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Stels [109]
3 years ago
7

The roles of money Sam just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down pay

ment. He's deciding between a Super and a Duper. The Super is priced at $23,599, and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes the dealership a check for $4,000 and takes out a loan for the remainder of the purchase price. Identify what role money plays in each of the following parts of the story.
Business
1 answer:
Mashutka [201]3 years ago
4 0

Answer:

Explanation: Money is a medium of exchange for goods and services. Money plays a large role in the economy and in the life of an individual.

The role of money include:

1. Medium of Exchange: Money is used to facilitate the sale, purchase, or trade of goods between parties. It is used as a medium of exchange for goods and services that is why Sam had to save some money so that he will have access to the car he wants.

2. Unit of Account: The value of something is measured in a specific currency. From the question, the value of each car was stated using a value of money. This will enable the buyer or seller known the value if what is to be bought or sold.

3. Store of Value: A store of value is something that people use to transfer purchasing power from the present to the future. Here, Same had saved some money which did not change in value as at when he wanted to buy the car and he also had to obtain a loan that would be paid off on a later date.

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Suppose you work in Management and are collaborating with Human Resources to create a regression equation to predict turnover (p
solong [7]

We can actually deduce here that when building the Complete 2nd Order Model, one can do all except: C. Create an interaction between age and each of the levels of job satisfaction.

<h3>What is Complete Second Order Model?</h3>

The complete second degree (order) model is actually known to be a polynomial model that includes the linear terms, second degree terms and the interaction term.

The options that complete the question are:

A. Create a curvilinear term for job satisfaction

B. Create an interaction between unemployment rate and age

C. Create an interaction between age and each of the levels of job satisfaction

D. Create a curvilinear term for age.

Thus, options C is the one that wouldn't be carried out in the Complete Second Order Model.

Learn more about Human Resources on brainly.com/question/25443563

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7 0
2 years ago
When an existing contract is replaced with an entirely new contract , it is called
Masja [62]

Answer:

novation

Explanation:

3 0
2 years ago
The Digby Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expec
Igoryamba

Answer:

$4,908,000

Explanation:

The computation of accumulated depreciation expense for this purchase is shown below:-

Depreciation expense = ((Cost of machine - Salvage) ÷ Estimated useful life of machine)

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= $36,810,000 ÷ 15 × 2

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Therefore for computing the depreciation expense we simply applied the above formula.

6 0
3 years ago
Primary market explain how the treasury uses the primary market to obtain adequate funding
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<span>Each week, the Treasury holds an auction to issue T-Bills. When the auction opens, investors are able to place bids on the bills. The Treasury is then able to select the highest bids in order to obtain adequate funding.</span>
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Purchases Journal The following purchase transactions occurred during March for Rehoboth, Inc.:
gtnhenbr [62]

Answer:

See the explanation section.

Explanation:

Mar. 4    Cleaning supplies debit = $77

Accounts payable - Health-Rite Supplies credit = $77

<em>To record the purchase of supplies.</em>

Mar. 19   Office equipment Debit = $3,750

Accounts payable - office Warehouse Credit = $3,750

<em>To record the purchase of office equipment on account.</em>

Mar. 23   Cleaning supplies Debit = $224

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<em>To record the purchase of supplies.</em>

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