You go to Starbucks and see the price of a tall latte quoted as $3.00. You buy the latte and pay with $3.00 cash. In the first instance money serves as ___________ while in the second instance money serves as ___________.a unit of account; a medium of exchange
Answer:
It will have to save 51,224.05 to reach their financial goal of 825,000 in thre years at the given market rate
Explanation:
We have to solve for the annuity-due future value installment
FV $825,000.0000
time 12 (4 quartes x 3 years )
rate 0.0445
C $ 51,224.043
Answer: As far as business is concerned, the most popular ownership structure in the U.S. is SOLE PROPRIETORSHIP.
Explanation:
Sole proprietorship is the form of business that is owned by a single person, it is easy to form and the business owner exercises total control over their business.
The business owner is solely liable for losses made in the business, and also enjoys all the profits of the business alone.
Usually this kind of business will mostly end with the death of the business owner.
The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.
<h3>What is the cost?</h3>
A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.
Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.
Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.
As a result, opportunity cost describes a decision we must make in order to make another one.
You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.
Check out the link below to learn more about costs;
brainly.com/question/28343978
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