calculate the value of the common actions of Petty Motors, we can use the dividend discount model (DDM). The DDM values a stock based on
the present value of its future dividends. The formula for the DDM is: Value of Common Actions = Dividend / (Required Rate of Return - Dividend Growth Rate) Assuming dividends increase at a rate of 0% indefinitely: If the dividend growth rate is 0% and the required rate of annual return is 12%, the value of the common actions can be calculated as follows: Value of Common Actions = $1.80 / (0.12 - 0) Value of Common = $1.80 / (0.12 - 0.05) Value of Common Actions = $1.80 / 0.07 Value of Common Actions = $25.71 Assuming dividends increase at a rate of 5% Dividends + Present Value of Terminal Value Present Value of Dividends = ($1.80 * (1 + 0.05) / (1 + 0.12)^1) + ($1.80 * (1 + 0.05)^2 / (1 + 0.12)^2) + ($1.80 * (1 + 0.05)^3 / (1 + 0.12)^3) Present Value of Terminal Value = ($1.80 * (1 + 0.05)^3 * (1 + 0.04) / (0.12 - 0.04)) / (1 + 0.12)^3 Value of performance Common Actions = Present Value of Dividends + Present Value of Terminal Value After calculating these values, the total value of the common actions can be determined. Note: The calculations provided above are examples and do not consider other factors that may affect stock valuation, such as market conditions, risk factors, and other financial indicators.
learn more about dividend here:
https://brainly.com/question/23031658
#SPJ11
Of every 500,000 jobs in the U.S., the approximate number of those through international firms are _____.
Answer:
90,000
Explanation:
Which of the following is NOT a resource?
A
water
B.
food
C.
land
D.
jewelry
Answer:
D
Explanation:
It was never made when Earth was made
Answer:
jewelry not resource this is a correct answer
What are the 3 Pure economic systems?
Economy can be divided into three main categories: command, free market, and mixed The following chart contrasts command and free-market economies; The two are combined in mixed economies.
Which three pure economic systems are they?
The three main types of economic systems are as follows: market, command, and mixed We'll talk briefly about each of these three kinds.
What exactly is a pure economy?
a system for making financial decisions. the price and production are discussed. by both consumers and producers, involving minimal government involvement.
What are three characteristics of a market economy that are pure?
A market economy is characterized by private property, freedom, self-interest, competition, and minimal government intervention.
To learn more about Economy here:
https://brainly.com/question/2421251
#SPJ4
Your supervisor has emailed this memo to appropriate employees. The primary purpose of
this email is to tell employees:
A. how long their fingernails can be in the cleanroom.
B. what jewelry is acceptable in the cleanroom.
C. what gloves must be worn in the cleanroom.
D. which personal hygiene products can be worn in the cleanroom.
E. changes to cleanroom practices.
The primary purpose of this email is to tell employees is E. changes to cleanroom practices.
Dear employees,
We hope this email finds you well. We are writing to inform you about some important changes to our cleanroom practices. It is crucial that everyone in our organization follows these updated guidelines to maintain a safe and controlled environment.
Effective immediately, we would like to inform you of the following changes:
Fingernail length: In order to prevent any potential contamination, it is mandatory that all employees keep their fingernails trimmed short. This applies to both natural and artificial nails.
Jewelry restrictions: To minimize the risk of foreign objects entering the cleanroom, it is prohibited to wear any jewelry, including rings, necklaces, bracelets, and earrings, while working in the cleanroom.
Gloves requirement: To ensure proper hygiene and prevent cross-contamination, it is mandatory for all employees to wear the specified gloves provided by the organization while working in the cleanroom. This applies to all tasks, including handling sensitive equipment and materials.
Personal hygiene products: In order to maintain a clean and sterile environment, the use of personal hygiene products such as perfumes, colognes, and scented lotions is strictly prohibited in the cleanroom.
Please take note of these changes and ensure that you adhere to them at all times. These updates are vital for upholding the integrity and safety of our cleanroom environment. If you have any questions or need further clarification, please don't hesitate to reach out to your supervisor or the cleanroom management team.
Thank you for your cooperation and commitment to maintaining a high standard of cleanliness in our cleanroom.
