The answer is Joint Venture. It is the agreement or the business arrangement of two or more companies that agrees to share resources for a specific purpose without loosing their identities. The companies will share expenses, looses and profit associated with the venture but their other business interest will remain separate.
Answer: A medium of exchange.
Explanation: A medium of exchange can be in the form of currency, which allows one person to trade/exchange it for another item. Currency is used to purchased an item that another person is selling and they give each other the different items during their exchange.
Answer: When money is used as a standard of value that allows people to compare the relative worth of various goods and services, it is serving as a <u>"B. unit of accounting.".</u>
Explanation: The unit of account makes it easy to make economic calculations, divide the money and know how much each of the things we want to acquire costs in terms of a single good (money).
Answer:
$5,931 Favorable
Explanation:
Operating cost for actual activity:
= $36,130 + ($2,036 per flight × No. of flights) + ($1 per passenger × No. of passenger)
= $36,130 + ($2,036 per flight × 73) + ($1 per passenger × 223)
= $36,130 + $148,628 + $223
= $184,981
Activity variance:
= Operating cost for actual activity - Actual cost for plane operating costs
= $184,981 - $179,050
= $5,931 Favorable
