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3 years ago

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

2 answers:

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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Don works diligently to accomplish the company goals in an efficient and effective manner, utilizing his employees through plann

eimsori [14]

Answer:

Managing

Explanation:

Managing involves effectively utilising an organisation's resources and bringing employees together to meet set goals and objectives.

Good management helps create a dynamic team where employees collaborate and give their best to achieve collective goal.

Roles are well defined and review and planning is done to effectively drive the team to success.

6 0

3 years ago

Aunt Maud's Premium Hand Lotion. The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What i

tamaranim1 [39]

COMPLETE QUESTION:

Demand Supply

P = 50 - QD P = 10 + 1/3 QS

QD = 50 - P QS = 3P - 30

Refer to Table 4-6.ȱȱ

The equations above describe the demand and supply for Aunt Maudȇs

Premium Hand Lotion.ȱȱ

The equilibrium price and quantity for Aunt Maudȇs lotion are $20 and

30 thousand units.ȱȱ

What is the value of consumer surplus?

Answer: $450,000

Explanation:

P = 50 - QD P = 10 + 1/3 QS

QD = 50 - P QS = 3P - 30

Using the above equation,

Consumer surplus = $450,000

4 0

4 years ago

Sandra, the operations manager of the Zara clothing chain, is informed that the summer line requires certain materials that are

Alecsey [184]

Answer:

<em>MRP (Material Requirement Planning)</em>

Explanation:

Material Requirements Planning (MRP) is a calculation system for the components and materials necessary to produce goods.

All of this consists of <u>three principal steps</u>:

stock of on-hand components and materials,
recognize which added bits are required and,
afterwards schedule their manufacturing or purchase.

3 0

3 years ago

Samantha put $18,500 into a savings account. after one month, the savings account grew to $18,962.50. after the second month, it

Readme [11.4K]

Answer: $24,747.92

Based on the given amounts of increased in savings for the first 3 months, we have the following assumptions:

1) That the savings increase by 2.44% monthly

$18,962.50 -18,500=462.50, 462.50/18962*100=2.44%

$19,436.56--$18,962.50=$474.06, 474.06/19,436.56*100=2.44%

$19,922.48-$19,436.56=485.92, 485.92/19,922.48*100=2.44%

2) That the monthly interest for the first 3 months had an incremental of $0.30 monthly

462.50,474.06 and 485.92 has an incremental of 11.56 and 11.86 (with a difference of .30)

Continuing on with the increments gives savings of $24,747.92 in the 12th month.

4 0

4 years ago

Read 2 more answers

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks

aliina [53]

Answer:

A. Forecast for July = 42.

B. Forecast for August = 42.45

C. Because of seasonality in the banking industry.

Explanation:

A. Forecast for July = Forecast for June + Smoothing constant x (Forecasting error)

= 42 + 0.15 (42-42) = 42

B. Forecast for August = Forecast for July + 0.15 (Forecasting error)

= 42 + 0.15 (45-42) = 42.45

C. Because there is a great deal of seasonality in the processing requirements of banking industry, this forecasting method (exponential smoothing) might not be appropriate for this situation.

5 0

3 years ago

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

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