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harkovskaia [24]
1 year ago
14

Using money prices to compare relative values of goods and services represents money functioning as a?

Business
1 answer:
nikitadnepr [17]1 year ago
8 0

Using money prices to match relative values of goods and services represents money functioning as a: unit of account.

What is money as unit of account?

As a unit of account, money is the common base of comparison that people use to present prices and record debts. Without a standard unit of account, these tasks would be far more difficult. The third function of cash , as a store useful , is one that we all know well. once you work, you're paid a wage.

What is a unit of account cost?

The unit-of-account costs of inflation are the costs arising from the way inflation makes money a less reliable unit of measurement. Shoe-leather costs are the increased costs of transactions caused by inflation. Menu costs are the important costs of changing listed prices

Learn more about money as unit of account:

brainly.com/question/14292547

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30 is the answer I think
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Suppose the elasticity of demand for your parking lot spaces, which are located in a downtown business district, is –1.8, and th
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Answer:

ELASTIC

DECREASING PRICE

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

The demand for your parking lot spaces is elastic. if the price of parking is reduced, the demand for parking would rise

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3 years ago
Is 5 a composite or prime number
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5 is a prime number
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3 years ago
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The following transactions occurred during July: Received $1,050 cash for services provided to a customer during July. Received
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Answer:

$1,575

Explanation:

We will clasify the item "revenue" or "not":

  1. Received $1,050 cash for services provided to a customer during July -> yes, this is revenue
  2. Received $5,000 cash investment from Bob Johnson :  not revenue
  3. the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June: not revenue for July, but June which was booked in June revenue already
  4. Provided services to a customer on credit, $525: yes, this is July revenue though it's still on account receivable
  5. Borrowed $7,500 from the bank by signing a promissory note: not revenue
  6. Received $1,400 cash from a customer for services to be rendered next year: not July revenue, it's customer advace and might be next year revenue once services are completed

So the amount of revenue for July = Received $1,050 cash for services provided to a customer during July + Provided services to a customer on credit, $525

= $1,050 +$525

=  $1,575

4 0
3 years ago
A partner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm.
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Answer: Option A

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In such a case, the account balance of the partner remains same. It changes in case of dissolution of firm.

Hence the correct option is A.

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3 years ago
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