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Norma-Jean [14]
3 years ago
5

You mow your​ neighbor's yard and he pays you​ $25. Which function of money does this BEST​ represent?

Business
2 answers:
elena55 [62]3 years ago
5 0
You mow your​ neighbor's yard and he pays you​ $25. Which function of money does this BEST​ represent? Medium of exchange. The function of money, medium of exchange, is the exchange of money for a good or service. They are facilitating the transaction by paying the neighbor for the lawn cutting service. 


Ivan3 years ago
4 0

Answer:

The correct answer is Medium of Exchange.

Explanation:

There are three Functions of Money. One of the function is Medium of Exchange. Second one is the Store of Value and the Third one is Unit of account.

In this example, the function of the money is represented as the Medium of Exchange. One neighbor mow others neighbor's yard and in exchange of this service, the other neighbor paid $25 to that neighbor who did the service of mowing for him.

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GrogVix [38]

if a firm want to adjust the cost of a service by 2% to stay competitive, such firm will be focusing on the <u>Price in marketing mix</u>.

<h3>What is a marketing mix?</h3>

In marketing, these mix refers to those elements of a business's marketing that are designed to meet the needs of its customers.

The four elements of marketing mix are often called 4 'Ps' and includes:

  • price
  • product
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In conclusion, the firm will be focusing on the Price in marketing mix if a firm want to adjust the cost of a service by 2% to stay competitive,

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4 0
1 year ago
"ned sets up an arrangement where some of his property is managed by a trustee for the benefit of beneficiaries. ned reserves th
Irina18 [472]

I believe the answer is:  An Revocable Living Trust

Revocable living trust refers to a form of planning that help you determine the person who would obtain your properties when you die. A revocable living trust would cover three phases of the maker's life:   his lifetime, possible incapacitation, and what happens after his death.

8 0
3 years ago
Determine the amount of the 2018 standard deduction allowed in the following independent situations. In each case, assume the ta
wlad13 [49]
I believe it’s b.
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4 0
3 years ago
Aguilera corp. has a current accounts receivable balance of $336,500. credit sales for the year just ended were $4,515,830. what
Alika [10]

The receivables turnover ratio is an activity ratio computing how proficiently a firm uses its assets.

Receivables turnover ratio can be calculated by: net value of credit sales during a given period divided by the average accounts receivables.

Receivables turnover = sales / receivable

= 4,515,830 / 336,500

= 13.42

 

Days’ sales in receivables = 365 days/ receivable turnover

= 365 / 13.42

= 27.20

The average collection period is 27.20 days.

6 0
3 years ago
Anchor Company purchased a manufacturing machine with a list price of $93,000 and received a 2% cash discount on the purchase. T
r-ruslan [8.4K]

Answer:

$100,340

Explanation:

<em>The amount of cost recorded in the asset account would be:</em>

List price                                    $93,000

Less: Discount ($93,000*2%)   $1,860

Add: Freight                               $3,800

Add: Installation&Testing          <u>$5,400 </u>

Cost of the machine                 <u>$100,340</u>

Note: Insurance cost is not included in the cost of the machine

6 0
3 years ago
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