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leva [86]
2 years ago
14

In a remote village, a person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes. for what

purpose did this person use the money?
Business
1 answer:
adelina 88 [10]2 years ago
7 0

The purpose why the person use the money is for medium of exchange.

<h3>What is money?</h3>

Money is a legal tender, approved by the government of a country as a means of exchange. Money is used to pay for services received and also for the purchase of goods.

Characteristics of money are:

  • Store of value
  • Medium of exchange
  • Unit of account

Hence, the purpose why the person use the money is for medium of exchange.

Learn more about money here: brainly.com/question/1812645

#SPJ4

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Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two factories. The company applies factory o
Anvisha [2.4K]

Answer:

Predetermined manufacturing overhead rate= $14.8 per machine hour

Explanation:

Giving the following information:

Factory 1

Estimated factory overhead= $18,500,000  

Estimated machine hours for year 1,250,000

T<u>o calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 18,500,000/1,250,000

Predetermined manufacturing overhead rate= $14.8 per machine hour

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2 years ago
True or False. Your employer is responsible to make contributions, on your behalf, to the Federal Insurance Contributions Act (F
slavikrds [6]

Answer:

True

Explanation:

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5 0
3 years ago
Read 2 more answers
When​ Alex's income increased from ​$2,000 to ​$4,000​, he increased his consumption of bagels from 6 to 10 a month and decrease
Oliga [24]

Answer:

For Bagels = 1.33

For Donuts = -1.33

Explanation:

Using the midpoint method, Alex's percentage change in income is given by the difference in income divided by the average income:

\%I =\frac{\$4,000-\$2,000}{\frac{\$4,000+\$2,000}{2}}\\\%I=66.67\%

Alex's percentage change in demand for both bagels and donuts is given by the difference in the quantity consumed divided by the average consumption:

\%B =\frac{10-6}{\frac{10+6}{2}}\\\%B=50.00\%\\\%D =\frac{9-15}{\frac{15+9}{2}}\\\%D=-50.00\%

Alex's income elasticity of demand for bagels and donuts, respectively, is:

E_B=\frac{\%I}{\%B}=\frac{66.67\%}{50\%} \\E_B=1.33\\\\E_D=\frac{\%I}{\%D}=\frac{66.67\%}{-50\%} \\E_D=-1.33

His income elasticity of demand for bagels is 1.33, while for Donuts it is  -1.33.

6 0
3 years ago
Rauch Incorporated leases a piece of equipment to Donahue Corporation on January 1, 2017. The lease agreement called for annual
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Answer:

PART-1)

Fair value of leased asset to lessor  = 25,000

Minus: PV of un-guaranteed residual value $8,250 X 0.82270  = 6,787

Amount to be recovered through lease payments  = 18,213

Four periodic lease payments ($18,213 /3.72325)  = 4,892

PART-2)

<u>01/01/2017 </u>

Debit: Cash  = 4,892

Credit: Unearned Lease Revenue  = 4,892

<u>12/31/2017</u>

Debit: Unearned Lease Revenue  = 4,892

 Credit: Lease Revenue  = 4,892

<u>12/31/2017</u>

Debit: Depreciation Expense  = 3,333

 Credit: Accumulated Depreciation – Equipment  = 3,333

6 0
3 years ago
Which of the following statements is MOST correct?A. Because the cost of debt is lower than the cost of equity, value-maximizing
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Answer:

B. Corporations that are 100% equity financed will have a much lower weighted average cost of capital because the lack of debt lowers their risk of bankruptcy.

Explanation:

5 0
3 years ago
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