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3 years ago

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

1 answer:

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

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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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2 years ago