Answer:
Antonio writes a check for $4,000: Medium of exchange;
Antonio can easily determine that the price of the super is more than the price of the Duper: Unit of account
Antonio has saved $4,000 in his checking account: store of value
Explanation:
* Antonio writes a check for $4,000: as he writes the check to car dealer, money in this situation is acted like a medium of exchange, that is, an intermediate instrument that helps to facilitate the transaction between Antonio and car dealer.
* Antonio can easily determine that the price of the Super is more than the price of the Duper: In this situation, money works as a unit of account. As Super takes him more money to own than the Duper, thanks to the money price tag Antonio easily identifies that the Super is more expensive than the Duper.
* Antonio has saved $4,000 in his checking account:: the $4,000 is the amount of purchasing power'value Antonio has had, yet not used; which has been stored in the form of monetary value. So, under this circumstances, money is played a role as store of value.
Answer:
$1,247.12
Explanation:
For computing the asked price we need to apply the present value formula i.e to be shown in the attachment below
Given that,
Future value = $1,000
Rate of interest = 4.151% ÷ 2 = 2.076%
NPER = 17 years × 2 = 34 years
The 20 years come from May 2019 to May 2036
PMT = $1,000 × 6.193% ÷ 2 = $30.965
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the present value or the ask price is $1,247.12
True. Most people report higher levels of personal satisfaction by giving of their time rather than giving money to a charity
.
Explanation:
Most people do report higher levels of personal satisfaction when they invest their own time and do public service instead of just donating their money for charity and never seeing what good or bad it did for the people it was supposed to go to.
This is because when people volunteer they are actually able to see the impact of their work and meet the people they want to help, not just send money for donations.
This makes them feel more fulfilled as now they can see they have made a difference.
Answer:
A key reason that companies all over the world choose to import goods is to extend their profit margin. High taxes, wage minimums, and material costs in certain countries make it more useful to import products from a country where fees, wages, and material costs are considerably lower.
Explanation:
Answer:
C. Preferred stockholders will receive the entire $300,000 and they must also be paid the remaining $20,000 sometime in the future before common stockholders will receive any dividends.
Explanation:
Preferred shares have preference over the common shares in respect of dividend. Since $300,000 is paid as dividend, the entire amount has to be paid to the preferred shareholders, as the total amount payable to them as dividend = $1,000,000 * 4 *8% = $320,000, which is more than the total dividend declared.
In addition, as the preferred shares have cumulative dividend preference the shortfall in any year is to be carried forward and paid in the year in which dividends are paid and that too before any dividend is paid to the common shareholders.
