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hichkok12 [17]
3 years ago
13

When you stuff dollar bills under your mattress, knowing that they will be there next year to help buy your next major purchase,

money is serving which function:
Store of real assets

Medium of exchange

Store of wealth

Unit of account
Business
1 answer:
olasank [31]3 years ago
3 0

Answer:

Store of wealth

Explanation:

Store of wealth means that money retains it value and purchasing power over time. Thus, it can be stored or kept away and used sometime in the future without money losing its value.

Other functions of money are :

1. Medium of exchange: money can be used to exchange for goods and services in transactions.

2. Unit of account: money can be used to determine the value of goods and services being exchanged.

I hope my answer helps you

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Brews 4 U is a local chain of coffee shops. Managers are interested in the costs of the stores and believe that the costs can be
Elden [556K]

Answer:

Explanation:

a. In a regression equation expressed as y= a + bx, how is the letter b best described?

Here, b is the slope and best described as the estimate of the cost when there's a visit of an additional customer.

b. How is the letter y in the regression equation best described?

The letter y is the observed store cost for that particular month.

c. How is the letter x in the regression equation best described?

The letter x is the observed customer visit for that particular month.

d. Based on the data derived from the regression analysis, what are the estimated costs for 370 customer-visits in a month?

The estimated cost for 370 customer visit will be:

Y = a + bx

where,

a =$1496

b = $2.08

x = 370 customer visit

Y = $1496 + ($2.08 × 370 customer visit)

= $1496 + $769.6

= $2265.6

e. What is the percent of the total variance that can be explained by the regression equation?

The percent of total variance which the regression equation explain will be:

R2 = 0.86814 or 86.814%

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4 years ago
You plan to purchase a 80,000 $ house using a 15 year mortgage obtained from your local bank, the mortgage rate offered to you i
hodyreva [135]

Answer:

cool

Explanation:

4 0
3 years ago
An industry is composed of 10 firms, all with equal sales (e.g. firm 1 sales are 10% of the market, firm 2 sales are 10% of the
Gelneren [198K]

Answer:

0.40

Explanation:

The four firm concentration ratio = 10%+ 10% + 10% + 10% = 40% =0.40

I hope my answer helps you

5 0
3 years ago
Round 23,748.3753 to the nearest hundredths.​
andreyandreev [35.5K]
23,748.3853 i think that’s the answer
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3 years ago
The current dividend yield on CJ's common stock is 1.89 percent. The company just paid a $1.23 annual dividend and announced pla
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Answer:

The required rate of return on this stock is 13.27%

Explanation:

The computation is shown below:

First, we have to determine the dividend growth and then the growth rate. Afterward, the final answer will come

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= $1.37 - $1.23

= $0.14

Now the growth rate would be equal to

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= ($0.14) ÷ ($1.23)

= 11.38%

Now add the dividend yield to the growth rate

So, the required rate of return would be

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