The scenario that best demonstrates the function of money as a measure of value is when people use money to compare and determine the relative worth of different goods and services.
For example, when a consumer is deciding between purchasing a luxury car or a budget car, they can use the price tag of each vehicle as a measure of their value. The more expensive car may be seen as having a higher value, while the cheaper car may be seen as having a lower value.
In this scenario, the function of money as a measure of value helps the consumer make an informed decision about which product to buy. Additionally, money can be used as a measure of value in determining wages and salaries.
Employers use money to measure the value of an employee's work by paying them a certain amount for their time and effort. This compensation is determined by the value of the work being performed and the level of skill and experience required to complete the task.
In this way, the function of money as a measure of value helps to determine fair wages and salaries for workers. In conclusion, the function of money as a measure of value is essential for comparing the relative worth of goods and services, and for determining fair compensation for work.
It provides a standard measure for value that can be universally understood and applied in a variety of contexts.
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Under IFRS where a firm uses the indirect method, which of the following would not be reported in the statement of cash flows? Select one: a. Retirement of bonds payable. b. An increase in inventory. c. None of the above d. Depreciation expense e. Purchase of equipment using a note
Under the indirect method of preparing the statement of cash flows under International Financial Reporting Standards (IFRS), the answer is: b. An increase in inventory.
How to explain the informationAn increase in inventory is not directly reported in the statement of cash flows because it represents a non-cash operating activity. The indirect method adjusts net income by accounting for non-cash items such as depreciation expense, changes in working capital, and gains or losses on the disposal of assets.
However, changes in inventory are typically reflected in the operating activities section indirectly through adjustments to net income, such as changes in accounts payable or cost of goods sold.
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the demand for clothing increases. as a result, the price of clothing increases above the minimum average cost of producing it. in the long run, if the clothing industry is perfectly competitive and is a constant-cost industry:
The demand for clothing increases. As a result, the price of clothing increases above the minimum average cost of producing it. In the long run, if the clothing industry is perfectly competitive and is a constant-cost industry: the supply of clothing will increase but the price will not.
What happens in the long run in perfect competition?Businesses can only make money or lose money in a market that is perfectly competitive in the near term. Profits and losses are ultimately eliminated because an endless number of businesses produce uniform, infinitely divisible items.
The supply curve for the industry would be shifted upward by the same amount. The price would rise in the short term, but not by as much as the cost per unit would rise. Economic losses would occur at businesses, eventually leading.
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which of the following is not one of the four basic financial statements? group of answer choices balance sheet income statement statement of changes in financial position statement of cash flows
The following is not one of the four basic financial statements option C. statement of changes in financial position.
The statement of changes in financial position is an alternative name for the cash flow statement, which is one of the four basic financial statements. The cash flow statement shows the inflows and outflows of cash and cash equivalents during a specific period and is used to assess a company's liquidity and ability to meet its short-term obligations.
On the other hand, the statement of changes in equity shows the changes in a company's equity accounts, such as common stock and retained earnings, during a specific period. It explains how the equity section of the balance sheet changed over time due to factors such as net income, dividends paid, and stock issuances or repurchases.
In summary, while the statement of changes in financial position may be used as an alternate term for the cash flow statement, it is not one of the four basic financial statements. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
which of the following is not one of the four basic financial statements?
A. balance sheet
B. income statement
C. statement of changes in financial position
D. statement of cash flows
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one reason tennis has become popular is because? A. it takes a long time to play the game B. almost anyone can play C. scoring is easy to figure out D. it is a contact sport
The one reason tennis has become popular is because is: B. almost anyone can play.
What are the reasons tennis has become popular?Tennis can be defined as a kind of sport that can be played by people of different ages, genders, and skill levels, making it accessible to a wide range of individuals.
This, combined with its relatively low cost of entry, has contributed to its popularity.
Therefore we can conclude that the correct option is B based on the fact that almost anyone can play tennis.
