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FrozenT [24]
4 years ago
10

In 2010, Tara used $50,000.00 from funds she had invested in certificates of deposit as a down payment to buy a house. What func

tion did this portion of her investments serve when she made the down payment?
A. unit of exchange.
B. medium of exchange.
C. store of value.
D. unit of account.
Business
1 answer:
soldier1979 [14.2K]4 years ago
8 0

Answer:

B. medium of exchange.

Explanation:

Money as a medium of exchange is used to facilitate the selling and purchasing of goods and services between parties. Money is widely accepted as a standard of value by parties engaged in the exchange of commodities. It means that one party readily accepts an amount of money in exchange for a product or service that is believed to be worth the amount on offer.

Tara is exchanging her $50,000 for the house. Although the money is only a down-payment, it gives her the right to claim ownership of the house. Once she has fully paid for the house using money, she can only lay a claim on the house,  not the money.

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If Hawkins Manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the Raw Materials Invento
laila [671]

Answer:

The Raw Materials Inventory would have B : debits equaling $19,000

Explanation:

Raw materials are used in a multitude of products. Raw Materials Inventory is the total costs of all components currently in stock that have not yet been used in finished goods production or work-in-process.

Hawkins Manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the Raw Materials Inventory includes metal and cloth and increases: $13,000 + $6,000 = $19,000

The Raw Materials Inventory would have debits equaling $19,000

6 0
3 years ago
Who is responsible for applying skills, knowledge, and project management tools and techniques to project activities to successf
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Answer:

The correct answer is: Project manager.

Explanation:

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3 0
4 years ago
Which luxury brand shares its name with the french explorer who is credited with naming canada?
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Answer:

The luxury brand that shares its name with the french explorer who is credited with naming canada is Cartier.

Explanation:

Cartier is a brand that produces and sells watches and jewelry and it shares its name with the french explorer, Jacques Cartier, who used the word Canada to define an entire area that with time was applied to a larger one and today corresponds to the whole country of Canada.

7 0
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Without _______, no company can survive over the long run.
muminat
The answer is "Without the innovation, no company can survive over the long run". Trends and consumer's demand of product always change through the changes in eras and times. A company must face and equalize this changes by providing an innovation in its product. Therefore, with this condition only, a company could survive over the long run.
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3 years ago
What is one major disadvantage of a capital formation strategy that focuses
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It appears as though D is the correct answer

(Though (as a sub note) diversification of portfolios is a common method to reduce risk)
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3 years ago
Read 2 more answers
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