1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tensa zangetsu [6.8K]
3 years ago
7

Alex just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down payment. He's decidin

g between a Super and a Duper. The Super is priced at $23,599, and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes the dealership a check for $4,000 and takes out a loan for the remainder of the purchase price. Identify what role money plays in each of the following parts of the story. Hint: Select each role only once. Role of Money Medium of Exchange Unit of Account Store of Value Alex writes a check for $4,000. Alex can easily determine that the price of the Super is more than the price of the Duper. Alex has saved $4,000 in his checking account.

Business
1 answer:
kvv77 [185]3 years ago
4 0

Answer:

1.  Medium of exchange, 2. Unit of Account and 3. Store of value

Explanation:

Please see attachment

You might be interested in
The grocery industry has an annual inventory turnover of about 13 times. Organic​ Grocers, Inc., had a cost of goods sold last y
s344n2d4d5 [400]

Answer:

What was Organic​ Grocers' inventory​ turnover

ORGANIC  

11,58  INVENTORY TURNOVER

Explanation:

The Organic company compared with the industry works with more inventory than the market, which means that the company is less efficient than the Grocery Industry in Inventory management .

ORGANIC  

11,58         INVENTORY TURNOVER

11.680,000  Cost Of Goods

1.008,880  Average Inventory

32            DAYS IN INVENTORY

To calculate the Inventory Turnover ratio it's necessary to calculate the average inventory of the year ($1,008,880) , take the Total Cost of Goods ($11,680,000) and divide it by the Average Inventory, the result it's the Inventory Turnover of the company, in this case 11,58

To find the days in inventory we have to divide 365 (days of the year) by the Inventory Turnover, 11,58 the result is 32 days.

To have a similar Inventory Turnover as the industry the company needs to low the average inventory to $898,524.

ORGANIC  

13,00       INVENTORY TURNOVER

11.680,000  Cost Of Goods

898,524  Average Inventory

28           DAYS IN INVENTORY

8 0
3 years ago
Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be
faust18 [17]

Answer:

Best estimate for inventory =$70,764.85

Explanation:

The closing inventory value at retail

= (Opening inventory + Purchases - sales)  all in retail prices

= $123,000 +  $483,000 - 493,000.

= 113000

Closing inventory value at cost

=113,000 ×  (64,500 + 315,000)/(123,000 +  $483,000)

=70,764.85

Best estimate for inventory =$70,764.85

4 0
3 years ago
What happens when you move a section header
german
Nothing really just the header moves where ever you move it to lol
5 0
3 years ago
Read 2 more answers
Laura is head of ABC Systems. She needs to allocate a fixed amount of funds to various projects. There are two top projects that
TEA [102]

Answer: A. dialectic method

Explanation:

The DIALECTIC METHOD or DIALECTICS at it's basic level is a sort of debate between people of opposing viewpoints who wish to use the debate to come up with the best viewpoint by stating the facts and truths of their viewpoints.

They speak on whatever misgivings they may have about the other and explain in a logical manner why their views are better.

It is 'sort' of like a debate because unlike debates, it isn't supposed to get emotional but be fact and merit based.

3 0
3 years ago
Which element in the article indicates that when the article refers to GDP, it is talking about inflation-adjusted GDP
Serjik [45]

Answer: inflation corrected or constant prices

Explanation:

Real gross domestic product is an inflation adjusted measure that reflects the value of all goods and services produced by a state economy in a year. It is often to as either constant dollar GDP, inflation corrected or constant prices

3 0
3 years ago
Other questions:
  • On January 1, 2019, Charlie Corporation acquires all of the net assets of Rocky Corporation for $2,000,000. The following intang
    12·2 answers
  • The manager of the main laboratory facility at Elmhurst HealthElmhurst Health Center is interested in being able to predict the
    10·1 answer
  • Martin was named "employee of the month" for his outstanding customer service. according to maslow, this award may help satisfy
    8·1 answer
  • Legal obligations that carry punishments, if not followed, are ____?
    12·1 answer
  • On October 10, Joleen Vora applied for a $50,000 life insurance policy with Magnum Life Insurance Co. She named her husband, Jay
    15·1 answer
  • How do most people learn about money?
    7·2 answers
  • Which of the following is NOT considered a convertible instrument and is indicative of a complex capital structure? a. convertib
    13·1 answer
  • Where is the most common workplace for people in the finance cluster?
    11·2 answers
  • Tony, the human resources manager for TopShelf Beverages, is confidentially working with line managers to lay off a significant
    9·1 answer
  • The total return on a stock is equal to the: Group of answer choices dividend divided by the sum of the dividend yield and capit
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!