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ivolga24 [154]
3 years ago
15

Money is: the gold and silver behind the currency and the coins that are issued by the government. only the printed paper curren

cy and the coins that are produced by the government. anything that both buyers and sellers will accept in exchange for goods and services. any good that buyers and sellers have a desire to purchase, use, or hold.
Business
1 answer:
ehidna [41]3 years ago
4 0

Answer:

anything that both buyers and sellers will accept in exchange for goods and services

Explanation:

Money is anything that is accepted as payment for goods or services or as repayment of debt. According to economists, money refers to something beyond just paper bills and coins. It is a medium of exchange , unit of account  and store of value. Money can be used to transport purchasing power from one time period to another.

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About economic.... question of demanded​
Veseljchak [2.6K]

Answer:

please could you say the question or be more elaborate

8 0
2 years ago
62. In the MARKET GROWTH stage of the product life cycle: A. competing products become almost the same in the minds of potential
OleMash [197]

Answer:

d

Explanation:

this is where the product is marketed and continues to pick up customers who will use the product repeatedly and refer others for its usage

3 0
2 years ago
Logano Driving School’s 2017 balance sheet showed net fixed assets of $2.4 million, and the 2018 balance sheet showed net fixed
mamaluj [8]

Answer:

The answer is: $1,219,000

Explanation:

The formula used to calculate Logano Driving School's net capital spending for the year is:

net fixed assets 2018 - net fixed assets 2017 + depreciation expense 2018

net capital spending = $3,300,000 - $2,400,000 + $319,000

net capital spending = $1,219,000

8 0
3 years ago
The audit working papers often include a client-prepared, aged trial balance of accounts receivable as of the balance sheet date
Mars2501 [29]

Answer:

C. Estimate credit losses.

Explanation:

the client prepared aged triad balance of account receivable is generally included in audit documents so that the evaluation of estimated credit losses can be done.

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7 0
3 years ago
Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In late December, he performed $
drek231 [11]

Answer: a. $14,000

b. $14,106

c. January

2. $15,535

Explanation:

a. If Hank sends the bill in December.

Tax rate is 30% this year.

Amount is $20,000

After Tax Income = 20,000 * (1 - tax)

= 20,000 ( 1 - 30%)

= $14,000

b. If Hank pays Next year

Tax rate is 33%

After tax return rate of 12%

Amount is 20,000

Tax = 20,000 * 33%

= $6,600.

Because this is next year, the present value of the tax needs to be computed for better comparison.

With an after tax return of 12%, the PV will be,

= 6,600 * PV factor ( 12%, 1 period)

= 6,600 * 0.893

=  $5,894

The income therefore will be,

= $20,000 - 5,894

= $14,106

c. Hank should pay in January as he would make more income.

2. Tax rate is 25% next year and income is to be received next year.

Tax = 20,000 * 25%

= $5,000

PV of $5,000 = 5,000 * PV Factor (12%, 1 period)

= 5,000 * 0.893

= $4,465

After tax income = 20,000 - 4,465

= $15,535

5 0
3 years ago
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