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Trava [24]
3 years ago
10

Which of the following is an example of representative money?

Business
2 answers:
Leto [7]3 years ago
5 0
"Representative money<span> is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper, and even tobacco" Google.

</span>C) A check. 

djverab [1.8K]3 years ago
3 0

C is the correct answer

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Economists refer to the process of proactive consumers choosing to either exit from a sale or to voice their dissatisfaction wit
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1 year ago
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5 0
3 years ago
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Grouper Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $160,600, and purchases for January thro
Katen [24]

Answer:

$165,670

Explanation:

Cost of goods sold = Sales revenue (1 - Gross profit)

                                = $669,900 × (1 - 0.30)

                                = $669,900 × 0.70

                                = $468,930

Estimated ending inventory destroyed in fire:

= Beginning inventory + Purchase - cost of goods sold

= $160,600 + $474,000 - $468,930

= $165,670

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