Rather than a single good for the exchange rate, economists use the concept of ________ as the price base for the exchange rate
A) a pair of shoes
B) the price of a barrel of oil
C) a basket of goods
D) the S&P 500 Index
Answer: C
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A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on June 10 at 15%, the proceeds are
A) $10,115 B) $10,200 C) $10,000 D) $10,030
Which of the following is the first step in the process of creating an internal pay structure?
A. assessing value B. describing competencies C. translating value into pay structure D. job evaluation E. job analysis
Which of the following is NOT a stakeholder?
a. a business competitor. b. shareholders. c. employees. d. customers.
Merchandise Inventory increased $28,000 and Accounts Payable decreased $19,600 during the year
Accounts Payable relates only to the acquisition of merchandise inventory. Sales were $796,000 and Cost of Goods Sold was $549,700. Compute the payment made to the suppliers. A) $577,700 B) $569,300 C) $597,300 D) $47,600