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3 years ago

Name any four roles (functions) of money

1 answer:

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.

Explanation:

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v91. If a U.S. dollar purchases 4 Argentinean pesos, and a gallon of milk costs $3 in the U.S. and 6 pesos in Argentina what is

Alla [95]

The real exchange rate is 1 dollar = 2 Argentine pesos

The exchange rate is an economic term to refer to the relationship between two currencies. The exchange rate establishes the proportion of value that exists between two currencies. For example:

1 Dollar is equivalent to 4 Argentine pesos

However, this rate does not represent reality in some places, there may be situations in which the proportions established by the exchange rate are not faithful to reality. For example:

3 Dollars or 6 Argentine pesos are used to buy 1 gallon of milk.

In this example, it is evident that in reality, the dollar is not equivalent to 4 Argentine pesos but to 2 due to the proportion of value concerning a product. Therefore, the real exchange rate is 2 Argentine pesos for every American dollar.

Learn more in: brainly.com/question/15169469

6 0

2 years ago

More Parts Liquidators specializes in buying excess parts inventories for resale or to incorporate into other products. They rec

Alla [95]

Answer:

Sell the parts without any processing because the profit is higher ($20,000 vs $15,000)

Explanation:

they have two options:

option A, sell the parts as they are and make $20,000 in profits (= $120,000 - $100,000).
option B, further process the parts by spending $75,000 and sell them for $190,000, and make only $15,000 in profits (= $190,000 - $100,000 - $75,000).

The best option is A, to sell the parts without any processing because the profit is higher and they do not have to spend more money.

6 0

2 years ago

On July 23 of the current year, Dakota Mining Co. pays $7,147,920 for land estimated to contain 9,048,000 tons of recoverable or

Korolek [52]

Answer:

ore deposits 7,147,920 debit

cash 7,147,920 credit

--to record purchase of land with ore deposit--

machinery 1,900,080 debit

account payable 1,900,080 credit

Account payable 1,900,080 debit

Cash 1,900,080 credit

--to record machine installation and payment of it 2 days later--

depletion expense 368,535

depreciation expense 97,965

ore deposit 368,535‬

equipment accumulated depreciation 97.965‬

Explanation:

the first entries are quite self-explanatory

Now, to calculate the depreication and depletion:

The machine will be depreciate at the same phase as the ore deposit As the asset is relate to it and will have no value after the miniming project ends.

depreciation for the year:

466,500 / 9,048,000 x 7,147,920 = 368.535‬ ore deposit amortization

466,500 / 9,048,000 x 1,900,080 = 97.965‬ equipment depreciation

3 0

2 years ago

At the end of 2019, Bramble Corp. has accounts receivable of $740,200 and an allowance for doubtful accounts of $69,900. On Janu

ki77a [65]

Answer:

The journal to record the write-off is:

Debit Allowance for doubtful accounts $6,400

Credit Accounts receivable $6,400

Cash realizable value of the accounts receivable (1) before the write-off is $670,300 (2) after the write-off is $670,300.

Explanation:

The write-off would impact the allowance for doubtful accounts and the accounts receivable since Bramble Corp. uses the allowance method. See the journals as recorded above.
The balance in the allowance for doubtful accounts would have reduced by $6,400 upon the write-off, so did the balance in the accounts receivable, so the effect of the write-off evens out. That led to the cash realizable value of $670,300.

4 0

2 years ago

What is the MOST important item to disclose to a customer who invests in a fund of hedge funds?

sergejj [24]

Answer:

A. The illiquidity of the investment

Explanation:

This rightly could be considered as the MOST important item to disclose to a customer who invests in a fund of hedge funds. Let's imagine a customer who invests in a hedge fund and a few days later feels he could take back out from his investment, only to learn about the illiquid nature of hedge fund investment.

For clarity, to say that hedge funds are illiquid means that they require all investors to keep their money in the fund for at least one year, often called the lock-up period. With certain limitations on withdrawals.

5 0

3 years ago