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3 years ago

11

Money includes only the few types of wealth that are regularly accepted by sellers in exchange for goods and services. true or f

alse

2 answers:

Rom4ik [11]3 years ago

7 0

Answer: True

Explanation: think about reality what do people do for money

Yuri [45]3 years ago

6 0

Answer:

True

Explanation:

other than mone and other services most people will not accept anything else

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Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2

ValentinkaMS [17]

Answer:

(B) Operating income has increased as a percentage of revenue

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Conducting a vertical analysis,

Operating income (year 1) = Fees earned, less operating expenses

= 149,700 - 127,245 = $22,455

Therefore operating income as a percentage of revenue = 22,455/149,700 = 15%.

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Therefore operating income as a percentage of revenue = 30,700/153,500 = 20%.

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