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kati45 [8]
3 years ago
9

The newly discovered island of Mogran is in the process of setting up a new country and establishing a monetary system. The Mogr

an people start talking about the currency they would like to create.
The first proposal is to issue the Mogran Moola (their new currency) in only 3 denominations of paper bills (100, 500 and 1000 Moolas) but no coinage. In order to save time and resources they will print their currency on a heavy stock cardboard.

The bills will be about the size of a business card so that the Mogran people will be able to easily carry it with them in their wallets.

Why will the Mooola not function as a medium of exchange?
Business
1 answer:
Yanka [14]3 years ago
3 0

Answer and explanation:

The characteristic of money as a medium of exchange implies the parties involved in a transaction have currencies that <em>facilitates the economical trade</em>. Besides having uncomfortable cardboard presentations, Mogran's currency does not have a coin system which will make trade impossible for articles of low cost. Thus, the Moola is not achieving the medium of exchange feature of money.

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Activity-based costing uses one plantwide pool and numerous cost drivers departmental pools and a single cost driver. numerous c
kipiarov [429]

Answer:

numerous cost pools and numerous cost drivers

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, one of the most widely used activity-based costing technique is the time-driven activity-based costing.

Time-driven activity-based costing (TDABC) avails business owners the opportunity of reporting their costs on an ongoing basis (real time) which give details about the various cost of doing business, as well as the time spent on them respectively.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

6 0
3 years ago
Diane Manufacturing Company is considering investing $600,000 in new equipment with an estimated useful life of 10 years and no
agasfer [191]

Answer:

Annual estimated net income is $360,00.

Annual estimated net cash inflow is $216,000.

Explanation:

1. Determine the annual estimated net income

Annual estimated net income = Annual cash inflows - Annual cash outflow

Annual estimated net income = $600,000 - $240,000 = $360,00

2. Determine the annual estimated net cash inflow

Annual Tax = Annual estimated net income × Tax rate

Annual Tax = $360,00 × 40% = $144,000.  

Annual estimated net cash inflow = Annual estimated net income - Annual Tax

Annual estimated net cash inflow = $360,00 - $144,000 = $216,000.

Note that depreciation is not considered in the calculation because depreciation not a cash expense.

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3 years ago
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major babineaux hired green acres, a local landscape firm, to plant trees and shrubs in his front yard. the landscape is beautif
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Major's best course of action at this time would be to contact the Better Business Bureau.

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6 0
1 year ago
The fact that we cannot have everything we want is caused by?
Akimi4 [234]
The reason everybody doesn't have what they want is that, i<span>f everybody could </span>have everything<span> they </span>want<span>, whenever they </span>want<span> it, then </span>we<span> wouldn't need economics. Or maybe politics or warfare, either. </span>We<span> could all just sit around playing on top of our endless mountain of toys. But the real world doesn't work quite like that. </span>We can't have<span> it all. </span>We have<span> to make choices. Hope I helped!</span>
6 0
3 years ago
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