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marshall27 [118]
3 years ago
5

Functions of Money Jeffrey has had a busy day. Today he went to a financial manager to begin planning for his son's future. He o

pened a college savings account. This is an example of a
Business
1 answer:
Novosadov [1.4K]3 years ago
5 0

Answer:

Store of value.

Explanation:

In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

The three (3) main functions of money all over the world are;

I. Medium of exchange.

II. Unit of account.

III. Store of value.

In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.

In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.

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Quaker State Wings has 320,000 shares outstanding and net income of $980,000. The company stock is currently selling for $62.97
ELEN [110]

Answer:

The new EPS is $ 3.16  

Explanation:

In order to compute the earnings per share after the share repurchase the shares repurchased must deducted from the weighted average number of share of 320,000 before repurchase so as  to arrive at the number of shares eligible for the earnings after such repurchase.

The number of shares repurchased=$634,000/$62.97

                                                           = 10,068.29  

The average weighted number of shares after repurchase is  309,931.71  (320,000-10,068.29)

EPS after repurchase=$980,000/309,931.71

                                   =$3.16 per share

5 0
3 years ago
Kankakee Cosmetics Company is planning a one-month campaign for December to promote sales of one of its two cosmetics products.
Masja [62]

Answer:

Kankakee Cosmetics Company

Differential Analysis for Moisturizer:

Relevant Costs:

Direct Materials $12.00

Direct labor $8.00

Var. Factory O/H $3.00

Var. selling expenses $2.00

Total Variable costs = $25.00

Unit Selling price = $35.00

Contribution = $10.00

Total contribution = $400,000

Advertising, etc. = $150,000

Differential Profit = $250,000

Differential Analysis for Perfume:

Relevant Costs:

Direct Materials $20.000

Direct labor $10.00

Var. Factory O/H $6.00

Var. selling expenses $3.00

Total Variable costs = $39.00

Unit Selling price = $55.00

Contribution = $16.00

Total contribution = $480,000

Advertising, etc. = $150,000

Differential Profit = $330,000

Explanation:

A differential analysis is a managerial accounting technique that considers factors that are unique to each decision and uses those factors to arrive at a decision.

It is also called incremental analysis.  In the analysis, differential revenue of each alternative and their differential costs are compared to find the alternative that yields the greater profits.

Fixed costs or sunk costs are not taken into account with this type of analysis.  Only the variable costs are considered, because they make the differences.

6 0
3 years ago
in the U.S. cash takes which forms? bills and coins /bonds and treasuries /dollars and Euros/reserves and treasuries
Eva8 [605]
I believe it is Bills and Coins.
7 0
3 years ago
Janice is going to give her patient a bath. she has the option of using prepackaged bathing wipes or a bath basin and washcloths
Hoochie [10]
Janice's choice is an example of fiscal responsibility. Fiscal responsibility is characterized as utilizing the assets of the patient to amplify medical advantages while at the same time using the assets of the organization to boost cost-adequacy. Being monetarily dependable means settling on capable asset portion choices.
7 0
3 years ago
I need a name for an app that could help the community. It has to be original though none that already exists
Harlamova29_29 [7]

Answer:

green help

Explanation:

lol

8 0
3 years ago
Read 2 more answers
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