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3 years ago

Match the given terms to the appropriate statement relating to the various functions of money. Each term is used only once.

Business

1 answer:

chubhunter [2.5K]3 years ago

7 0

Answer:

A,)Unit of Account

B)Standard of Deferred Payment:

C)Store of Value

D)Medium of Exchange:

Explanation:

1. Unit of Account ( this explains that good can be measured for a value)

2. Standard of Deferred Payment( it explains that one can make purchase now and pay later)

3. Medium of Exchange( overall purchasing power is attributed to money)

4. Store of Value( Money is used to complete the transaction between the buyer and seller.

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The financial statements for Harold Corporation contained the following information:

vagabundo [1.1K]

Answer:

so net income is $45000

Explanation:

given data

Accounts receivable = $5000

Sales revenue = 75000

Cash = 15000

Salaries and wages expense = 20000

Rent expense = 10000

to find out

net income

solution

we will find net income by the given expression as

net income = Sales revenue - Rent expense - Salaries and wages expense .......................1

put here all these value in equation 1 we get net income

net income = 75000 - 10000 - 20000

net income = 45000

so net income is $45000

7 0

3 years ago

Which of the following communication network structures has the highest centralization?

Minchanka [31]

The wheel communication network structure is the most centralized.

The wheel structure consists of one or a small group of people who receive information and then spread it to the rest of a group. The other types are chain, where one person passes information on to the next on down the line and all-channel where everyone in the network has equal ability to communicate with everyone else in the group.

3 0

3 years ago

How will modifying the priority value help to achieve your goals?

lesya [120]

When you talk about priority value help to achieve goals you are technically speaking about computers and printers, especifically printer tools. For example if you modify the priority then the printer will have a highest priority and will reduce time for a print job to complete and will raise the priority over other tasks

3 0

3 years ago

Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding D

love history [14]

Answer:

The cost per equivalent unit of materials is $2.28

Explanation:

The Concept of Equivalent units measures the number of units complete to the extent of the input elements added during production.

The FIFO method in Process costing Accounts for Costs only incurred during the Manufacturing Period. Also, The Opening Work In Process is Assumed to be completed first.

The First Step is to Calculate the Total Equivalent Units of Production for Raw Materials :

To finish Opening Work In Process (34,000 × 0%) = 0

Started and Completed ((153,000 - 34,000) × 100% ) = 119,000

Closing Work In Process (34,500 × 100%) = 34,500

Total Equivalent Units of Production = 153,500

The Next and Final Step is to calculate the cost per equivalent unit of materials.

Cost per equivalent unit = Total Cost During the Current Period / Total Equivalent Units of Production

= $349,625 / 153,500

= $2.2776872

= $2.28 (2 decimal places)

Conclusion :

The cost per equivalent unit of materials is $2.28

7 0

3 years ago

Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and

Korolek [52]

Answer:

Activity 2= $11.15

Explanation:

Giving the following information:

Total Activity Activity Cost Pools Total Cost Product A Product B Total

Activity 2 $40,140 2,000 1,600 3,600

To calculate the activity rate for Activity 2, we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 2= 40,140 / 3,600

Activity 2= $11.15

4 0

3 years ago