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zhannawk [14.2K]
3 years ago
7

Which of the following correctly defines money as a unit of account?

Business
1 answer:
trapecia [35]3 years ago
6 0
The correct answer to this question is letter "c. it provides a means for comparing the values of goods and services." The statement that correctly defines money as a unit of account is that <span>it provides a means for comparing the values of goods and services.</span>
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Erik is giving a speech in his art history course. he has carefully prepared his presentation and plans to deliver it from a bri
Bogdan [553]
Hey there,

Answer: <span>Extemporaneous speech

Hope this helps :D

<em>~Top♥</em>
</span>
3 0
2 years ago
Employees who work in teams that allow for rapid decision making and a better view of the end product are likely working in what
netineya [11]

Answer:

Horizontal Management

Explanation:

Horizontal management is an organization structure in which there are very few managers, in this type of management authority is given to the employees. This makes the employees to have a sense of empowerment because they can make vital decisions without the approval of a manager.

In horizontal management, decision making happens rapidly with little or no bureaucracy. These companies tend to have a limited amount of projects on which they work, which benefits from the unstructured, open environment since the entire team communicates and share essential information on where the project is and where it is heading to.

8 0
3 years ago
Read 2 more answers
A firm operated at 80% of capacity for the past year, during which fixed costs were $210,000, variable costs were 70% of sales,
Fittoniya [83]

Answer:

The answer is: $90,000

Explanation:

We must first determine the cost of goods sold:

  • COGS = variable costs = 70% x 1,000,000
  • COGS = $700,000

I will assume all fixed costs are operating expenses.

Then we elaborate a simple income statement:

Sales                           $1,000,000

<u>COGS                           ($700,000)   </u>

Gross profit                   $300,000

<u>Operating expenses    ($210,000)   </u>  

Operating profit             $90,000

5 0
3 years ago
If the one-year discount factor is 0.8333, what is the discount rate (interest rate) per year?
yan [13]

Answer:

20%

Explanation:

The computation of the discount rate per year is shown below:

As we know that

Discount factor = 1 ÷  (1 + Interest rate)^number of years

0.8333 = 1 ÷ (1 + Interest rate)^1

1 + Interest rate = 1 ÷ 0.8333

Interest rate  = 1.20 - 1

Interest rate = 0.20 or 20%

Hence, the interest rate is 20% by applying the discount factor formula which is shown above

8 0
3 years ago
Opportunity cost is A. the idea that because of​ scarcity, producing more of one good or service means producing less of another
Eduardwww [97]

Answer:

the highest valued alternative that must be give up to engage in an activity

Explanation:

If Mara leaves her job that pays her $50,000 per annum to start her company where she makes $200,000 per annum, her opportunity cost is $50,000. It is the next best alternative she forgoed in order to start her company.

I hope my answer helps you.

5 0
3 years ago
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