The Amount of Revenue That SOP 97-2 Would Require That

question 125

Multiple Choice

The amount of revenue that SOP 97-2 would require that Sullivan attribute to the software program (as opposed to the technical support) is:

• A)$450.
• B)$475.
• C)$432.
• D)$400.Per SOP 97-2, base on relative fair values, so amount attributable to the program is ($475 / {$475 + $75}) $500 = $432

Analyze the effects of inflation, deflation, and stagflation on the economic environment.

Differentiate between various types of unemployment and their causes.

Calculate changes in price levels and understand their impact on the economy.

Recognize the components of the labor force and the calculation of unemployment rates.

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Definitions:

Commodity Money

Money that has intrinsic value because it is made of a commodity with its own value, such as gold or silver.

Intrinsic Value

The inherent or true value of an asset, investment, or company, based on underlying perception of its true value including all aspects of the business.

First Bankers

This refers to individuals or institutions that were among the earliest to engage in banking activities, such as accepting deposits and making loans.

Goldsmiths

Historically, craftsmen who made objects out of gold, but in financial history, they are known for keeping gold deposits and issuing paper bank notes redeemable for gold.