which statement best explains why money was invented?

Answers

Answer 1
Money was invented to facilitate the exchange of goods and services.

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Related Questions

Elizabeth and Niko are very organized and do an excellent job organizing their personal financial records. How will this BEST help them when they file their taxes?

A. If they have organized records, they won’t likely have to file taxes.

B. This can help them maximize their deductions.

C. Their tax return will definitely not be audited.

D. They are guaranteed to get a tax refund instead of owing taxes.

Answers

Answer:

b

Explanation:

took the test

When building a new hospital, the developer did not remove any trees, based on the belief that doing so could compromise the ability of future generations to meet their own needs. This is an example of managing for

Answers

The actions of the developer in not removing any trees is in line with the practice of sustainability.

Sustainability:

Refers to using resources in a way that they can be used by others. Ensures that future generations are catered for.

Sustainability ensures that the next generation can take care of themselves because resources will be left that the next generation can survive on. Practicing sustainability like the developer above did, ensures human survival.

In conclusion, this is sustainability.

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human resources is the basic resources for an office,clarify this statement.​

Answers

An HR department is tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce. HR responsibilities include compensation and benefits, recruitment, firing, and keeping up to date with any laws that may affect the company and its employees.

In simplest terms, the HR (Human Resources) department is a group who is responsible for managing the employee life cycle (i.e., recruiting, hiring, onboarding, training, and firing employees) and administering employee benefits.

Pls try your best to answer
Pick regular income if it's a regular income and irregular if it's not
1. Wages and salaries
Regular Income
Irregular Income
2. Pensions
Regular Income
Irregular Income
3. Short time work support
Irregular Income
Regular Income
4. Fees from services
Regular Income
Irregular Income
5. Overtime payment
Regular Income
Irregular Income
6. Bonus payment
Regular Income
Irregular Income
7. Commission
Regular Income
Irregular Income
8. Profit
Regular Income
Irregular Income
9. Fees from rent
Regular Income
Irregular Income
10. Lottery wins
Irregular Income
Regular Income

Answers

Answer:

1.Regular Income

2.Regular Income

3.Irregular Income

4.Irregular Income

5.Irregular Income

6.Irregular Income

7.Regular Income

8.Regular Income

9.Irregular Income

10.Irregular Income

Explanation:

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You plan on making a $235. 15 monthly deposit into an account that pays 3. 2% interest, compounded monthly, for 20 years. At the end of this period, you plan on withdrawing regular monthly payments. Determine the amount that you can withdraw each month for 10 years, if you plan on not having anything in the account at the end of the 10 year period and no future deposits are made to the account. A. $769. 27 b. $767. 23 c. $78,910. 41 d. $79,120. 84.

Answers

Answer:

10

Explanation:

The amount of money that can be withdrawn each month for 10 years is equal to: A. $769. 27.

Given the following data:

Time = 20 yearsMonthly payment = $235.15Interest rate = 3.2%

To determine the amount of money that can be withdrawn each month for 10 years:

First of all, we would convert the compounded interest rate into an effective monthly interest rate as follows:

[tex]r = \frac{0.032}{12} = 0.00267[/tex]

Next, we would calculate the future value for these annuities by using this formula:

[tex]A = \frac{P[(1+r)^{12t} - 1]}{r}[/tex]

Where:

A is the future value.P is the monthly payment or principal.r is the effective monthly interest rate.

Substituting the given parameters into the formula, we have;

[tex]A = \frac{235.15[(1+0.00267)^{12 \times 20}\; - \;1]}{0.00267}\\\\A = \frac{235.15[(1.00267)^{240}\; - \;1]}{0.00267}\\\\A = \frac{235.15[1.8964\; - \;1]}{0.00267}\\\\A = \frac{235.15[0.8964]}{0.00267}\\\\A = \frac{210.789}{0.00267}[/tex]

A = $78,947.19

Now, we can the amount of money that can be withdrawn each month for 10 years by using this formula:

[tex]A = \frac{P[(1+r)^{12t} - 1]}{r(1+r)^{12t}}[/tex]

Making P the subject of formula, we have:

[tex]P = \frac{A[r(1+r)^{12t}]}{(1+r)^{12t} - 1}[/tex]

Substituting the given parameters into the formula, we have;

[tex]P = \frac{78,947.19[0.00267(1+0.00267)^{12 \times 10}]}{(1+0.00267)^{12 \times 10} - 1}\\\\P = \frac{78,947.19[0.00267(1.3771)]}{1.3771 - 1}\\\\P = \frac{290.278}{0.3771 }[/tex]

P = $769.27

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Which finger should you use to type the space bar?