Sincerely,
[Supervisor's Name]
[Supervisor's Position]
So, the correct answer is E. changes to cleanroom practices.
For more such questions on employees
https://brainly.com/question/27404382
#SPJ8
All but one of the following are steps in changing organizational culture. Which one is not a step to changing culture?
a. Hiring people compatible with the new culture
b. Creating dissatisfaction with the old culture
c. Avoiding rituals
d. Socializing new employees
The following formula can be used to determine the company's sustainable growth rate:Net income divided by total assets is the sustainable growth rate. Dividend Payout Ratio = 1
Assumed: Net Income is $2,000
Assets Total: $100,000 Dividend: $500
Dividend Payout Ratio: Dividends / Net Income
Dividend Payout Ratio: (500/2,000) = 0.25
Sustainable Growth Rate: ($2,000/$100,000) * (1 - 0.25), or 0.015 * 0.75, or 0.01125
1.125% (rounded to one decimal place) is the sustainable growth rate.
The amount of debt issued the following year can be determined by multiplying the total assets funded by debt by the sustainable growth rate of the company:
learn more about company's here :
https://brainly.com/question/30532251
#SPJ11
Managers are accountable to some stakeholders whose interests they represent. These
stakeholders are:
Customers
Employees
Owners
Shareholders
Society
Government
1. Conduct a research to explain how is management responsible to EACH of these stakeholders. [18 marks]
pls help me
Answer:
see explanation
Explanation:
Stakeholder is anyone interest in the operation of a company or affected by the decision of the company.
Each stakeholder has its own interest and this is listed below :
Customers
They expect to receive value for money out of the firm products or services.
Employees
They are looking up to management for better remuneration for their manpower.
Owners
They seeking a maximum return from their investment in the company. Management run the company on their behalf as stewards.
Shareholders
They also seek maximum return from their investment in the company.
Society
The community expects the company to be a good corporate citizen and improve the social factors of employment, sustainability and environmental issues
Government
The government expects the company to be tax compliant and to pay its dues on time.
how to plan for a turbulent environment surrounding the current pandemic
Explanation:
The long-running debate between the ‘rational design’ and ‘emergent process’ schools of strategy formation has involved caricatures of firms' strategic planning processes, but little empirical evidence of whether and how companies plan. Despite the presumption that environmental turbulence renders conventional strategic planning all but impossible, the evidence from the corporate sector suggests that reports of the demise of strategic planning are greatly exaggerated. The goal of this paper is to fill this empirical gap by describing the characteristics of the strategic planning systems of multinational, multibusiness companies faced with volatile, unpredictable business environments. In-depth case studies of the planning systems of eight of the world's largest oil companies identified fundamental changes in the nature and role of strategic planning since the end of the 1970s. The findings point to a possible reconciliation of ‘design’ and ‘process’ approaches to strategy formulation. The study pointed to a process of planned emergence in which strategic planning systems provided a mechanism for coordinating decentralized strategy formulation within a structure of demanding performance targets and clear corporate guidelines. The study shows that these planning systems fostered adaptation and responsiveness, but showed limited innovation and analytical sophistication
What are the indicators that Jenny and Sam designed which suggest the training program was not a success? Satisfaction scores E-learning interaction metrics O High engagement factors and completion rates O Low participation and completion rates O Low assessment scores
The training program may not have achieved its intended objectives or successfully met the participants' needs. The indicators that Jenny and Sam designed, which suggest the training program was not a success, are:
1. Low participation and completion rates: If a large number of participants did not actively engage or complete the training program, it indicates a lack of interest or perceived value in the content.
2. Low assessment scores: If participants' performance on assessments or evaluations is consistently poor, it suggests that the training program did not effectively convey the necessary knowledge or skills.
These indicators highlight the lack of engagement, completion, and performance among the participants, which indicate that the training program may not have achieved its intended objectives or successfully met the participants' needs.
To know more about objectives visit:
https://brainly.com/question/25759238
#SPJ
Which of the following statements characterizes the Second Bank of the United States in the 1830s?
a. Its cautious monetary policy pleased bankers, creditors, and East Coast entrepreneurs, who funded economic development.
b. Most Americans welcomed the Second Bank's policy of forcing unsound western banks to close.
c. Eastern entrepreneurs and bankers opposed the Second Bank because it strove to limit their plans for national economic development.
d. Jackson's opponents in Congress knew he opposed the Second Bank and attempted to stall a vote on its charter until he left office.
