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3 years ago

What is money? Which of the following are functions of money? Correct Answer(s)

Business

1 answer:

kari74 [83]3 years ago

6 0

Answer: OPTION A , B , D

Explanation: In simple words, money can be defined as any thing through the exchange of which an individual can purchase any commodity he desires and for the exchange of which he can sell any commodity he wants. Cash, coins , bank check and credit cards are modern forms of money.

A. Money serves as a standard unit for all goods hence option A is correct.

B. Money can be exchanged for every commodity available hence option B is correct.

D. Money is non depreciable asset hence it can be stored for future use leading to increase in wealth. Hence option D is correct.

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Background material, fact sheets, news releases, and sample photos are commonly found in what important business communication p

ad-work [718]

Answer: Background material, fact sheets, news releases, and sample photos are commonly found in a Press release

Explanation: A press release is an official statement that is sent to members of the media, to provide certain information related to an event or announcement made by the company, usually accompanied by certain material that documents the launch, such as photos and audiovisual material. These releases can save a company time to announce the events and with globalization, these releases can have a much greater reach than before.

8 0

2 years ago

On October 1, 20X6, Susan Thompson opened Thompson Decorating Services, a sole proprietorship. Susan began operations with $50,0

galben [10]

Answer: income statement: Net income $5,100, Statement of owners Equity :Total $35,100, Balance sheet : Total Liabilities $53,200, Total Asset $53,200

Explanation:

Thompson Decoration Services

Income Statement for the month ended 31 st October 20X6

Revenue. 18,300

Less Expenses

Salaries. 8,700

Advertising 2,500

Less: outstanding 700

-------

1,800

Taxes. 150

Postage. 1,800

Utilities. 100

Interest. 450

Miscellaneous. 200

------------

13,200

--------------

Net income. 5,100

-----------------

Statement of owners Equity for the month ended 31st October 20X6

Common Stock. Paid in capital. Retained Earnings Treasury stock Total

Balance Oct 1. 30,000. 30,000

Issued share for cash. - - - - -

Purchase of treasury stock - - - - -

Net income. - - 5,100. 5,100

Cash dividend. - - - - -

Stock dividend. - - - - -

------ ------ --------- ---------- -------------

Balance on Oct 31. - - 5,100 - 35,100

---------- -------- -------- ---------- --------------

Thompson Decoration Service

Balance sheet for the month ended 31st October 20X6

Current Asset

Debtors. 4,100

Account Receivable 14,200

-----------

Total Current Asset. 18,300

Fixed Asset

Van. 16,000

Office Equipment. 4,000

Furnishing. 14,900

-----------

Total Fixed Asset. 34,900

--------------

Total Asset. 53,200

---------------

Long term Liabilities

Capital. 30,000

Add: Net income 5,100

----------

35,100

Less: Drawing. 5,500

-----------

29,600

Loan. 20,000

-----------

Total Long term Liabilities 49,600

Current Liabilities

Outstanding 2,800

Interest. 450

Taxes. 150

Miscellaneous 200

--------------

Total Current Liabilities 3,600

--------------

Total Liabilities. 53,200

----------------

4 0

3 years ago

Read 2 more answers

Alberto determined one of the metrics he would use to gauge the level of exposure his marketing message had with his target mark

Nat2105 [25]

Alberto determined one of the metrics he would use to gauge the level of exposure his marketing message had with his target market was the number of times the target was exposed to his message throughout the six weeks of the campaign, representing its "frequency" is represented by this.

<h3>What is the market frequency?</h3>

The likelihood that a particular consumer will see an advertisement during a marketing campaign is known as frequency.
A person is more likely to engage with the advertisement in a meaningful way and to interact with your business on a number of different levels if they are exposed to it more frequently.

<h3>What is Marketing?</h3>

Marketing describes the actions a business does to encourage the purchase or sale of a good or service.
Advertising, selling, and delivering goods to customers or other firms are all included in marketing.
Affiliates perform some marketing on behalf of a business.

Learn more about market frequency here:

brainly.com/question/15591335

#SPJ4

8 0

1 year ago

Multiple Choice Question 71 Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of

seropon [69]

Answer:

Allocated MOH= $5,250,000

Explanation:

Giving the following information:

Overhead costs:

Machining = $5,000,000

Assembling= $2,500,000

Regular:

Direct labor hours= 10,000

Machine hours= 10,000

Number of parts= 90,000

Supreme:

Direct labor hours= 15,000

Machine hours= 30,000

Number of parts= 160,000

First, we need to calculate the estimated overhead rate for each department. For Machining, we will use the machine hours. For Assembling, we will use the direct labor hours.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

<u>Machining:</u>

Estimated manufacturing overhead rate= 5,000,000/ (10,000 + 30,000)= $125 per machine hour

<u>Assembling:</u>

Estimated manufacturing overhead rate= 2,500,000/(25,000)= $100 per direct labor hour

Now, we can allocate overhead to supreme.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= (125*30,000) + (100*15,000)= $5,250,000

6 0

2 years ago

True or False: The term “academic training” refers primarily to formal classes taken in school.

Alla [95]

Answer:

False

Explanation:

4 0

3 years ago

Read 2 more answers