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quester [9]
3 years ago
9

Explain why cattle would not be good to use as money today

Business
2 answers:
Paul [167]3 years ago
5 0

Cattle would not be good used as currency today because some cattle can be more unhealthy than another causing disputes. Also when paying in a store it would be a great inconvenience.

Snowcat [4.5K]3 years ago
5 0

Money has taken many forms through the ages: shells, wheels, beads and even cows. All forms, though, have always had three things in common. Find out what in this eight-minute episode of our Economic Lowdown Podcast Series. You will also learn how commodity money differs from representative money and how both differ from today's fiat money.

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Bayside Coatings Company purchased waterproofing equipment on January 2, 20Y4, for $190,000. The equipment was expected to have
andriy [413]

Answer & Explanation:

Straight Line table

\left[\begin{array}{cccc}Year&dep \: expense&acc \: dep&net\:  book \: value\\0&-&-&190,000\\1&45,250&45,250&144,750\\2&45,250&90,500&99,500\\3&45,250&135,750&54,250\\4&45,250&181,000&9,000\\\end{array}\right]

<em><u>The straight-line Method</u></em> is simply and easy to understand, It distribute the depreciation equally between years. So that implies that the formula should be:            

\frac{Adquisition \: Value- \: Salvage \: Value}{useful \: life}= Depreciation \: coplete \: year            

195,000 - 9,000 = 181,000

181,000 / 4 = 45,250

Double Declining table

\left[\begin{array}{cccc}Year&Dep \: Exp&Acc \: Dep&Ending \:Book \:Value\\0&-&-&190,000\\1&95,000&95,000&95,000\\2&47,500&142,500&47,500\\3&23,750&166,250&23,750\\4&14,750&181,000&9,000\\\end{array}\right]

<em><u>The Double declining  </u></em>You double the straight line rate

\frac{1}{useful \: life} \times 2 = DD \: rate \\\\(1/4) \times 2 = 1/2

Current Book Value x rate = depreciation expense

190,000 x 1/2 = 95,000

8 0
3 years ago
Ann has 3/4 as many stickers as Brenda. Brenda has 2/5
grin007 [14]

Answer:

A) 3:10

B) 3/10

Explanation:

A) Let the number of stickers that Corrine has be x.

We are told that Brenda has 2/5

as many stickers as Corrine.

Thus;

Brenda has (2/5)x stickers

Also, we are told that Ann has 3/4 as many stickers as Brenda.

Thus;

Ann has: ¾ × (2/5)x stickers = 3x/10 stickers

Thus;

ratio of the number of stickers Ann has to the number of stickers Corrine has = (3x/10) : x. This gives; 3:10

B) fraction of stickers Anne has to the number that Corrine has is 3/10

4 0
3 years ago
Why are businesses concerned about non renewable resources?
Mars2501 [29]
Because eventually it could run out if not used efficiently 
8 0
3 years ago
Read 2 more answers
the area of a rectangle is 600 cm2 and its breadth is two-third of its length find the length and breadth of the rectangle​
alexandr1967 [171]

Given:

Area of a rectangle is 600 \text{cm}^2.

Breadth is two-third of its length.

To find:

The length and breadth of the rectangle​ .

Solution:

Let x cm be the length of the rectangle.

Then, Breadth or width of the rectangle = \dfrac{2}{3}x cm

Area of a rectangle is

Area=Length \times Breadth

600=x \times \dfrac{2}{3}x

600=\dfrac{2}{3}x^2

Multiply both sides by 3.

1800=2x^2

Divide both sides by 2.

900=x^2

Taking square root on both sides.

\pm \sqrt{900}=x

\pm 30=x

Length cannot be negative. So, x=30.

Now,

Length = 30\text{ cm}

Breadth = \dfrac{2}{3}\times 30\text{ cm}

             = 2\times 10\text{ cm}

             = 20\text{ cm}

Therefore, the length of the rectangle is 30 cm and the breadth is 20 cm.

8 0
3 years ago
Your goal is to withdraw $25,000 in 10 years. To get the money for this withdrawal, you will make the aforementioned five equal
NikAS [45]

Answer:

the interest rate is missing, so I looked for similar questions and found that the semiannual interest rate is 3%.

first of all, we must determine the amount of money that we need to have in our account in order to be able to withdraw $25,000 in 10 years.

You will start making your semiannual deposits today and they will end in exactly 2 years, so we need to find out the present value of the $25,000 in two years:

PV = $25,000 / (1 + 3%)¹⁶ = $15,579.17

that is now the future value of our annuity due:

FV = semiannual deposit x FV annuity due factor (3%, 5 periods)

$15,579.17 = semiannual deposit x 5.46841

semiannual deposit = $15,579.17 / 5.46841 = $2,848.94

7 0
3 years ago
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