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Nataly_w [17]
1 year ago
7

Question 5(Multiple Choice Worth 4 points)

Business
1 answer:
d1i1m1o1n [39]1 year ago
4 0

The function of money known as "Medium of exchange" describes a money use in the buying & selling of goods and services.

<h3>What is Money as Medium of exchange?</h3>

Money serves as a medium of exchange because it is use as intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.

In today world , the medium of exchange is money and it is used in the buying & selling of goods and services.

Therefore, the Option C is correct.

Read more about medium of exchange

brainly.com/question/20147958

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Which button in the Print Preview tab allows users to set specific margins on the page of a report?
Irina-Kira [14]

Answer:

Page Setup

Explanation:

Page set up allows users to determine how a print out will appear. The user can customize the page size and layout. The page setup dialog box is available under the Layout tab in the Ribbon menu.

Page layout makes it possible for users to set the print parameters. These parameters include paper size,  page orientation, page margins, and quality of the print.

6 0
3 years ago
Inventory records for Marvin Company revealed the following:
lbvjy [14]

Answer:

Ending inventory= $5,592.45

Explanation:

Giving the following information:

Mar. 1: Beginning inventory= 1,090 units at $7.25

Mar. 10: Purchase: 510 units at $7.75

Mar. 16: Purchase: 397 units at $8.35

Mar. 23: Purchase: 510 units at $9.05

First, we need to calculate the number of units in ending inventory:

Ending inventory in units= total units - units sold

Ending inventory in units= 2,507 - 1,880= 627

Under FIFO (first-in, first-out), the ending inventory is composed of the cost of the last units bought.

Ending inventory= 510*9.05 + 117*8.35= $5,592.45

6 0
3 years ago
Frank is a married man with 2 children. he wishes to buy life insurance policy that will pay out when he dies. What type of poli
crimeas [40]
Sure, let me help you on this one!

Well, we need a policy that will not expire, and that has a death benefit. The only one on the list that fits this description would be letter B.

There are tons of life insurances out there; however, permanent insurance is one of few that pays out money to the relatives to help them achieve their life goals such as paying tuition for college. 

Answer: permanent policy.
6 0
3 years ago
Read 2 more answers
An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of
lions [1.4K]

Answer:

It should cost $605,183.13 today.

Explanation:

Giving the following information:

Cash flow= $50,000

Number of years= 30

Interest rate= 7.25%

To calculate the present value, first, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {50,000*[(1.0725^30)-1]} / 0.0725

FV= $4,940,897.47

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 4,940,897.47/ (1.0725^20)

PV= $605,183.13

8 0
3 years ago
Break-Even Sales and Sales to Realize Operating Income For the current year ending December 31, McAdams Industries expects fixed
Ymorist [56]

Answer:

a.

Break even sales in units = 93000 Units

b.

Sales in units required for Target Income = 118000 units

Explanation:

a. Anticipated Break even sales in units

The break even in units is the number of units that a business must sell in order to for its total revenue to be equal to total costs and for it to break even. The break even in units is calculated as follows,

Break even in units = Fixed Costs / Contribution margin per unit

Where,

Contribution margin per unit = Selling price per unit - Variable cost per unit

Break even sales in units = 1860000 / (125 - 105)

Break even sales in units = 93000 Units

b. Operating income

To calculate the number of units required to earn a certain income or profit, we simply use the break even equation and add the income or profit amount required in the fixed cost. Thus the sales in units required to earn an operating income of $500000 is,

Sales in units required for Target Income = (1860000 + 500000) / (125 - 105)

Sales in units required for Target Income = 118000 units

3 0
3 years ago
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