Money does what it does. Explain

Business

1 answer:

Jet001 [13]2 years ago

6 0

Answer:

Money is often defined in terms of the three functions or services that it provides.Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Money's most important function is as a medium of exchange to facilitate transactions.

Happy to Help

Pls mark as Brainliest.

You might be interested in

Gi Gi's Bakery has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate t

Neko [114]

1.34 over 3.86 xxxxxxxxxxxxxxxxxx

5 0

3 years ago

Ashlynn heard that as a general rule, she should spend no more than one week's pay on rent. If Ashlynn's salary is $32,400 per y

Trava [24]

The answer is A.$623.

4 0

2 years ago

Read 2 more answers

Lynn regularly works a 40-hour week and earns $9 per hour. She receives time-and-a-half pay for each hour of overtime she works.

ANTONII [103]

Answer:

Her regular gross pay is $360

Explanation:

Regular gross pay is that pay which the person earn on daily basis or it is a fixed amount which he gets after completing a month.

In the question, we have to find out the regular gross pay which includes the daily earning of a person

So, her regular gross pay is equal to

= number of hours × rate per hour

= 40 × $9

= $360

We don't include overtime wages as it is not included in regular gross pay. So, it is ignored.

Hence, her regular gross pay is $360

6 0

2 years ago

Phillips industries runs a small manufacturing operation. for this fiscal year, it expects real net cash flows of $197,000. the

Stolb23 [73]

Answer: Present value of the cash flows of the company is $1,158,824.

Explanation: Philips industries have the cash flow for $197,000. The industry needs to find the present value of the cash flow and the cash flows growth is decreasing every year by 6%.

The present value of the cash flows for perpetuity with decreasing growth rate is:

$Present value = Cash flow for year 1 (C1) / (discount rate - growth)$