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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.

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The simplicity of the metric system lies in the relationship of the expression of quantity (how much) based on the number ? .
Westkost [7]
The metric system is based on the number 10 so that in linear measurement, there is a mm, a cm a metre and a kilometer such that10mm = 1cm and 100 cm = 1 metre and 1000 metres = 1 kilometre. In volume, there is the ml and the litre such that 1000ml=1litre and with grams and kilograms, 1000 grams = 1 kilogram. 
7 0
3 years ago
At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000.
pychu [463]

Answer:At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $416 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for these transactions. View transaction list 1 Record the estimated bad debts expense. 2 Wrote off P. Park's account as uncollectible. 3 Reinstated Park's previously written off account 4 Record the cash received on account. Credit Note :· journal entry has been entered Record entry Clear entry View general journal

7 0
2 years ago
Habib withdrew $100,000 from his bank account paying 5% interest to purchase equipment for his construction company. If Habib ea
daser333 [38]

Answer:

$5,000

Explanation:

Given that,

Accounting profit = $10,000

Interest rate = 5%

Amount withdraw = $100,000

The economic profit is calculated by subtracting implicit costs and explicit costs from the total revenue.

Accounting profit is determined by subtracting explicit costs from the total revenue.

Accounting profit = Total revenue - Explicit costs

Economic profit:

= (Total revenue - Explicit costs) - Implicit costs

= $10,000 - (Interest income)

= $10,000 - (5% × $100,000)

= $10,000 - $5,000

= $5,000

6 0
4 years ago
What is the first step in effective time management
GREYUIT [131]

Answer:

The answer is Planning ahead.

Did some research :)

Planning your day ahead is the first and most crucial step towards effective time management. Because each hour you spend planning saves you 10 hours of doing. So, instead of jumping into your workday with no clear vision, devote some time to time management: think ahead of the activities you need to engage in.

3 0
4 years ago
I'LL GIVE BRAINLIST!!!! AND 50 POINTS!!!!
den301095 [7]

the value of accomplishment, success, or reaching your work goals *achievement*

how much you value your surrounding work environment and your level of activity, independence, pay, and security

*comfort*

the value of social service, or having moral values in your work

*altruism*

your level of self-independence and creativity to do your job the way you would like to do it

*autonomy*

how much you value advancement in the company and the social status you get from your job

*status*

how much you value a company’s policies and procedures, and supervision of the actions of other employees

*safety*

Im 100% correct

8 0
3 years ago
Read 2 more answers
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