The statement that characterizes the Second Bank of the United States in the 1830s is (c) Eastern entrepreneurs and bankers opposed the Second Bank because it strove to limit their plans for national economic development.
The Second Bank of the United States was established in 1816 with a charter from Congress to regulate the nation's money supply and provide stability to the banking system. However, the Bank soon became embroiled in a bitter political struggle over its role in the economy. Many eastern entrepreneurs and bankers supported the Bank, seeing it as a way to promote economic development and protect their investments. However, opponents, led by President Andrew Jackson, saw the Bank as a tool of the wealthy elite that served their interests at the expense of ordinary Americans.
Jackson vetoed a bill to renew the Bank's charter in 1832, and the Bank became a central issue in the 1832 presidential election. Jackson won a decisive victory and immediately began working to undermine the Bank's power. In 1833, he removed the government's deposits from the Bank and placed them in state-chartered banks, which weakened the Bank's ability to control the money supply. The Bank's charter expired in 1836, and it was not re-chartered.
The correct answer is (c) Eastern entrepreneurs and bankers opposed the Second Bank because it strove to limit their plans for national economic development.
learn more about bankers here:
https://brainly.com/question/26352161
#SPJ11
alwaysrain irrigation, inc. would like to determine capacity requirements for the next four years. currently, two production lines are in place for making bronze and plastic sprinklers. three types of sprinklers are available in both bronze and plastic: 90-degree nozzle sprinklers, 180-degree nozzle sprinklers, and 360-degree nozzle sprinklers. management has forecast demand for the next four years as follows: both production lines can produce all the different types of nozzles. the bronze machines needed for the bronze sprinklers require two operators and can produce up to 11,000 sprinklers. the plastic injection molding machine needed for the plastic sprinklers requires four operators and can produce up to 205,000 sprinklers. three bronze machines and only one injection molding machine are available.(assume that there is no learning.) 1. what are the capacity requirements for the next four years? (please calculate the capacity utilization, machine requirement and labor requirement for each year) 2. as the operation manager, do you have any comments or concern about capacity?
The capacity requirements for the next four years, we need to calculate the demand for each type of sprinkler and the available capacity for each production line is given below.
Bronze Machines:
Demand for 90-degree nozzle sprinklers: 11,000 sprinklers / year
Demand for 180-degree nozzle sprinklers: 11,000 sprinklers / year
Demand for 360-degree nozzle sprinklers: 11,000 sprinklers / year
Available capacity for bronze machines: 11,000 sprinklers / year
Plastic Machines:
Demand for 90-degree nozzle sprinklers: 0 sprinklers / year
Demand for 180-degree nozzle sprinklers: 0 sprinklers / year
Demand for 360-degree nozzle sprinklers: 0 sprinklers / year
Available capacity for plastic machines: 205,000 sprinklers / year
Total Available Capacity: 316,000 sprinklers / year
Based on the forecasted demand and available capacity, the capacity utilization for each year would be:
Year 1: 81.82% (11,000 sprinklers / 13,333 sprinklers available)
Year 2: 77.27% (11,000 sprinklers / 13,333 sprinklers available)
Year 3: 73.19% (11,000 sprinklers / 13,333 sprinklers available)
Year 4: 70.37% (11,000 sprinklers / 13,333 sprinklers available)
Machine Requirements:
Year 1: 2 bronze machines (11,000 sprinklers / 11,000 sprinklers produced)
Year 2: 2 bronze machines (11,000 sprinklers / 11,000 sprinklers produced)
Year 3: 2 bronze machines (11,000 sprinklers / 11,000 sprinklers produced)
Year 4: 2 bronze machines (11,000 sprinklers / 11,000 sprinklers produced)
Labor Requirements:
Year 1: 2 operators (11,000 sprinklers / 2 operators)
Year 2: 2 operators (11,000 sprinklers / 2 operators)
Year 3: 2 operators (11,000 sprinklers / 2 operators)
Year 4: 2 operators (11,000 sprinklers / 2 operators)
As the operation manager, I would have concerns about the capacity requirements for the next four years. The current capacity is only able to meet 70-75% of the forecasted demand for each type of sprinkler. This could lead to production delays and potentially lost sales.