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how do ordinary people get involved in a democratic country
Answer:
Citizens vote for their government officials and these officials represent the concerns and ideas of the citizens in government. For example, your Governor is elected by the voters in your state. ... Voting in an election and contacting our elected officials are two ways that Americans can participate in our democracy.
Answer:
same as his/her answer
Explanation:
sorry I just need a free point hsjsnsnsannananansnsbnsnsjssjsjkakaksksks
You go to buy a new computer and the salesperson tries to sell you an "extended warranty." You know that extended warranties can add a lot to the purchase price of the computer but you want some protection in case your computer breaks down. What are three questions you should ask before you agree to the contract?
Answer:
Extended warranty means provided extra protection to the breakage or problems occurred on a newly purchased item for a longer period.
Explanation:
Extended warranty is also known as the service agreement or maintenance agreement that is offered to a customer when they plans to purchase a new item like any electronic item including laptops, mobile phone, television, camera ,etc. It provides extra prolonged protection to the item or device than the regular warranty period.
In the context, the questions that I will ask the salesperson before agreeing the contract on the extended warranty on the purchase of the new computer are :
1. What is the extra amount I have to pay for the extended warranty.
2. For how long this "extended warranty" covers or protects my computer.
3. The extended warranty provides coverage on what items items and what defects.
QUESTION 6 of 10: What markup percentage does New York magazine state that Macy's at Herald Square in New York City uses to mark up
accessories?
a) 72%
b) 127%
c) 185%
Od) 233%
In conclusion correct option for this question is (d) 233%
Why it is?
The markup percentage mentioned by New York magazine for accessories at Macy's in Herald Square is 185%. This means that the price of the accessory is marked up by 185% of its cost.
This markup percentage is considered high and may reflect the expenses that the store incurs, such as rent, salaries, and other operating costs. It is also likely that the markup is influenced by the store's brand recognition and the demand for its products.
However, a high markup may also deter price-sensitive customers, making it important for businesses to strike a balance between profitability and affordability.
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Please help, Worth 90 Points!!
Answer:
free points ezzzzz
Explanation:
Answer:
Cash: 7,11,19,12
A/R: 11,19
Should the United States allow uncontrolled immigration ofpeople into the country? Discuss the economic PROS and CONS. -Discussion must be well-written to earn full points."
One of the primary economic benefits of uncontrolled immigration is that it can help to boost economic growth by increasing the supply of labor. This can be particularly beneficial in industries that are experiencing labor shortages, such as agriculture, construction, and hospitality.
In addition, immigrants also tend to be entrepreneurial and create new businesses, which can help to stimulate economic activity and create jobs for both immigrants and native-born workers. According to the National Foundation for American Policy, immigrants have founded over half of America's unicorn startups (companies valued at $1 billion or more) and have contributed significantly to the growth of the tech industry. However, there are also economic costs associated with uncontrolled immigration that must be taken into account.
For one, immigrants can place a strain on public resources, such as healthcare, education, and social services. This can lead to higher taxes for native-born citizens and increased competition for these resources. Additionally, uncontrolled immigration can also lead to downward pressure on wages for low-skilled workers, particularly those who are already struggling to find employment.
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What is a comparative answer?.
A comparative is the form of adjective or adverb used to compare two things.
Comparative Degree FormAdjective and adverb change form when used as a comparison. In the regular form, the changes in the forms of adjective and adverb follow a certain pattern. On the other hand, in the irregular form, the changes in the form of these words do not follow a certain pattern.
Adjectives and adverbs which consist of one syllable (one syllable) are added with the suffix (ending) –er. Usually there is a double consonant letter at the end of the word in the basic form with a pattern of letters at the end: consonant-vocal-consonant.
Examples of Comparative Adjectives big-bigger fat-fatter hard-harder hot-hotter smart-smarter quick-quicker Examples of Comparative Adverbs fast-faster hard-harder Examples of Comparative Degree Sentences I am Easier to forget a problem than she is. comparative adjective The student is quicker to learn English than her friend. comparative adjective He drove faster than I did.comparative adverb In order to pass the exam, she must study harder than ever. comparative adverbAdjectives that come from the past participle usually use the word more (more) or less (fewer) in front of it.
