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Sidana [21]
2 years ago
9

Suppose that you buy a new car, and you purchase it with a bag of gold coins minted in a foreign country. Which of the following

statements is true about this transaction? Choose one: A. The gold coins are a fiat currency that can be used to purchase a car. B. The gold coins are a commodity-backed money with no intrinsic value. C. This was an illegal transaction because it involved the use of a foreign currency. D. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value. E. The gold coins are not money because, by definition, money cannot have intrinsic value.
Business
1 answer:
aleksley [76]2 years ago
5 0

Answer:

D. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value

Explanation:

Commodity money is money that has intrinsic value. Its value can be derived from the material from which it is made. E.g. gold, salt, silver

Fiat money is money that has no intrinsic value but the government establishes it as money.

I hope my answer helps you

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The local florist in town is cheryl steffan who has been in business for over 20 years. recently, cheryl has noticed several com
Ymorist [56]
The answer is "<span>Modeled the As-Is process, fixed the errors, and then created the To-Be process".
</span>
 An “as is” business process characterizes the present condition of the business procedure in an association. Normally the examination objective in assembling the present state process is to clear up precisely how the business procedure functions today, kinks and all.

A “to be” business process characterizes the future condition of a business procedure in an association. Ordinarily the investigation objective in assembling the future state process is to illuminate how the business procedure will function, sooner or later, once changes are made.
6 0
2 years ago
Heidi ganahl's life story helps the employees and franchisees of camp bow wow understand _____.
GrogVix [38]

Answer: Culturally consistent decisions

Explanation:

The options are:

a The organizational structure

b The environmental complexity

c Behavioral substitutions

d Culturally consistent decisions

Heidi Ganahl's life story helps the employees and franchisees of Camp Bow Wow understand culturally consistent decisions.

Organizational stories are being told by people in order to recall certain things that has happened in an organization and to also emphasize culturally consistent decisions, assumptions, and actions.

4 0
2 years ago
A local regulator has calculated the average cost of production for the public water utility. Theregulator has allowed an adjust
Varvara68 [4.7K]

Answer:

A. cost-plus regulation

Explanation:

When a local regulator calculates the average cost of production for the public water utility or any other service and allow an adjustment for the normal rate of profit the firm should expect to earn, and then set the price that consumers can be charged accordingly, this is known as cost-plus regulation.

It is usually carried out by the government.

8 0
2 years ago
The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northe
Greeley [361]

Answer:

A

cash        15,000 debit

accounts receivable 15,000 credit

B

cash            150 debit

   gift card liaiblity     150 credit

C

accounts receivable     4,000 debit

         services revenue           4,000 credit

D

cash           2,250 debit

       unearned revenue    2,250 credit

E

accounts receivable 125 debit

     service revenues            125 credit

Explanation:

A

we increase cash and decrease the customers accounts

B

we record the cash proceeds and use a liability for the obligation in the near future to provide services to a customer

C

we recognize the revenue and increase our accounts receivable

D

as the colleciton is in advance the revenue is not earned. this is a liability as we now have the obligation to perform services in the near future

E

we must match the revenue whn the time it occurs and that time was february not march.

3 0
2 years ago
Acme Explosives recently gave very specific specifications to its suppliers of raw materials in an attempt to improve the qualit
MakcuM [25]

Answer:  Option A                                                              

 

Explanation: In simple words, concurrent controls refers to the regulation of activities by an organisation to make sure that those activities are performed as per the standards set. Usually the activities regulated under this type of control are related to the transformation process.

Such control is made to improve an existing performance and not in relation to some new set of activities that are to be performed. Hence from the above we can conclude that the given case is an example of concurrent control.

6 0
2 years ago
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