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ozzi
4 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]4 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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Robinson Company had a net deferred tax liability of $34,000 at the beginning of the year, representing a net taxable temporary
forsale [732]

Answer:

deferred income tax benefit during 2018:     6,700

deferred income tax liability ending balance 27,400

Explanation:

beginning deferred tax laibility 34,000

this will change to 21,000 for the tax rate change

(100,000 x 21% = 21,000)

thus there is a decrease of 13,000 in the tax liablity

Then:

book income                    400,000

temporary differenc(net): (30,000)

Taxable income               370,000

30,000 x 21% = 6,300 additional deferred tax expense

13,000 benefit - 6,300 deferred tax expense = 6.700 benefit

5 0
3 years ago
In a results oriented organization that focuses on quality and teamwork, which level of organizational structure should assume p
SOVA2 [1]

In a results-oriented organization that focuses on quality and teamwork, followers should assume primary responsibility.

<h3><u>Explanation:</u></h3>

The thing that `guides the activities to be carried out for achieving the objectives and goals of an organisation refers to the organisational structure.The activities can include things like role,rules and responsibilities. The organisational structure plays a major roil;e in the determination  of  how well an organisation can achieve its goals.

The structure that an organisation must follow is dictated by the top management. The organisational structure decides the flow of information into various levels of an organisation. When an organisation focuses mainly on the outcome that is achieved finally without focusing on the way the outcome is reached refers to result oriented organisation. Thus, in such organisation, the followers should assume primary responsibility.

7 0
4 years ago
The demand and supply for catnip are given by the following tables: Demand Price Quantity Supply Price Quantity $1.50/lb 2.00 2.
DENIUS [597]

Answer:

7

$3

Explanation:

Equilibrium is the point where Quanitity supplied equals quantity demanded. The price at this point is known as the equilibrium price and the Quanitity at this point is known as equilibrium Quanitity.

Quanitity demanded is equal to Quanitity supplied at 7 units. Price at this point is $3

Please check the attached image for a clearer image of this question.

I hope my answer helps you

5 0
4 years ago
5. Study Question #5 Ch 7. The average person probably had never heard of the Organization of Petroleum Exporting Countries (OPE
klemol [59]

Answer:

  • Oil conservation efforts of importing countries
  • Increased oil supply by non-OPEC nations
  • A worldwide recession
3 0
3 years ago
In an insurance contract, the person buying the insurance is called the
irakobra [83]
True explanation: one you have bought insurance you are insured to a house life plan etc, they company you bought the insurance from is the insurer because they are giving you the insurance
6 0
2 years ago
Read 2 more answers
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