BUSINESS COLLEGE

You decided to buy apples at a grocery store somewhere in the mountains. You buy 5 pounds of apples, which are sold for $1.99/lb. (One pound is the unit of force equal to 0.454 kgx9.80 m/s where g = 9.80 m/s2 is the standard value of the acceleration due to the gravity). You overpaid for the apples, since the value of the acceleration due to the gravity at this mountain location is only gmountain 9.79 mis. Determine how much you overpaid for your 5 pounds of apples.

Answers

Answer 1
Answer:

Answer:

Amount overpaid = $0.0104 (Approx)

Explanation:

Given:

Quantity of apple = 5 lb

Amount paid = $ 1.99 / lb

Gravity on mountain = 9.79 m/s²

Find:

Amount overpaid

Computation:

Actual mass of apple = 5 (9.79/9.80)

Actual mass of apple = 4.9948

Actual amount = 4.9948 × 1.99

Actual amount = $9.9396

Amount overpaid = Amount paid -Actual amount

Amount overpaid = [5 x 1.99] - $9.9396

Amount overpaid = $0.0104 (Approx)

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b. only Pete
c. both Noah and Pete
d. neither Noah nor Pete

Answers

The answer is D.) neither noah or pete

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Answers

Answer: Time period

Explanation:

From the question, we are informed that Johanna recently took over her father's business and she considered changing the date when she records and reports the business' financial results but her accountant advised her not to do this.

The accounting principle that is the basis of the accountant's advice is time period principle. The time period principle states that information regarding a particular transaction shouldn't be changed when it has been reported for at a particular time period.

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Answers

The condition of exchange that is being met when Small describes how his customers choose to purchase his clothes (by evaluating that his brand is environmentally conscientious, whereas most other brands are not) is that each party believes it is appropriate or desirable to deal with the other party.

7. Identifying costs of inflation Shen manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the of inflation.

Answers

Answer:

Shoe-leather Costs.

Explanation:

In Business management, Shoe-leather costs can be defined as the costs of time and effort people take to counteract the effect of high inflation on the depreciative purchasing power of money by visiting banks or other financial institutions regularly in order to limit inflation tax they pay on holding cash.

Metaphorically speaking, in a bid to protect the value of money or assets, people wear out the sole of their shoes by going to the bank regularly.

Hence, Shen is practicing a shoe-leather cost.

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Answers

Explanation:

The journal entries are shown below:

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      To Accounts payable $97,020

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(Being payment is made)

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3. Problems and Applications Q3 Indicate whether each of the following actions represents foreign direct investment or foreign portfolio investment. Foreign Direct Investment Foreign Portfolio Investment Buying bonds issued by a foreign government Opening up a factory in a foreign country True or False: An individual investor is more likely to engage in foreign direct investment than a corporation.

Answers

Answer: Please refer to Explanation

Explanation:

Foreign Direct Investment refers to the establishment of a company in a country by a foreign company or the acquisition of a company by a foreign company. The main thing to note is that the foreign company is involved DIRECTLY in the running of the newly established or acquired company.

Foreign Portfolio Investment however, is investing in another country by means of purchasing shares, bonds or other financial instruments from that country.

Therefore we can then classify the above accordingly,

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Opening up a factory in a foreign country. FOREIGN DIRECT INVESTMENT.

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