D. elective requrement are courses that build knowledge and skills in a specific field
on april 12, hong company agrees to accept a 60-day, 7%, $6,600 note from indigo company to extend the due date on an overdue account. what is the journal entry that indigo company would make when it records payment of the note on the maturity date? (use 360 days a year.)
In order to record the note's payment on the maturity date, the Indigo Company would need to create a journal entry of $6677.
Explain about the journal entry?An entry in your journal serves as a record of a transaction in the financial records of your business. In double-entry bookkeeping, at least two journal entries must be created for each transaction. Because they might be quite numerous, a bookkeeper keeps track of all the changes a transaction might make to a business.
Instead of through a specific module or automatically as invoices or cash receipts are processed, general journal entries are immediately entered into the general ledger. An example of a depreciation expense entry is as follows: 9902 is the citation number. Date: 12/31/20. Depreciation cost ($10,500; account 6401).
A straightforward journal entry is one in which just one account is debited and one is credited.
Interest is calculated as follows: Principal Amount x Rate x Days / 365
Interest = $6,600 * 7% * 60/360
$77 plus interest
Cash due equals Principal Amount plus Interest.
Cash due = $6600 plus $77
Total Amount Due: $6677
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On April 12, Hong Company consents to accept a $9600, 60-day, 7% note from Indigo Company in order to postpone the payment deadline for a past-due account.
On november 1 alan company signed a 120-day 8?
A $9000, 120-day, 8% note payable with Alan Company was executed on November 1st.
$9000, 120-day, 8% note payable with Alan Company was executed on November 1st. What adjustment was made to the note's accrued interest as of December 31? 365 days a year (use). a. Credit Interest Payable and debit Interest Expense totaling $120. b. $120 in interest expense and $120 in interest payable. c. Credit Interest Expense for $240 and debit Interest Payable for $240. d. There isn't a need for an adjusting entry: O e Debit interest Expense, 5720; credit interest Payable, 5720
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What is the relationship between a location’s in-stock probability and the lead time that location delivers on shipments to its customers?
There is no clear correlation between the two—a higher in-stock probability may indicate a shorter or longer lead time.
The in-stock probability is the possibility that orders for items will be filled within a given time frame. Pricing will fluctuate over time as demand and stock levels change. Your in-stock rate is a measurement of how much of the anticipated demand you now have in stock and available.
The given question is incomplete. The complete question is :
What is the link between a location's likelihood of having a product in stock and the lead time it takes to deliver shipments to customers?
a. The shorter the lead time, the better the likelihood of in-stock items.
b. There is no clear correlation; a higher in-stock probability may indicate a shorter or longer lead time.
c. The lead time is longer the more likely it is that the item will be in stock.
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What is an example of an experience component within an enterprise platform Mcq?
One illustration of an Experience component found within an enterprise platform is a system for handling client payments. This is a system where a customer places his order and pays for it through a mobile app.
Who is a customer?A customer is the recipient of good, service, product, or idea in sales, commerce, or economics that they have purchased from seller, vendor, or supplier in exchange for money or another useful consideration. Although an ultimate client might also be a consumer, it's equally possible that they bought goods for someone else to consume. A customer who is an intermediary is not at all consumers. The issue is rather convoluted because the final users of so-called industrial goods and services—who are also technically consumers—either consume the commodities and services they purchase outright or incorporate them into other finished products. They are typically referred to as industrial customers or the business-to-business customers instead of being called that.
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a business process is a logically related set of activities that define how specific business tasks are performed. group of answer choices true false
A business process is a logically related set of activities that define how specific business tasks are performed. Given Statement are false.
The accomplishment of a business function is accomplished through the interaction of a network of activities, facilities, resources, and information. A business process is a system, and business systems are sometimes used to describe them.
They are the procedures that produce money right away. Manufacturing things, the order-to-cash process, and delivering goods to clients are a few examples.
A business process is fundamentally a set of repeated procedures used by a corporation to achieve a goal. Making progress toward your goals and enhancing the operations of your company depend on effective processes. The purpose of a business process is to help your company reach a specific target
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According to the Coase theorem, private parties can solve the problem of externalities if
a. the cost of bargaining is large.
b. the initial distribution of legal rights favors the person causing the negative externality.
c. property rights are clearly defined.
d. the number of parties involved is sufficiently large.
According to the Coase theorem, private parties can solve the problem of externalities if
a. the cost of bargaining is small.
