1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex Ar [27]
3 years ago
13

What must two people who want to trade with each other have in a barter economy?

Business
1 answer:
sergiy2304 [10]3 years ago
4 0

Answer:

Mutual coincidence of wants

Explanation:

For barter to occur between two parties, both parties need to have what the other wants.

Hope this helps

You might be interested in
Under which model of oligopoly are firms more likely to engage in a price war, driving down prices to marginal cost and resultin
madam [21]

Answer:

The price leardership model of oligopoly

6 0
3 years ago
During the current year ending on December 31, BSP Company completed the following transactions:a.On January 1, purchased a pate
Mariana [72]

Answer:

A. Patent = 28000 / 7 years = 4000

B. Goodwill = Indefinite life, so amortization is zero

C. Leasehold improvements = Construction is done on 31 December hence no depreciation for the current year

D. Ordinary repairs and maintenance = Revenue expenditure, so no depreciation

E. Machine A = Already recorded depreciation So no additional depredation as it is sold

F. Machine B (31000 - 7000) / 15 year = 1600

5 0
3 years ago
Mark is interested in becoming a bio
maxonik [38]

Answer:

ok

Explanation:

4 0
3 years ago
At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts:
kvv77 [185]

Answer:

    Cash                                                  Accounts receivable

    debit              credit                          debit              credit

    42,000                                              25,000

c.  140,000                                       a.   185,000

d.                        120,000                 <u>c.                         140,000</u>  

<u>e.                        31,400   </u>                      70,000

    30,600

    Service revenue                               Accounts payable

    debit              credit                          debit              credit

a.                         185,000                                            8,400

    <u>185,000                       </u>                b.                        45,800

       0                     0                        <u>e.   31,400                      </u>

                                                                                    22,800

    Common stock                                 Retained earnings

    debit              credit                          debit              credit

   <u>                        24,000</u>                                              34,600

                           24,000                  f.   10,000

                                                              <u>                        19,200</u>

                                                                                      43,800

    Operating expenses                        Salaries expenses

    debit              credit                          debit              credit

b.  45,800                                         d.  120,000                  

<u>                            45,800</u>                       <u>                      120,000</u>

       0                      0                                  0                    0                      

in order to determine the balance of the retained earnings account at the end of the year, we must first close all the temporary accounts:

Dr Service revenue 185,000

    Cr Income summary 185,000

Dr Income summary 165,800

    Cr Operating expenses 45,800

    Cr Salaries expense 120,000

Dr Income summary 19,200

    Cr Retained earnings 19,200

6 0
3 years ago
A magazine company's Unearned Revenue account had a balance of $12,700 on January 1, 2013. On December 31, 2013, as part of the
crimeas [40]

Answer:

The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

Explanation:

Let cash received from customers be x :

$12,700 + x - $14,800 = $12,300

                                  x = $14,400

Therefore, The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

8 0
3 years ago
Other questions:
  • The set of business activities that add value to the end product is referred to as __________, in which information flows throug
    13·1 answer
  • In a product modification _______. an existing product s taste, texture, sound, smell, or appearance is usually altered the new
    5·1 answer
  • Select the correct answer from the drop-down menu. You are invited to your company’s special team lunch. would be the most appro
    9·1 answer
  • Sparkman Co. filed a bankruptcy petition and liquidated its noncash assets. Sparkman was paying forty cents on the dollar for un
    13·1 answer
  • What was the most important benefit of the UNDP-IKEA program for the women who were part of it
    15·1 answer
  • If a company uses straight-line depreciation, the annual average investment can be calculated as: (Check all that apply.)
    8·1 answer
  • Advertisement: Our competitors' computer salespeople are paid according to the value of the products they sell, so they have a f
    13·1 answer
  • You manage inventory as per the Economic Order Quantity (EOQ) model. However, you realize that you incorrectly specified the fix
    11·1 answer
  • The common stock of Federal Logistics is selling for $57.56 per share. The company pays a constant annual dividend and has a tot
    5·1 answer
  • Neha and Teresa are roommates. They spend most of their time studying (of course), but they leave some time for their favorite a
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!