dollar
sign.
The supply equation is p = 0.044q - 3.21.
How to compute the supply equation?The supply will be:
p = mq + b
2.73 = 135m + b
3.26 = 147m + b
Subtract both equations
12m = 0.53
m = 0.53/12
m = 0.044
We'll substitute it and this will be:
2.73 = 135m + b
2.73 = 135(0.044) + b
2.73 = 5.94 + b
b = -5.94 + 2.73 = -3.21
The supply equation will be
p = mq + b
p = 0.044q - 3.21
The demand equation will be:
2.73 = 141m + b
3.26 = 137m + b
Subtract the equations
4m = -0.53
m = -0.1325
2.73 = 141m + b
2.73 = 141(-0.1325) + b
b = 2.73 + 18.68
b = 21.41
The demand equation will be
p = -0.1325q + 21.41.
The equilibrium condition will be:
0.044q - 3.21 = -0.1325q + 21.41.
0.044q + 0.1325q = 21.41 + 3.21
0.1765q = 24.62
q = 140
Equilibrium quantity = 140
The market price will be:
p = 0.044q - 3.21
p = 0.044(140) - 3.21
p = 2.95
The market price is 2.95.
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When there is a single point of failure, companies can correct the problem by having:
When there is a single point of failure, companies can correct the problem by having: team members share their tasks when any member becomes overloaded.
What is team member?
Team member can be defined a group of people that comes together so as to achieve their tasks or set goals.
Based on the scenario what the company should do into to correct the problems is to ensures that team member shares their work when any member of the teams has overloaded tasks to complete.
Therefore the team members should share their tasks.
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Describe how you have worked with another person to achieve a goal. Describe a situation, your actions, and the outcome.
To achieve an objective working in a team it is necessary that this team is integrated, where each member can contribute with ideas and knowledge.
There are also several tools and methods for teams to use to achieve organizational goals, such as using SMART Goals.
What is SMART Goals?It is a technique used to direct actions to achieve objectives and goals, the word SMART being an acronym for each factor that must be followed to achieve the goals, which are:
SpecificMeasurableAchievableRelevantTime-boundTherefore, to achieve objectives and goals working as a team, it is essential that the work is planned, directed and well structured to be successful.
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Compared to coffee, we would expect the cross elasticity of demand for: Group of answer choices tea to be positive, but negative for cream. tea to be negative, but positive for cream. both tea and cream to be negative. both tea and cream to be positive.
Tea to be negative, but positive for cream is the cross elasticity of demand as compared to the coffee.
What is cross elasticity demand?When the price of one of the items varies, the cross elasticity of demand analyzes the link between the two. It illustrates how the relative shift in demand for one good changes as the cost of the other increases or decreases.
Thus, option B is correct.
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On January 1, a company's allowance for doubtful accounts had a credit balance of $21,000. During the year, it had net credit sales of $800,000 and it had $25,000 of uncollectible accounts receivable that were written off. Past experience indicates that the allowance should be 8% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 is $300,000, what is the bad debt expense for the year
Based on the percentage of the receivables that go to the allowance account and the accounts receivable balance, the bad debt expense is $24,000.
How can the bad debt expense be found?This is found as:
= (Accounts receivable balance x Percentage of receivables ) + (Amount written off - Credit balance on allowance account)
Solving gives:
= (300,000 x 8%) + (25,000 - 21,000)
= 24,000 + 4,000
= $28,000
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Bad expense is estimated by the aging-of-receivables method. Management estimates that $2,950 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad debts.
Disclaimer
The question is incomplete and the complete question is shown below
The following information is from the records of Pangolin Camera Shop: Bad expense is estimated by the aging-of-receivables method. Management estimates that $2,950 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad debts. Supporting Materials / Group of answer choices $22,950 $22,050 $21,150 $20,800
The net account receivable is $22,050
The computation of the net account receivable after the adjustment of bad debt is shown below:
Given that bad debt expense is $2950
As we know that
Net account receivable = Account receivable - bad debt expense
= $25,000 - $2,950
= $22,050
By deducting the bad debt expense from the account receivable we can get the net account receivable and the same is to be considered.
The net amount receivable is $22,050
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Why would a company debit Interest Receivable? Multiple choice question. It paid interest for amounts incurred in an earlier accounting period. It received an interest payment for amounts accrued in an earlier accounting period. It owes interest on its notes payable which will be paid in a later accounting period. It generated interest on its notes receivable which will be collected in a later accounting period.
It generated interest on its notes receivable which will be collected in a later accounting period.
