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3 years ago

Which of the following is not a characteristic of money?

Business

1 answer:

Llana [10]3 years ago

7 0

Answer:

This question is incomplete, here are the missing answers:

a. medium of exchange

b. unit of account

c. backed by a precious metal

d. store of value

The answer is c.

Explanation:

Money has three general functions (characteristics):

- medium of exchange - Mainly created as the substitute of barter, money has the elementary use as an intermediary when exchanging goods or services.

- unit of account - In order to compare the value of certain goods and services, it is essential to measure them. This is where money applies as unit of account.

- store of value - Given that the money is stable (purchasing power and limited inflation), it is a general option for storing value. That means it can always be easily exchanged into goods or services, no matter the time.

According to basic elimination, c. is the correct answer. Also, it is also known that backing money with gold or silver reserves is an old practice which is irrelevant for most currencies nowadays. Today, the government is backing up the value of its currency. Such money is called fiat money.

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You have found an asset with an arithmetic average return of 14.60 percent and a geometric average return of 10.64 percent. Your

Ksju [112]

Answer:

return of the asset = 13.94%

return of the asset = 13.11%

return of the asset = 11.46 %

Explanation:

given data

average return = 14.60 percent

geometric average return = 10.64 percent

observation period = 25 years

solution

we get here return of the asset over year by Blume formula that is

return of the asset = ( T- 1 ) ÷ ( N - 1) × geometric average + ( N -T) ÷ ( N - 1) × arithmetic average ..................1

here N is observation period and T is time

put value in equation 1

return of the asset = $\frac{5-1}{25-1} *0.1064 + \frac{25-5}{25-1} * 0.1460$

return of the asset = 0.1394 = 13.94%

and

return of the assets = $\frac{10-1}{25-1} *0.1064 + \frac{25-10}{25-1} * 0.1460$

return of the asset = 0.13115 = 13.11%

and

return of the assets = $\frac{20-1}{25-1} *0.1064 + \frac{25-20}{25-1} * 0.1460$

return of the asset = 0.11465 = 11.46 %

6 0

3 years ago

Use the following selected balance sheet and income statement information for Caroline Supply Co. (in millions) to compute asset

lidiya [134]

Answer:

3.15 times

Explanation:

Asset turnover = Sales revenue / Average total assets

Asset turnover = $1,135,420 / $360,600

Asset turnover = 3.15 times

7 0

3 years ago

Brightstone Tire and Rubber Company has capacity to produce 221,000 tires. Brightstone presently produces and sells 169,000 tire

Firdavs [7]

Answer and Explanation:

A. The preparation of the differential analysis dated January 21 on whether to reject (Alternative 1) or accept (Alternative 2) the special order from Euro Motors is presented below:

Differential analysis

Reject (Alternative 1) or accept (Alternative 2)

Jan 21

Particulars Reject order Accept order Differential effect on income

(Alternative 1) (Alternative 2) (Alternative 2)

Revenues

(26,000 tires × $93.6) $2,433,600 $2,433,600

Less: cost

direct material

(26,000 tires × $54) -$1,404,000 -$1,404,000

Direct labor

(26,000 tires × $24) -$624,000 -$624,000

Variable factory overhead

(26,000 tires × $24 × 0.62) -$386,880 -$386,880

Variable selling and admin expenses

(26,000 tires × $25 × 0.44) - ($114 × 4%)

-$167,440 -$167,440

Shipping cost

(26,000 tires × $7.65) -$198,900 -$198,900

Certification cost -$165,424 -$165,424

Income or loss -$513,044 -$513,044

B. As we can see that there is a loss of -$513,044 so the special order should be rejected

C. The minimum price is

= Selling price - differential income per unit

= $93.6 - (-$513,044 ÷ 26,000 tires)

= $93.6 - (-$19.73)

= $113.33

5 0

3 years ago

What was the main reason that Carnegie invested in the Frick Coke Company? He wanted to make sure he could always get fuel for h

Nikolay [14]

I believe the answer is: He wanted to make sure he could always get fuel for his steel plant.

At that time, the Frick Coke company was the largest coal producer in the country and they control about 80% of the coal market share. At that time, coal is the most important fuel resources for steel industries, they are used to melt and shapes the steel products.

4 0

3 years ago

Read 2 more answers

Vestel Corporation, a Turkish company that manufactures battery-powered tools, is considering the idea of selling its products

photoshop1234 [79]

Answer:

The given approach would be "Proxy indicators".

Explanation:

A proxy indicator would be a parameter that often used substitute throughout that would be harder to quantify individually.
This would be an ambiguous indication of either estimate which may well approximate or otherwise be indicative of such an occurrence or without the existence of either a specific measurement.

So really the answer above would be appropriate.

3 0

3 years ago