When money is deposited in the bank fo later use, it is a store of value. When describing money, medium of exchange, store of value and unit of account are all terms that describe the use of money. Money is used as a medium of exchange for a good or service. Money is a unit of account because it varies in the unit it is worth. Money is also a store of value because it is something that can be put away and kept for future use so it is being stored at the value it holds.
There are three main types of consumer goods: durable goods, nondurable goods, and services.
Durable goods are consumer goods that have a long-life span (e.g. 3+ years) and are used over time. Examples include bicycles and refrigerators. Nondurable goods are consumed in less than three years and have short lifespans. Examples of nondurable goods include food and drinks. Services include auto repairs and haircuts.
Consumer goods are also called finals good, or end product, because they are the ultimate output of a productive process that occurs over time.
Answer: core service
Explanation: In simple words, core service refers to the services that are of high importance to the transactions and the business of the rendering firm depends on such services. In other words, it is the main product that the business offers to their customers.
These services renders the benefits that a customers expects to get from his or her purchase. In the given case, Team builds in involved in services in which they provide session that shows how one group should work together.
Hence improved work team is their core service.
lifestyle
occupation
leisure time
Answer:
Debit Credit
Depreciation $2,000
Accumulated depreciation $2,000
Explanation:
The formula for calculating the depreciation of the office equipment is given below:
Depreciation=(cost of equipment-salvage value)/useful life
In this question,
cost of equipment=$9,000
Salvage value=$3,000
useful life=3 years
Depreciation=(9000-3000)/3=$2,000
The adjusting entry which shall be recorded in respect of the above calculated depreciation is given below:
Debit Credit
Depreciation $2,000
Accumulated depreciation $2,000
B. Economizing behavior
C. The importance of secondary effects
D. The fact that association is not causation
Answer:
C. The importance of secondary effects
Explanation:
Secondary economic impact is a study of economic activities due to recurring rounds of spending by companies, households, and the government.
Secondary effects are long term and comes after the primary effect (first round of spending).
It is also called induced economic effect.
2: rescind it.
3: order the parties to renegotiate it.
4: not enforce it.
Answer:
4: not enforce it.
Explanation:
It may be stated that the court does not exercise this additional agreement in this particular case based on the information provided in the question. This is due to the fact that it is not directly clear for payment. Because they make extra payments for the Genovey contract, they try to overcome the odds, and if these limitations are beyond their control they cannot do so.