Learn more about demand visit: brainly.com/question/18550230
#SPJ4
the requires all franchisers to disclose detailed information on their operations at the first personal meeting or at least fourteen days before a franchise contract is signed or any money is paid.
The requires all franchisers to disclose detailed information on their operations at the first personal meeting or at least fourteen days before a franchise contract is signed or any money is paid is the Franchise Rule.
This rule requires all franchisers to disclose detailed information on their operations either at the first personal meeting or at least fourteen days before a franchise contract is signed or any money is paid.
The Franchise Rule is a regulation that ensures transparency and protection for individuals who are considering investing in a franchise. It mandates that franchisers provide potential franchisees with detailed information about their operations and the terms of the franchise agreement.
This information must be disclosed either during the first personal meeting or at least fourteen days prior to signing the contract or making any payments. This allows potential franchisees to make an informed decision based on all the necessary information before entering into a franchise agreement.
To know more about franchise agreement click on below link:
https://brainly.com/question/30835055#
#SPJ11
is the income earned by whoever has the right to import the good at the world price and sell it in the domestic market at the higher quota price.
Quota rent is the income earned by whoever has the right to import the good at the world price and sell it in the domestic market at the higher quota price.
What is quota rent?The economic rent that the owner of an imported commodity subject to a quota receives is known as quota rent. First determine the economic rent, which is the upward difference between the domestic price of the good and the free market price from around the world, before calculating the quota rent. The quota rent is then calculated by multiplying the economic rent by the volume of the imported good. The supply and demand for a good or service can occasionally be thrown off balance by external economic forces. One such external influence is trade quotas, which are frequently used and quite effective. Calculating "quota rent" is one way economists assess the inefficiencies brought about by import quotas.The dollar value of a quota rent is equal to the size of the quota times the difference between the quota price and the world price.
Know more about quota rent with the help of the given link:
https://brainly.com/question/22434455
#SPJ4
they are many mixed exnomies in the world becuse
Explanation:
A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
Which of the following is an example of APR?
a. Introductory APR
b. Penalty APR
c. Annual Fee APR
d. Both A and B
Answer:
D.
Explanation:
This is because through the process of APR, you can be charged after a loan, as you must pay it back.
Answers A and B support this claim.
Hope this helps.
Brainley is not letting me make an account and I don't know the email so that I can email them!!! helppp!!! plsss
Answer:
you are using an account right now.
Explanation:
A potential lawsuit claim is disclosed when the claim can be reasonably estimated and it is reasonably possible. True or False
False. A potential lawsuit claim is disclosed when it is probable and the amount can be reasonably estimated, not when it is "reasonably possible."
This is in accordance with accounting principles and guidelines such as the Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS).
The term "probable" means that it is likely that an event or obligation will occur, while "reasonably estimated" means that the amount can be reasonably determined or estimated.
The disclosure of potential lawsuit claims is important for providing transparency and allowing stakeholders to understand the potential impact on an entity's financial position and performance.
Learn more about lawsuit here: brainly.com/question/30392587
#SPJ11
Using a loan could help with the purchase of which of the
following?
Airline tickets to your dream vacation
A dream wedding
A house
A new television
Answer:
A house
Explanation:
Answer:
A house
Explanation:
All changes saved
2. It's best for event marketers to have a single official website listing information about the event?
Answer:
True
Explanation:
Customers have a preference for a one-stop shopping experience. In other words, customers would prefer to shop in a store that provides a variety of all the products and services they need.
For event marketers, it will be advantageous if they list all their services on a single website. Customers requiring a wide range of services are likely to contact them for business. If they list services on different websites, customers will likely view them as different providers, offering varied services. This will make them continue searching for a preferred service provider.
Petra is paying her ten employees for 40 hours a week, 52 weeks each year. in 2007, petra spent on wages for her employees each week. when the minimum wage rose in 2009, petra had to increase her annual budget for wages from 2008 by .
In 2007, Petra spent $2,340 on wages for her employees each week, and Petra increased her annual wage budget from 2008 by $14,560.