According to the Coase Theorem, where there is a conflict between property rights, the parties involved can bargain or negotiate terms that fully reflect the actual costs and underlying values of the relevant property rights, leading to the most efficient conclusion.The importance of the Coase Theorem
A: According to the Coase theorem, parties that dispute about how to use a resource will reach a fair agreement regardless of who owns the property rights as long as those rights are well specified and there are no transaction costs.
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in the context of the planning process, _____ are the targets or ends a manager wants to reach
a.strategies
b. plans
c.scenarios
d. goals
In the context of the planning process, goals are the targets or ends a manager wants to reach. Therefore, the correct answer option is: D. goals.
What is planning?In Business management, planning can be defined as a strategic process which typically involves developing and setting organizational objectives, targets, ends, and goals, as well as translating them into action plans or courses of action.
What is a goal?A goal can be defined as an outcome statement and strategic objectives that defines what an individual or a group of people (team members) hope to successfully achieve (accomplish) in the future i.e over a specific period of time.
This ultimately implies that, a goal is simply a futuristic idea, an objective, or desired result that an individual envision, plan, and commit to achieve over a specific period of time.
In this context, we can reasonably infer and logically deduce that all of the targets or ends a manager desires (wants) to reach are generally referred to as goals.
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The difference between an extensive-form game and a simultaneous-move game is that. Simultaneous-move games have zero-sum payoffs, but extensive-form games do not in simultaneous-more games players have only two actions to choose from, but in extensive-form games the players can have more than two choices simultaneous-move games have two players, but extensive-form games can have more than two players in extensive-form games the player can observe the other player's action before deciding, but in simultaneous-move they can't
Games in extensive form model the sequence of player moves.In strategic form games,a set of strategies is associated with each player. Payoffs to a player result from combinations of strategies
While sequential games are played in turns,simultaneous games are played with each player making their decision at the same time.Each player chooses a strategy from his strategy set.Image result for the difference between a game of extensive form and a game of simultaneous movements is that.Simultaneous move games have zero sum payouts but extensive form games do not in simultaneous games players only have two actions to choose from but in extensive form games players may have more than two options two players,but extensive form games can have more than two players in extensive form games the player can observe the action of the other player before deciding,but in simultaneous movement they cannot in a simultaneous game,the players will make their moves simultaneously, determines the outcome of the game and receives its payouts.A game in extensive form specifies when each player in the game must move,information is about the sequence of previous moves,random moves occur,and the final payoffs are such games are discussed in Chaps.
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Which of the following are substantiated by research on diversity in the workplace? Select all that apply.
a. The presence of faultlines increases cohesiveness at work.
b. Diversity management programs lead to higher stock prices for their companies.
c. There is a positive correlation between racial diversity in the firm and company performance.
d. Diverse teams make higher-quality decisions.
e. Minority managers rarely experience racial discrimination at work.
c. There is a positive correlation between racial diversity in the firm and company performance and d. Diverse teams make higher-quality decisions. Both are substantiated by research on diversity in the workplace.
Research has shown that organizations with greater racial and ethnic diversity tend to perform better financially, as measured by their return on equity, return on sales, and other indicators of financial performance. Additionally, research has also revealed that diverse teams make higher quality decisions and are better able to solve complex problems than homogenous teams.
Hence , option c and d both apply.
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a national chain of grocery stores wants to finance the construction of several new stores. the firm has limited internal funds, so it likely will a. demand the required funds by selling bonds. b. demand the required funds by buying bonds. c. supply the required funds by selling bonds. d. supply the required funds by buying bonds.
A large grocery store chain wishes to raise the necessary money by issuing bonds in order to finance the building of numerous new outlets.
What called funds?The fund is really a collection of various people's financial assets that is gathered and managed by top industry experts. For generate higher returns, they accumulated or invested their money in a variety of shares, bonds, and other instruments.
What is the difference between fund and funds?There are various funds; plural form of fund. Money is also known as funds. You cannot purchase that television if you lack the necessary cash. You cannot take money from your bank account since there are not enough funds available.
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What is the similarities of analytics and analysis?
Analytics would be the study of logical analysis, where analysis would be the separation of a whole into smaller components.
Analytics aims to forecast the future but rather predict an outcome, whereas analysis focuses on the facts and statistics of what has already occurred and looks backward through time.
