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denpristay [2]
3 years ago
12

Name the four functions of money ​

Business
1 answer:
SSSSS [86.1K]3 years ago
6 0

Answer:

Money serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.

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On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value o
Reptile [31]

Answer:

April 1 The company issued 9,000 stocks at $11 per stock

  • Dr Cash account 99,000
  • Cr Common Stock account 99,000

June 15 Cash dividends are declared $1.50 per stock

  • Dr Retained Earnings account 103,500
  • Cr Dividends Payable account 103,500

July 10 The company paid the dividends

  • Dr Dividends Payable account 103.500
  • Cr Cash Account 103,500

December 1 The company issued 4,000 stocks at $12 per stock

  • Dr Cash account 48,000
  • Cr Common Stock account 48,000

December 31 Cash dividends are declared $1.60 per stock

  • Dr Retained Earnings account 116,800
  • Cr Dividends Payable account 116,800

6 0
3 years ago
W. L. Gore & Associates is organized in such a way that it has no formal job titles, job descriptions, or chains of command.
Harrizon [31]

Answer:

B) a decentralized structure.

Explanation:

In a decentralized organizational structure, many decision making responsibilities are delegated from upper management to middle and lower management. Most normal day-to-day decisions are made by entry level employees and lower management. The company's organizational structure is not rigid and most decisions can be made rather quickly.

5 0
3 years ago
How do I make quick money as a 13 year.old with no alouence.
Katena32 [7]
You can sell candy and send out flyers
3 0
3 years ago
The economists at JET Consulting consider Campbell’s Soup to be an inferior good. During a recession, when the income in the eco
Ksenya-84 [330]

Answer:

Shift to right

increase

increase.

Explanation:

Demand curve:- It is a representation of number of units of a service will be bought at which price. It is a graph or plot between price and quantity.price on y-axis and quantity on x-axis.

To bring the equilibrium the the demand curve is needed to shift to right to increase the equilibrium of the price and quantity.

3 0
3 years ago
Use the​ percent-of-sales method to prepare a pro forma income statement for the year ended December​ 31, 2015, for Hennesaw​ Lu
777dan777 [17]

Answer:

207,000

Explanation:

We can find the net profit after tax under the percent of sales method as follows. workings are explained as in order to estimate the net profit after tax we need to estimate the variable cost according to estimated sales.

Sales                                                               $4,500,000

Cost of Goods Sold                                       ($3,825,000)

((3,570,000/4,200,000) x 4,500,000)

Gross Profit                                                      $675,000

Operating Expenses                                      ($225,000 )

(( 210,000 / 4,200,000) x 4,500,000 )          

Operating Profits                                           $450,000

Interest Expense                                             ($105,000 )

Net Profit before Taxes                                    $345,000

Taxes ( 40 %)                                                    ($138,000 )

Net Profit after Taxes                                     207,000

7 0
3 years ago
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