Example of Comparative Degrees
- bored-more bored
tired-more tired
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PLEASE HELP QUICK!!!
Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.
Answer:
The amount you pay each month is set by the terms of your mortgage.
Explanation:
connexus
Please answer now!!
Discuss how the workplace is changing and why it is important to understand workplace trends
Answer:
Change in an organization leads to many positive aspects – that lead to retaining a competitive edge and also remaining relevant in your business area. Change encourages innovation, develops skills, develops staff and leads to better business opportunities and improves staff morale
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please mark as the brainliest (ㆁωㆁ)
Which of the following describes intellectual property
concepts that are too abstract to be copyrighted or trademarked in any way
things that are created in the mind and not necessarily able to be seen or touched
inventions or discoveries that have significant educational or scientific value
any kind of work or creation that was developed at a college or university
suppose that the price of good x decreased from $60 to $50 and as a result, the quantity consumers purchased increased from 7,000 units/month to $7,500 units/month. in this case, the price elasticity of demand is .
Option C: -0.38 is the price elasticity of demand in this case, where the quantity consumers purchased increased from 7,000 units/month to $7,500 units/month.
The quantity demanded of a certain good or service divided by the percentage change in the price of that good or service, all other factors remaining constant, is known as the price elasticity of demand, or \(e_{D}\).
Price elasticity of demand = \(e_{D} = %change in quantity demanded/ % change in price\)% change in quantity demanded/ % change in price.
Quantity change = 7500-7000 = 500 units/month
Change in price = 60-50 = $10
Now, % change in quantity demanded = 7500 - 7000/7000 × 100
= 500/7000 × 100 = 7.14%
% change in price = 50 - 60 / 60 × 100 = -16.6%
Now, \(e_{D} = %change in quantity demanded/ % change in price\) % change in quantity demanded/ % change in price.
= 7.14/-16.6 = -0.38
Hence, Option C is the correct answer.
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Complete question is:
Suppose that the price of good x decreased from $60 to $50 and as a result, the quantity consumers purchased increased from 7,000 units/month to $7,500 units/month. in this case, the price elasticity of demand is
A. -2.64.
B. -1.32
C. -0.38
D. None of the above
What is a cover letter?
Answer:
A clover letter is a letter that you usually turn in with your resume and it usually has more detailed information about your skills and why you're good for the job.
Explanation:
Answer:
A clover letter is a letter that you usually turn in with your resume and it usually has more detailed information about your skills and why you're good for the job.
Explanation:
am i sus???????????????????????? ajajjjjajajaajajJaJJJJj
Explanation:
I guess? I cant tell ....
Answer:
yes you are very suss and I'm sus so
saving on real estate expenses and leveraging knowledge of many different markets are benefits of
Saving on real estate expenses and leveraging knowledge of many different markets are benefits of: A cross-functional team.
A team can be defined as set of individuals or a group of people that are having various skill set, knowledge, ideas and experience, coming together to work on a project or task, in order to successfully achieve a set goal and objective.
Basically, there are four (4) main types of team and these include:
Functional team.Virtual team.Self-managed team.Cross-functional team.A cross-functional team can be defined as a team that comprises members from different functional areas or departments in a business firm (company).
Hence, these group members usually have various skills, ideas and knowledge which can be leveraged upon to grow and develop a business firm (company).
In conclusion, saving on real estate expenses and leveraging knowledge of many different markets are benefits of a cross-functional team.
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The four major competitive structures are Group of answer choices pure competition, heavy competition, moderate competition, and light competition. oligopolies, monopolies, monopolistic competition, and pure competition. monopolies, limited competition, oligopolistic competition, and pure competition. monopolies, oligopolies, oligopolistic monopolies, and pure competition. brand, product, total budget, and generic.
The four major competitive structures are oligopolies, monopolies, monopolistic competition, and pure competition.
What are the four competitive structures?A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. An example of monopolistic competition are restaurants
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. A monopoly sets the price for its goods and services. An example of a monopoly is a utility company
An Oligopoly is when there are few large firms operating in an industry.
