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3 years ago

What is used as a set of standard in measurement?

Business

2 answers:

fgiga [73]3 years ago

3 0

Explanation:

A unit of measurement is a definite magnitude of a quantity, defined and adopted by convention or by law, that is used as a standard for measurement of the same kind of quantity. ... Now there is a global standard, the International System of Units (SI), the modern form of the metric system.

Veseljchak [2.6K]3 years ago

3 0

A unit of measurement is a definite magnitude of a quantity, defined and adopted by convention or by law, that is used as a standard for measurement of the same kind of quantity.

Hope this helps

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The following units of an item were available for sale during the year:

valina [46]

Best answer

a firm has beginning inventory of 300 units at a cost of 11 each. production during the period was 650 units at 12 each. if sales were 700 units what is the cost of goods sold (assume FIFO)

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3 years ago

What is a commodity?

BabaBlast [244]

The correct answer is D. Something of value that can be bought, sold, or traded

Explanation:

The word "commodity" is used in economics to refer to any good or product that has an economic value and due to this, can be part of the market. This means any commodity can be traded, sold, or bought. Moreover, this concept is mainly applied to raw materials such as coal, timber, or wheat that can be used to make other manufactured products such as plastics, furniture, or flour. According to this, the option that correctly describes the word commodity is option D.

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3 years ago

Suppose a large country experiences economic growth which results in a reduced willingness to trade. The country’s terms of trad

eimsori [14]

Answer:

The correct answer is letter "B": improve; rise.

Explanation:

Terms of Trade measures the efficiency of a country's trade. It is a ratio which compares the exports of a country with its imports. It is calculated by dividing the export value by the import value, and by multiplying the result by one hundred (100). A terms of trade figure higher than 100, means a country exporting goods at a higher value than its imports.

Given the case that there is no willingness to trade in an economy after a growth, the most possible scenario to take place is that the trade terms will improve as a result of the decrease in the demand of imports and assuming the level of exports keeps at the constant level that allowed the economic growth or if it even rises.

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4 years ago

Beachside Coffee Shop, in an effort to streamline its accounting system, has decided to utilize a cash receipts journal in its o

Kisachek [45]

Answer:

the available options for the question are,

A. Cash Cr. $18, Food Revenue Dr. $18,

B. Cash Dr. $18, Food Revenue Dr. $18

C.Cash Dr. $18, Food Revenue Cr. $18

D. Cash Cr. $18, Food Revenue Cr. $18

and the correct answer is C.Cash Dr. $18, Food Revenue Cr. $18

Explanation:

the answer is simple. once they implement the accounting system, all the transaction will have at least a double entry.

when a cash sale is made for $18, this is a revenue stream for the business, while the cash balance of the business increases as well. Revenue account is an income and an increase in income is treated as increase in credit while the cash balance is an asset, and the increase of the asset is treated as a debit.

if you look at options A, B and D, all of these transactions are either mixed up or have both credits or debits which is wrong, because of this, only the answer C is correct.

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3 years ago

Plzzz help (use attached photo)

myrzilka [38]

Answer:

Academic achievements. ...

Relevant coursework. ...

Clubs. ...

Sports and musical instruments. ...

Volunteer work. ...

Languages. ...

Computer skills. ...

Any kind of employment at all.

Explanation:

7 0

4 years ago

What is used as a set of standard in measurement?​

What is used as a set of standard in measurement?