Index finger
Pinkie finger
Ring finger
Thumb

Answers

Answer:

thumb should be used to press space bar.

Answer:

Thumb

Explanation:

Your thumbs should rest on the space bar in order to type properly. Therefore, you use your thumbs to type a space.

How is the annual percentage rate (APR) on a loan different
from the interest rate?
O A. The APR is offered only on credit cards.
B. The APR can be compounded.
C. The APR includes interest and fees.
D. The APR differs between different lenders.

Answers

The answer to your question is C. The APR includes interest and fees

A real estate professional leased a building for 10 years at an annual rent of $48,000. She will receive a commission of 7.5% for the first five years, 5% for the next three years, and 3.5% for the final two years. What will her gross income be from this commission over the life of the lease

Answers

Her gross income from this commission over the life of the lease is $28,560.

Commission for the first five years

Commission=5×(48,000× .075)

Commission=5×3600

Commission=$18,000

Commission for the next three years

Commission=3×(48,000 ×.05)

Commission=3×2,400

Commission=$7,200

Commission for the final two years

Commission=2×(48,000 ×.035)

Commission=2×1,680

Commission=$3,360

Gross income commission:

Gross income commission=$18,000+$7,200+$3,360

Gross income commission=$28,560

Inconclusion her gross income from this commission over the life of the lease is $28,560.

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The new-product development process is:

a. a formalized protocol for new-product development that begins at the corporate level and ends at the functional level.
b. the informal process of brainstorming to generate new-product concepts at a marketing staff meeting.
c. the process of presenting cross-functional teams with a written new-product concept statement and asking them to respond to it in writing.
d. the two stages an organization goes through from idea generation to commercialization.
e. the seven stages an organization goes through to identify business opportunities and convert them into salable products or services.

Answers

A person applying for a job zone one occccupation might expect the job will require which of the following

what would be the best organizational strategy to use for an essay instructing someone how to bake cupcakes

Answers

The best organizational strategy to use for an essay instructing someone how to bake cupcakes is chronological order.

Chronological order refers to be arrangements with respect to time from the earliest time to the latest time.

This means, the instructor will start giving instructions on how to bake cupcakes from measurements of flour, sugar, butter and other things to mixing the ingredients.

Thereafter, the instructor writes on the oven temperature to bake the cake until when the cake is fully baked.

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Based on business management, Chronological order would be the best organizational strategy to use for an essay instructing someone how to bake cupcakes.

This is because a Chronological order as an organization strategy would explain how a baker or business owner would get things done accordingly.

For instance, it should state the things to get ready such as utensils, ingredients, and other tools necessary.

It will then follow with how to prepare the cupcake, starting from the first thing to do till final action to make the cupcake tasty and yummy.

Hence, in this case, it is concluded that the correct answer is "Chronological Order."

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Which of the following is the best thing to consider when making comparisons between job offers? a. Gross pay b. Total employee benefits c. Total job benefits d. Total employment compensation.

Answers

The best thing that can be considered while making comparisons between job offers is that the total job benefits must be taken into consideration. So, the correct option is C.

Total job benefits refers to the benefits including and other than salaries that an employee gets from different job offers at a given period of time, which may or may not include perks.

Benefits of a job

Total job benefits implies that what are the in all benefits an employee may reap by accepting such job offer by intimating his positive interest to the employer or recruiter.

The total job benefits include salaries and other perks like vehicle facility, accommodation, health and education expenses of family members and other perks as may be specified by the employer.

The employee has to be rational while choosing the right job offer. If a company offers $10000 salary without any perks can be avoided for a job offering $7500 but with car and a house and education expenses.

Hence, the correct option is C, that a person must take into consideration his total job benefits given by two different job offers.

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Answer:

C is correct

Explanation:

Edge Carrer Prep

Price floors usually result in ___________________.

Answers

The result of the price floor is that the quantity supplied, Qs, exceeds the quantity demanded, Qd. There is excess supply, also called a surplus
That’s what I found

Should the United States pass a balanced budget amendment? Explain your answer.

Write one or two paragraphs stating your position. In your argument, include your opinion on the merits of a balanced budget amendment. Support your response with logical reasons and examples

Answers

Answer:

There is no balanced budget provision in the U.S. Constitution, so the federal government is not required to have a balanced budget and Congress usually does not pass one. Several proposed amendments to the U.S. Constitution would require a balanced budget, but none have been enacted.

which are considered types of credit availablesto borrowers?check all that apply

Answers

Answer:

choices?

