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2 years ago

When the receipts given by goldsmiths to depositors were used to make purchases, _________

Business

1 answer:

Sholpan [36]2 years ago

3 0

Answer:

The correct answer is option d.

Explanation:

Money can be defined as something which is accepted as a medium of exchange in the economic transactions involving the exchange of goods and services.

When the receipts given by the Goldsmiths were used to make purchases, they served the medium of exchange function of money.

So these receipts in effect became paper money.

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Why do we need to budget our resistance/income

ahrayia [7]

Answer:

metropolitan .....................................

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2 years ago

Bee Company is a honey wholesaler. An income statement and other data for the second quarter of the year are given below: Bee Co

Tanya [424]

Answer:

selling and administrative cost formula:

Y = $166,200 + $6.80X

Explanation:

First we solve for the units sold during hte period:

sales: 960,000

unit selling price: 60

units sold: 960,000 / 60 = 16,000

Then we calcualte the variable cost of both, selling and administrative:

selling variable 8% of selling 8% of $60 = 4.8

administrative $ 2

total variable: 6.8

Now we solve for fixed cost:

275,000 = 6.8 (16,000) + fixed

fixed = 275,000 - 108,800 = 166,200

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2 years ago

A company's beginning Work in Process inventory consisted of 20,000 units that were 20% complete with respect to direct labor. T

s2008m [1.1K]

Answer:

88,000 equivalent units for the period

Explanation:

one way : work on beginning + started - incomplete ending

20,000 x (1 - 0.2) = 16,000 units work on BI WIP during the period

90,000 units started

30,000 x (1- 0.4) = (18,000) unfinished equivalent units

88,000 equivalent units for the period.

Other way: work on beginning + start and trasnferred + work on ending

20,000 x (1 - 0.2) = 16,000 units work on BI WIP during the period

60,000 started and transferred-out

30,000 x .4 = 12,000 work on ending WIP

88,000 equivalent units for the period.

Other way: transferred out + work on ending - previous work on beginning

80,000 transferred out

30,000 x .4 = 12,000 work on ending WIP

20,000 x .2 = (4,000) previous work on beginning

88,000 equivalent units for the period.

6 0

2 years ago

Explain why the private sector is reluctant to produce public goods

nordsb [41]

The private sector understand know how to clearly give customers what they want and need but it is hard to do that as a collective need and often satisfies different consumers for different reasons. Because they are unable to satisfy everyone all of the time with the same needs and wants, it is better to leave the government in control of security, defense, highways and things that are a standard need for everyone.

6 0

2 years ago

Gross Private Domestic Investment $46 Exports of the U.S. 9 Disposable Income 190 Personal Saving 10 Government Purchases 84 Net

Mamont248 [21]

Answer:

$228

Explanation:

Calculation to determine what Personal income is

Using this formula

Personal income=Disposable Income + Personal Taxes

Let plug in the formula

Personal income=$190+$28

Personal 1ncome $228

(190+38)

Therefore Personal income is $228

7 0

2 years ago