What are debit interest receivables?The entry is a debit to the cash account and a credit to the interest receivable account when the actual interest payment is received, which eliminates the balance in the interest receivable account.What is the accounting period?In bookkeeping, the time frame for which management accounts and financial statements are created is known as an accounting period. The accounting period in management accounting varies greatly and is chosen by management. Accounting periods are frequently monthly.The honored note is recorded by debiting cash for the amount paid by the customer, crediting notes receivable for the note's principal amount, and crediting interest revenue for the interest generated, presuming no adjustment entries have been made to accumulate interest income.Therefore, a company will debit interest receivable because It generated interest on its notes receivable which will be collected in a later accounting period.
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In a brief statement, in your own words, please describe why you are an ideal candidate for this position. (retail store)
(lengthy but not too lengthy)
In a retail store, a candidate will be considered as an ideal who has good and effctive communication skills with customer handling.
What is the retail store?Retail stores are referred to as brick-and-mortar stores where there are commodities present in small quantities and where there is direct interaction with customers takes place.
Retail sales often require dealing with consumers and developing connections with them, therefore an ideal candidate should be personable and outgoing so that he can interact with the customers and their queries.
Retail sales entail talking with customers, answering their inquiries, and addressing any issues they may have. Because retail sales can be fast-paced and unpredictable, an ideal candidate should have strong problem-solving abilities.
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_________________ are used when third parties (persons other than the client) have knowledge of some aspect of a financial or non-financial matter and can be asked to provide this information. group of answer choices b. engagement letters c. subpoenas d. grand juries a. confirmations
Confirmations are used when third parties (persons other than the client) have knowledge of some aspect of a financial or non-financial matter and can be asked to provide this information.
Who is a third party?A third party is someone who is not one of the main people involved in a business agreement or legal case, but who is involved in it in a minor role.
Therefore, the correct answer is option A. confirmation.
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Marketers conduct marketing research primarily to:
Marketers conduct marketing research primarily to to understand or examine the market associated with a particular product.
Who are Marketers?Marketers can be regarded as those people that help in promoting a product so that the potential customers can be convinced and make a purchase.
They help to describe how the audience will react with respect to product or service and study the market very well.
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discretionary fiscal policy is a fiscal policy action, such as Group of answer choices an increase in payments to the unemployed, initiated by the state of the economy. a decrease in tax receipts, initiated by the state of the economy. an increase in the quantity of money. a tax cut, initiated by an act of Congress. an interest rate cut, initiated by an act of Congress.
Discretionary fiscal policy is a fiscal policy action, such as a tax cut, initiated by an act of Congress.
What is discretionary fiscal policy?Discretionary fiscal policy is a policy in which government uses taxation and spending to influence aggregate demand.
They are deliberate government policies to increase or decrease government spending or taxation inorder to control the economy optimally.
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The emergency room fee related to an injury incurred by the Blairs' adult son, Eric, during a visit to their home. The Blairs graciously paid the bill; however, they provided no other support for Eric during the year. For 2022 Eric earned $18,000 as a self-employed house painter. Assuming the Blairs' adjusted gross income was $30,000, what amount of medical expenses can the Blairs deduct as an itemized deduction for 2022
The amount of medical expenses that the Blairs can deduct as an itemized deduction for 2022 will be $900.
How to calculate the amount?From the given information, the total expenses was $3150 and there is an exceed of 7.5% if the adjusted gross income.
Therefore, the amount that will be deducted will be:
= $3150 - $2250
= $900
In conclusion, the correct option is $900.
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Since 1960, the earnings gap between men and women in the U.S. labor market has steadily risen. been completely eliminated. continued to narrow. increased throughout the 1970s.
Since 1960, the earnings gap between men and women in the U.S. labor market has continued to narrow.
What is Gap between Men and Women in the U.S. labor market ?
According to the U.S. Census Bureau, women working full time in 1960 earned about 60 cents for every dollar earned by men—the number cited by President Kennedy in signing the Equal Pay Act.
In 1963, women who worked full-time, year-round made 59 cents on average for every dollar earned by men.
The last fifty years of women’s social and economic progress have been lauded as the “grand gender convergence,” the “second demographic transition,” and the “rise of women”—terms pointing to the remarkable transformation in women’s social and economic roles since the 1960s. Many metrics document these changes.
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A company is targeting its marketing by running an advertising campaign showing a hmong family celebrating its traditions during the 4th of july holiday. The ad campaign features the company products being used by the children. What area of consumer decision influence is the marketing campaign using?.
The area of the consumer decision that is being used by this company is the target of American culture, an ethnic subculture, and family.
What is consumer decision?This is the term that is used to refer to the decisions that are being made by people in the consumption of goods and services.
People make these decisions based on their families, their culture and the area that they find themselves.
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Your goals tend to set the tone for your investment program, and they play a major role in determining how conservative or aggressive you're likely to be in making investment decisions. Group of answer choices True False
The given statement is true, that the goals set the tone for any investment program and help to determine how conservative or aggressive, the person is likely to be making the investment decisions.
What is the investment decision?
