1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bekas [8.4K]
3 years ago
5

Most of the time it is quite difficult to separate the three functions of money. Money performs its three functions at all​ time

s, but sometimes we can stress one in particular. For each of the following​ situations, identify which function of money is emphasized.(a) Brooke accepts money in exchange for performing her daily tasks at her​ office, since she knows she can use that money to buy goods and services.In this​ case, money is being used as a _______.(b) Tim wants to calculate the relative value of oranges and​ apples, and therefore checks the price per pound of each of these goods quoted in currency units.In this​ case, money is being used as a ______.(c) Maria is currently pregnant. She expects her expenditures to increase in the future and decides to increase the balance in her savings account.In this​ case, money is being used as a _______.
Business
1 answer:
PtichkaEL [24]3 years ago
8 0

Answer:

Explanation:

a. Money is being used as a medium of exchange because Brooke is accepting money in exchange for doing her daily tasks at the office. Money facilitates transactions:  Brooke will use some of that money to buy food, if money wouldn´t exist, the company will have to pay her in food, but for the company is difficult to measure how much apples, rice, coffee and other does Brooke´s work represent.

b. Money is being used as a unit of account because it provides a common measure of the value of goods or services, in this case oranges and apples.

c. Money is being used as a store of value. Even though money loses value because of inflation is the most liquid asset a person can have.

You might be interested in
"what is the difference between a static report and a dynamic​ report
andreev551 [17]
Each time a dynamic report<span> is run, it gathers the most recent data in the Data Warehouse. Only the </span>report<span> definition, which remains the same over time, is stored. </span>Static reports<span>. Are run immediately upon request, and then stored with the data in the Completed </span>Reports<span> module. hope that helped</span>
5 0
3 years ago
Challenges encountered in satisfaction of human wants​
bearhunter [10]

Explanation:

They are unlimited/many. Human needs are never restricted, they are infinite and keeps on changing because of various factors. ...

Scarce resources to satisfy them. ...

are recurrent/felt again and again. ...

some are complimentary. ...

change with time age and gender.

8 0
2 years ago
If the contribution margin is not sufficient to cover fixed expenses:.
Elan Coil [88]

If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.

<h3>What is a Contribution Margin?</h3>

The contribution margin can be expressed in gross income terms.  After subtracting the variable element of the firm's expenditures, it indicates the extra money gained for each product sold.

The contribution margin is calculated by subtracting the selling price/unit from the variable cost/unit.

This metric displays how much a certain product adds to the company's total earnings. It displays the share of revenue that helps to pay the firm's fixed costs and gives one approach to illustrate the profit potential of a certain product supplied by a company.

Therefore, If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.

Learn more about contribution margin here:

brainly.com/question/24881206

7 0
2 years ago
Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $26.50 per hour. Du
g100num [7]

Answer:

$137,800

Explanation:

A flexible budget uses the standard hour and costs adjusted to Actual level of output

thus

Flexible budget amount for direct labor = 2 x 2,600 units x $26.50 = $137,800

6 0
2 years ago
The marketing staff wants to supply pens with attached USB drives to clients. In the past this client has been victimized by soc
Firdavs [7]

Answer: C. The security risks associated with combining USB drives and cell phones on a network

D. The risks associated with the large capacity of USB drives and their concealable nature

Explanation:

Based on the scenario that has been discussed in the question, the security administrator will instructs the marketing staff not to supply the USB pens based on the security risks that are associated with combining USB drives and cell phones on a network.

Another reason is due to the risks that are associated with the large capacity of USB drives and their concealable nature.

Since the client has been victimized by social engineering attacks that led to a loss of sensitive data in the past, they'll be extra careful this time around.

4 0
2 years ago
Other questions:
  • Through what process can special interest groups and businesses influence the government?​
    8·1 answer
  • Martha, an accrual-method taxpayer, has an accounting practice. In 2015, she performs tax analyses for Arnold and sends him an i
    10·1 answer
  • Kela Corporation reports net income of $470,000 that includes depreciation expense of $83,000. Also, cash of $44,000 was borrowe
    14·1 answer
  • Both Nadia and Samantha are applying to insure their car against theft. Nadia lives in a secure neighborhood, where the probabil
    7·1 answer
  • Identify at least 4 Key Success Factors (KSFs) that companies competing in the activity tracking industry must master to be succ
    10·1 answer
  • If you have not been obligating your funds according to your obligation plan, you may become a prime candidate for losing your f
    6·1 answer
  • As part of the calculation for cost of goods sold it is necessary to determine the value of goods on hand, termed merchandise in
    10·1 answer
  • Successfulness of the competition policy in South Africa
    6·1 answer
  • According to Frans Johansson, all new ideas are: Select one: a. Typically representative of a combination of ideas that are inte
    11·1 answer
  • The entry to record the sale of services for cash includes a ______.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!