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ValentinkaMS [17]
3 years ago
7

Which statement shows that money is a "measure of value?" This bill is worth twenty dollars. My mp3 player is worth two hundred

dollars. The dollar I just found in my drawer is still worth a dollar. The more gigabytes it has, the more it is worth.
Business
2 answers:
igor_vitrenko [27]3 years ago
3 0

Answer: Option (B) is correct.

Explanation:

There are four functions of money are as follows:

(i) Medium of exchange

(ii) Store of value

(iii) Measure of value( unit of value)

Measure of value is a function of money which enables us to measure the value of different goods and services that a consumer wants to buy or seller wants to sell in monetary terms.

Therefore, we can easily measure the value of mp3 player in monetary terms i.e. it is worth two hundred dollars.

Savatey [412]3 years ago
3 0

Answer:

The answer is  My mp3 player is worth two hundred dollars

Explanation:

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Answer:

a. Total revenue received:

= 4,500 * 140

= $630,000

Date                 Account Title                                           Debit              Credit

XX-XX-XXXX  Cash                                                     $630,000

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Revenue is unearned because the games have not been played yet therefore Blue Spruce University has not provided the service for which it was paid and has not earned the revenue.

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Date                 Account Title                                           Debit              Credit

XX-XX-XXXX   Unearned Revenue                             $52,500

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8 0
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Your parents are giving you $205 a month for 4 years while you are in college. At an interest rate of .48 percent per month, wha
luda_lava [24]

Answer:

$8,770.00

Explanation:

In this question we use the present value formula i.e shown in the attachment below:

Data provided in the question

Future value = $0

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The formula is shown below:

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So, after solving this, the answer would be $8,770.00

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