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Ann [662]
2 years ago
12

Both seashells and corn have been used as money in the past. Which do you think is a better choice? Explain your answer by refer

ring to the functions, properties, and types of money.​
Business
1 answer:
Katarina [22]2 years ago
5 0

Answer:

Seashells  were better than corn.

Explanation:

I think shells were the better choice. They were also used as ornaments. The shells were very easy to use and durable. Payments were made using shells. The shells are considered as the oldest form of currency and they originated in ancient China.

It helped in a growing trade. Shells were the part of commodity money.Sea shells were used as a whole or partial. Shells were used either in the shape of beads or artificially shaped.

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I'm thinking 3 persons
7 0
2 years ago
Required information Skip to question [The following information applies to the questions displayed below.] On November 1, 2019,
abruzzese [7]

The  journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co is: Debit  Cash $31,800; Credit Unearned Rent Revenue $31,800, Unearned rent is $21,200.

<h3>Unearned rent</h3>

a. Entry

Debit  Cash $31,800

Credit Unearned Rent Revenue $31,800

b. Unearned rent:

Unearned Rent = 4/6 months

Two months have been paid up to December which means that 4 months are left for pay out of 6 months.

Hence:

Unearned Rent = 4/6 x $31,800
Unearned Rent = $21,200

c. Journal entry

Debit Unearned Rent Revenue $5200

Credit  Rent Revenue $5300

(2/12×$31,800)

Therefore the  journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co is: Debit  Cash $31,800; Credit Unearned Rent Revenue $31,800, Unearned rent is $21,200.

The complete question is:

On November 1, 2019, Gordon Co. collected $31,800 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed.

a. Record the journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co.

b. Calculate the amount of unearned rent that should be shown on the December 31, 2019, balance sheet with respect to this lease.

c. Record the journal entry to show the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co.

Learn more about unearned rent here:brainly.com/question/14866803

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4 0
1 year ago
Suppose the Digby company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing c
andriy [413]

Answer:

Niche cost leader

Explanation:

Since in the question it is mentioned that the Digby company shifts the focus to the segments of Thrift and Nano while on the other hand it also decreasing the cost so here the niche cost leader should be considered as it is focused on the specific segment also it concentrate on the price reduction i.e less the price charged by the competitor in order to gain the competitive advantage

hence, the second last option is correct

3 0
3 years ago
What is credit? What is debt? What does your credit score tell lenders about you? What are four tips for using credit wisely? Wh
Leto [7]

Credit is the amount of money that a company will lend to you, and debt is the amount of credit that you have borrowed and still owe.

Your credit score has many components: payment history, amount of available credit that you are using, length of your credit history, types of accounts (credit mix), and new credit.

A loan is a type of credit, and assets are things of value  that you own by yourself without owing money on them.

Collateral is assets that you can use to secure a loan, so that if you don't pay what you owe the lender can take those assets from you to recover the amount you owe them.

Installment credit is a loan that you pay in chunks every month/year. Revolving credit is automatically renewed as you pay off the debt. If the credit amount is $1000, and you borrow $500 you will have $500 left. If you then pay off $200 you will automatically have $800 of credit available to you.

8 0
3 years ago
Read 2 more answers
For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.
vladimir2022 [97]

Answer:

a. Accounts Payable

Accounts payable have a credit balance and will increase under credit effect and decrease under debit effect.

b. Advertising Expense

Advertising expense has a debit balance and will increase in case of debit effect and decrease in case of credit effect.

c. Service Revenue

Service revenue will be credited and will increase in case of credit effect and decrease in case of debit effect.

d. Accounts Receivable

Accounts receivables will be debited and increase under debit effect and decrease under credit effect.

e. Retained Earnings

Retained earnings will be credited and will increase in case of credit effect and decrease in case of debit effect.

f. Dividends

Dividends will be debited which will lead to an increase in it under debit effect and decrease under credit effect.

4 0
2 years ago
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