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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

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It’s important to know whether you’ve paraphrased and cited source material for your paper correctly so you avoid plagiarism. Re
Oksanka [162]

Answer:

The correct answer are: Example of Plagiarism ; Correctly Paraphrased.

Explanation:

Plagiarism is using someone else's work, ideas, or words as if they were their own, without explicitly crediting where the information comes from.

The outside information is owned by another person (such as a car or anything else we own), regardless of whether it is free or not, or in the way we have accessed it (on the Internet, a magazine, a book) . Our words belong to us and cannot be used without our permission.

When paraphrasing, a person performs a paraphrase of a speech, whether oral or written. For this, words, syntax and other elements of the original content must be replaced, always respecting the meaning, so that information is not lost in the process.

4 0
3 years ago
The direct exchange of goods and services for other goods and services is known as
Salsk061 [2.6K]
It is known as Barter
8 0
3 years ago
A merit system of police employment is established when an independent civil service commission, in cooperation with the city pe
Illusion [34]

Answer:

Recruitment criteria.

Explanation:

Recruitment criteria are models used to gauge all up-and-comers and their capacity to play out a vocation. You search principally for the most ideal match between an applicant's information, aptitudes, and capacities and the prerequisites for fruitful presentation of work.

4 0
2 years ago
Identify the accounting​ concept, assumption, or principle that best applies to each of the following​ situations: a. Inflation
lianna [129]

Answer:

The list is follows:

a. Inflation has been abound​ 2.5% for some time. Village Realtors is considering measuring its land values in​ inflation-adjusted amounts - Stable-monetary-unit assumption

b. You get an especially good buy on a laptop​, paying only $ 300$300 when it normally costs $ 800. What is your accounting value for this laptop? - Historical cost principle

c. Burger King​, the restaurant​ chain, sold a store location to McDonald. How can Burger King determine the sale price of the store long dash—by a professional​ appraisal, Burger King​'s original​ cost, or the amount actually received from the​ sale? - Historical cost principle

d. General Motors wants to determine which division of the company long dash—Chevrolet or Cadillac long dash—is more profitable - Entity assumption

6 0
3 years ago
What is the total of tim’s liabilities if he has recorded $50,000 in assets and $40,000 equity on a balance sheet?
miss Akunina [59]

Total assets = Total liabilities + Total stockholders' equity

Total liabilities = Total assets - Total stockholders' equity

Total liabilities = $50,000 - $40,000

Total liabilities = $10,000

Hence, the total of Tim's liabilities is $10,000.

Responsibility is the responsibility of the individual or company and is usually the amount. Debts are settled over time by the transfer of economic interests, including money, goods, or services. The liabilities shown on the right side of the balance sheet include loans, liabilities, mortgages, income receivable, borrowings, guarantees, and accrued expenses.

Liability can be compared to assets. Debt is what you owe or owe. An asset is something you own or owe. In general, liability is an obligation between one party and another that has not yet been exempted or paid. In the accounting world, financial liabilities are also obligatory but are more likely to be defined by past commerce, events, sales, asset or service exchanges, or those that will generate economic benefits in the future.

Learn more about Liability here: brainly.com/question/24534918

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7 0
1 year ago
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