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expeople1 [14]
3 years ago
6

Which of the following applies to the "value of money"?

Business
2 answers:
Norma-Jean [14]3 years ago
6 0

Answer:

The answer is iii. That is, value of money lies on the quantity of goods and services that a unit of money are able to exchange for

Explanation:

Money is valuable seemly because of its purchasing power. In other words, its value depends on how much goods and services a unit of currency may purchase. Subsequently, their purchasing power fluctuates following the variation in price level.

Once price level is going up, money has less value - that is a unit of money can purchase less products and services, or that currency is depreciated. Once price level is going down, money has more value - that is a unit of money can purchase more products and services, or that currency is appreciated.

butalik [34]3 years ago
5 0

Answer: The answer is i and iii

Explanation:

The value of money is whatever money can be exchanged for. This refers to the purchasing power of money, if there is a rise in prices, it means the value of money has fallen and a fall in prices means that the value of money has risen. Therefore, we can say that the value of money depends primarily on the general price level for goods and services. One of the qualities of money is that it has no intrinsic value, this means that money should have little or no value different from its value of exchange of goods and services. Therefore, money should be wanted not because of its value but because of its value as a medium of exchange.

The value of money is inversely proportional to the general price level for goods and services. The value of money is therefore measured by using the price index such as consumer price index, wholesale price index, cost of living index, and the GDP index.

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When a gap exists between existing state and your desired state, you have a/an
Genrish500 [490]

Answer:

When a gap exists between existing state and your desired state, you have a/an  demand .

Explanation:

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8 0
3 years ago
Use the following information to answer the question(s) below. A company near a large city is required to keep its smokestack po
meriva

Answer:

Over this 10-year period, the benefit to cost ratio is:

= 1.33.

Explanation:

a) Data and Calculations:

Cost of additional anti-pollution equipment = $2 million

Estimated useful life of the equipment = 10 years

Additional annual labor cost for equipment usage = $100,000

This gives a total labor cost of $1 million over the 10-year period.

Therefore, the total cost = $3 million

Savings (benefits) from lowering the air pollutants in the region = $4 million in medical expenses.

The benefit-to-cost ratio (BCR) = $4/$3 = 1.33

b) The Benefit-to-cost ratio (BCR) is a cost–benefit analysis that summarizes the value-for-money of a project by expressing the relationship between the project's benefits and costs in monetary terms. The BCR shows the future profitability of investment alternatives or options. It is normally expressed in terms of net present value.

8 0
3 years ago
Answer answer answer answer answer answer answer ​
Tomtit [17]

Answer:

answer answer answer answer

Explanation:

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8 0
3 years ago
Read 2 more answers
Pell Corporation is a company that manufactures computers. Assume that Pell: allocates manufacturing overhead based on machine h
Verdich [7]

Answer:

Adjusting entry is given below

Explanation:

DATA

Estimated Overhead = $150,000

Actual Overhead = $84,000

Under/Over allocated =?

Solution

Under/Over allocated Overhead = Estimated Overhead - Actual Overhead

Under/Over allocated Overhead = $150,000 - $84,000

Under/Over allocated Overhead = $66,000

We had over-allocated manufacturing overhead with $66,000

To adjust manufacturing Overhead account we should make the following entry

Entry                                               DEBIT     CREDIT

Manufacturing Overhead              $66,000

Cost of goods sold                                          $66,000

8 0
3 years ago
Because practical considerations make job tryouts for all candidates infeasible, it is necessary to _____ the relative level of
Fudgin [204]

Correct/Complete Question:

Because practical considerations make job tryouts for all candidates infeasible, it is necessary to _____ the relative level of job performance of each candidate on the basis of available information.

A. assign

B. predict

C. abandon

D. accept

Answer:

B, predict

Explanation:

When a candidate seeks employment at an organization, he/she provides information about him/her self either through a CV or interview.

From the information provided through these documents, is almost enough to determine how well an individual will perform on a job if he/she is given the job. Although it is not always a totally correct means of ascertaining that but it is just enough.

Cheers.

7 0
4 years ago
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