Each person who participated in a contract agreement is called an

A farmer sells a truckload of grain for $1000. He then takes the cash to the tractor dealer and buys a new set of tires for his

astra-53 [7]

Answer:

Option (A) is correct.

Explanation:

Here, the function of money that is reflected in this example is a medium of exchange.

Money is used for purchasing goods and services between the parties.

Money is mostly used as a medium of exchange. Nowadays, every individual uses money in almost every transactions because it is very convenient for the consumers and sellers of the product. Medium of exchange is a currency in which transactions takes place.

6 0

3 years ago

Serial Problem Business Solutions LO P4 Business Solutions sells upscale modular desk units and office chairs in the ratio of 3:

stich3 [128]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The selling prices are $1,310 per desk unit and $560 per chair. The variable costs are $810 per desk unit and $310 per chair. Fixed costs are $180,000.

The company sells 3 deks per 2 chairs.

Sales proportion:

Desks= 3/5= 0.6

Chairs= 2/5= 0.4

1) Selling price per composite unit= sales proportion*selling price

Selling price per composite unit= 0.6*1,310 + 0.4*560

Selling price per composite unit= $1,010

2) Variable cost per composite unit= sales proportion*unitary variable cost

Variable cost per composite unit= 0.6*810 + 0.4*310

Variable cost per composite unit= 610

3) Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 180,000/ (1,010 - 610)

Break-even point (units)= 450 units

4) Number of units for each product:

Desks= 0.6*450= 270

Chairs= 0.4*450= 180

5 0

3 years ago

What is the purpose of the depreciation adjustment for long-lived assets?.

Liono4ka [1.6K]

Answer: It is done so that it can match the ongoing use of the asset with the economic benefits derived from it.

Explanation:

3 0

2 years ago

______ are the relatively permanent and deeply held underlying beliefs and attitudes that help determine a person's behavior. Th

likoan [24]

Answer: (4) Values

Explanation:

The values are basically refers to the fundamental beliefs that helps in motivating our actions and the attitude of the person.

The values plays an important role in our life as it developing the various types of good the respect, honesty and the also teach us that always respect the regions and culture.

According to the given question, the values is basically refers to the permanent and deeply underlying belief that helps in determine the attitude of the person.

Therefore, Option ($) is correct answer.

4 0

3 years ago

"when leased computing resources can be increased or decreased dynamically, they are said to be ________."

Llana [10]

The answer should be elastic

5 0

4 years ago