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4 years ago

Which of the following most accurately explains why commodity money has

Business

1 answer:

butalik [34]4 years ago

5 0

Answer:

The correct answer is (D)

Explanation:

The most and critical use of money is that it can be used as a medium of exchange. Likewise, the main reason why money is considered as an essential factor is that it can be traded for any good or service. So, commodity money is a good that can be used as a medium of exchange or for some other purpose.

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Suppose the price elasticity of demand for fishing lures equals 1.5 in South Carolina and 0.63 in Alabama. To increase revenue,

DaniilM [7]

Answer:

Explanation:

In this question, we are asked what should be done to increase revenue, given the price elasticity of demand for fishing in the two places.

We answer the question as follows:

The value of 1.5 shows that the price elasticity of demand for fishing in South Carolina is elastic. This means a decrease in price will lead to revenue increase

Also, If price elasticity of demand is 0.63, then an increase in the price will lead to revenue decrease in Alabama.

Hence it can be said that if the price elasticity of demand for fishing lures equals 1.5 in South Carolina and 0.63 in Alabama.

To increase revenue, fishing lure manufacturers should lower prices in South Carolina and raise prices in Alabama.

Hence option a is the correct Option

5 0

3 years ago

Marie's Fashions is considering a project that will require $39,000 in net working capital and $68,000 in fixed assets. The proj

inessss [21]

Answer:

$32,375

Explanation:

The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT = Sales - costs - depreciation expense

= $78,500 - $41,000 - $17,000

= $20,500

And, the income tax expense would be

= (Sales - costs - depreciation expense) × tax rate

= $20,500 × 25%

= $5,125

The depreciation expense would be

= (Original cost - residual value) ÷ (useful life)

= ($68,000 - $0) ÷ (4 years)

= ($68,000) ÷ (4 years)

= $17,000

Now put these values to the above formula

So, the value would equal to

= $20,500 + $17,000 - $5,125

= $32,375

6 0

3 years ago

Prices become higher when a unique and highly desirable item is auctioned because the

gulaghasi [49]

The prices become higher when a desirable item is auctioned because the demand of the item rises when more people want it and only one person can get it. When this happens the price will rise immensely because the buyer wants it more than the other people so they bid higher to win the auction.

7 0

4 years ago

A U.S. company has many foreign subsidiaries and wants to convert its consolidated financial statements from U.S. GAAP to IFRS.

tiny-mole [99]

Answer: the correct answer is measuring salaries expense

Explanation: US GAAP means Generally Accepted Accounting Principles.

The primary difference between the two systems is that GAAP is rules-based and IFRS is principles-based. GAAP does not allow for inventory reversals, while IFRS permits them under certain conditions. Another key difference is that GAAP requires financial statements to include a statement of comprehensive income.

5 0

3 years ago

How gross profit or loss is computed

Nutka1998 [239]

Answer:

Take your gross sales revenue for the accounting period and subtract discounts, allowances and returns. This gives you net sales. Subtract the cost of goods sold from net sales and you get gross profit. In some cases, this might be a gross loss

5 0

3 years ago