Finding patterns but also trends in information is the method of conducting data analysis. Giving meaning to the data is the practice of data interpretation. It entails describing the data's patterns as well as trends that were found. The first step includes data analysis, then comes data interpretation.
Business analytics seeks to analyze and report data in order to forecast future business success and analyze past company performance. business analysis, on the contrary hand, concentrates on functions as well as processes when identifying business requirements and making recommendations.
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Does federal income tax include Social Security and Medicare?
Federal income taxes do not include FICA. Both taxes are based on the employee's gross salary, but they are two independent amounts that are calculated separately. Your federal income tax or refunds are rarely impacted by the Medicare and Social Security levies.
The Social Security and Medicare federal programs, which offer benefits to retirees, individuals with disabilities, and offspring of deceased workers, are funded by contributions from both employees and employers under the Federal Insurance Contributions Act. Title 26, Subtitle C, Chapter 21 of the United States Code contains the tax legislation known as the Federal Insurance Contributions Act. Medicare offers hospital insurance coverage for seniors; Social Security benefits include old-age, survivors, and disability insurance (OASDI). The amount of payroll taxes one pays over the course of their working career is indirectly related to the annuity amount they would get from social security once they retire. As a result, Kevin Hassett claimed that because FICA is directly related to benefits that one is qualified to receive later in life, it is not a tax. Although no one has an earned property right to benefits from the system, regardless of how much they may have contributed, the US Supreme Court declared in Flemming v. The Social Security system is neither a pension nor an insurance plan, according to Nestor (1960). FICA functions as a tax in all actuality since money is set aside by Congress for specific purposes but is still entirely under its control, including the ability to be redirected. Only earned income is subject to the FICA tax; investment income, such as rental income, interest income, or dividend income, is not subject to this tax. Healthcare Insurance (HI)
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What was FDR's economic recovery program called?
The New Deal was a sequence of programs, public work projects, monetary reforms, and policies enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939.
What was once Roosevelt's program of relief recuperation and reform?The New Deal had three goals: relief, recovery, and reform. Relief intended that the president desired to assist those in disaster without delay by using growing jobs, bread lines, and welfare. Recovery used to be aimed at fixing the economy and ending the Depression
What have been the three New Deal programs?The New Deal packages have been acknowledged as the three "Rs"; Roosevelt believed that collectively Relief, Reform, and Recovery should bring economic balance to the nation. Reform packages centered especially on methods for ensuring that depressions like that in the Thirties would never have an effect on the American public again.
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https://brainly.com/question/11739226#SPJ4QUESTION 10 / 11 An asset is classified as goodwill on the balance sheet when a company purchases an asset at greater than fair-market value. According to GAAP, you can adjust goodwill when SELECT ONLY ONE an asset is sold stock prices go down a new asset is purchased stock prices go up goodwill is impaired
According to GAAP, you can adjust goodwill when goodwill is impaired
A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB). When their accountants put together a public company's financial statements, they must adhere to GAAP in the United States.
Ten basic principles serve as the framework for GAAP, which is a set of regulations. The International Financial Reporting Standards (IFRS), which are seen as more of a principles-based norm, are frequently used as a comparison. There have recently been initiatives to move GAAP reporting to IFRS because it is a more global standard.
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How do you track profitability by client in QuickBooks Online?
In QuickBooks Online, you can track client profitability by creating a Profit & Loss report and then filtering the report by customer.
To do this, select Reports from the left menu, then select Profit & Loss under Standard. On the Profit & Loss report, select Customize and then select the Filter tab. Under the Filter tab, select the checkbox for Customer and select the customer you are interested in tracking.
When you run the report, it will show you the total profit for the customer. Additionally, you can drill down into the report to see more detailed information about the customer, such as the individual products or services they purchased and the associated revenue and costs for each.
By tracking the customer profitability in this way, you can get a better understanding of which customers are most profitable and make more informed decisions about how to best serve them.
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a corporation reported cash of $28,800, total assets of $470,000, and current liabilities of $161,090 on its balance sheet. its common-size percent for cash equals: multiple choice 6.13%. 100.00%. 1632.00%. 61.30%. 16.32%.
On its balance statement, a corporation showed income of $28,800, net revenues of $470,000, and payables of $161,090. Its typical proportion for cash is equal to 6.13%.
How much does cash equal?Liquid assets must be funds. Financial assets are the dollar sum of available cash that also includes commodities that are comparable to cash. Since cash and cash equivalents are the most current asset, they are always listed just on top line of a company's balance sheet.
