Answer:
Money is served three purposes- unit of account, store of value and medium of exchange
Explanation:
In this question, we are to identify the role money plays in each of the following parts of the story.
Money is used to measure the valueof good in money unit, so the values can be compared easily.
In the first case, Van is comparing between value of goods. the money serves as unit of account.
Money is used as medium of echange to avoid the difficulty arising out of goods to goods exchange.
In the second case, Van is exchanging $140 for the DVD, money is serving as medium of exchange.
Money also has store of value, it can be saved and exchanged for goods over time.
In third case, Van is saving money for future exchange, money is serving its store of value function.
Purely domestic firms will be at a disadvantage to men's in the event of market disequilibria because domestic firms lack comparative data from its own sources.
<h3>What are domestic firms?</h3>
Most or all of the operations of domestic companies are conducted within the US. They might export goods or import supplies, but these activities often make up a modest portion of overall corporate activity. US securities regulations primarily apply to domestic enterprises. Typically, their financial reports are created using widely accepted accounting principles (GAAP).
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The amount of $130,000 in Expenses will be the least likely to be budgeted for while building a budgetary slack.
<h3>What is a budgetary slack?</h3>
This is a special consideration in a budget that seeks to increase the chances of the actual performance being better than the budget.
Joan will likely budget for $110,000 of expenses, $210,000 of revenue and $80,000 of income.
Therefore, the amount of $130,000 in Expenses will be the least likely to be budgeted for
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Answer:
The correct answer is letter "D": A&B.
Explanation:
Managers have several functions within an organization. Among them, they must <em>analyze information </em>-the accounting books of the company- to find out what products have maximized their production process and which ones have not. Besides, they must relate that information to the number of sales the company is processing given a certain period.
Thus, what is the best and low-selling products of a firm are questions that managers must ask to explore its<em> strengths, weaknesses, and opportunities</em>.
