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Anna11 [10]
3 years ago
11

Sean wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacati

on is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Sean buys the computer and writes a check for $1,299. Identify what role money plays in each of the following parts of the story.
Business
1 answer:
DIA [1.3K]3 years ago
5 0

Answer:

Please see explanation.

Explanation:

a) Jake can determine computer price > vacation price:

Unit of Account

(Money being the standardized unit to measure price of 2 goods)

(b) Jake has $1574 in checking account

Store of Value

(Money is "Stored" in his bank account which can be used later for any purpose)

(c) Jake writes check for $1299

Medium of exchange

(Money is used to be exchanged with the computer)

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the cumulative difference between reporting inventory at lifo rather than fifo is commonly referred to as the
UkoKoshka [18]

The cumulative difference between reporting inventory at LIFO rather than FIFO is commonly referred to as the LIFO reserve

<h3>What is LIFO reserve?</h3>

Generally, LIFO reserve is an accounting term that represents the difference between the cost of inventory calculated using the first-in, first-out (FIFO) method and the cost calculated using the last-in, first-out (LIFO) method for the purposes of bookkeeping.

In conclusion, The LIFO reserve is a term that is widely used to refer to the accumulated discrepancy that results from reporting inventory using the LIFO method rather than the FIFO method.

Read more about LIFO reserve

at brainly.com/question/28146683

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8 0
1 year ago
The equilibrium between possible threats and prospective compensation is known as​ ________.
stiv31 [10]
The equilibrium between possible threats and prospective compensation is known as risk/return trade-off.
4 0
2 years ago
Communicating with people you know or meet to share information or advice about a job defines _____.a. contact listb. job leadsc
PolarNik [594]

Answer: (C) Networking

Explanation:

 Networking is the process of communicating by sharing the data or information from source to its destination by using various types of computer networks such as protocols, different type of software and the wireless technology.

According to the given question, the communicating with the people and share the information regarding the hob is defined as the networking.

 The main objective of the networking is that it helps in exchange the information or data and give advice about the career and jobs.

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3 0
3 years ago
Uusiess will have to spend a lot of money to
lukranit [14]

Answer:

A

Explanation:

5 0
3 years ago
Pharsalus Inc. just paid a dividend (i.e., D0) of $ 2.69 per share. This dividend is expected to grow at a rate of 3.8 percent p
maks197457 [2]

Answer:

P0 = $26.5925 rounded off to $26.59

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

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Where,  

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D0 * (1+g) is dividend expected for the next period /year

g is the growth rate

r is the required rate of return or cost of equity

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P0 = $26.5925 rounded off to $26.59

3 0
3 years ago
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