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2 years ago

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

1 answer:

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:

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How much federal tax is deducted from the paycheck.

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Answer:

The standard deduction is a specific dollar amount that reduces your taxable income. For the 2021 tax year, the standard deduction is $12,550 for single filers and married filing separately, $25,100 for joint filers and $18,800 for head of household.

Explanation:

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2 years ago

Customer value creation is made possible by __________, the practice of building ties to customers based on a salesperson's atte

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Relationship selling, or the concept of Relations Marketing.

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3 years ago

Two incinerators are being considered by a waste management company. Design A has an initial cost of $2,500,000, has annual oper

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Answer:

Desing A: 23,024,370‬

Desing B: 22,520,274.6

It should purchase desing B as the capitalized cost is lower.

Explanation:

We consider annuity for the overhauls and then, perpetuity to consider this incinerators will last indefinitely.

maintenance cost: 800,000 / 0.05 = 16,000,000

Overhaul:

The company will need to fund 1,250,000 every 5 years. We need to determinate the annuity to obtain this future value:

$FV \div \frac{(1+r)^{time} -1}{rate} = C\\$

PV 1,250,000

time 5

rate 0.05

$1250000 \div \frac{(1+0.05)^{5} -1}{0.05} = C\\$

C $ $ 226,218.498

Then at perpetuity:

$ 226,218.498 / 0.05 = 4,524,370

Desing A capitalized cost:

2,500,000 + 16,000,000 + 4,524,370 = 23,024,370‬

We do the same for Desing B:

investment: 5,750,000

maintenance: 600,000 / 0.05 = 12,000,000

overhaul:

$3000000 \div \frac{1-(1+0.05)^{-10} }{0.05} = C\\$

C $ 238,513.725

238,513.73/0.05 = 4,770,274.6

Capitalized cost: 5,750,000 + 12,000,000 + 4,770,274.6 = 22,520,274.6‬

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4 years ago

A disadvantage of using the Web to communicate with potential customers is that it does not offer the cost savings of mass media

labwork [276]

Answer:

False

Explanation:

Remember, the word mass media encompasses the use of the internet or web to communicate information.

The cost savings of the web sprangs from digital media which is a form of mass media.

Therefore, a company using the Web to communicate with potential customers is achieving cost savings through a form of mass media called the digital media.

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4 years ago

Caroline has been paying her mortgage steadily for fifteen years. She has just received a notice from her lender that the loan d

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Answer: A ballon note

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3 years ago