Explanation:

The total dollar value of consumption, investment, government spending, exports, and imports is provided in the table above. What is the GDP of this fictional country?

Possible answers are:
$12,000,000
$9,000,000
$8,000,000
$10,000,000

Answers

The GDP of this fictional country is $ 8,000,000 (option C)

What is the GDP?

Gross domestic product (GDP) is a term to refer to a macroeconomic magnitude that expresses the monetary value of the production of goods and services in final demand of a country or region during a period, usually one year.

There are several ways to know the GDP of a country, the simplest is a mathematical operation that includes the following data:

The consumption of households and non-profit institutions.The investment of companies and families.The final consumption expenditure of the public sector.The value of net exports.The value of imports.

The operation states that we must add the first four indicators and subtract the last one. According to the information provided in the fragment, the operation would be:

5 + 2 + 2 + 1 - 2 = 8

According to the above, the GDP of this fictitious country is $ 8,000,000 (option C)

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Liang Company began operations in Year 1. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. These transactions are summarized as follows.

Year 1:

Sold $1,346,200 of merchandise (that had cost $976,400) on credit, terms n/30.
Wrote off $20,700 of uncollectible accounts receivable.Received $670,500 cash in payment of accounts receivable.
In adjusting the accounts on December 31, the company estimated that 2.00% of accounts receivable would be uncollectible.

Year 2:

Sold $1,599,900 of merchandise (that had cost $1,304,800) on credit, terms n/30.
Wrote off $28,300 of uncollectible accounts receivable.
Received $1,219,300 cash in payment of accounts receivable.
In adjusting the accounts on December 31, the company estimated that 2.00% of accounts receivable would be uncollectible.

Required:
Prepare journal entries to record Liang’s Year 1 and Year 2 summarized transactions and its year-end adjustments to record bad debts expense.

Answers

Answer:

General Journal

Debit

Credit

a(1)

Accounts receivable

$1,349,100

Sales

$1,349,100

a(2)

Cost of goods sold

$977,100

Merchandise inventory

$977,100

b

Allowance for doubtful accounts

$18,100

Accounts Receivable

$18,100

c

Cash

$669,200

Accounts Receivable

$669,200

d

Bad Debt

Expense

[Refer working note 1]

$35,307

Allowance for doubtful accounts

$35,307

e(1)

Accounts receivable

$1,514,600

Sales

$1,514,600

e(2)

Cost of goods sold

$1,299,000

Merchandise inventory

$1,299,000

f

Allowance for doubtful accounts

$26,700

Accounts Receivable

$26,700

g

Cash

$1,110,700

Accounts Receivable

$1,110,700

h

Bad Debt

Expense

[Refer working note 2]

$36,507

Allowance for doubtful accounts

$36,507

.

.

Working note 1 - Computation of bad debt expense for the

year 1

Accounts receivables beginning balance

$0

Add: Credit sales

$1,349,100

Less: Collections

($669,200)

Less: Write-off's

($18,100)

Accounts receivables ending

balance

(a)

Building equity in a home is a good thing because
mortgage payments decrease as equity increases.
credit scores increase as equity increases.
equity in a home increases the homeowner's net worth.
• property taxes decrease as equity increases.

Answers

It is a good decision to build equity in a home because its increases the homeowner's net worth.

Home equity refers to the value of one's house less the owed amount of mortgage/home loan.

Usually, building of equity in home can be a long-term strategy for building wealth.

Hence, it is a good decision to build equity in a home because its increases the homeowner's net worth.

Therefore, the Option C is correct.

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Answer: C- equity in a home increases the homeowners net worth

Explanation:

Why is it important to review all pages of this document carefully? What should Anna do if she finds an error?

Answers

Hello, and it is important to check work for reasons. One is if there would be a grammatical error in the writing. If it is math, always check it over with a note pad so just in case is something was solved wrong. READING IS MOST IMPORTANT!
If you read one part wrong, you could fail the whole assessment or question if not read correctly.

If Anna find errors and can’t seem to solve them, she should ask for help. Even math you could use a calculator to check but not to solve the whole question.

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Reviewing all pages of a document carefully helps ensure accuracy, completeness, and professionalism. If Anna discovers an error, she should take appropriate steps to rectify it based on its significance and potential impact on the document's content and purpose.

Thoroughly reviewing all document pages ensures accurate, complete information to prevent misunderstandings, legal problems, or financial errors. It maintains coherence, logical flow, and consistency. Scrutinizing all pages detects formatting, layout, or typographical issues, upholding professionalism. In vital contexts like legal agreements or financial reports, neglecting errors can lead to significant consequences.

