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levacccp [35]
3 years ago
14

In many casinos, a person buys chips to use for gambling. Within the walls of the casino, these chips can often be used to buy f

ood and drink or even a hotel room. Do chips in a gambling casino serve all three functions of money?
Business
1 answer:
Ber [7]3 years ago
6 0

Answer:

As long as you remain within the casino's walls, chips fit the definition of currency; that is, they serve as a means of exchange, an account unit, and a value store. Once you leave the casino, chips don't work very well as money but many kinds of money don't work well in other places.

It's hard, for example, to spend money from Turkey or Brazil on your local supermarket or the movie theatre.

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The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after
vovangra [49]

Answer:

$30,000

Explanation:

The computation of the amount received by Janet is given below:

Loss on sale of other assets is

= $150,000 - $50,000

= $100,000

Share of Janet in loss is

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= $50,000

So,  

Janet revised capital balance is

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= $30,000

6 0
2 years ago
To avoid the difficulties involved in starting a business from scratch, Sana decides to obtain the rights to operate an outlet o
Mariana [72]

Answer:

Franchisee

Explanation:

A franchise business is a form of business arrangement where a business owners , who is known as the franchisor , sells the right to operate its business to another entity known as the Franchisee.

This business arrangement is legally binding an it gives right to the use of the business name , logo ,and model to third party retail outlet.

This explains the type of business arrangement that Sana is planning , considering the explanation given in the question.

8 0
3 years ago
Read 2 more answers
A portfolio manager sells Treasury bonds and buys corporate bonds because the spread between corporate- and Treasury-bond yields
Kobotan [32]

Answer: The correct answer is "an intermarket spread".

Explanation: This is an example of <u>an intermarket spread</u> swap.

  • An intermarket spread swap, is the exchange of 2 bonds within different parts of the same market in order to obtain a higher yield.
7 0
3 years ago
Why​ isn't elasticity just measured by the slope of the demand​ curve?
marissa [1.9K]
I think its B if not B than C most likely
6 0
3 years ago
Receiving cash from a customer on account will
almond37 [142]

Answer: Option B

Explanation: The receiving of cash from customers will have no effect on total assets, as the amount of inventory will decrease and the amount of cash will increase by the same amount. Thus the accounting equation will remain same from such a transaction as one asset will decrease and other will increase.

Thus, from the above we can conclude that the correct option is B.

3 0
3 years ago
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