All categories

3 years ago

Your friend says your car is worth about 50 dollars. Your friend is using money as a

Business

2 answers:

trasher [3.6K]3 years ago

5 0

Answer:

Measure of value

Explanation:

Measure of value: It is the function of money that help in differentiating the value of different goods and services. Money is used as unit of value. In today´s world, most common exchange mode we use is money, therefore we use money value to measure the value of any object.

Following formula we use to measure value of goods.

Value= $\frac{Benefit}{Cost}$

Value is also derived by benefit we earn after investing some money to it.

In the given case, Friend have used the value of money to define the worth of Car.

creativ13 [48]3 years ago

3 0

Answer:

Measure of value

Explanation:

You might be interested in

According to world-systems theory, the global economic system must be approached as a single ________ unit, not as a collection

n200080 [17]

Answer: (A) Capitalist

Explanation:

The main importance of the capitalist system is that it is the private property and the control over the various types of factors such as competition, production and the capital accumulation.

The global economical system is basically approach the capitalist in the form of the single unit according to the theory of world system. The private ownership, free market and the capital concentration are some of the characteristics of the capitalist.

Therefore, Option (A) is correct.

3 0

3 years ago

Octavia has received an email from a customer asking her a question about a product unfortunately Octavia doesn't know the answe

Gwar [14]

Octavia should tell the customer that she doesn’t know the answer right now, but she will try to figure it out as soon as possible, and it may take a few days.

Another great option is for Octavia to ask a coworker right away who may know the answer to the question.

6 0

3 years ago

Read 2 more answers

CC’s is analyzing a proposed project with anticipated sales of 3,620 units, give or take 5 percent at a sales price of $24, plus

eimsori [14]

Answer:

The total variable cost will be $ 16 * 3620= $ 57920

Explanation:

Analyzing Proposed Project

Given 1 2 3

Variable Increase ---- 10% 9.125% 9.125%

Fixed Decreased 6.97%

Sales price per unit $24 $24 $24 $24

Variable price per unit $ 14.6 $16.06 $ 16 $ 16

Fixed Costs $ 12900 12900 $ 12900 $ 12000

Sales Volume 3620 3620 3620 3620

We have taken the sale prices constant and changed the variable costs and fixed costs.

Sensitivity Analysis Report

Given 1 2 3

Sales 86880 86880 86880 86880

Variable Costs 52852 58137.2 57920 57920

Contribution Margin 34028 28742.8 28960 28960

Fixed Costs 12900 12900 12900 12000

Operating Profit 21128 15482.8 16060 16960

Dollar Change in

Variable Expenses 5645.2 5068 5068

The total variable cost will be $ 16 * 3620= $ 57920

5 0

3 years ago

A business with a differentiation strategy will add cost to an activity only as long as the activity has a positive margin.

Vladimir [108]

That is not a question it is a statement. However yes, businesses tend to increase the price of an activity the more customers react positively to the activity.

3 0

3 years ago

The chart shows facts related to professional interpreters. To enter this field, a worker would be required to have earned a deg

Kisachek [45]

Earned a degree from a four-year college at least. I HOPE IT HELPS :)

5 0

3 years ago

Read 2 more answers