C) <span>fraud in the inducement.</span> is your answer. Hope this helps!
Answer:
Money is served three purposes- unit of account, store of value and medium of exchange
Explanation:
In this question, we are to identify the role money plays in each of the following parts of the story.
Money is used to measure the valueof good in money unit, so the values can be compared easily.
In the first case, Van is comparing between value of goods. the money serves as unit of account.
Money is used as medium of echange to avoid the difficulty arising out of goods to goods exchange.
In the second case, Van is exchanging $140 for the DVD, money is serving as medium of exchange.
Money also has store of value, it can be saved and exchanged for goods over time.
In third case, Van is saving money for future exchange, money is serving its store of value function.
Answer and Explanation:
The tax consequences for the following events -
a. The organization should record the amount of $10,000 in the year 2018 as they followed the cash basis and the cheque should be equal to the cash also troy could not able to record the bonus till it is actually collected
b. As per the accrual basis, the income should be recorded when they are earned not when they are received so the corporation should record the income in the year 2018 as the agent performed the service
c. Since the restrictions that are imposed on cheque for payment purpose should be treated as the substantial and the cheque should not be equivalent to the cash because the customer told that check should be held till Jan 2019 so the income should not be recorded in 2018
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Investment= $600 today and $600 at the end of year 5
Interest rate= 3%
To calculate the final value, we need to apply the following formula on each investment:
FV= PV*(1+i)^n
FV= 600*(1.03^6)= $716.43
FV= 600*(1.03^1)= $618
Total FV= $1,334.43
Answer:
labor force that is unemployed.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.
The unemployment rate is divided into various types, these include;
1. Cyclical unemployment rate (CU).
2. Frictional unemployment rate (FU),
3. Structural unemployment rate (SU).
4. Actual unemployment rate (AU).
5. Natural Rate of Unemployment (NU).
Hence, the unemployment rate is the percentage of the labor force that is unemployed.
