Answer: Unit of account; Store of value; Medium of exchange.
Explanation:
Sam can easily know that the price of the computer system is more than the price of the vacation. This is a Unit of Account.
Unit of account is measuring of the value of a product against another in terms of a specific currency.
Sam has $1,537 in his checking account. This is a Store of value.
Store of value means an asset or money can be saved and retrieved at a later time, for future use.
Sam writes a check for $1,299 is a medium of exchange.
Medium of exchange is used to facilitate trade between parties. He exchanged money for the computer.
In the capital asset pricing model, an increase in inflationary expectations will be reflected by a parallel shift upward in the security market line.
The Capital Asset Pricing Model (CAPM), which additionally modifies the risk premium, explains the link between a security's projected return and beta model.
The link between systematic risk and anticipated return for assets, particularly stocks, is described by the Capital Asset Pricing Model (CAPM). The CAPM is a tool that is frequently used in finance to price hazardous securities and calculate projected returns for assets based on their risk and cost of capital.
To learn more about Capital Asset Pricing Model refer
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F M L A which is the Family & Medical Leave Act provides certain employees with up to 12 weeks of unpaid leave for things like birth or adoption of a child, caring for a sick relative, or undergoing cancer treatment.
Answer:
D. Revenues will be debited, expenses will be credited, and retained earnings will be credited.
Explanation:
It is provided that, revenues are much more than expenses, therefore the net difference of revenues and expenses will be transferred to retained earnings.
Retained earnings balance will increase as the net income is more.
Therefore, retained earnings will be credited.
further to reverse and close the entire revenues and expenses account it will be reversed, that is
Revenues will be debited and expenses will be credited.
Therefore, correct answer is
D. Revenues will be debited, expenses will be credited, and retained earnings will be credited.
