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
FrozenT [24]
3 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]3 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.

You might be interested in
What is the IRR for a project that costs $100,000 and provides annual cash inflows of $30,000 for 6 years starting one year from
ahrayia [7]

Answer:

A) 19.91%

Explanation:

Net present value of cash flow at 19.91% can be calculated as follows

- 100000 + 30000/1.1991 + 30000/ (1.1991)² + 30000/(1.1991)³ + 30000/ (1.1991)⁴ +30000/(1.1991)⁵ + 30000/ (1.1991)⁶

= -100000 + 25018 +20864 +17400 +14511 +12101 +10092

= 0 ( approx )

So  the IRR for the  project is 19.91 % .

8 0
3 years ago
During 2021, a company sells 500 units of inventory for $95 each. The company has the following inventory purchase transactions
Kryger [21]

Answer:

cost of goods sold = $36,285

ending inventory = $1,742

Explanation:

when you use the weighted average cost method you have to calculate the COGS using the total number of units and the total amount paid for them.

beginning inventory = 71 units for $5,325

purchase 1 = 262 units for $18,864

purchase 2 = 187 units for $13,838

total 524 units for $38,027

cost per unit = $38,027 / 524 units = $72.57

cost of goods sold = 500 units x $72.57 = $36,285

ending inventory = 24 units x $72.57 = $1,741.68 ≈ $1,742

6 0
3 years ago
All of Ameliorate Inc.'s sales are on account. 60% of the credit sales are collected in the month of sale, 30% in the month foll
Sidana [21]

Answer:

Total cash collection= $530,000

Explanation:

Giving the following information:

<u>Sales:</u>

February $500,000

March $400,000

April $600,000

60% of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following the sale.

<u>Cash collection April:</u>

Cash collection credit sales from April= (600,000*0.6)= 360,000

Cash collection credit sales from March= (400,000*0.3)= 120,000

Cash collection credit sales from February= (500,000*0.1)= 50,000

Total cash collection= $530,000

6 0
2 years ago
Which of the following promotion mix approaches involves a producer promoting a product to different channel members who in turn
bulgar [2K]

Answer:

Push strategy

Explanation:

A Push strategy is originated from the push and pull concept in the logistics. This strategy refers to the concept of producers pushing their products into different channels and then those channels will further market and advertise their products. This strategy is one of the various channel strategies that is used by producers.

One of the example would be Walmart which uses push strategy over pull.

I hope the answer is helpful. Thanks for asking.

6 0
3 years ago
When Farmer Hoglund applies N pounds of fertilizer per acre, the marginal product of fertilizer is 1 -N/200 bushels of corn. If
eimsori [14]

Answer:

to maximize profit, farmer must use 0.208 pounds of fertilizers

Explanation:

For profit maximization, marginal revenue must be equal to marginal cost.

Here marginal product of fertilizer= 1-N/200

selling price per busher= $4

total marginal revenue= (1-N/200)× 4

Total cost of fertilizer= 1.2N

To maximize profit

Marginal cost= marginal revenue

1.2N= (1-N/200)× 4

4.8N= 1-N/200

N= 0.208 pounds

to maximize profit, farmer must use than 0.208 pounds of fertilizers

6 0
3 years ago
Read 2 more answers
Other questions:
  • In an organization with a(n)__________, the parent company and all the subsidiaries work together in designing policies, procedu
    5·1 answer
  • The accountants at Gamone Phones, a cell phone manufacturing company, discover that the firm has performed poorly over the last
    15·1 answer
  • An organizational role is a set of task-related behaviors required of a person by his or her position in an organization.
    9·1 answer
  • Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to retained earn
    11·1 answer
  • What is a national budget​
    8·1 answer
  • Marigold Corp.'s accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $3200
    7·1 answer
  • The Filling Department of Lilac Skin Care Company had 4,000 ounces in beginning work in process inventory (70% complete). During
    14·1 answer
  • A builder from State A sued a homeowner from State B for breach of contract in federal court, alleging that the homeowner failed
    14·1 answer
  • According to the U.S. Bureau of Labor Statistics, there were 100,200 chefs/head cooks employed in the United States in 2010 and
    7·1 answer
  • The systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organiza
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!