Upon finding an error, Anna's action depends on its significance. Minor issues like typos can be directly corrected. For substantial errors affecting meaning or legality, she should highlight and annotate the problem, documenting necessary corrections. Anna must inform relevant parties, consult supervisors or legal advisors if needed, and adhere to document review protocols. After corrections, a final review ensures accurate and error-free content.

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Traditional direct marketing tools include​ ________.

​A. websites, catalog​ marketing, telemarketing,​ e-mail, kiosks, and online videos

B. catalog​ marketing, telemarketing,​ websites, e-mail, direct mail​ marketing, and online advertising

C. catalog​ marketing, telemarketing,​ websites, e-mail, online​ videos, and blogs

D. face-to-face selling,​ direct-mail marketing, catalog​ marketing, telemarketing,​ direct-response television​marketing, and kiosk marketing

E. catalog​ marketing, online​ advertising, e-mail,​ telemarketing, direct-response television​ marketing, and websites

Answers

Answer:

Face to face selling, direct-mail marketing, catalog marketing, telemarketing, direct-response television marketing, and kiosk marketing. or in other words your option is D

Explanation:

Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Luis has all of the following deductions from his gross pay: federal tax from the following table Social Security tax that is 6. 2% of his gross pay Medicare tax that is 1. 45% of his gross pay state tax that is 19% of his federal tax Determine how Luis’ net pay will be affected if he increases his federal withholding allowances from 2 to 3. A. His net pay will decrease by $19. 0. B. His net pay will increase by $19. 0. C. His net pay will decrease by $22. 61. D. His net pay will increase by $22. 61.

Answers

Based on the information given, it should be noted that the correct option will be D. His net pay will increase by $22.61.

What is a net pay?

A net pay simply means the take-home pay. It's the earning of an employee after the deductions are subtracted from the gross pay of the employee.

From the complete information, it can be deduced that Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Taking the fact that the security tax, Medicare tax, etc are taken into consideration and the federal withholding allowances increased from 2 to 3, the net pay will be $22.61.

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The net pay of Luis will increase by $22.61 due to the decrease in the federal withholding allowances from 2 to 3.

Computation of net pay based upon the different levels of federal withholdings

Given,

Gross pay =$770

2 Federal withholding allowances =$50(taken from the reference table)

3 Federal withholding allowances =$31(taken from the reference table)

Federal state tax rate =19%

First, the state tax rate and the total amount of withholding for 2 Federal withholding allowances are computed:

[tex]\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$50\times19\%\\&=\$9.50\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total Amount of 2 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$50+\$9.50\\&=\$59.50\end{aligned}[/tex]

Now, the state tax rate and the total amount of withholding for 3 Federal withholding allowances are computed:

[tex]\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$31\times19\%\\&=\$5.89\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total Amount of 3 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$31+\$5.89\\&=\$36.89\end{aligned}[/tex]

The difference in the net pay will be the difference between $59.50 and $36.89, which is $22.61.

Therefore, Luis withholding will decrease from $59.50 to $36.89 that is increasing the net pay by $22.61

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what is the most common goal of a trade agreement?

Answers

Answer:

For the United States, the main goal of trade agreements is to reduce barriers to U.S. exports, protect U.S. interests competing abroad, and enhance the rule of law in the FTA partner country or countries.

What is a trend in business

Answers

A trend in buisness is to invest

After listing a home with a broker, the seller told the broker NOT to disclose a major structural defect in the house. What should the broker do

Answers

Answer:

he should not disclose a major structural defect in the house

Under riparian rights, if flowing water is shallow, a property owner usually owns to A) the center of the water. B) the average high-water mark. C) the next county. D) the edge of the water.

Answers

There are different kinds of rights. Under riparian rights, if flowing water is shallow, a property owner usually owns to  center of the water.

Riparian rights are regarded as the legal rights of owners of land that is known to be bordering on a river or other waterbodies.

A "riparian owner" is simply known as an individual  who possess a land that runs into a river. Riparian rights are simply not known as ownership rights but simply as the rights of access to the water for drinking water, bathing, etc.

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Paid Rs.4,500 to Anita after deducting 10% discount.​

Answers

Answer:

4050

Explanation:

=10%of 4500

=450

now,

4500-450=4050

Vincent owns an apartment building containing 15 rental units. Vincent pays $22,690 in taxes and building upkeep every year, and charges rent of $833 per month. Assuming that all of the rental units are full, how much does Vincent make from his apartment building every year? a. $127,250 b. $149,940 c. $35,185 d. $102,260.