The cash equivalent formula is what?Numerous liquidity measures are calculated using these cash equivalents: Current Liabilities divided by Cash = Cash Ratio. Cash And cash equivalents / Current Liabilities equals the current ratio. (Cash & Counter parts + A/R) / Payables is the quick ratio.
Briefing:Common Size % for cash = Cash/Total Assets
=28800/470,000
=6.1277%)
Cash = 6.13%.
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What are three ways that you can deposit withdraw or transfer money?
Utilizing an ATM, Simple is one of the most well-known cloud-based banks. Three options to deposit, withdraw, or transfer money are: 2. Speak with your bank; 3. Transfer.
What is withdrawal money?The withdrawal entails taking money out of a trust, pension, savings plan, or bank account. In some circumstances, requirements must be satisfied be order to withdraw money without incurring fees, and fees for early withdrawal typically apply when a provision of an investment contract is broken.
Why does withdraw mean?To bring back; remove; or draw back, aside: She took her hand off of his. His money were taken out of the bank. Retract or recall means to remove a false accusation. to make someone go through addiction withdrawal.
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Does everyone file federal taxes?
No, everyone is not required to file federal taxes.
Federal tax filing is not mandatory for everyone. Depending on one's income, filing status, and ability to be claimed as a dependent on another person's tax return, one may or may not be required to submit taxes. In general, one does not have to file a federal tax return if the total income for the year does not reach specific criteria.
An individual's ability to receive certain forms of income, their eligibility for certain credits and deductions, and whether they owe any taxes are just a few of the many other aspects that can influence whether they must submit a federal tax return. To find out if an individual has to file a federal tax return, they can check the IRS website or consult a tax expert.
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Which situation best illustrates how global trade promotes specialization brainly.
The antislavery movement in the 1800s compelled the government to treat the question of abolition seriously situation best illustrates how global trade promotes specialization brainly.
A government is a structure or organisation of individuals in charge of a planned network, most often a nation. In its broadest sense, government typically refers to the legislative branch, the executive branch, and the judicial branch. Authorities serve as both a vehicle for establishing policy and a means of enforcing organisational regulations. Many governments have some form of constitution that serves as a statement of their governing principles. While all organisations have governance, the term "government" is frequently used in particular to refer to the approximately 200 independent national governments and subsidiary organisations.
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a widow wishes to take out a reverse mortgage on her house. what annual payment can she get if she decides on a $100,000 debt at the end of 10 years
Calculation of Future Value of $10,000 after 10 years at 9% Interest Rate
Future Value = Advance Amount x (1 + r)n
= $10,000 x (1 + 0.09)10
= $10,000 x 2.367363
= $23,674
The Amount available for annuity payment
The Amount available for annuity payment = Debt – Future Value of Advance payment
= $10,000 - $23,674
= $76,326
Calculation of the Annual Payment that she would get
Future Value of an Ordinary Annuity = P x [{(1+ r)n - 1} / r ]
Future Value = $76,326
Interest Rate (r) = 9%
Number of period = 10 Years
Annual Payment (P) = ?
Future Value of an Ordinary Annuity = P x [{(1+ r)n - 1} / r ]
$76,326 = P x [{(1 + 0.09)10 – 1} / 0.09]
$76,326 = P x [(2.36736 – 1 ) / 0.09]
$76,326 = P x [2.36736 / 0.09]
$76,326 = P x 15.19293
P = $76,326 / 15.19293
P = $5,024 per year
“Therefore, she would get annual payment of $5,024 per year”
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In the changing workforce, ________ play(s) a big role in customer satisfaction.
A.
recruiters
B.
marketing
C.
employee performance appraisals
D.
the organization's strategy
E.
employee attitudes and behaviors
In the changing workforce, employee attitudes and behaviors play(s) a big role in customer satisfaction: E.
What is customer satisfaction?Customer satisfaction can defined as what help to measure the satisfaction that a customers derived from a product or from the use of a product.
Example of customer satisfaction is when a customer purchase a product from a company and the company is happy because the product meet the customer expectation.
Therefore the correct option is E.
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What do the 4 Agile values mean?
The agile approach to software development is defined by a commitment to producing software gradually, or in small, frequent increments.
