Answer: A. Dollars are printed on paper and have value because the government says they have value.
Explanation: Commodity backed money is a situation where by the value of money is backed up by its purchasing power with which it can be traded with at request. The supply of many can not be more than the purchasing power the country holds.
Answer:
a gain for 6,000 dollar will be recognized
the new bonds basis will be of 22,000
Explanation:
Total proceeds from the sale:
22,000 in bonds plus 3,000 cash for a total of 25,000
The basis of the bond gifted was 19,000
Therefore, there is a realzied gain on sale for the difference which is 6,000 dollars.
The new bonds are worth 22,000 therefore their basis will be of 2,,000 dollars
Answer:
a.The ending work in process inventory is $ 146,575
Explanation:
To determine the ending work in process inventory, we need to do the following computations:
No of units in ending inventory 22,000 units
Material cost in ending inventory
22,000 units * 100 % (completion) * $ 2.65 $ 58,300
Conversion costs in ending inventory
22,000 units * 75 % (completion) * $ 5.35 <u> $ 88,275</u>
Total value of Ending work in process inventory <u> $ 146,575</u>
The type of business that the uncle is said to have would be described as an entrepreneurial business.
<h3>What is an entrepreneurship?</h3>
This is used to refer to the business that is owned by a single person. This person is called the entrepreneur who gets to enjoy either the profit or the loss that may occur in the business that he is operating.
The question says that the uncle has a chain of these businesses across three states, we can say that the uncle is an entrepreneur.
Read more on entrepreneurship here: brainly.com/question/353543
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The Mexico NAFTA members benefited the most from this free trade agreement by securing preferential treatment for 80% of its exports.
NAFTA grow to be a landmark opportunity deal between Canada, Mexico, and America that took impact in 1994. It contributed to an explosion of exchange between the three nations and the mixture of their economies however have become criticized inside the united states of America. for contributing to process losses and outsourcing.
The correct solution is A) China. The North American unfastened change agreement, moreover called NAFTA, got here under pressure in 1994 and its crucial aim turned into selling, creating, and facilitating forex amongst Mexico, Canada, and the USA. consequently, China modified into now not protected in it.
U.S. farm exports to Canada and Mexico quadrupled from $eleven billion in 1993 to $ 40-three billion in 2016. 20 It made up 25% of usual meal exports and supported 20 million jobs. This change leveraged another $ fifty-four. 6 billion in enterprise funding. NAFTA improved farm exports because it eliminated immoderate Mexican price lists.
Learn more about NAFTA here brainly.com/question/27372794
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