Answer:
The answer is yes, it will function as a medium of exchange.
Explanation:
Money has three functions, store of value, unit of account and medium of exchange. Money that can be used as a medium of exchange is money that is accepted as such by both buyers and sellers, and that is comfortable, or convenient enough, to be carried and exchanged
In this example, the nation of Newbie will issue a currency that can be easily transported. While heavy stock cardboard is a little bit heavier than the paper in which most modern-day currencies are printed, the weight is still light, and does not impede easy transportation and exchange of the currency bills.
Besides, the new Newbie Nugget will be what is know was the legal tender of the nation. The legal tender is the currency that a specific country accepts to collect taxes. This gives more legitimacy to Newbie Nugget and makes it a classical example of a medium of exchange.
Answer:
d. 3.5 years
Explanation:
We know that payback period is the estimated length of time it takes cash inflow from a project to recover back the cash outflow.
It is to be noted that the payback period makes use of cash flow and not profit, hence denoted by;
Payback period = Initial cost / Annual net cash inflow
Given that;
Initial cost = $420,000
Annual net cash inflow = $120,000
Therefore,
Payback period = $420,000 / $120,000
Payback period = 3.5 years
Answer:
PV= $11,889.05
Explanation:
Giving the following information:
Future Value (FV)= $13,000
Number fo periods (n)= 3*2= 6 semesters
Interest rate (i)= 0.03/2= 0.015
<u>To calculate the initial deposit, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 13,000 / (1.015^6)
PV= $11,889.05
Answer:
c.a decrease in quantity demanded of poultry and an increase in the demand for fish.
Explanation:
The law of demand states that the higher the price , the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Following from the law of demand, if the price of poultry increases, the quantity of poultry demanded would fall.
Because fish and poultry are subsituites goods, if the price of poultry increases, the demand for fish would increase.
I hope my answer helps you.
<span>Actually motorist best approach here is to trying to figure out the correct removing rotation of lug nuts, then rotate in that direction it smoothly as possible by applying some oil or grease,which will surely do the need of the motorist to change the flat tire safely, instead of pushing or pulling it hard, which not solve the problem at all even after lot of time and energy,</span>
