All categories

3 years ago

In ancient greece, what property made gold a more likely candidate for use as money than wine?

1 answer:

5 0

In ancient greece, the property that made gold a more likely candidate for use as money than wine was that the latter is more difficult than gold and is also more perishable. Gold is thus a better store of value than wine. Hope this answers the question.

You might be interested in

The records of Pippins, Inc., included the following information: Net sales $ 1,000,000 Gross margin 475,000 Interest expense 50

Lelu [443]

Answer:

Times interest earned (TIE) = 7.4 times

Explanation:

The times interest earned (TIE) ratio is a measure used to analyze the company's ability to meet its debt obligations on the basis of its current income level. The TIE ratio is calculated as follows,

Times Interest Earned (TIE) = EBIT / Total Interest expense

Where,

EBIT is the earnings of the company before interest and tax

To calculate TIE, we first need to determine the EBIT. EBIT can be calculated by backward working. Thus, EBIT is:

EBIT = Net income + tax + interest expense

EBIT = 240000 + 80000 + 50000

EBIT = $370000

Times interest earned (TIE) = 370000 / 50000

Times interest earned (TIE) = 7.4 times

6 0

3 years ago

Regardless of income or wealth, setting aside some portion of current income regularly for future use helps in developing good _

sdas [7]

Regardless of income or wealth, setting aside some portion of current income regularly for future use helps develop good income savings.

Personal saving is the money left over after people spend their money and pay their taxes. The personal saving rate is the percentage of disposable income that people save. This rate is used to learn about Americans' financial health and to forecast consumer behaviour and economic growth. the average saving rate by income or wealth class The dotted line represents the frequently stated 4% number, which comprises the poorest 90% of income earners. The top 10% to top 1% of income earners save about 12%, which I find relatively low. Only the top 1% holds a fantastic 38%.

Learn more about Personal saving here:

brainly.com/question/3186765

#SPJ4

5 0

2 years ago

Roger is an executive of a multinational tractor manufacturing company. while representing the company at conferences and meetin

cricket20 [7]

This communication style is called "leadership storytelling".

Storytelling is a key leadership technique since it's fast, intense, free, normal, reviving, stimulating, community, convincing, all encompassing, engaging, moving, significant and true. Stories enable us to understand associations.

Storytelling is in excess of a fundamental arrangement of apparatuses to complete things: it's a route for pioneers – wherever they may sit – to exemplify the change they look for.

3 0

3 years ago

Which of the following are factors that can cause a shift in supply?

Setler [38]

A major increase in production due to some market factor as well as the establishment of new companies could potentially lead to a shift in the supply curve for a good. The other answers would not create a shift in the supply curve.

3 0

3 years ago

Read 2 more answers

The value of Investment A at the end of year 5 is $20,000. Assuming that interest is compounded annually, and the interest rate

mina [271]

Answer:

PV= $13,611.66

Explanation:

Giving the following information:

Future Value (FV)= $20,000

Number of periods (n)= 5 years

Interest rate (i)= 8%

To calculate the present value, we need to use the following formula:

FV= PV*(1+i)^n

Isolating PV:

PV= FV/(1+i)^n

PV= 20,000 / (1.08^5)

PV= $13,611.66

3 0

3 years ago