All categories

3 years ago

When money is used to compare the relative price of a burrito and a taco, money is being used as a

Business

2 answers:

Dafna1 [17]3 years ago

4 0

Answer: B) unit of Account

Explanation:A unit of account in financial accounting refers to the words that are used to describe the specific assets and liabilities that are reported in financial statements rather than the units used to measure them. Unit of account in economics allows a somewhat meaningful interpretation of prices, costs, and profits, so that an entity can monitor its own performance. It allows shareholders to make sense of its past performance and have an idea of its future profitability.

zalisa [80]3 years ago

4 0

Answer:

B) unit of account

Explanation:

The main functions of money are:

Medium of exchange : money is widely accepted and used to exchange goods or services
Unit of account : money serves as a basis to compare the value of goods or services
Store of value : money can be saved since it keeps it value
Standard for deferred payments: you can borrow money and pay it back at a future date

You might be interested in

Drag the tiles to the boxes to form correct pairs.

Arada [10]

Answer:

WWW = indicates that the website the World Wide Web

Domain Name= indicates the type of organization that the website belongs to

Resource ID = indicates where the file resides on a web server

Server Name= indicates name of the server that hosts the website

Explanation:

8 0

2 years ago

While noreen was driving down the highway, she saw two cars on the side of the road. she noticed that no one was hurt and that n

AfilCa [17]

Based on the information that has been given above, it is likely that the information has been stored on Noreen's short term memory. The short term memory is where memories could be stored in a short period of time, it could be determined or seen above as Noreen had saw the cars on the road but could no longer remember their colors as it was stored on her short term memory.

5 0

3 years ago

Meyer & Smith is a full-service technology company. They provide equipment, installation services as well as training. Custo

Iteru [2.4K]

Answer:

d. $90,000, $60,000, $30,000 respectively.

Explanation:

The computation of price allocated is shown below:-

Ratio of values $90,000 : $60,000 : $30,000

= 3 : 2 : 1

Total cost = $180,000

Equipment = $180,000 × 3 ÷ 6

= $90,000

Installation= $180,000 × 2 ÷ 6

= $60,000

Training = $180,000 × 1 ÷ 6

= $30,000

Therefore the Equipment, Installation, Training is $90,000, $60,000, $30,000 respectively.

7 0

3 years ago

Campus Bus Service entered into a contract with Smith Bus Company to purchase 10 buses. One week before Campus Bus was scheduled

dangina [55]

Options:

Smith Bus should be excused from performance under the clause for the rights on improper delivery
Smith Bus should not be excused from performance because it did not act in good faith
Smith Bus should be excused from performance under the test of commercial impracticability
Smith Bus can exercise its right of anticipatory repudiation

Answer:

Correct answer is Option c.

<u>Smith Bus should be excused from performance under the test of commercial impracticability </u>

Explanation:

In this case, Smith cannot fulfil the contract obligation due to an unforeseen event. Hence, Commercial impracticability shall apply.

5 0

2 years ago

The study of economics focuses most on...

-Dominant- [34]

A, all of above because they are all the study of economics

5 0

2 years ago