Calculation of wagesNote: This question is not complete. The complete question is therefore provided before answering the question as follows:
Petra owns a coffee shop. She has ten employees. In 2007, she paid her employees minimum wage ($5.85 an hour). In 2008, the minimum wage increased to $6.55 an hour. In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___
We can now proceed as follows:
Weekly wage spent Petra in 2007 = 2007 minimum wage per hour * Number of employees * Number of hours per week = $5.85 * 10 * 40 = $2,340
Amount of increase in minimum wage per hour between 2008 and 2009 = $7.25 - 6.55 = $0.7/hour
Petra’s increase in annual budget for wages in 2009 = Amount of increase in minimum wage per hour between 2008 and 2009 * Number of employees * Number of hours per week * Number of weeks = $0.7 * 10 * 40 * 52 = $14,560
Learn more about wages here: https://brainly.com/question/15381069.
#SPJ4
Answer:
Petra is paying her ten employees for 40 hours a week, 52 weeks each year.
In 2007, Petra spent $2,340 on wages for her employees each week.
when the minimum wage rose in 2009, Petra had to increase her annual budget for wages from 2008 by $14,560
Explanation:
got it right
kirsten wants to know how her property management firm is compensated for managing her rental property in flagstaff. she should refer to her Property Management agreement for this information.
Kirsten can refer to her Property Management agreement to determine how her property management firm is compensated for managing her rental property in Flagstaff.
Typically, property management firms charge a percentage of the rental income as their fee for managing the property. This percentage may vary depending on the services provided and the size of the property. Additionally, some firms may charge additional fees for specific services such as finding and screening tenants, handling repairs and maintenance, and marketing the property. It is important for Kirsten to review her agreement carefully and understand all the fees and charges associated with the management of her rental property. This will help her make informed decisions and ensure that she is getting a fair and reasonable deal from her property management firm.
To learn more about management, visit:
https://brainly.com/question/17640752
#SPJ11
which of the following are reasons an intermediary might refuse to work with a producer? (check all that apply.)
The following are some of the reasons why an intermediary might refuse to work with a producer:
-because the producer is unknown to the intermediary
-because the producer is selling a new product
Some of the reasons why an intermediary might refuse to work with a producer1. Insufficient quantity of products
The intermediary might refuse to work with the producer because the producer is not able to provide enough products to meet the requirements of the intermediary. It could be a case where the producer is unable to fulfill the order in time due to limited production capacity.
2. Poor product Quality
If the product quality is poor, the intermediary will refuse to work with the producer. The intermediary has to maintain a certain standard of quality for the product they sell to the customers. Poor product quality can damage the intermediary's reputation, so they need to make sure that the quality is up to the mark.
3. Poor credit History
The intermediary may not work with the producer if the producer has a poor credit history. The intermediary has to make payments to the producer, and if the producer is not creditworthy, the intermediary may not get the payment on time or may have to face difficulties in the future.
4. Lack of trust
The intermediary might refuse to work with the producer if they do not trust the producer. It could be a case where the intermediary has had a bad experience in the past, or the producer has a bad reputation in the market. The intermediary might not want to take any risks by working with the producer.
5. Insufficient Margins
The intermediary may refuse to work with the producer if the margins offered by the producer are insufficient. The intermediary has to maintain a certain profit margin, and if the producer is not able to provide enough margins, the intermediary may not find it profitable to work with the producer.
Your question is incomplete but most probably your full question was:
Which of the following are reasons an intermediary might refuse to work with a producer? (check all that apply.)
-because the producer is unknown to the intermediary
-because the producer is selling a new product
-because the intermediary resists vertical integration
-because the intermediary fears that the producer will steal its customer base
Learn more about intermediary at
https://brainly.com/question/1537763
#SPJ11
A protocol stack is
another way of saying "network address"
O a set of supporting protocols in a series of layers
O the order of precedence in the transmission control protocol
O another way of saying "TCP/IP"
A protocol stack is: b. a set of supporting protocols in a series of layers.
What is protocol stack?A protocol stack refers to a set of communication protocols that are used together to facilitate communication between different devices on a network. The protocol stack is organized into different layers, with each layer responsible for a specific aspect of the communication process.
The layers in the protocol stack work together to ensure that data is transmitted reliably and efficiently across the network. Common examples of protocol stacks include the OSI model and the TCP/IP model.
