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lesya [120]
3 years ago
12

3 uses of money supply

Business
1 answer:
zalisa [80]3 years ago
7 0

Answer:

Money serves as a medium of exchange, as a store of value, and as a unit of account.

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The following proceeds received by Grove City in year 1 are legally restricted to expenditure for specified purposes: Donation b
tatiyna

Answer:

The $1,200,000 should be accounted for in Grove’s special revenue funds

Explanation:

Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.  

The computation of special revenue funds is shown below:

= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district

= $300,000 + $900,000

= $1,200,000

4 0
3 years ago
Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivab
Zigmanuir [339]

Answer:

(a) Barton's investment

Date   Account Titles and Explanation               Debit       Credit

          Accounts receivables                              $44,900

          ($48,000 - $3,100)

          Equipment                                                 $90,000

                 Allowances for uncollectible                               $1,300

                 Barton Capital                                                       $133,600

           (To record Barton's contribution)

(b) Fallows' investment

Date   Account Titles and Explanation               Debit       Credit

          Cash                                                           $28,700

          Merchandise Inventory                             $60,500

                  Fallow Capital                                                      $89,200

           (To record Fallow's contribution)

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4 years ago
The product structure overcomes one of the challenges common to a functional organization structure because it is
Alona [7]

Answer:

focus on the goods being made

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2 years ago
How much does it cost for a restraining order?
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I live in Indiana all I did was go to the court house and filled they ask you a lot of questions about times and dates and any witness. It was free.
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3 years ago
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Once established, company cultures can be embedded and perpetuated by
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<span>Systematic indoctrination of fresh associates in the tradition's basics, regular recurrence of central costs through higher managers and team associates, and usual rituals honoring associates who show required cultural behaviors</span>
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