Answers

The total amount Vincent will make each year from the apartments will be $127,250.

Computation:

Given,

Number of rental units =15The total amount paid in the form of taxes and for upkeeping of the building is $22,690.Charges for the rent of each apartment for each month are $833.

First, total rental income from all the 15 apartments for the entire year is computed as follows:

[tex]\begin{aligned}\text{Income from Rental Apartments}&=\text{Rent per month}\times\text{Total Units}\times12\\&=\$833\times15\times12\\&=\$149,940\end{aligned}[/tex]

Now, the net income is computed based upon the total income and total expense:

[tex]\begin{aligned}\text{Net Income}&=\text{Income from Rental Apartments}-\text{Taxes and Building Upkeep}\\&=\$149,940-\$22,690\\&=\$127,250\end{aligned}[/tex]

Therefore, option a. $127,250 is correct for the net income of Vincent from the rental property after paying off the taxes and charges for upkeeping the building every year.

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Answer:A) $127,250

Explanation:edge

Prime cost is directly related to production. So, per unit prime cost can be calculated easily. While on the other hand, overhead does not have direct relationship with production. So, to calculate per unit cost, overhead is classified according to functions.” Explain this statement and also summarize all the overheads according to their functional classification.

Answers

Basically, a firm's prime cost equals the total direct costs of production which includes the cost of raw materials and labor.

The prime cost equation is {Cost of raw materials + Direct labor}

The overhead cost refers to those cost incurred while running a firm but can not be linked to creation of a product or service.

Overhead expenses is the cost remaining after deduction of direct labor, direct materials and direct expenses.

In conclusion, the prime cost and overhead cost are both significant in production of finished goods.

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If you are trying to substantially reduce the amount you spend on food, you should try...

Answers

Answer:

Cooking your own food at home for as many meals as possible

Explanation:

To reduce the amount spent on food, I will make a spending plan or budget plan. It helps to reduce the amount spent on food without sacrificing nutrition.

What is a Budget plan? A budget plan is simply a plan you create to help you meet expenses and spend money the way you want to spend it. A good spending plan can help you stop “spending leaks” in other words, it can keep you from spending money without thinking.

The spending plan for food:Make healthy choices (they are cheaper)Buy produce in seasonUse sales and couponsThink frozen, canned, or driedSave on protein foodsWaste not, want not

In this way, I will reduce the amount spent on food.

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which government website lists walt disney, bing crosby and charles lindbergh as former employees? irs nasa cia usps

Answers

The government website in which it is listed that the aforementioned names were employees is the USPS.

The United States Postal Service:

Employed Walt Disney as a postal carrier in 1918Employed Bing Crosby as a post office counter Employed Charles Lindbergh as an airmail pilot

The USPS website can therefore confidently claim that at some point or the other, all three names mentioned above used to work for them.

In conclusion, the correct answer is the USPS.

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Casey has a job doing valet parking. Casey makes an hourly rate of $4. 55 per hour plus tips. Last week Casey worked 26 hours and made $898. 55. How much in tips did Casey earn last week? a. $34. 56 b. $118. 30 c. $157. 25 d. $780. 25.

Answers

Answer:

$4.55 * 26 hours = $118.3 $898.55 - $118.3 = $780.25 Casey has a job doing valet parking. Casey makes an hourly rate of $4.55 per hour plus tips. Last week Casey worked 26 hours and made $898.55. Casey earned $780.25 in tips last week.

Casey earned tips totaling to a whooping amount of $780.25. She has received these tips by working for twenty-six hours in the last week. So, the correct option is D.

The calculation of tips earned by Casey is done by subtracting the value of his income less the actual salary earned by her during the period.

Calculation of salary and tips

The information that has been provided to us is that Casey worked for 26 hours in the week at a salary rate of $4.55 per hour.

The total income of Casey is $898.55. The total salary of Casey can be calculated as using the following formula,

[tex]\rm Total\ Salary\ = Hourly\ Rate\ x\ Hours\ Worked\\\\\\\rm Total\ Salary= 4.55\ x\ 26\\\\\\\rm Total\ Salary= $118.3[/tex]

So after finding the total salary of Casey, we will put the values of the salary in the formula required for computing earnings of Casey by way of tips,

[tex]\rm Tips = Total\ Income-\ Salary\\\\\\\ \rm Tips\ Received= 898.55- 118.3\\\\\\\rm Tips\ received= \$780.25 \\[/tex]

So we have found that the total income of Casey by way of tips is $780.25 for the last week.

Hence, the correct option is D that Casey earned $780.25 by way of tips in the last week out of the $898.55 he earned.

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