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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

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A record of income and expenditures for a given period of time is called a/an:

Vilka [71]

A record of income and expenditures for a given period of time is called a BUDGET.

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3 years ago

Annika Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A

wariber [46]

Answer:

$18.15

Explanation:

Activity based costing is a costing techniques used to assign cost in management account to the various units of a company the estimated activity level in the departments as a basis for cost apportionment or allocation.

Given that

Cost Pool Total Cost Product A Product B Total Activity

Activity 1 $ 18,000 700 300 1,000

Activity 2 $ 24,000 500 100 600

Activity 3 $ 60,000 800 400 1,200

The total cost for product A

= 700/1000 * $18,000 + 500/600 * $24,000 + 800/1200 * $60000

= $12,600 + $20,000 + 40,000

= $72,600

Total units for A = 4000 units

cost per unit of Product A is closest to

= $72,600/4000

= $18.15

5 0

3 years ago

Bill is the owner of a house with two identical apartments. He resides in one apartment and rents the other apartment to a tenan

Mnenie [13.5K]

Answer:

B. $2,600

Explanation:

The computation of the net rental income is shown below:

= Monthly rental payments × total number of months in a year - (utilities + maintenance & repairs + insurance) × percentage - depreciation expense

= $550 × 12 months - ($3,600 + $900 + $500) × 50% - $1,500

= $6,600 - $2,500 - $1,500

= $2,600

Since only one apartment is on rent so we considered the expenses of the building at 50% not full value and the same is applied above

5 0

3 years ago

sagar works for a financial advising firm. he must create a financial plan and come up with a list of securities in which his cl

Alik [6]

Since sagar works for a financial advising firm. he must create a financial plan and come up with a list of securities in which his client can invest. This is a investment.

<h3>What is an investment?</h3>

It should be noted that a investment simply means the use of mine in order to create further revenue for the company.

In this case, it was stated that Sagar create a financial plan and come up with a list of securities in which his client can invest. Therefore, this shows that this is an investment.

Learn more about firm on:

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sagar works for a financial advising firm. he must create a financial plan and come up with a list of securities in which his client can invest. sagar must make decisions regarding the investments that he should recommend to his clients to include in their portfolio. Is this an investment or capital market?

7 0

2 years ago

Which inventory method reflects the most recent costs of inventory on the balance sheet? What implications might this have that

dalvyx [7]

Answer:

Which inventory method reflects the most recent costs of inventory on the balance sheet?

LIFO

What implications might this have that would be relevant for users of the financial statements to know?

This will mean that the profitability ratios will be smaller under LIFO .

The profitability ratios include profit margin, return on assets, and return on stockholders' equity.

Explanation:

LIFO, the most recent costs of products purchased (or manufactured) are the first costs to be removed from inventory and matched with the sales revenues reported on the income statement. This means that the oldest costs remain in inventory.

8 0

3 years ago