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kolezko [41]
3 years ago
8

Barter requires that you know the market value of all the goods and services that you want and have to offer. are a member of an

established barter network. find a person who has what you want and a person who needs what you have to offer. live in an area where there are people with diverse talents and a market with diverse products. The use of money provides a common value that makes buying and selling transactions simpler as long as there is one currency in use. establishes the value of goods and services. provides a common value that makes bartering transactions simpler. provides a common value that makes buying and selling transactions simpler than would be the case with barter. Consider the statement: "We want money only to part with it." When people express a desire to have money, they really want a larger balance in their checking accounts. to be rich. a better paying job. the goods and services that money can buy.
Business
2 answers:
inn [45]3 years ago
8 0

Answer: the goods and services that money can buy.

Explanation: this phrase simply means we only want money so we can spend it on other goods/services. Examples of such goods and services are

1. Cars

2. Electronics ( Television s)

3. Foods e.t.c

This begs the question what is money: money is a medium or means of exchange, money can be banknotes or coins.

mr_godi [17]3 years ago
6 0

Answer:

Barter requires that:

  • find a person who has what you want and a person who needs what you have to offer. IN A BARTER SYSTEM, YOU TRADE ONE GOOD FOR ANOTHER, BUT YOU NEED TO FIRST FIND A GOOD THAT YOU WANT (SIMILAR TO MONEY), BUT THE SELLER MUST ALSO BE WILLING TO ACCEPT THE GOODS THAT YOU OFFER (NOT SIMILAR TO MONEY)

The use of money provides:

  • a common value that makes buying and selling transactions simpler as long as there is one currency in use. ONE THE FUNCTIONS OF MONEY IS TO SERVE AS A UNIT OF ACCOUNT IN ORDER TO MAKE PRICE COMPARISONS EASIER.

When people express a desire to have money, they really want:

  • the goods and services that money can buy. ANOTHER FUNCTION OF MONEY IS SERVING AS A MEDIUM OF EXCHANGE, SINCE THE VALUE OF MONEY IS NOT GIVEN BY THE PRINTED PAPER, BUT BY WHAT MONEY REPRESENTS.
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Answer:

a gain for 6,000 dollar will be recognized

the new bonds basis will be of 22,000

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Total proceeds from the sale:

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The basis of the bond gifted was 19,000

Therefore, there is a realzied gain on sale for the difference which is 6,000 dollars.

The new bonds are worth 22,000 therefore their basis will be of 2,,000 dollars

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3 years ago
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Which of the above diagrams illustrates the effect of an increase in automobile worker wages on the market for automobiles?
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The answer is D only.
The diagram shows a shift in the supply curve. Changes in production cost and related factors can cause an entire supply curve to shift right or left. This in turn causes a higher or lower quantity to be supplied at a given price. Additionally, if the cost of resources used to produce  a good increases, sellers  or suppliers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left. Those factors that increase production efficiency such as technology advances, shifts the  supply curve to the right.
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Scenario 1: Richman Investments provides high-end smartphones to 250 of their 3000 employees. The value of each smartphone is $1
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Answer:

13,710

Explanation:

The computation of the forecast for period 5 using a four period weighted moving average is shown below:

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Answer:

The correct answer is accounting profit is positive.

Explanation:

Economic profits are the difference between the total revenue earned by selling the goods and total costs incurred in the production process. It includes both implicit as well as explicit costs.

The explicit costs are the direct costs incurred in the production process. There is an actual payment involved.  

The implicit costs are the indirect costs incurred. They are generally the opportunity cost of sacrificing the alternative option. There is no actual payment involved.  

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A normal profit means zero economic profits. But accountable profits is higher than economic profits, so there will be some positive accountable profit.

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