Learn more about protocol stack here:https://brainly.com/question/30886582
#SPJ1
Which one of the following is an example of a procurement?
Answer:
Using a JIT stock control system
Explanation:
Procurement refers to the process of buying goods and services for an organization. It involves engaging many suppliers and identifying the most suitable ones. Procurement is the process of acquiring quality goods and services for a company in the most cost-efficient manner.
Just in time (JIT) is a strategy that aligns procurement with the production schedule. In the JIT strategy, materials are procured and delivered only when required for production.
People who live in urban areas are part of the target market for take-out via bicycle. This suggests that delivery services would most likely segment the market based on which consumer segmentation basis?.
This suggests that delivery services would most likely segment the market based on geographic consumer segmentation basis.
Define geography.The study of geography focuses on the diverse settings, locales, and regions present on the surface of the Earth as well as their interactions. It makes an effort to address the questions of why and where things are located. Geography is a modern academic discipline with ancient roots that focuses on the characteristics of places, particularly their natural environments and peoples, as well as the links between the two. The Greeks, whose words geo and graphene were combined to signify "earth writing" or "earth description," first developed and recognized it as a separate thing some 2,000 years ago. But before that, geography as we know it now developed in the Arab East and other places.
to know more about geography check the link given below:
brainly.com/question/1615943
#SPJ4
What was the opening price of Dow Jones Industrial Average on Jul 09, 2018 in the format of XXXXX.XX?
Answer:
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
The advantages of using a franchising strategy to pursue opportunities in foreign markets include:.
The advantages of using a franchising strategy to pursue opportunities in foreign markets include : Having franchisees bear most of the costs and risks of establishing foreign locations and requiring the franchisor to expend only the resources to recruit, train, and support and monitor franchisees.
What is franchising?Franchising is a marketing concept in which when adopted by an organization, can be used as a strategy for business expansion.
The Franchisor is the original business owner who sells the right, intellectual property and use of its business model to use its business name and idea.
Basically, franchise provides the opportunity to buy into a successful business model which has track record, solid supply chain and expert technical support.
Learn more about franchising here : https://brainly.com/question/12879015
The potential financial loss that entrepreneurs are willing to take in a business is called a _____.
How often does Soil & Sunshine Organics pay its workers?
Soil & Sunshine Organics pays its workers on a biweekly basis. This means that employees receive their wages every two weeks, providing a regular and consistent payment schedule.
Soil & Sunshine Organics follows a biweekly pay schedule for its workers. Biweekly pay means that employees are paid once every two weeks, resulting in 26 pay periods throughout the year. This payment frequency offers a predictable and regular income stream for the workers.
By paying its employees on a biweekly basis, Soil & Sunshine Organics ensures that its workforce receives compensation at regular intervals, allowing them to plan their finances accordingly. This approach can assist employees in managing their expenses, budgeting, and meeting financial obligations more effectively. Biweekly pay also simplifies the payroll process for the company, reducing administrative complexity by streamlining pay periods. Overall, a biweekly payment structure provides both employers and employees with a consistent and manageable payment arrangement.
Learn more about Biweekly pay here:
https://brainly.com/question/30146221
#SPJ11
Which of the following might experience a factor of failure related to expansion?
A. A hair salon that hires new employees immediately after it opens
B. A restaurant that doesn't have a website
C. A shoe store located near another popular shoe store
D. A grocery store with employees who miss company meetings
Answer:
a
Explanation:
cggm nauseousness hfff fallen
what is the purpose of money? it makes trading goods and services more efficient. it gives the government a way to track consumer habits. it provides the society a national symbol of pride. it keeps the nation from experiencing a depression.
The purpose of money makes trading goods and services more efficient.
Money is the recognized and used medium of exchange for all business dealings in a certain economy. Prior to the invention of money, bartering served as the primary medium of transaction.
However, it was challenging to estimate the worth of the objects that would be swapped. Money establishes a standard for prices based on the market value of the product, which improves the efficiency of trading such commodities and services.
The primary purpose of money is to serve as a medium of exchange for transactions. Without money, all transactions would have to be made through direct exchange of one commodity or service for another, or barter.
Learn more about money here:
https://brainly.com/question/22984856
#SPJ4