Mainly, the Investors and investment managers execute investment decisions. These decisions are based on the disclosure of investigation tools that are based on data about the establishments. The goals are made to set the tone for any investment program.
Investors oftentimes conduct investment analysis using fundamental analysis, technical analysis, and it also helps to determine how conservative or aggressive the person making the investment decisions.
Therefore, the given statement is true.
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When an employer's contribution is used to buy stock in the company for its employees, it has a: A) 401(k) plan. B) Money-purchase plan. C) Profit-sharing plan. D) Salary-reduction plan. E) Stock bonus plan.
When an employer's contribution is used to buy stock in the company for its employees, it has a 401(K) plan. Thus option (A) is correct.
What is 401(K) plan?It is an retirement provided to all the employees by the employers which is also an investment plan. Employees receive a tax credit on their contributions to a 401(k) plan.
Automatic contributions are taken out of employees' paychecks and invested in funds of their choosing.
A 401(K) plan exists when an employer's contribution is utilized to purchase company stock for its employees. As a result, choice (A) is right.
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According to the situational leadership theory, if followers are unable and willing to do a task, then a leader needs to ________. A. follow a supportive style B. engage in participative leadership C. refrain from providing too many inputs D. display high task and relationship orientation E. demonstrate high task and low relationship orientation
The situational leadership theory asserts that a leader needs to display high task and relationship orientation when the followers are unable and willing to do a task.
What is a situational leadership theory?This theory of leadership sees that no leadership style is best and rather deployed strategy that are best-suited to the task.
Hence, the theory is one that asserts that a leader needs to display high task and relationship orientation when the followers are unable and willing to do a task.
Therefore, the Option D is correct.
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Describe the 5 economic resource categories??
Answer:
there are three categories of economic resources National resources human resources and capital goods
The intended effect of an expansionary monetary policy is that aggregate demand: remains unchanged while the economy's long-run potential growth rate increases. increases, raising inflation and real GDP growth in both the short run and the long run. increases, raising inflation and real GDP growth in the short run, but only inflation rises in the long run. increases, raising real GDP growth only in the long run.
The intended effect of an expansionary monetary policy is that aggregate demand : increases, raising real GDP growth in the short run, but only inflation rises in the long run.
What is expansionary Monetary Policy ?
Expansionary Monetary Policy (Quantitative Easing) involves an increase in the money supply in order to lower interest rates and increase Consumption and Investment.
A monetary policy that lowers interest rates and stimulates borrowing is known as an expansionary monetary policy or loose monetary policy. Conversely, a monetary policy that raises interest rates and reduces borrowing in the economy is a contractionary monetary policy or tight monetary policy.
They believe that expansionary monetary policy increases the supply of loanable funds available through the banking system, causing interest rates to fall. With lower interest rates, aggregate expenditures on investment and interest‐sensitive consumption goods usually increase, causing real GDP to rise.
What is GDP growth rate?The annual average rate of change of the gross domestic product (GDP) at market prices based on constant local currency, for a given national economy, during a specified period of time. It is a measure of the value of all final goods and services produced in a period.
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S Corporation makes 43,000 motors to be used in the production of its sewing machines. The average cost per motor at this level of activity is: Direct materials $ 10.20 Direct labor $ 9.20 Variable manufacturing overhead $ 3.80 Fixed manufacturing overhead $ 4.75 An outside supplier recently began producing a comparable motor that could be used in the sewing machine. The price offered to S Corporation for this motor is $26.05. If S Corporation decides not to make the motors, there would be no other use for the production facilities and none of the fixed manufacturing overhead cost could be avoided. Direct labor is a variable cost in this company. The annual financial advantage (disadvantage) for the company as a result of making the motors rather than buying them from the outside supplier would be:
The annual financial advantage is $438,600.
What is Variable manufacturing overhead?The running expenses of a business that change according to the volume of sales or production are known as variable overhead. Variable overhead goes along with changes in production output.What is Fixed manufacturing overhead?The real cost of manufacturing is incurred and is unaffected by variations in production volume. Examples include real estate taxes, rent, equipment, and building depreciation, as well as the salary of manufacturing managers.What is Variable cost?An expense for the company that varies according to how much is produced or sold is called a variable cost. Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.Solution -To find the annual financial advantage divide Cost of Making Cost of Buying Increase by the Decrease in Income Direct materials.
Cost of Making Cost of Buying Increase / the Decrease in Income Direct materials.
43000 / 10.2 = 438,600
Therefore, the annual financial advantage is $438,600.
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how would it help the company where you worked to maximize profits if you received advanced training
If i received advanced training the company would benefit and have more profits because less people will be needed to be employed as a result of my professionalism.
What is the benefit of advanced training?Advance training are those training that can improve ones knowledge in the field of work.
However, undergoing this training especially in the financial sector can help the trainee to be able to use the knowledge to maximize the profit such as getting some certification in financial field.
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