Money is a means of exchange in our economy makes it easier for people to make transactions with each other.
Money is a commonly accepted commodity as an economic medium of exchange. It is a medium that expresses prices and values. It circulates from person to person, from country to country, promotes trade, and is a major measure of wealth.
In summary, money has taken many forms over the centuries, but money has consistently performed three functions. It is a medium of value storage, a calculation unit, and exchange. The modern economy uses legal tender. This is neither a commodity nor the money represented or "backed" by the commodity.
Exchange medium. When economists say that money acts as a medium of exchange, they mean a currency unit used to measure and compare the relative value of commodities.
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Answer:
$16,604
Explanation:
Calculation to determine Meghann's QBI deduction
Using this formula
Meghann's QBI deduction = Taxable income *Tax rate
Meghann's QBI deduction =$83,020 x 20%
Meghann's QBI deduction =$16,604
Therefore Meghann's QBI deduction is $16,604
IRR function for this problem exists 7. 7% and invest in the project.
<h3>What is the IRR function?</h3>
Microsoft Excel exists a spreadsheet designed by Microsoft for Windows, macOS, Android, and iOS. It features calculation or computation capabilities, graphing instruments, pivot tables, and a macro programming language named Visual Basic for Applications.
The Excel IRR function returns the internal rate of return (IRR) for a sequence of cash flows that emerge at regular intervals. Specify the internal rate of return. Return was computed as a percentage. =IRR (values, [guess]).
IRR stands for the interest rate at which the sum of all cash flows equals zero, thus it exists useful for comparing one investment to another. In the initial example, if we substitute 8% with 13.92%, the NPV evolves to 0, and your IRR becomes zero. As an outcome, IRR is described as the discount rate at which a project's NPV becomes zero.
IRR function for this problem exists 7. 7% and invest in the project.
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Answer:
Using the weighted-average method, the equivalent units of production with regard to direct labor were 132,500
Explanation:
Units % of Completion EQUP
Completed 110,000 100 110,000
Ending Work in
Process
<u> Inventory 45,000 50% 22,500</u>
145,000 132,500
Using the weighted-average method, the equivalent units of production with regard to direct labor were 132,500
This is the key feature of weighted average method. The number of equivalent units is calculated without making a distinction as to whether the activity occurred in the current accounting period or preceeding period.
Answer:
The annual cash flow will be $4,500.
Explanation:
Use following formula to calculate Annual Cash flow from Annuity.
Present value of annuity = annual cash flow ( 1 - ( 1 / ( 1 + rate of interest )^time period ) ) / rate of interest
PVA = C ( 1 - ( 1 / ( 1 + r )^t ) ) / r
$43,000 = C ( 1 - ( 1 / ( 1 + 0.0625)^15 ) ) / 0.0625
$43,000 = C x 9.5555
C = $43,000 / 9.5555
C = $4,500
So, the annual cash flow will be $4,500.