The nation of newbie is establishing its monetary system and is designing its currency. the first proposal is to issue the newbie nugget (their new currency) in only 3 denominations of paper bills (100, 500 and 1000 newbie bills) but no coinage. in order to save time and resources they will print their currency on a heavy stock cardboard. the bills will be about the size of a business card so that the newbian people will be able to easily carry it with them in their wallets. why will the newbie nugget not function as a medium of exchange?

Susan is a 5th grade teacher and loves getting up every day and going to work to teach her students. this is an example of a. extrinsic value b. interests c. intrinsic value d. external value

Which of the following functions finds the highest value of selected inputs? a. high b. hvalue c. max

The ledger of laurie rental agency on march 31 of the current year includes the following selected accounts before adjusting entries have been prepared. debit credit prepaid insurance $ 5,400 supplies $ 4,500 equipment 40,000 accumulated depreciation—equipment $12,600 notes payable 25,000 unearned rent revenue 11,100 rent revenue 90,000 interest expense –0– salaries and wages expense 20,000 an analysis of the accounts shows the following. 1. the equipment depreciates $600 per month. 2. two-thirds of the unearned rent revenue was earned during the quarter. 3. the note payable is dated january 1 and bears 12% interest. 4. supplies on hand total $800. 5. the insurance policy is a two-year policy dated january 1. instructions: a. prepare the adjusting entries at march 31, assuming that adjusting entries are made quarterly. additional accounts are: depreciation expense, insurance expense, interest payable, and supplies expense. b. compute the ending balances for prepaid insurance, unearned rent revenue, and rent revenue, and indicate in which financial statement those items will be reported.