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Ierofanga [76]
3 years ago
8

(1) You go to Greater's Ice Cream and see the price of a cone quoted as $3.00. (2) You buy the cone and pay with $3.00 in cash.

In the first instance money serves as ___________, while in the second instance money serves as ___________. Choose one: A. a unit of account; a store of value B. a medium of exchange; a store of value C. a medium of exchange; a unit of account D. a store of value; a unit of account E. a unit of account; a medium of exchange F. a store of value; a medium of exchange
Business
1 answer:
Nutka1998 [239]3 years ago
4 0

Answer:

The answer is E. a unit of account; a medium of exchange

Explanation:

Because they allows different things to be compared against each other; for example, goods, services, assets, liabilities, labour income, expenses.

A unit of account is a monetary unit of measurement of value or cost.

And the second is a medium of exchange because $3 is being used to buy cone. It exchanged money for cone.

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What is the most important thing about meeting new contacts
Dahasolnce [82]
I think A. Because I think it is very important to meet new people and getting to know them.
8 0
3 years ago
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You manage an equity fund with an expected risk premium of 13% and a standard deviation of 44%. The rate on Treasury bills is 6.
Nady [450]

Answer and Explanation:

The computation of the expected return and the standard deviation is given below:

the expected return is

= $90,000 × 13% + $60,000 × 6.6%

= $15,660.00

And,

standard deviation of return is

= $90,000 × 13% × 44% + $60,000 × 6.6%

= $5,148 + $3,960

= $9,108.00

In this way it should be calculated

8 0
3 years ago
Javier computer services began operations in July 2017. At the end of the company prepares monthly financial statements. It has
defon

Answer and Explanation:

The adjusting entries are shown below:

a. Salaries expense Dr $1,400

        To Salaries payable $1,400

(being salaries expense is recorded)

b. Interest expense ($40,000 × 12% × 1 ÷12) $400

     To interest payable $400

(being interest expense is recorded)

c. Account receivable Dr $3,000

         To Service revenue $3,000

(being revenue is recorded)

These 3 entries should be recorded

5 0
3 years ago
Select which of the ways that entrepreneurs improve the economy is being described:
Ugo [173]

Answer:

Select which of the ways that entrepreneurs improve the economy is being described:  As a family's basic needs are met, jobs are given to the people who help provide these needs.

new business

Explanation:

Entrepreneur improves the economy by starting a new business, they are employer of labor and improves the economy

7 0
3 years ago
Allison's requires $180,000 to fund a new project next year. The firm expects to earn excess cash of $68,000 this year after all
liraira [26]

$0 is needed

<u>Explanation:</u>

As per pecking order theory the risks and consequently cost increases in the order of own cash reserves, debt and then fresh equity . Since own cash reserves and debt could take care of funding requirement, so according to the pecking order theory as studied, the fresh equity needed is $0, which means there is no requirement.

Therefore, there should be no equity capital that should be raised in order to fund the project.

The correct answer is $0 equity.

4 0
3 years ago
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