Answer: Unit of account
Store of value
Medium of exchange
Explanation: Money has three functions:
Unit of account
Store of value
Medium of exchange
Unit of Account- Money can be used as a measure in determining value of goods and services. Norah compared the price of the dress to determine the dress costs less.
Store of value- money retains it value over periods of time, therefore it can be used to store value. Norah is saving money in a piggy bank.
Medium of exchange - money is used to facilitate transactions: it can be used to exchange for goods and services. Norah exchanged money for a dress.
I hope my answer helps.
Answer:
c) movement along
Explanation:
A change in price of shampoo would lead only to a movement along the demand curve for shampoos. The movement could either be up or down. If price increases, the movement is up and if prices decreases, the movement is down.
Changes in price affect the quantity demanded. If price is increased, quantity demand falls and if price falls, quantity demanded rises.
Other factors lead to a shift of the demand curve. Some of them include:
1. Change in consumers income
2. Change in taste
3. Change in price of subsituites.
I hope my answer helps you
Answer:
Current Market value of the stock at 8.5% return: 105.88
Explanation:
We will calculate the present value of the dividends:
![\left[\begin{array}{ccc}Year&Cash \: Flow&PV\\1&1.722&1.59\\2&2.12&1.8\\3&2.61&2.04\\4&3.21&2.32\\5&3.40&98.13\\&&105.88\\\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7DYear%26Cash%20%5C%3A%20Flow%26PV%5C%5C%3C%2Fp%3E%3Cp%3E1%261.722%261.59%5C%5C%3C%2Fp%3E%3Cp%3E2%262.12%261.8%5C%5C%3C%2Fp%3E%3Cp%3E3%262.61%262.04%5C%5C%3C%2Fp%3E%3Cp%3E4%263.21%262.32%5C%5C%3C%2Fp%3E%3Cp%3E5%263.40%2698.13%5C%5C%3C%2Fp%3E%3Cp%3E%26%26105.88%5C%5C%3C%2Fp%3E%3Cp%3E%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We will do the following:
each dividends we multiply by the previous, by the grow rate of 23%
D1 1.40 x ( 1 + 23%) = D2 = 1.722
D2 1.722 x ( 1 + 23%) = D3 = 2.12
...
Then after the four years we calculate the gordon model for the infinite series of dividends

3.95/(0.085-0.06) = 158
Then calculate the present of each dividends applying the present value of a lump sum


PV div1 = 1.59

PV div2 = 1.8

PV div3 = 2.04
...
Then we add them and get the present value of the stock
Answer:
D) $26,688
Explanation:
The computation of the present value is shown below:
= Annual payment × PVIFA for 7 years at 6%
= $4,781 × 5.5824
= $26,688
Refer to the PVIFA table
Simply we multiply the annual payment with the PVIFA so that the accurate amount can come.
The present value is come after considering the discount rate for the given number of periods
Answer:
<u>a. True.</u>
Explanation:
The F-1 immigration status visa allows a foreigner like Hans to pursue academic studies in the United States.
It is important to note that an F-1 status holders can work legally and earn income on-campus, through scholarships etc, and are therefore <em>mandated </em>to file tax returns reporting all such income and pay taxes on it.
Since Hans arrived in the United States for the first time, he can file as nonresidents for tax purposes.