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ozzi
3 years ago
12

What are the six characteristics of money? explain how the u.s. dollar has those six characteristics?

Business
1 answer:
Leya [2.2K]3 years ago
5 0
1. durability- objects used as money must withstand physical and tear
2. portability- people need to be able to take money with them as they go about their business
3.divisibility-to be useful, money must be easily divided into into smaller denominations, or units of value
4.uniformity- any two units of money must be uniform or the same in the terms of what they will buy.
5.limited supply- money must be available only in limited quantities
6.acceptability- Everyone must be able to exchange the money for goods and services
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2. Which aspect of professionalism do you feel that you are strongest at? Explain why you think so. (1-3 sentences. 2.0 points)
Umnica [9.8K]

Answer:

This is more of a personal answer

6 0
2 years ago
The following are several transactions that relate to Bultena Township for the fiscal year 2019 (assume a voucher system is used
enot [183]

Answer:

Journal Entry

Explanation:

1. Estimated revenues Dr, $1,500,000  

Estimated other financing sources Dr, $300,000  

        To Appropriations $1,150,000

         To Financing uses $600,000

         To Budgetary fund balance $50,000

(Being general fund operating budget is recorded)

2. Expenditures-salaries Dr, $50,000  

       To vouchers payable 50,000

(Being salaries paid in the police department is recorded)

3. General fund

Transfer out to debt service fund Dr, $100,000  

        To cash $100,000

Debt service fund  

Cash Dr, $100,000

        To transfer in from general fund $100,000

(Being transfer from the general fund to the debt service fund is recorded)

4. Budgetary fund balance Dr, $45,000

       To Encumbrances $45,000

Expenditures-capital outlay Dr, 45,000

        To vouchers payable $45,000

Cash Dr, $500

       To other financing source-sale of assets $500

(Being purchase and sale of office furniture is recorded)

5. General fund  

Transfer out to debt service fund Dr, 150,000  

      To cash 150,000

Debt service fund  

Cash Dr, $150,000

       To transfer in from general fund $150,000

Interest expenditures Dr, $75,000

Bond principal expenditures Dr, $75,000  

       To cash $150,000

(Being payment of long term obligation is recorded)

6. Capital project fund  

Cash Dr, $500,000  

      To transfer in from general fund 500,000

General fund  

Transfer out to capital project fund Dr, $500,000  

     To cash 500,000

(Being  transfer from general fund to capital project fund is recorded)

7. Cash Dr, $3,017,500

other financing source- bond premium $17,500

         To other financing source- bond issue $3,000,000

General fund

Transfer out to debt service fund Dr, $17,500  

            To cash $17,500

Debt service fund  

Cash Dr, 17,500

          To transfer in from general fund $17,500

(Being bond issue and a bond premium transfer to debt service fund is recorded)

8. Cash Dr, $2,987,000  

        To property tax receivable $2,987,000

(Being receive of bid is recorded)

9. Expenditures-salaries Dr, $869,400

         Retainage payable Dr, $96,600

             To vouchers payable 966,000

(Being contractor received a bill is recorded)

Note:- Kindly ignore the last four line of question as it is irrelevant.

8 0
2 years ago
One of the other employees in your department department did not show up for work he will not be coming in today no one will be
Karolina [17]

Explanation:

When you are hired by an organization or a company, its your duty to fulfill you duties and do you work according to the company's needs and respect and adhere the rules and regulations of that company. But if any employee doesn't show care towards such important aspects, he should be taught about the rules. Rather all new employees should be given an orientation about the working environment and the rules and regulations of the company.

So if there is a situation in which an employee doesn't show up with no call, the first step should be to call him and ask about the absence. Secondly the work which was due to him and have to be completed on the same day, should be distributed among his fellow colleagues, in order to not delay the work due to his absence.

7 0
3 years ago
Read 2 more answers
Suppose that you are conducting market research at a regional mall in your city. The survey you are administering contains some
topjm [15]

Answer: b. All the answer options are potential problems.

Explanation:

In other to get a truly unbiased result from surveys, the sample chosen should be completely random. This method is not random as the people being chosen are selected which means that the basic underlying principle of probability sampling of randomness is violated.

The representativeness of the sample might also be affected if only a certain type of people look like they will answer which means that only they will be represented in the sample. These problems have a strong chance of influencing the research in a negative way as the research may be biased.

And of course the response rate will likely be lower as only a certain type of people are being looked for and they might not number much.

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2 years ago
In the short​ run, the equilibrium market price and market output are determined by​ _______.
OleMash [197]
<span>Short-run market supply and market demand determine the market price and output.

Hope this helps!
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5 0
2 years ago
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