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4 years ago

Which function(s) of money informs the consumer what currency to use to obtain a good or service?

Business

2 answers:

insens350 [35]4 years ago

5 0

Answer:

Unit of Account

Explanation:

inna [77]4 years ago

4 0

The third function explains that money is a medium of exchange. It means that it is better to use the money used in the country itself to gain better service because it would provide better protection. Costumers would be more satisfied if the business would accept the money they have and it would be safer and mutually good for both if the customer would transact using the currency country's currency.

Source: https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-9-functions-of-money

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Penn Company has a division that manufactures a component that sells for $ 50 and has variable costs of $ 25 and fixed costs of

Tatiana [17]

Answer:

C. $35

Explanation:

Given;

Selling price of the manufactured component = $ 50

Variable costs of production = $ 25

Fixed costs of Production = $ 10

If the component is to be sold to another division, the minimum sales price is equivalent to the total production cost of the transferring division

= $ 25 + $ 10

= $ 35

The minimum transfer price if the division is operating at capacity is $35.

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3 years ago

In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company

Wewaii [24]

Answer:

The Matching principle.

Explanation:

Matching principle is the accounting principle that requires that the expenses incurred during a period should be recorded in the same period in which the related revenues are earned. This principle recognizes that businesses must incur expenses to earn revenues. The principle is at the core of the accrual basis of accounting and adjusting entries.

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4 years ago

Annika Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A

wariber [46]

Answer:

$18.15

Explanation:

Activity based costing is a costing techniques used to assign cost in management account to the various units of a company the estimated activity level in the departments as a basis for cost apportionment or allocation.

Given that

Cost Pool Total Cost Product A Product B Total Activity

Activity 1 $ 18,000 700 300 1,000

Activity 2 $ 24,000 500 100 600

Activity 3 $ 60,000 800 400 1,200

The total cost for product A

= 700/1000 * $18,000 + 500/600 * $24,000 + 800/1200 * $60000

= $12,600 + $20,000 + 40,000

= $72,600

Total units for A = 4000 units

cost per unit of Product A is closest to

= $72,600/4000

= $18.15

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3 years ago

Which of the following is an example of a service business?

Sunny_sXe [5.5K]

Answer:

Which of the following is an example of a service business?

Enterprise Rent-a-Car

Explanation:

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4 years ago

One of the most important features of a filing and record keeping system is that it works for you and meets your needs true or f

MA_775_DIABLO [31]

Answer:

True

Explanation:

In record keeping using the filling method, it is done in-order to keep track of all the important documents and information regarding to the company. <em>This record keeping system could employ the manual method or writing with hand or the electronic method of storing such information using the computer or other electronic device.</em>

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3 years ago