Answer:
B
Explanation:
Money as a medium of exchange means money can be used a means of payment. That is, money is used is sorting everyday transactions. Recall that there are three motives of holding money;
1. Transactionary
2. Precautionary
3. Speculative
Transactionary motive means you can use money to sort your everyday transactions.
Precautionary motive - You can save money for rainy days. (i.e. accident, sickness etc)
Speculative motive means you can use money to invest - make investment decisions with money (buy treasury bills, money market fund instruments, currency, etc)
All of the above motives can not be achieved if money does not serve as a means of payment.
Money as a medium of exchange means the legal tender (money) has a government backing.
Answer:
$117.500
Explanation:
$40.000 cover
- $32.500 downton payment
- $7.500 - closing costs (5%*$150.000)
Closing costs is not a part of house price.
Remain costs = $150.000 - $32.500 = $117.500
4. Framing is what the answer is
Answer:
D (direct materials, direct labor and manufacturing overhead)
Explanation: The Manufacturing cost of a item is the cost incurred during the production of that item. It is the summation of all the resources used in the process of making a product. Manufacturing cost includes direct materials cost, direct labor cost and manufacturing overhead. The cost of these thimgs put together makes up the manufacturing cost.