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3 years ago

Explain the three main characteristics and uses of money

Business

1 answer:

strojnjashka [21]3 years ago

8 0

Answer:

Explanation:

The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.

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At january 31, 2015, the balance in aislers inc.’s supplies account was $750. during february, aislers purchased supplies of $90

netineya [11]

Beginning balance 750
Add supplies purchase 900
Less supplies used 1125

Supplies on hand at the end of february is
750+900−1,125=525...answer

Hope it helps!

3 0

4 years ago

One way to make ratio analysis more meaningful is to compare the ratios of one firm to those of other firms in the same industry

forsale [732]

False. Hope this helped

6 0

3 years ago

Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses proces

Bogdan [553]

Answer:

(1) $31,538.4; $5,328.9; $36,867.3

(2) $326,206; $120,903; $447,109

Explanation:

(1) Cost of ending work in process inventory:

For materials:

= Equivalent units of production in ending work in process × Cost per equivalent unit

= 2,040 × $ 15.46

= $31,538.4

For conversion:

= Equivalent units of production in ending work in process × Cost per equivalent unit

= 930 × $5.73

= $5,328.9

Total = $31,538.4 + $5,328.9

= $36,867.3

(2) Cost of the units completed and transferred out:

For materials:

= Total units completed and transferred × Cost per equivalent unit

= 21,100 × $ 15.46

= $326,206

For conversion:

= Total units completed and transferred × Cost per equivalent unit

= 21,100 × $5.73

= $120,903

Total = $326,206 + $120,903

= $447,109

6 0

3 years ago

The three modern types of entrepreneur that have emerged after the description of different entrepreneurial types by Arthur Cole

NikAS [45]

Answer : Serial Entrepreneur

A serial entrepreneur, like any other entrepreneur, comes up with a new idea and starts a business based on it.

Once the business is established, they delegate the running of this business to someone else and move on to building another new business on another new idea.

As they move on to newer ventures, they may also sell their old ventures. When such ventures are sold, the entrepreneur often makes a windfall gain.

5 0

4 years ago

Read 2 more answers

The law of demand states that:________ a. a higher price will lead to increased sales. b. consumers have unlimited demands for a

patriot [66]

Answer:

d. quantity demanded will vary inversely with the price of the good.

Explanation:

The law of demand states that when the price of a product increases, the quantity demanded decreases when everything else remains constant as people are less willing to purchase a product when the price is higher. This means that the price and the quantity demanded are inversely related as when one variable increases the other one decreases. According to this, the answer is that the law of demand states that quantity demanded will vary inversely with the price of the good.

The other answers are not right because the law of demand states that the price and the quantity demanded of a good are inversely related, it doesn't refer to the price and sales, consumers don't have unlimited demands for a good as it is affected by the price and the price can be too high for some consumers as when the price increases, the quantity demanded decreases.

4 0

3 years ago