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
allsm [11]
3 years ago
5

Suppose a merchant in a moneyless economy trade has goods for large amount of purple fabric. He intended to use the fabric to tr

ade for other goods in another location. Well he traveled to the other market Place, however, A trade ship arrived with a large shipment of purple fabric. As a result, The merchant was only able to trade his fabric for about half of what he had expected it to be worth in return. This situation illustrates the need for what aspect of the purpose of money?
A. Unit of measure

B. Preservation of value

C. Government endorsement

D. Ease of exchange
Business
2 answers:
spayn [35]3 years ago
4 0

Answer:

Preservation of value.

Explanation:

Money is a medium of exchange that is generally acceptable for transactional purposes.

As seen in the scenario , money may not necessarily be cash as some other items can be used as a medium of exchange in a trade by barter agreement so far the items has the features of money and acceptable.

However , one thing that could be pointed out in the transaction in the scenario is a loss of value of the purple fabrics before the transaction could take place as a result of sudden arrival of a trade ship that caused a surplus in the fabrics , and at the end , it could not achieve as much as was expected.

Therefore the need for the preservation of value of money is necessary and needed

Goshia [24]3 years ago
3 0

Answer:

B) Preservation of value

Explanation:

This means preserving a value, the cost of things at one point and another, you want to preserve that value in order to get the most out of your payment.

You might be interested in
Your financial analyst calculated the following ratios for three companies: Boeing Microsoft PG&E Cash ratio 0.15 0.1 0.1 Cu
MaRussiya [10]

Answer: Not necessarily: The debt ratios are not directly comparable, since each company is in a different industry.

Explanation:

We cannot authoritatively state that even though Boeing has such a high debt rate, that it is a riskier company than either Microsoft or PG&E. This is due to the drawback in ratio analysis of bias if compared across different industries.

Ratio analysis best works when comparing companies in the same industry because their situations will be similar. Comparing across industries can be misleading because different industries operate in different ways. In the Airplane manufacturing business for instance, having a high amount of debt due to having the tangible assets to back it up might be a normal thing.

The debt ratios are therefore not directly comparable because each company is in a different industry.

7 0
3 years ago
Butte sold a machine to a machine dealer for $50,000. Butte bought the machine for $55,000 several year ago and has a claimed $1
pishuonlain [190]

Answer:

c. $7,500 ordinary gain  

Explanation:

Depreciated value of Machine = $55,000 - $12,500  

                                                   = $ 42,500

Sale price of Machine = $ 50,000

Gain on sale of Asset = $ 50,000 - $ 42,500

                                    = $ 7,500

Therefore, The amount and character of Butte's gain or loss is $7,500 ordinary gain.  

6 0
3 years ago
Companies can effectively market to teens by:
serious [3.7K]
<span>Teenagers and young adults are more likely to view social networks as a valuable source of information. additionally, making products modern and convenient makes marketing to teens much more effective.</span>
6 0
3 years ago
Companies may want to consider budgeting for contributions to employee loss expenses (such as funerals) as well as for counselin
nikdorinn [45]

Answer: Option (A)

Explanation:

Crisis management is known as or referred to as process through which the organization tends to deal with the unexpected and disruptive event which mostly threatens in order to harm an organization or the stakeholders. The crisis management is considered and known to be one of the most important and vital process in the public relations.

8 0
3 years ago
A scientific paper that has passed through the peer review process is more respected than one that has not. Why might a scientis
frez [133]

Answer:

B) The described experiment meets or exceeds the standards of good science.

Explanation:

When we say a scientific report that has been peer-reviewed, it means that it has been read and evaluated by other scientists. The peer-review process is meant to ensure the integrity and quality of the scientific publications. The peer reviewer should review the experimental design, the data and the analysis.

4 0
3 years ago
Read 2 more answers
Other questions:
  • A company incurs advertising costs of $10,000. The company's three selling departments have the following sales: Department 1—$1
    15·1 answer
  • Consider the following balance sheet for TD. Assets Liabilities Reserves 493 Deposits 2900 Loans 2407 4. Suppose that TD is a ty
    11·1 answer
  • On August 1, 1958, first-class postage for a 1-ounce envelope was 4 cents. On August 1, 2007, a first-class stamp for the same e
    6·1 answer
  • True/ false any procedure that is used to make employee selection decisions is construed to be a test.
    15·1 answer
  • A recent survey was conducted to compare the cost of solar energy to the cost of gas or electric energy. Results of the survey r
    14·1 answer
  • A company had average total assets of $955,000. Its gross sales were $1,108,000 and its net sales were $940,000. The company's t
    10·1 answer
  • What is Homo Sociologicus??
    12·1 answer
  • Brian explains that blogging is a type of inbound marketing. Which type of blog typically provides the highest level of digital
    10·1 answer
  • Admire County Bank agrees to lend Sheffield Brick Company $614000 on January 1. Sheffield Brick Company signs a $614000, 8%, 9-m
    11·1 answer
  • Today, benefit and service offerings add nearly _________ to an organization payroll costs
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!