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3 years ago

Why is representative money more useful than commodity money?

Business

2 answers:

love history [14]3 years ago

8 0

<span>Representative money is portable, durable, divisible, and acceptable.</span>

tatuchka [14]3 years ago

8 0

Before the invention of money, people exchanged the goods produced. For example, a corn producer traded with a sugar beet producer. This means that each commodity has an intrinsic value. The problem is that this value is difficult to predict. Representative money has emerged as a way of facilitating trade. Money has peculiar characteristics that differ from commodities. Money is easily carried, highly divisible and accepted by everyone. Since the creation of money, it has become easier to market goods and services.

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If employers do not require a(n) __________, performance appraisal ratings often do not match the normal distribution of a bell-

Lubov Fominskaja [6]

Answer:

forced distribution

Explanation:

Based on the rest of the sentence it can be said that the missing term is forced distribution. This is a system that requires managers to evaluate each individual and rank them typically into one of three categories. These categories are excellent, good, and poor and allow managers to indicate if the employee should be terminated, is doing good, or is in-line for promotion as indicated in the graph below. This term is also known as the vitality curve or bell curve.

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3 years ago

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BaLLatris [955]

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2 years ago

Read 2 more answers

Upton Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products usin

Nataliya [291]

Answer:

$67.80.

Explanation:

Long Short

Direct materials per unit $ 14.70 $ 48.50

For 60,000 units 882,000

Direct labor per unit $ 17.30 $ 50.90

For 60,000 units 1038000

Direct labor-hours per unit 0.70 2.10

Estimated Overhead 1796,077 1690,343

Total Costs 3716077

Unit Cost = Total Costs/ No of units = $ 3716077/ 60,000= $ 61.93=$ 62

Working

Direct labor support Cost for Long= ( $ 2,034,020 / 63,000 )* 42,000 =

$ 1356,013

Setting up machines Cost for Long(434,400 / 2,940 )*1190= $175,829

Part administration Cost for Long =( 1,018,000 / 3,660)* 950= $ 264,235

Long Short

Direct materials per unit $ 14.70 $ 48.50

Direct labor per unit $ 17.30 $ 50.90

Direct labor-hours per unit 0.70 2.10

Annual production 60,000 10,000

Estimated total manufacturing overhead $3,486,420

Estimated total direct labor-hours 63,000

Activities Activity Estimated

Measures Overhead Cost

Direct labor support (DLHs) $ 2,034,020

Setting up machines (setups) 434,400

Part administration (part types) 1,018,000

Total $ 3,486,420

Expected Activity Long Short Total DLHs

42,000 21,000 63,000

Setups 1,190 1,750 2,940

Part types 950 2,710 3,660

The unit product cost of product Long under the company's traditional costing system is closest to:

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3 years ago

You started a new job working 4 days a week. During a work day you can complete 3 tasks per hour. You also take a half hour for

aleksandr82 [10.1K]

21 tasks, if you use your lunch break and your 2 15 minute breaks

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3 years ago

Liam O'Kelly is 20 years old and is thinking about buying a term life insurance policy with his wife as the beneficiary. The qu

Rashid [163]

Because the future value of annual premiums deposited in a mutual fund is 755 (F/A, 9%, 45) = $397,023.34, Then, the friend is correct since the mutual fund is roughly three times the sum under the Insurance policy.

<h3>Was Liam's suggestion correct?</h3>

Generally, Premium payment is mathematically given as

X=60-20

X=45years

Where future value is

755 (F/A, 9%, 45)

In conclusion

755 (F/A, 9%, 45) = 755 * 525.8587

755 (F/A, 9%, 45) = $397,023.34