The Agile Manifesto states that there are four key concepts of Agile software development:
Individuals and interactions take precedence over procedures and tools, functional software beats out thorough documentation, customer engagement beats out contract negotiations, and adapting to change takes precedence over sticking to a schedule.
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Susan quit her job as a teacher, which paid her $48,000 per year, in order to start her own catering business. She spent $12,000 of her savings, which had been earning 10 percent interest per year, on equipment for her business. She also borrowed $12,000 from her bank at 10 percent interest per year, which she also spent on equipment. For the past several months she has spent $1000 per month on ingredients and other variable costs. Also, for the past several months she has taken in $4700 in monthly revenue. What should susan do in the short run and the long run?.
Because her company is currently earning an accounting profit, Susan can continue operating for the foreseeable future; nevertheless, unless her revenues improve, she shouldn't do so in the long run. Economic profit/loss in the long run equals $0, and Susan is not even close. Until she can return to her previous teaching position, she should continue working at her catering business (or get a new one).
Total sales minus total expenses equals Susan's accounting profit/loss ($3,500 x 12). - [($1,000 x 12) + ($12,000 x 10%)] = $42,000 - $13,200 = $28,800
Accounting profit minus opportunity expenses equals Susan's economic profit or loss.Opportunity costs are the additional expenses or benefits foregone when selecting one course of action or investment over another. Susan's opportunity cost in this instance is $37,000, which is comprised of $36,000 in lost wages and $1,200 in lost interest.
Susan's financial loss is equal to $8,400 ($28,800 - $37,200).
Because her company is currently earning an accounting profit, Susan can continue operating for the foreseeable future; nevertheless, unless her revenues improve, she shouldn't do so in the long run. Economic profit/loss in the long run equals $0, and Susan is not even close. Until she can return to her previous teaching position, she should continue working at her catering business (or get a new one).
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Which Agile methodology refers to a pull system focused on limiting the amount of work in progress to the capacity of the team?
Work in progress (WIP) limitations in agile methodology define the most quantity of work that can be present in each workflow phase.
Teams employ the iterative agile development process for software development. Cross-functional, self-organized teams frequently adapt projects by analysing the environment and user requirements. In sprints with short-term deliverables, Scrum teams continuously improve quality. The Agile methodology divides a project into many parts and uses these phases to manage the project. Continuous improvement at every stage and ongoing collaboration with stakeholders are required. Teams cycle through a process of planning, carrying out, and assessing once the job starts. Collaboration between team members and project stakeholders must always be ongoing.
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Was the creation of NAFTA a success?
For some, NAFTA has been a success, as the United States, Mexico, and Canada have all experienced improved gross volumes of trade and financial flow. But the agreement has additionally been blamed for growing unemployment in the U.S.
Was NAFTA a success or failure?The 1994 North American Free Trade Agreement (NAFTA) used to be the first alternate treaty that attempted to promote and protect place of work fitness and protection through a "labor facet agreement." NAFTA failed to shield workers' fitness and security due to the weaknesses of the facet agreement's text; the political and diplomatic
Hundreds of heaps of auto manufacturing jobs have also been created in the country, and most research have determined [PDF] that the settlement expanded productivity and reduced client fees in Mexico.
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https://brainly.com/question/644093#SPJ4What are your own feelings about credit scores and how they are used in our society? do you think they are accurate? fair/just? perpetuating inequality? explain your reasoning.
The FICO score, which is utilised by the major credit agencies to assess your creditworthiness, is the credit scoring system that you will hear about most frequently in the United States.
The range of your FICO score is 300 to 850, with a higher score being preferable. Your financial life might be dramatically impacted by your credit score. It is very important in determining if a lender will provide you credit. For instance, subprime borrowers are often those with credit scores below 640.
There may be variations in the data gathered by the three credit bureaus, but there are five key elements taken into account when determining a credit score: Financial history Amount owed in full History of credit used credit types extra credit.
Many credit cards, notably the most lucrative rewards cards, are only made available to customers with a certain level of creditworthiness. Numerous of the top credit cards are only promoted to people with excellent credit scores. Your credit score might impact the terms of your credit card application.
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What is inelastic in economics quizlet?
Inelastic in economics refers to the static quantity of a good or service when its price changes.
When suitable alternatives are unavailable, inelastic items are typically necessary. Utilities, prescription medications, and smokeless tobacco have the most frequent inelastic demand among all goods. Because demand for these products is constant regardless of price changes, businesses who sell them can be more flexible with pricing.
