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maksim [4K]
2 years ago
7

On the island of Mabera, the local money is called "favoli." The price of every good in Mabera is expressed as the number of fav

olis needed to buy the good. The use of favolis to express the price of goods describes which function of money?
Business
2 answers:
tatuchka [14]2 years ago
7 0

<u>Answer:</u>

The correct option is Unit of account

<u>Explanation:</u>

One of the functions of money is Unit of accounts in economics. The worth of an object is measured in a distinct currency. One of the downfalls of unit of account is that it is regarded as the steady unit of account but inflation factor devastate the said assumption that money is steady. It is regarded as the basic property of the money.

Thus, the correct option will be Unit Of Account.

erastova [34]2 years ago
3 0

Medium of exchange

Explanation:

Favoli works as “medium of exchange” on the island of Mabera.

Explanation- “Medium of Exchange” refers to the property of money by which it increases the interaction between the buyer and a seller. On the island of Mabera, every commodities price is expressed in the count of Favoli. There-by it means Favoli forms a medium of common exchange where any commodity can be converted into equivalent units of Favoli and vice-versa.

This is the most common use of money and it can be seen as the evolution over the traditional barter system which suffers from the “lack of wants”.

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Piper​ Corporation, which manufactures dog​ toys, is developing direct labor standards. The basic direct labor rate is $ 12.68$1
NeTakaya

Answer:

option (D) $21.66

Explanation:

Data provided in the question:

Basic direct labor rate per hour = $12.68

Payroll taxes = 13​% of basic direct labor​ rate

Fringe benefits per hour = $7.33

Now,

The standard rate per direct labor​ hour

= Basic direct labor rate per hour + Payroll taxes + Fringe benefits per hour

= $12.68 + ( 13% of $12.68 ) + $7.33

= $12.68 + $1.6484 + $7.33

= $21.6584 or $21.66

Hence,

The correct answer is option (D) $21.66

4 0
2 years ago
Tu Corporation is investigating automating a process by purchasing a machine for $423,000 that would have a 9 year useful life a
raketka [301]

Answer:

simple rate of return = 16.4 %

so correct option is B. 16.4%

Explanation:

given data

purchasing a machine = $423,000

useful life =  9 years

cash operating costs = $112,000 per year

yielding = $27,000

annual depreciation = $47,000

to find out

simple rate of return on the investment

solution

we get here simple rate of return on the investment that is express as

simple rate of return = \frac{annual\ incremental\ net\ operating\ income}{initial\ investment}    .............................1

put here value we get

simple rate of return = \frac{112000-47000}{423000-27000}

solve it we get

simple rate of return = 16.4 %

so correct option is B. 16.4%

5 0
2 years ago
Who creates the demand for coffee shops? Who creates the demand for coffee shop employees?
katen-ka-za [31]
Us people create the demand for the shops if there are no coffee shops around we create demand for it but also if there are too many shops and not enough people the shops create a demand for new employees
3 0
2 years ago
Read 2 more answers
In which of the following situations can multiple regression be performed? Select all that apply. Select all that apply: predict
Dimas [21]

Answer:

a. predicting the current salary of an employee, given the initial salary and the number of years the employee has been in his or her current position

b. predicting the number of home runs a baseball player will hit in the next season, given the number of home runs the player hit in the previous season and the number of doubles the player hit in the previous season

Explanation:

Multiple regression is a regression method that is employed to to predict the value of a variable, called the dependent variable, based on the value of two or more other variables, called the independent variables.

From the question, on the following two options have one dependent and at least two independent variables as indicated below:

a. "<em>the current salary of an employee</em>" is the dependent variable. "<em>the initial salary</em>" is the first independent variable, and "<em>the number of years the employee has been in his or her current position</em>" is the second independent variable.

b. "<em>the number of home runs a baseball player will hit in the next season</em>" is the dependent variable. "<em>the number of home runs the player hit in the previous season</em>" is the first independent variable, and "t<em>he number of doubles the player hit in the previous season</em>" is the second independent variable.

6 0
2 years ago
$1,000 par value zero-coupon bonds (ignore liquidity premiums).
Crazy boy [7]

10.70% - Option D

<u>Explanation:</u>

One-year interest rate one year from now:

=(1+.2750)^{\wedge} 2 /(1+16 \%)-1

=1.275 * 1.275 / 0.16

= 1.625625 divide by 0.16

=10.160

Therefore, an approximate answer is 10.70%

Respect Maturity (YTM) – in any case alluded to as recovery or book yield – is the theoretical pace of return or loan cost of a fixed-rate security, for example, a security. The YTM depends on the conviction or understanding that a financial specialist buys the security at the present market cost and holds it until the security has developed (arrived at its full worth), and that all premium and coupon installments are made in a convenient manner.

7 0
2 years ago
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