HOURS

The functions of money are to serve as a rev: 06_06_2018 Multiple Choice resource allocator, a method for accounting, and a mean

aliina [53]

Answer:

unit of account, a store of value, and a medium of exchange.

Explanation:

Functions of money

1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you pay $20 for your favourite jeans

2. Unit of account : money can be used to value goods and services, For example, $20 is the value of your favourite jeans

3. Store of value : money can retain its value over the long term, this it can be used as a store of value

6 0

3 years ago

The manager of a computer software company wishes to study the number of hours senior executives by type of industry spend at th

miskamm [114]

Answer:

Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis and conclude all three means are not equal.

Explanation:

The given data is

Banking Retail Insurance

12 8 10

10 8 8

10 6 6

12 8 8

10 10 10

The results of excel are:

Anova: Single Factor

SUMMARY

Groups Count Sum Average Variance

Column 1 5 54 10.8 1.2

Column 2 5 40 8 2

Column 3 5 42 8.4 2.8

1) Let the null and alternate hypotheses be

H0: u1=u2=u3 i.e all the three means are equal and

Ha: Not all three means are equal

2) The significance level is set at ∝ =0.05

3)The test statistic to use is

F= sb²/ sw²

which has F distribution with v1= k-1 →3-1=2 and v2= n-k →15-3=12 degrees of freedom

After calculations the following table is obtained.

ANOVA

Source SS df MS F P-value F crit

of Variation

B/w Groups 22.93 2 11.467 5.733 0.01788 3.885

Within Groups 24 12 2

Total 46.93 14

4) The critical region is F ≥ F(0.05, 2,12) = 3.885

5) Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis and conclude all three means are not equal.

4 0

3 years ago

Why was the privatization of public property considered to be a vital task after Texas entered into the Union in 1845

Lesechka [4]

The privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc

<h2>What is privatization?</h2>

Privatization refers to process where a government business, operation, property becomes a privately-owned property, business etc

In conclusion, the privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc

Read more about Privatization

brainly.com/question/1086126

8 0

2 years ago

Donaldson Company has the following accounts in its general ledger at July 31: Accounts Receivable $40,000 and Allowance for Dou

alisha [4.7K]

Answer and Explanation:

The journal entries are shown below:

On Oct 15

cash Dr $21,000

Service charge expense Dr (3% of $30,000) $9,000

To Account receivable $30,000

(being the cash is recorded)

On Oct 25

cash Dr $882

Service charge expense Dr (2% of $900) $18

To Sales $900

(being the cash is recorded)

These two entries should be recorded

8 0

3 years ago

When people who buy insurance change their behavior after the purchase because they are protected from loss by the insurance, t

coldgirl [10]

u get money back from what u brake or what is stolen that is the meaning

5 0

3 years ago