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3 years ago

Select all that apply.

2 answers:

3 0

Money is anything that people are willing to accept to use for payment for goods and services.The purpose of money can be described as follows:
store of value - money is a way of saving for future purchases
unit of account - money represents the real value (or cost) of any economic item.
medium of exchange- Money serves as a medium of exchange.

Tpy6a [65]3 years ago

3 0

store of value

unit of account

medium of exchange

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The following are the current? month's balances for ABC Financial? Services, Inc. before preparing the trial balance. Accounts P

ale4655 [162]

Answer:

B. $ 23 comma 000 $23,000

Explanation:

Following equation to calculate the common stock Value

Total Debit = Total Credit

40,500 = $17,500 + Common stock value

Common stock value = $40,500 - $17,500 = $23,000

Accounts with Credit balances

Accounts Payable $7,000

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Common Stock ?

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3 years ago

Interest Practice How much would x dollars earn in 1 year at a rate of 4.4% compounded annually?

shusha [124]

Answer:

x1.044 - x

Explanation:

The formula for calculating compound interest is as below

FV = PV × (1+r)^n

where FV = Future Value

PV = Present Value

r = annual interest rate

n = number of periods

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In this case, PV =X, r =4.4% and n=1

FV = x x ( 1+4.4/100)^1

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3 years ago

The CPI is a measure of the overall cost of goods and services produced in the economy the overall cost of inputs purchased by a

lakkis [162]

Answer:

The overall cost of buying a market basket of goods and services by a typical customer.

Explanation:

The question is incomplete, but I figured that the question is trying to find out the correct meaning of CPI with different options provided. The correct question should be:

The CPI is a measure of

the overall cost of goods and services produced in the economy
the overall cost of inputs purchased by a typical producer
the overall cost of buying a market basket of goods and services by a typical consumer
the overall cost of stocks on the New York Stock Exchange

Which option is correct?

CPI or Consumer Price Index evaluates the average prices of a basket of consumer goods and services, for instance, medical care, food, and transportation. It is evaluated by analyzing the changes in and averaging the price of each item in the basket of consumer goods and services.

The CPI is usually used especially to discover situations of inflation of deflation.

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2 years ago

Accumulated Depreciation and Depreciation Expense are classified, respectively, as _____. (A) asset, contra liability (B) expens

andrew-mc [135]

Answer:

(D) contra asset, expense

Explanation:

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3 years ago

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kaheart [24]

Answer:

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3 years ago