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2 years ago

In comparing money to a share of microsoft stock held by an individual, we can say:_______.

1 answer:

7 0

In comparing money to a share of Microsoft stock held by an individual, we can say, only the money is a means of payment, but both are stores of value.

In order to serve as a medium of exchange, money is very widely accepted as a method of payment. When comparing money to a share of Microsoft stock which is held by an individual, it can be said that money is a means of payment, but here the stock and money both are stores of value.

As a store of value, money is not unique as there are many other stores of value exist, such as stocks, land, works of art etc. Money may not even be the best store of value because it depreciates with inflation.

Hence, money is a means of payment, but together with money, stocks can also be stores of value.

To learn more about stocks here:

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Five thousand bonds with a face value of $1000 each, are sold at 110. The entry to record the issuance is

Contact [7]

Answer:

Date, bonds sold at a premium

Dr Cash 5,500,000

Cr Bonds payable 5,000,000

Cr Premium on bonds payable 500,000

Explanation:

The total face value of the bonds is $1,000 x 5,000 bonds = $5,000,000

since the bonds were sold at 110, their price was $5,000,000 x 110% = $5,500,000

the difference between the face value and the actual market price = $5,500,000 - $5,000,000 = $500,000 must be recorded as premium on bonds payable (increases the bonds' carrying value)

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3 years ago

While traveling on a commercial bus line, a passenger was injured when some luggage fell on him. As required by applicable state

Nonamiya [84]

Answer: See explanation

Explanation:

In a situation whereby the attorney of the passenger tried resolving the dispute in good faith, then the bus company must be ordered by the court to produce the report as well as the payment of reasonable cost that was incurred in making the motion.

It should however be noted that such cost may not be awarded when the movant had filed the motion before obtaining the disclosure in good faith. Also, the cost with be given when the nondisclosure response of the opposing party was justified.

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3 years ago

Why might Joel want a shorter auto loan term?

Mashutka [201]

The total cost of the lone will be lower

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3 years ago

Walter is a chemistry teacher who earns $50,000 per year, while Jesse is unemployed. Both Walter and Jesse want to go back to sc

katrin2010 [14]

Answer:

No, their economic cost of enrolling in the business program is not the same for both,

Explanation:

The explicit costs of going back to college are the same for Walter and Jesse, e.g. they might be $20,000 per year, or even $30,000 doesn't matter for this analysis. But Walter is currently working as a teacher and that means taht if he decides to go to college, his implicit costs will include the forgone salary as a teacher which is $50,000 per year. Implicit costs are opportunity costs, i.e. additional costs or benefits lost from choosing one activity or investment instead of another alternative.

Since Jesse is not working, whether she goes back to college or not will not affect her income, it will still be $0, but if Walter goes back to college he will lose his salary.

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2 years ago

Virtually every business has variable expenses, which move up and down in tight proportion with changes in sales volume or sales

TiliK225 [7]

Answer and Explanation:

Dynamic expenses are pointed to as operating expenses that are the production cost and important to run a business.

common example of the variable cost that depends on sales volume.

The cost of goods sold, that is the equivalent of goods sold to consumers.

Commissions charged from their selling to salespersons.

Fees charged by a company when a customer requires a credit or debit card.

so, we say that when a business increase or decrease their sale volume, their variable cost also gets affected.

3 0

3 years ago