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2 years ago

Money functions as a store of value if it allows you to:

Business

1 answer:

fenix001 [56]2 years ago

5 0

Money is called a store of value because it allows us to:

Save
Allocate capital
Have confidence in money

When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.

When money is a store of value, we have confidence in its ability to be used to carry our wealth into the future.

In conclusion, money being a store of value means that we have confidence in it.

Find out more about the functions of money at brainly.com/question/3182649.

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Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assem

Ivahew [28]

Answer:

Results are below.

Explanation:

Giving the following information:

Supervisor salaries $117,000 per month

Depreciation $21,000 per month

Direct labor rate $15 per hour

Cabinets per hour= 60/20= 3

We need to determine the flexible budget for different production levels:

12,000 units:

Total direct labor hours= (12,000 / 3)= 4,000 hours

Total variable cost= 4,000*15= 60,000

Total fixed costs= 21,000 + 117,000= 138,00

Total cost= $198,000

15,000 units:

Total direct labor hours= (15,000 / 3)= 5,000 hours

Total variable cost= 5,000*15= 75,000

Total fixed costs= 21,000 + 117,000= 138,00

Total cost= $213,000

18,000 units:

Total direct labor hours= (18,000 / 3)= 6,000 hours

Total variable cost= 6,000*15= 90,000

Total fixed costs= 21,000 + 117,000= 138,00

Total cost= $228,000

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2 years ago

Has a _____ percent of chance of being schizophrenic.

Gwar [14]

30 is the answer I think

8 0

3 years ago

When one firm is able to dominate the market and no other firm is able to enter the market, a(n) ______________ has formed.

matrenka [14]

B. Monopoly is the correct answer

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3 years ago

Critically explain Robbins definition of economics?

arlik [135]

Answer:

In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”

Explanation:

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3 years ago

What effect does the change in the market for cripps pink apples have on the price of the apples and on the quantity supplied an

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Answer:

The change in the market for Cripps is positively related with other apples.

Explanation:

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3 years ago