Usings to - Do List effectively is likely to help students with which of the following?

For a college student who needs to buy an $80 textbook, the money she received from her parents for the purchase of school suppl

Ainat [17]

The money she received from her parents for the purchase of school supplies would be used as a medium of exchange.

<h3>What is money?</h3>

Money is anything that is generally chosen and accepted by a community, as a medium of exchange and standard of value.

Characteristics of money are:

Medium of exchange
Store of value
Measure of value

Hence, the money she received from her parents for the purchase of school supplies would be used as a medium of exchange.

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3 0

2 years ago

Brian lives in Chicago and runs a business that sells pianos. In an average year, he receives $793,000 from selling pianos. Of t

umka21 [38]

Answer:

Brian

1. Implicit and Explicit Costs:

Implicit costs:

The rental income Brian could receive if he chose to rent out his showroom

The salary Brian could earn if he worked as a financial advisor

Explicit costs:

The wages and utility bills that Brian pays

The wholesale cost for the pianos that Brian pays the manufacturer

2. Brian's accounting and economic profit of his piano business:

Accounting profit = $62,000

Economic profit (loss) = ($3,000)

Explanation:

a) Data and Calculations:

Accounting Profit Economic Profit

Sales Revenue $793,000 $793,000

Cost of pianos 430,000 430,000

Wages and utility bills 301,000 301,000

Implicit (Opportunity) Costs:

Rent 15,000

Salary as an accountant 50,000

Total costs 731,000 796,000

Profit (loss) $62,000 ($3,000)

b) Implicit costs are opportunity costs. They include the costs that arise from forgone benefits when another opportunity is taken instead of the other. Explicit costs are costs that are actually incurred by taking an opportunity.

8 0

3 years ago

Many homes are decorated in spring colors because these colors are deemed to be uplifting; however, most department stores do no

rusak2 [61]

Answer:

The answer is: B) Time utility

Explanation:

Time utility refers to the business practice of making products or services available during the times that they are most convenient or desirable for customers.

For example, stores are decorated differently for Halloween than for Christmas, and the products they sell are also different.

8 0

3 years ago

A consumer equilibrium is a situation in which a consumer has allocated _____ of her income in a way that _____. A. all; maxi

ludmilkaskok [199]

Answer:

The correct answer is (D) all, maximizes her total utility.

Explanation:

Consumer's equilibrium is a defined as a situation in which an individual uses his or her money to buy goods in a manner in which the person obtains the highest satisfaction and has no need for a change in the level of consumption on account of the price of the product.

Consumer equilibrum enables an individual to obtain complete satisfaction from his or her money. Consumer equilibrum is found by comparing the ratio of the marginal utility to the price of a commodity.

3 0

3 years ago

Read 2 more answers

Knowledge Check 01 Zeta Corporation issues $100,000 of 8% bonds maturing in 10 years on January 1, Year 1, when the market rate

alexandr1967 [171]

Answer:

$106,595

Explanation:

Given:

Initial market rate = 9%

Dropped market interest rate, r = 7% per year

or

= 7% × [6 ÷ 12]

= 3.5% = 0.035

Remaining time, n = 9 years = 18 semi annual periods

Now,

Value of the bond at the retirement

= [ PVAF × Interest payment] + [ PVF × face value]

here,

Present value of annuity factor, PVAF = $\frac{1 -(1+r) ^{-n}}{r}$

or

PVAF = $\frac{1 -(1+0.035) ^{-18}}{0.035}$

or

PVAF = 13.189

And,

Interest payment = $100,000 × 8% × [6 ÷ 12 ] [since, 8% bonds]

= $4000

Present value factor = $\frac{1}{1.035^{18}}$

= 0.538

par value = $100,000

= [13.189 × $40] + [0.538 × 100,000]

= 52,758.7316 + 53,836.114

= $106,595

Hence,

The correct answer is option $106,595

8 0

4 years ago