1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikdorinn [45]
2 years ago
11

Does venmo fulfill the role of a medium of exchange? Does it matter for your answer that many retail stores won't accept it in p

ayment for goods and services?
Business
1 answer:
goldfiish [28.3K]2 years ago
5 0

It should be stated right away that Venmo is not a medium of exchange in and of itself. It is nothing more than a digital payment platform. Money is still the medium of exchange.

Many retail stores don't accept Venmo as a medium of exchange because Outside of Venmo, your bank or card issuer has declined the transaction. The payment has triggered one of Venmo's automated security flags. Technical issues can range from a slow internet connection to bugs in the Venmo app. Networking issues are a common reason why a Venmo payment fails.

If your company has unusually high transaction volumes, your Venmo account may raise a red flag. Sudden bursts of activity may indicate fraudulent transactions, implying that hackers have taken over your account. Venmo may refuse payment processing until you speak with customer service and confirm the activity is legitimate. Besides Venmo there are many other digital payment platforms.

Learn more about digital payment platforms here:

brainly.com/question/24590614

#SPJ4

You might be interested in
A department has budgeted monthly manufacturing overhead cost of $540,000 plus $3 per direct labor hour. If a flexible budget re
BigorU [14]

Answer:

b) 168,000 direct labor hours

Explanation:

The computation of the actual level of activity achieved is shown below:

= (Total budgeted manufacturing cost - budgeted monthly manufacturing overhead cost) ÷ (Rate per direct labor hour)

= ($1,044,000 - $540,000) ÷ ($3)

= $504,000 ÷ $3

= 168,000 direct labor hours

Simply we deduct the budgeted monthly manufacturing overhead cost  from the total budgeted manufacturing cost and then divide it by the rate per direct labor hour so that the accurate direct labor hours could be computed

4 0
4 years ago
Abigail and Darcy are married. In 2017 they sold there home, which they had purchased in 2012, and lived in it since 2013. They
iris [78.8K]

Answer:

<u>$485,000</u>

Explanation:

Initial cost of home= $270,000+$45,000= $315,000.

Recognized gain= $800,000 - $315,000 = $485,000.

Remember, it was mentioned that Abigail and Darcy immediately purchased another home for $800,000. Very likely this money was derived from the first and only home they ever sold.

Therefore, their recognized gain after substracting the cost is $485,000.

7 0
3 years ago
Brad mcdonald said sleeping takes a backseat compared to when he was in college. A.True B.False
insens350 [35]
I think that it is B. False

3 0
3 years ago
Yield to maturity (YTM) is the rate of return expected from a bond held until its maturity date. However, the YTM equals the exp
Rashid [163]

The probability of default is zero.

Answer: Option 1.

<u>Explanation:</u>

Yield to maturity (YTM) = [(Face value/Present value)1/Time period]-1. On the off chance that the YTM is not exactly the security's coupon rate, at that point the market estimation of the security is more prominent than standard worth ( premium security).

In the event that a bond's coupon rate is not as much as its YTM, at that point the bond is selling at a rebate or it is being sold at a discount rate.

6 0
3 years ago
On January 1, 2021, you are considering making an investment that will pay three annual payments of $10,000. The first payment i
gayaneshka [121]

Answer:

PV=26,662

Explanation:

this question can be solved by applying the concept of present value:

PV=FV*(1+i)^{-n}

where FV is future value, PV is the present value, i is the periodic interest rate and n is the number of periods. the key here is to make a good counting of the different periods of time, for example if the first payment on December 31,2024 is calculated on Januari 1,2021 there will be 3 years for discounting proccess so:

PV=10,000*(1+0.03)^{-3}+10,000*(1+0.03)^{-4}+10,000*(1+0.03)^{-5}

PV=26,662

3 0
3 years ago
Other questions:
  • Assume that on July 1, 2021, Togo's Sandwiches issues a $2.02 million, one-year note. Interest is payable at maturity. Determine
    6·1 answer
  • If we are replacing an old vehicle with a newer model, the cost of the old vehicle is:_______.
    8·1 answer
  • The nurse educates a client recently diagnosed with hypothyroidism about using the prescribed levothyroxine. The client has a hi
    10·1 answer
  • According to​ salary, the average salary for a software engineer level III​ (a higher-level position in software design and​ imp
    15·1 answer
  • Which of the following is a capital resource? a. A computer programmer. b. A corporate bond issued by a computer manufacturer. c
    6·1 answer
  • Suppose you're studying levels of job stress and measures of job efficiency in a nursing home. Your hypothesis is that increasin
    15·2 answers
  • Mutual Aid Agreements ________________________________. A. are mandated in state and county emergency management budgets.
    14·1 answer
  • Which of the following statements is true of a product sales-force structure? A product sales-force structure is characterized b
    7·1 answer
  • You are working on a brochure about your business. The type for the body text will be black and that for the section headings wi
    6·1 answer
  • Actual payroll posts simultaneously as a commitment, obligation, expense, and disbursement (COED) by means of a Journal Voucher
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!