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
sammy [17]
3 years ago
8

Fiat money: Group of answer choices has advantages over commodity-backed money. is currency from Italy.can include currency back

ed by gold but not by silver. is currency backed by the gold in Fort Knox.
Business
1 answer:
butalik [34]3 years ago
4 0

The correct answer is A) has advantages over commodity-backed money.

Fiat money has advantages over commodity-backed money.

There was a time when money in the United States was backed by gold. Not any more. Fiat money, as the US dollar is backed by the US government, This is the case in other countries, For instance, the European Union's currency, the Euro, is also fiat money. Governments issue fiat money through their central banks and can exert certain kinds of control on it.

You might be interested in
A company has the following account balances: Sales revenue $2,000,000: Sales Returns and Allowances $250,000: Sales Discounts $
Naily [24]

Answer:

0.25 or 25%

Explanation:

The computation of the gross profit rate is shown below:

Gross profit rate = Gross profit ÷ Net sales revenue

where,

Net sales revenue = Sales revenue - Sales Returns and Allowances - Sales Discounts

= $2,000,000 - $250,000 - $50,000

= $1,700,000

And, the Cost of goods sold is $1,275,000

So, the gross profit is

= $1,700,000 - $1,275,000

= $425,000

So, the gross profit rate is

= $425,000 ÷ $1,700,000

= 0.25 or 25%

6 0
3 years ago
Cobe Company has already manufactured 17,000 units of Product A at a cost of $20 per unit. The 17,000 units can be sold at this
AlexFokin [52]

Answer:

differential analysis:

                         No further process      Process further         Differential

                                                                                                 amount

Sales revenue            $410,000                $1,213,400             $803,400

Production costs     ($340,000)               ($580,000)           ($240,000)

Operating income       $70,000                  $633,400            $563,400

The company should process further and sell products B and C because its operating income will increase by $563,400.

6 0
3 years ago
As the video showed, there are many people who are so concerned about the viability of banks, and indeed the entire financial sy
sergeinik [125]
Hard question thx for the points give me brainlest points plz
6 0
3 years ago
Budgeted performance is a better criterion than past performance for judging​ managers." do you​ agree? why?
eimsori [14]
Not really, the budgeted performance is like an expectation of a work, which is still uncertain until the result comes, in other words, an opinion on a work; while the past performance was the fact, which came from the employee's work in the past few months. To judge the fact is better than an uncertain picture.
3 0
3 years ago
What should you enter in a cell to find the difference between 9 and 5?
sashaice [31]

= (9-5)

When you hit enter, it will give you the value of 4.

4 0
3 years ago
Read 2 more answers
Other questions:
  • What is the best reason for why someone would want to
    11·1 answer
  • the dill family home has a replacement cost of 125000, and the carry 80000 worth of insurance. in the event of a 50000 loss due
    13·1 answer
  • Throughout the entire semester, you were trained to relate expenses to the revenues generated in the same accounting period. Dif
    13·1 answer
  • Managers can achieve effective cross-cultural interaction by ________.
    14·1 answer
  • PERT and CPM
    10·1 answer
  • How do adjustments affect financial results? (You may select more than one answer. Single click the box with the question mark t
    13·1 answer
  • Suppose that the market demand curve for bean sprouts is given by P = 1,660 - 4Q, where P is the price and Q is total industry o
    15·1 answer
  • A good leader should have a positive outlook. Please select the best answer from the choices provided OT F​
    14·2 answers
  • Drawing a vertical line from the profit-maximizing output on horizontal axis to the demand curve represents the:_______
    13·1 answer
  • Your manager ask you to get details on a computer crash <br> what windows application could you use
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!