Answer:
Store of wealth
Explanation:
Store of wealth means that money retains it value and purchasing power over time. Thus, it can be stored or kept away and used sometime in the future without money losing its value.
Other functions of money are :
1. Medium of exchange: money can be used to exchange for goods and services in transactions.
2. Unit of account: money can be used to determine the value of goods and services being exchanged.
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Answer:
the present value is $58,026
Explanation:
The computation of the value of the building is shown below
Present value = Cash flows × Present value of discounting factor( interest rate%,time period)
= $13,800 ÷ 1.068^3 + $13,800 ÷ 1.068^4 + $13,800 ÷ 1.068^5 + $13,800 ÷ 1.068^6 + $13,800 ÷ 1.068^7 + $13,800 ÷ 1.068^8
= $58,026
Hence, the present value is $58,026
Answer:
Break-even point in units= 23,250
Explanation:
Giving the following information:
Selling price of $50
Variable costs of $30 per unit
Total fixed costs of $400,000.
Desired income= $65,000
<u>To calculate the number of units to be sold, we need to use the following formula:</u>
<u></u>
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (400,000 + 65,000) / (50 - 30)
Break-even point in units= 23,250
It should be noted that Centrally planned economies allocate resources based on decisions by government.
<h3>What is Centrally planned economies all about?</h3>
A centrally planned economy can be regarded as the economy whereby price and allocation of resources, goods as well as services is been controlled government.
This us done by the government instead of autonomous agents like that of free market economy.
Learn more about Centrally planned economies at:
brainly.com/question/13628349