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hichkok12 [17]
2 years ago
13

When you stuff dollar bills under your mattress, knowing that they will be there next year to help buy your next major purchase,

money is serving which function:
Store of real assets

Medium of exchange

Store of wealth

Unit of account
Business
1 answer:
olasank [31]2 years ago
3 0

Answer:

Store of wealth

Explanation:

Store of wealth means that money retains it value and purchasing power over time. Thus, it can be stored or kept away and used sometime in the future without money losing its value.

Other functions of money are :

1. Medium of exchange: money can be used to exchange for goods and services in transactions.

2. Unit of account: money can be used to determine the value of goods and services being exchanged.

I hope my answer helps you

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Why is it important to gather facts from a variety of sources so you can make fair, objective decisions before delivering bad ne
snow_tiger [21]

The situation may be disturbing, but solutions should not usually be based on emotion. Your first interpretation of the situation may not be the only valid view.

Don't try to sugarcoat the truth. It's best to be open and honest about what happened and what you're going to do to make it right. Remember that your attitude and the clarity of your message are two very important factors in this conversation. Be open, clear, and honest.

Bad news can be effectively clarified and explained by communicating it directly. D. Verbal communication of bad news includes instructions for later reference by the recipient of the bad news.

It's important to be open, honest, and empathetic. Provide all the facts you have and give your employees the time they need to digest the news and ask questions. Guarantee that you will do your best.

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3 0
2 years ago
The company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space c
WITCHER [35]

Based on the cost to produce each unit of the switches and the annual demand, the total costs will be $25,900 more than the cost of purchasing the switches.

<h3>What is the cost of producing the switches?</h3>

This can be found as:

= Variable cost + set up costs + supervisor's salary + opportunity cost of lost rent

= ( (6 + 5 + 4) x 5,000 units) + 45,500 + 41,000 + (3,700 x 12 months)

= $205,900

If they bought the switches at $36, they would cost:

= 36 x 5,000

= $180,000

Its cheaper to buy by:

= 205,900 - 180,000

= $25,900

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7 0
1 year ago
Firms typically repurchase office supplies (paper, ink cartridges, pens, etc.) through straight rebuys on their supplier's websi
Akimi4 [234]

Answer: The options are given below:

A. Yes; the sales rep might learn about a new opportunity in the need recognition stage.

B. Yes; history has shown that online reordering can't be trusted.

C. Yes; straight rebuys require a lot of the sales rep's assistance.

D. No; this is a waste of time since straight rebuys are straightforward and easy to handle.

E. No; the sales rep should be looking for new customers instead.

The correct option is A. Yes; the sales rep might learn about a new opportunity in the need recognition stage.

Explanation: Maintaining a strong relationship with customers is very vital to a business. This is because a sales rep will get current, up-to-date, and firsthand information from customers about their changing needs and this will better equip the sales rep to meet the dynamic needs of customers promptly.

For instance, a customer might decide to increase the quantity of inks to be bought, this need recognition opportunity can only be known to the sales rep if the sales rep has always been in touch with the customer.

7 0
2 years ago
For the Somerset Furniture Company described in Case Problem 10.1 in Chapter 10, determine the product lead time by developing a
m_a_m_a [10]

Answer:

Possible transportation modes are discussed below in detail.

Explanation:

• Purchase Request: 12 - 25 days

• Process buy request abroad: 10 - 20 days.

• Manufacturing process: 60 days

• Transport from plant to port: 1-14 days

• Paperwork: 5 - 10 days

• Wait for the container: 1 - 7 days*

• Load compartments: 3 - 6 days

• Ship days: 28 days

• Custom clearance: 7 – 14 days

• Warehouse transportation: 1-3 days

Delivery time is around 136 minimum days and  191  maximum days. Likewise,  the average delivery time is 163 days. Companies such as international trade specialist, trade logistics companies and Internet exchanges can help the company to reduce the delivery time by facilitating the trade channels. These intermediate channels can help to attain objectives in timely manner.

5 0
2 years ago
PLEASE ANSWER ASAP! Which of the following statements are true about brokerage firms? (Select all that apply.)
Zepler [3.9K]

Answer:

C and E.

Explanation:

Brokerage Firms are those firms that acts an a middlemen between the buyer and a seller to expedite a transaction. It is a financial institutions that ease the buying and selling of securities. These companies also charge a amount of fee or compensation on the completion of transactions. A brokerage firm is also known as brokerage company or brokerage.

There are three types of brokerage firms. They are:

  1. Full-service brokerage
  2. Discount brokerage
  3. Robo-advisors.

The discount brokerage provides less comprehensive services than the traditional one or the full-service brokerage. These services are provided via online as well by discount brokerage.

So, from the given options the correct options are C and E.

6 0
3 years ago
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