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3 years ago

Describe two disadvantages of early forms of money, and explain how they could have been fixed.

2 answers:

8 0

Every country had different types of coins with different values and they were not easily comparable in value with the money from the other countries. This could have been fixed with collaboration between neighboring countries from certain areas to create same types of coins that have the same value so that they can use them easily for the trade that was occurring between the different economies.

Every craftsmen that had the skills and tools and suitable material was able to create copies of the money. This could have been fixed with strict regulations on every craftsmen by the authorities. Also putting a unique mark on the different types of coins by the official producers that was not easy to be copied.

slava [35]3 years ago

8 0

Early forms of money was made up of such things which were easily available and so the currency could be copied.
It was difficult to compare two different places currency values.

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you need to have $32000 in 7 years. you can earn an annual interest rate of 3 percent for the first 4 years, and 3.6 percent for

katrin2010 [14]

Answer:

$22,569.48 is amount i must have to deposit today

Explanation:

FV = Future Value , PV = Present Value , r = rate of interest , n= no of period

PV = FV / (1 + r )n

PV = 32000 / (1 + 3%)^4*(1+3.6%)^3

PV= $32,000/ (1 + 0.03)^4*(1+0.036%)^3

PV= $32,000/ (1.03)^4*(1.036%)^3

PV= $32,000/ (1.03)^4*(1.036)^3

PV= $32,000/ 1.12550881 * 1.111934656

PV= $32,000/ 1.251492251

PV = $22,569.47514

PV = $22,569.48

$22,569.48 is amount i must have to deposit today

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3 years ago

When the indirect method is used, if accounts receivable increases during the accounting period, the change in accounts receivab

liberstina [14]

The answer is that "<span>the change in accounts receivable is subtracted from net income".
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<span>When the indirect method is used, the starting point is the net income and it is transformed to cash flows from operational actions by adding back losses and subtracting gains so that these quantities are removed.</span>

4 0

3 years ago

Data for Shelby Company for the current year is as follows:

maks197457 [2]

Answer:

Cost of goods sold is $7,700

Gross Profit is $2,300

Explanation:

Cost of goods sold is Cost of goods available for sale less ending merchandise inventory. Ending merchandise understated by $300 means ending merchandise was accounted $300 less. So, $300 need to be added to ending merchandise. No ending merchandise is $2,300 (2,000 + 300)

Cost of goods sold will be 10,000 - 2,300 = $7,700

Gross profit is sales revenue less cost of goods sold which is computed as shown below:

Gross profit = 10,000 - 7,700

= $2,300

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3 years ago

Intellectual Property can be protected by

mash [69]

The answer you are looking for is copyright

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4 years ago

After an oil spill off the California coast, the ladies’ aide society of Cedar Rapids , Iowa , raised money to send to voulentee

Lapatulllka [165]

Answer:

The tax deduction of the contributions.

Explanation:

The claiming of tax deduction of all money raised for the natural disaster in California. Since the Ladies Aid Society is presumably, a non-profit organization then its contributors may claim tax deduction, on their contributions according to Iowa State.

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3 years ago