1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mariana [72]
3 years ago
10

Imagine an economy in which: (1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goo

ds and services, so it would be common to use, say, 50 yollars to buy a pair of shoes; (2) prices are posted in terms of yardsticks, so you might walk into a grocery store and see that, today, an apple is worth 2 yardsticks; and (3) yardsticks disintegrate overnight, so no yardstick has any value for more than 24 hours. in this economy,
a. the yardstick is a medium of exchange but it cannot serve as a unit of account.
b. the yardstick is a unit of account but it cannot serve as a store of value.
c. the yardstick is a medium of exchange but it cannot serve as a store of value, and the yollar is a unit of account.
d. the yollar is a unit of account, but it is not a medium of exchange and it is not a liquid asset.
Business
1 answer:
Tomtit [17]3 years ago
4 0
<span>Imagine an economy in which:
(1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goods and services, so it would be common to use, say, 50 yollars to buy a pair of shoes;
(2) prices are posted in terms of yardsticks, so you might walk into a grocery store and see that, today, an apple is worth 2 yardsticks; and
(3) yardsticks disintegrate overnight, so no yardstick has any value for more than 24 hours.

In this economy, the yardstick is a unit of account but it cannot serve as a store of value.</span>
You might be interested in
Walden Industries is considering investing in productionminusmanagement software that costs $ 630 comma 000​, has $ 60 comma 000
nadya68 [22]

Answer:

345,000

Explanation:

accounting rate of return:

\frac{net \:profit}{average \: investment}

The average investment will be the average between the ending and beginning book value of the investment:

In this case, the acquisition of the software and his salvage value at the end of the useful life.

( 630,000 + 60,000 ) / 2 = 345,000

4 0
3 years ago
An activity-based costing system is developed in four steps: a. Compute the predetermined overhead allocation rate for each acti
Andru [333]
<h3>Hello there!</h3>

Your question asks what order does a activity-based costing system work by.

<h3>Answer: b, c, a, d</h3>

The order:

1. b). Identify activities and estimate their total indirect costs.

2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.

3. a). Compute the predetermined overhead allocation rate for each activity.

4. d). Allocate indirect costs to the cost object.

The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.

The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
8 0
3 years ago
Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. So
mixas84 [53]

Answer:

This is the complete question with options

Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. Some neighbors accept Alex's offer and others refuse. Economists would describe Alex's behavior as

A. rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.

B. greedy because he is asking for a high wage that some of his neighbors can't afford to pay.

C. selfish because he is asking for a wage that is higher than others might charge.

D. irrational because some neighbors refused his offer.

The answer is A . rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.

Explanation:

Alex is regarded as a rational self - interest individual  because  his decision   focuses on his own monetary benefits which also influences the environment in which he is, in the sense that he is helping his neighbor mow their lawns.  

5 0
3 years ago
1. Peter's Audio Shop has a before-tax cost of debt of 7%, a cost of equity of 11%, and a cost of preferred stock of 8%. The fir
tia_tia [17]

Answer:

9.14%

Explanation:

The computation of the weighted average cost of capital is shown below:-

Debt = $500,000 × 1.02

= $0.51 m

Preferred = 40,000 × $34

= $1.36 m

Common = 104,000 × $20

= $2.08 m

Total = $0.51 m + $1.36 m + $2.08 m

= $3.95 m

So, Weighted average cost of capital = ($2.08 ÷ $3.95 m × 0.11) + ($1.36 m ÷ $3.95 m × 0.08) + (($0.51 m ÷ 3.95 m × 0.07 × (1 - 0.34))

= 0.057924 + 0.027544 + 0.005965

= 0.091433

or 9.14%

Therefore for computing the weighted average cost of capital we simply applied the above equation.

7 0
3 years ago
Please someone answer this for me. I will give brainliest points
Ket [755]
Your answer would be severity (:
5 0
3 years ago
Other questions:
  • The company town, in which a major employer builds homes and commercial buildings, and provides the goods and services needed by
    12·1 answer
  • Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operat
    10·1 answer
  • 12.The metric that measures how well an enterprise is using customers to create short-term and long-term value is
    12·1 answer
  • Rufus, a supervisor at an automobile store, is considered friendly by his subordinates and has the authority to assign important
    10·1 answer
  • 5,000 units (100% complete as to material, 55% complete as to labor) with a cost of $124,800 materials and $104,500 conversion.
    15·1 answer
  • During 2012, Robby's Camera Shop had sales revenue of $170,000, of which $75,000 was on credit. At the start of 2012, Accounts R
    15·1 answer
  • Which of the following is the formula for break-even point in sales dollars? A : Fixed costs divided by contribution margin rati
    7·1 answer
  • The promotional mix consists of:a. public relations, direct marketing, personal selling, and publicityb. advertising, personal s
    15·1 answer
  • If Jane Key invests $18,527.74 now and she will receive $40,000 at the end of 10 years, what annual rate of interest will she be
    7·1 answer
  • By producing cars that do more than get riders to their destinations and back, mercedes-benz is addressing consumers’ ________ n
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!