When a buyer's desire for a product does not fluctuate as much as a product's price change, this is known as inelastic demand. Demand is said to be inelastic when the price rises by 20% yet the decline in demand is only 1%. if the quantity demanded changes only slightly as a result of consumers' reactions to price changes. An economic idea known as "inelasticity" describes an item or service's unchanging quantity while its price varies. the term "inelastic demand".
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what role of the federal reserve has been cited as contributing to the banking crisis of 2008? it kept the reserve requirement too high. it kept interest rates too high. it kept the cost of borrowing too low. it eliminated the discount rate.
The federal reserve has been cited as contributing to the banking crisis of 2008 by keeping the cost of borrowing too low. Hence, option D is appropriate.
What is the Federal reserve?To guarantee that the financial system supports a strong economy for American people, communities, and businesses, the Federal Reserve analyzes financial sector risks and actively participates at home and abroad.
The Federal Reserve System is governed by the Board of Governors, which is based in Washington, D.C. Seven people referred to as "governors," would be chosen either by the American president but also confirmed in their positions or by the American senate in charge of it.
The Fed is the main regulator overseeing banks that are participants within Federal Reserve System and has considerable authority to take action to promote financial stability. It serves as the member institutions' last-resort lender when they have nowhere else to turn for financing.
Hence, option D is correct.
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What are the duties of a union steward?
a. To represent employees during grievance procedures against managers
b. To make sure the contract between workers and employers is properly enforced
c. To investigate complaints lodged by workers against employers
The duties of a union steward are to represent employees during grievance procedures against managers, to make sure the contract between workers and employers is properly enforced and to investigate complaints lodged by workers against employers. So all options are correct.
A union steward, often referred to as a union representative or shop steward, is a worker for a business or organisation who simultaneously serves as a labor union official, defending the rights of other workers. The job is optional, and the incumbent is typically chosen democratically by the other employees.
In most collective bargaining agreements, there is a steward clause that grants the union steward the ability to participate in union activity at work and to handle union business during working hours.
Hence, the duties of a union steward are:
a. To represent employees during grievance procedures against managers
b. To make sure the contract between workers and employers is properly enforced
c. To investigate complaints lodged by workers against employers
So all options are correct.
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a machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. what is the amount of depreciation for the second full year, using the double-declining-balance method? a.$37,500 b.$17,500 c.$16,667 d.$18,750
If a machine with a cost of $75,000 has an estimated residual value of $5,000. the amount of depreciation for the second full year, using the double-declining-balance method is: d. $18,750.
How to find the depreciation?Straight line rate = 1/Useful life × 100
Straight line rate = 1/4 × 100
Straight line rate = 25%
Year 1 Depreciable expense = Machine cost ×(Straight-line rate× Multiplier)
Year 1 Depreciable expense = 75,000 × (25% × 2)
Year 1 Depreciable expense = 75,000 × 0.50
Year 1 Depreciable expense = $37,500
Depreciable expense for year 2 = (Machine cost - Depreciable expense for year 1) × (Straight-line rate× Multiplier)
Year 2 Depreciable expense = (75,000 - 37,500) × (25% × 2)
Year 2 Depreciable expense = 37,500× 0.50
Year 2 Depreciable expense =$18,750
Therefore the correct option is D.
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Is a barter economy an economy with no money?
In a barter system economy, goods and services are available exchanged or transacted without the use of money. The correct response is (A) As traders sought to facilitate trade, money emerged out of a barter economy.
A barter economy is an economic system in which the exchange of goods and services occurs without the use of money and instead involves a negotiated exchange of products and services at a rate that is agreed upon by the people involved. Before the creation of the monetary system or money, the barter economy is regarded as one of the earliest economic systems.
A barter economy can be described by the following truths: A barter economy can be anticipated to have lower average living standards than a money system because traders sought to make trading easier and during the evolution of money. A barter economy is one in which goods and services are exchanged for other items of equal worth. Cash is not involved in barter.A lot of prehistoric cultures traded goods by bartering.However, early societies like the Phoenicians created the first kind of money to ease trade and allow the determination of a good's value.
complete question:
Is a barter economy an economy with no money?
(A) As traders sought to facilitate trade, money emerged out of a barter economy.
(B) Compared to a money system, a barter economy has reduced transaction costs for exchanges.
(C) It is reasonable to anticipate that average living standards will be lower in a barter economy than in a money economy.
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