All categories

3 years ago

Of money's three functions, the one that distinguishes money from other assets is:

Business

1 answer:

NNADVOKAT [17]3 years ago

5 0

Answer:

Medium of Exchange

Explanation:

The main function that distinguishes money from other assets is that everybody accept the money as a medium of exchange, either for our job or to buy things that we are interested.

Always through history the main function of money was to be a medium of exchange because at the begining money didn't exist so you needed to use different things, first salt, then precious metal and today money as we know.

You might be interested in

When Terry Doyle of CommuniCom, Inc. created smaller, more independent maintenance units, he was performing the function of:

leva [86]

Answer:

Organising

Explanation:

Organising is defined is the process of sharing responsibility based on sections and departments. It is also establishment of relationship among between the people involved in a project so that efficiency is ensured.

In this scenario where Terry Doyle of CommuniCom, Inc. created smaller, more independent maintenance units, he is performing organising function by allocating resources in the organisation.

8 0

3 years ago

Read 2 more answers

Pajama Corp. uses direct materials (fabric, thread, buttons), and direct labor (cutting, sewing labor) to make each pair of paja

RUDIKE [14]

Question Completion:

Estimated manufacturing overhead costs = $156,000

Estimated direct labor cost = $390,000

Estimated direct materials cost = $350,000

Answer:

Pajama Corp.

The cost driver rate = $0.40 per DL cost.

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead costs = $156,000

Estimated direct labor cost = $390,000

Estimated direct materials cost = $350,000

Cost driver rate = $0.40 ($156,000/$390,000)

b) To calculate the cost driver rate, Pajamas Corp. divides the total estimated manufacturing overhead costs by the cost driver (direct labor cost). This implies that the cost driver rate is the total cost of activity pool divided by its cost driver. This yields the amount of overhead and indirect costs related to a particular activity.

7 0

2 years ago

Gilberto plants a variety of trees, shrubs, and flowers in his yard. The landscaping beautifies the neighborhood. Which of the f

Alisiya [41]

<h3><u>Answer:</u></h3>

Gilberto plants a variety of trees, shrubs, and flowers in his yard. The landscaping beautifies the neighborhood. Due to this, a positive external will be generated.

<h3><u>Explanation:</u></h3>

So basically Gilberto's planting is creating positive externality because negative externality is when the third party gets negatively affected by production or consumption. Production or Consumption of something, whether third party is directly or indirectly involved.

An example to explain this is smoking cigarettes, a person when smokes not only causes harm to his body but also other people who might not be related to him by passive smoking and also by causing air pollution. But when it comes to planting it is not possible for it to not generate any externality. In fact, it generates positive externality by contributing to the environment.

4 0

2 years ago

Monotheism

Ghella [55]

Answer:

oooooooooooooooooiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiicxvbzshxgsxhjzxhsjhsjxshyxhs

Explanation:

4 0

2 years ago

The following are the transactions for Evans Company: a. Sold merchandise for $645. The cost of goods sold was $375. b. Sold mer

omeli [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

7 0

3 years ago