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Define opportunity cost, please!
Thank you!
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.
Answer:
It's when you lose one opportunity due to picking something else or you lose a whole experience because of a chose you made. For example, if I decided to work at McDonald's then instead of going to school,I've lost a lot of chances because I made this one choice.
Michael Bilkman has an opportunity to buy a perpetuity that pays $12,450 annually. His required rate of return on this investment is 13.25%. At what price would Michael be indifferent to buying or not buying the investment? Round off to the nearest $1.
Select one:
a.
$170,877
b.
$93,962
c.
$83,470
d.
$121,709
Answer:
$266,667.
Explanation:
P / (r-g) = Periodic payment / Interest rate - Growth rate
= 24,000 / (0.12 - 0.03)
= 24,000 / 0.09
= $266,667on:
i think thats it if i am wrong i am very sorry tellme if i am right or wrong.
A large bakery buys flour in 25 kg bags. The bakery uses an average of' 4,860 bags a year. Preparing an order and receiving a shipment of flour bags involves a cost of $10 per order. Annual holding cost is $5 per flour bag. a) Determine the economic order quantity.
b) What is the average number of bags on hand (i.e., in inventory)?
c) How many orders per year will there be?
d)Calculate the total annual cost of ordering and holding flour.
e)If ordering costs were to increase by 50 percent order, by what percentage would the EOQ change?
a) Economic Order Quantity(EQO):Economic Order Quantity can be calculated using the following formula. \(EOQ = \sqrt{\frac{2DS}{H}}\)Where D = Annual Demand in Units S = Ordering Cost per Order H = Annual Holding Cost per UnitThen EOQ will be: \(EOQ
= \sqrt{\frac{2*4,860*10}{5}}\)= \(\sqrt{19,440}\) = \(139.28\) (approx.)The economic order quantity is 139 bags.b) Average Number of Bags on Hand:To find out the average number of bags on hand, we can use the following formula: \(Average\ number\ of\ bags\ on\ hand = \frac{EOQ}{2}\)= \(\frac{139}{2}\) = \(69.5\) (approx.)The average number of bags on hand is 69.5 bags.c)
Number of Orders per Year:We can find the number of orders per year by using the following formula: \(Number\ of\ Orders\ per\ Year = \frac{D}{EOQ}\)= \(\frac{4,860}{139}\) = \(34.89\) (approx.)So, there will be 34 orders per year.d) Total Annual Cost of Ordering and Holding Flour:Total Annual Cost of Ordering and Holding Flour can be calculated using the following formula:
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what process do data analysts use to keep project-related files together and organize them into subfolders?
Data analysts utilize the folding method to group together and subfolder project-related files.
Gathering all the information, processing it, studying the data, and using it to uncover patterns and other insights are all parts of the data analysis process, often known as the data analysis phases.
Data governance, which is based on internal data standards and regulations that also regulate data consumption, is the process of regulating the accessibility, usability, integrity, and security of the data in corporate systems. Data governance that is effective protects against misuse and maintains data consistency and reliability.
During the process step, a data analyst cleans the data to make sure it is accurate and comprehensive. Data analysts clean up data by correcting errors, inconsistencies, and missing or erroneous data since the process phase is all about getting the details right.
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Fiscal policy is the government’s use of government spending and taxes to influence the economy. For this task, you will choose one tool of fiscal policy—either government spending or taxes—and complete the activities below.
Part A
Which tool did you choose?
Part B
Do you think this tool should be increased or decreased to help the economy?
Explanation:
Fiscal policy is based on the theories of British economist John Maynard Keynes, which hold that increasing or decreasing revenue (taxes) and expenditures (spending) levels influence inflation, employment, and the flow of money through the economic system. Fiscal policy is often used in combination with monetary policy, which, in the United States, is set by the Federal Reserve to influence the direction of the economy and meet economic goals.
.
After the French were unable to complete the canal, the US took charge of its completion in 1904, and US President Theodore Roosevelt concluded that the US should receive all of the advantages.
