All categories

3 years ago

The facts that money must withstand the wear and tear that comes from being used over and over again is a measure of its?

2 answers:

3 0

I think the correct answer from the choices listed above is option C. <span>The facts that money must withstand the wear and tear that comes from being used over and over again is a measure of its durability. Hope this answers the question. Have a nice day.</span>

Molodets [167]3 years ago

3 0

1) durability-money that can withstand wear and tear

2) divisibility -Money that can be easily divided

3) commodity money- objects that have value in themselves

4) be converted into silver and gold-representative money can and fiat money cannot

5) Uniformity-two units of the same type of money

You might be interested in

How many patents have been issued in the united states?

Artemon [7]

Answer: 399,055 patents hope this helps

Explanation:

4 0

3 years ago

The perfectly competitive firm produces that quantity at which a.marginal revenue is greater than marginal cost. b.the largest g

Katena32 [7]

Answer:

Option (c) is correct.

Explanation:

The perfectly competitive firm produces at a point where the marginal revenue is equal to the marginal cost because it the profit maximizing point for the competitive firms. Under the perfectly competitive market conditions, the price is determined by the two forces: demand and supply of the goods.

The firms under this market condition, faces a perfectly elastic demand curve which implies that the buyers are free to buy any quantity of goods.

4 0

3 years ago

A flexible budget variance is $1,500 favorable for unit-related costs. This indicates that: A. actual costs were $1,500 more tha

lys-0071 [83]

Answer:

D. actual costs were $1,500 less than for the planned level of activity.

Explanation:

D. actual costs were $1,500 less than for the planned level of activity.

the budget depicted more $1500 expenses for certain units production.

4 0

3 years ago

Dole Corp.'s accounts payable at December 31, 2020, totaled $900,000 before any necessary year-end adjustments relating to the f

IRINA_888 [86]

Answer: $1,400,000

Explanation:

The checks to creditors were only mailed out in January so the creditor accounts had not been settled in December.

The goods purchased on December 28 should be included in the accounts payable account.

The goods that were shipped FOB Destination and were not yet delivered at year end will not be accounted for because FOB destination means that Dole will only take ownership when it reaches them.

Accounts payable is therefore:

= 900,000 + 350,000 + 150,000

= $1,400,000

7 0

3 years ago

Taylor Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture of the company's s

Gelneren [198K]

Answer:

The right answer is Option (D).

Explanation:

According to the Scenario, the given data is:

Standard cost : $14.80 / hour

Total working hour: 22,000 hour

Total units : 10,900 units

working hour for a single unit: 2 hours/unit

So, the direct-labor efficiency balance can be calculated as:

Direct-labor efficiency variance = Standard Cost × ( Total working hour - Standard working hour )

Where, Standard working hour = total units × working hours per unit

= 10900 × 2 = 21800 hours

So, Direct-labor efficiency variance = 14.80 × ( 22000 - 21800 )

= 14.80 × 200 = 2960 ( unfavorable )

Hence the correct answer is option (D).

6 0

3 years ago

Read 2 more answers