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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.

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On May 1, Soriano Co. reported the following account balances along with their estimated fair values:
s2008m [1.1K]

Answer:

Receivables (Dr.) $143,600

Inventory (Dr.) $76,400

Copyrights (Dr.) $577,000

Patented Technology (Dr.) $913,000

Goodwill (Dr.) $32,800

Current Liability (Cr.) $197,000

Long term liability (Cr.) $658,300

Cash (Cr.) $845,000

Contingent Consideration (Cr.) $42,500

Professional Fee Expense (Dr.) $141,000

Cash (Cr.) $141,000

Paid of Investment banking firm

Explanation:

Total of Assets 1,710,000

Total of Liabilities 855,300

Net Assets 854,700

Total Fair value of identifiable Assets 854,700

Fair value of contingent Liability 42,500

Consideration Paid as Cash 845,000

Good will $32,800

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3 years ago
"___________________ are key to completing a full risk management plan, since the tolerances will determine which hazards may be
Margaret [11]

Answer:

Stakeholder's Tolerance Level.

Explanation:

Stakeholders' tolerance levels are key to completing a full risk management plan. This is because the tolerances are critical to determining which hazards need to be accepted and the ones to be limited. Basically, a stakeholder risk tolerance seeks to determine, assess and gauge the general level of risk an entity is willing to undertake and/or accept.

When an organization intends to do a project, for instance, varying reports including feasibility reports need to be come up with to assess the realization objective of the project. While coming up with this, an organization must assess its tolerance levels as to factors that may hinder the realization of the underlying goal.

There are often two categories of tolerance level. A high tolerance, and a low tolerance. A high tolerance in this instance would be more opened to factors that might put the project into high risk tendency. Whereas, the opposite is the low tolerance, as this is not opened to high risk tendency. However, to arrive at this, an organization will need to come up with a comprehensive management plan, detailing the risk levels, appetite and how aversive they could be in undergoing a given concern. Tolerance levels should be evaluated at critical decision making juncture. From the input, quality, performance, in process, and other essential line items. Tolerance level is set across all functions. This will thus form a general guide an organization intends to pursue.

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3 years ago
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3 years ago
In preparing a statement of cash flows using the indirect​method, the Depreciation Expense​ ________
motikmotik

Answer:B -

Explanation:Depreciation is added back as an adjustment to the net income in the operating activities section.

8 0
3 years ago
Read 2 more answers
Assume you borrowed $100,000 at a fixed rate of 7 percent for 30 years to purchase a house. If the inflation rate is 3 percent,
nikitadnepr [17]

Answer:

(A) less

Explanation:

Given a positive inflation rate, the real value of the dollar will depreciate by the rate of inflation annually.

Thus, for a house that cost $100,000 today, given a 3% inflation rate, it would cost (100,000 * 1.03 = ) $103,000 after a year.

This means, $100,000 today will have the same value as $103,000 one year later.

Therefore, repayments, which will likely be a fixed sum every year, will have a lower purchasing power as the year progresses.

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