He forbade other Panamanian merchants from establishing enterprises in the canal, and US military personnel were employed to complete the project.
Fiscal policy is termed as the policy that is wholly based on the increase and decrease of the revenue or the taxes of the different aspects of the economy like employment level, inflation, money flow in the economy, and the various others that are prevailing in the economic system.
It is used with the intuition to combine with the other monetary policy of the economy and then set the federal reserve for the economy to set its goals and acquire the economic goals of the economy.
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FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She prices the cupcakes at $0.50 each. With in 15 minutes she has sold all of her cupcakes, and through out the day teachers and students ask her if she has anymore.
This market model is in a [______]?
This is for a economics class I didn't know what catagory to pick
Answer:
Shortage
Explanation:
I got it correct because I watched the given recording.
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. This market model is in a "competitive market".
Georgina operates in a competitive market characterized by high demand and a desirable product: her cupcakes. The price point of $0.50 each aligns with the perceived value which is resulting in swift sales within 15 minutes.
Subsequent inquiries from both teachers and students demonstrate sustained interest indicating that Georgina's cupcakes have achieved product-market fit.
Georgina's success in selling all cupcakes swiftly and generating ongoing inquiries highlights a well-balanced market equilibrium within the school community.
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Select the correct answer.
Which of these is an informal group?
A. command group
B. self-managed work group
C. task group
D. virtual group
E. interest group
Answer:
B
Explanation:
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Difference between business and trade
Answer:
business is the entire enterprise of making, selling, and controlling the production of goods, while trade, a narrower activity, involves only the buying and selling of goods. Trade is a part of business, but business is not the same as trade. ... Trade usually refers to imports and exports.
6. Outline 4 circumstances under which some human wants canbe fully satisfied
Generally, the human wants can never be fully satisfied because its requires more resources whereas the resources are limited.
What is a human wants?This refers to the desires, aspirations and motives of humans that can be satisfied with goods and services.
For instance, the yearning for food, shelter, clothing are example of an economic human wants.
It is also accepted that the human wants are never truly satisfied because they are endless, even though these wants can be temporarily satisfy, they will always reoccur.
Therefore, the human wants can never be fully satisfied.
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the complete portfolio refers to the investment in _________.
Answer:
In finance speak, a portfolio refers to a collection of investments or financial assets held by an individual, investment company, financial institution or hedge fund. This grouping of financial assets can include everything from gold and property to stocks, bonds and cash equivalents.
Explanation:
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which of the following is not a good reason to form a family partnership? multiple choice no gift tax is due on the transfer non-voting interests can be given to younger family members to ensure the older generation maintains operational control a buy-sell agreement can ensure that all ownership interests are retained in the family income can be shifted to lower-tax-rate individuals
The reason that is not a good reason to form a family partnership is: no gift tax is due on the transfer.
Forming a family partnership can be an effective way to manage and transfer family assets, but it's important to understand the reasons and implications behind such a decision. While the other three options provided (non-voting interests, maintaining operational control, and income shifting) can be valid reasons for forming a family partnership, the statement "no gift tax is due on the transfer" is not a sufficient reason on its own. The formation of a family partnership should not solely be motivated by avoiding gift taxes. While transferring assets through a family partnership may have gift tax benefits, the primary focus should be on the operational and strategic aspects of the partnership, such as maintaining control, succession planning, and tax efficiency.
Family partnerships are typically formed to facilitate effective management and control of family-owned assets, provide a framework for generational transfers, and ensure continuity in the family business or wealth management. Non-voting interests can be given to younger family members to gradually involve them in the partnership's operations while maintaining control with the older generation. A buy-sell agreement can help establish a mechanism for the smooth transition of ownership within the family. Income shifting to lower-tax-rate individuals can be achieved through proper tax planning and structuring.
In summary, forming a family partnership should be based on the strategic and operational needs of the family, rather than solely focusing on avoiding gift taxes. Gift tax implications should be considered as part of a comprehensive approach to family wealth and business management.
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