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slamgirl [31]
3 years ago
9

Tim wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacatio

n is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Tim buys the computer and writes a check for $1,299.
Identify what role money plays in each of the following parts of the story.
Business
1 answer:
Luda [366]3 years ago
4 0

Answer:

Tim can easily determine that the price of the computer is more than the price of the vacation = Unit of Account

Tim has $1,537 in his checking account = Store of value

Tim writes a check for $1,299 = Medium of Exchange

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Identify whether each account would appear on the Balance Sheet or the Income Statement.
Greeley [361]

Answer:

The income statement shows the income items and expense items that are earned by a company for an accounting period. The balance sheet shows assets, liabilities, and the ending balances of equity items. The statement of changes in stockholders equity shows the changes of equity accounts, such as retained earnings and common stock, from its beginning balance to its ending balance.  The statement of cash flows shows the inflow and outflow of cash for an accounting period.

Explanation:

4 0
3 years ago
Suppose that the U.S. government decides to charge cola producers a tax. Before the tax, 35,000 cases of cola were sold every we
galben [10]
Mark brainlest please


Answer:

The amount of tax will be $3
Tax Burden on consumer is $2
Tax burden on producer ( in case you want to know) will be $1

Check the image below.

Tax is equal to the difference between the price actually paid by the buyer and the price actually received by the seller. Tax= Price paid by buyer-Price received by seller Tax= $8-$5 Tax = $3 Thus the tax computed is $3 per case.

3 0
3 years ago
Return on investment (ROI) for a firm is _______. a. the firm's total assets multiplied by net profits after taxes b. a measure
Zarrin [17]

Return on investment (ROI) for a firm (B) measures management's overall effectiveness in generating profits with the available assets.

<h3>What is the return on investment?</h3>
  • A ratio between net income and investment is known as return on investment or return on costs.
  • A high ROI indicates that the returns on the investment outweigh the costs.
  • ROI is used as a performance metric to assess an investment's effectiveness or to compare the effectiveness of multiple distinct investments.
<h3>What are profits?</h3>
  • The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit.
  • It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
<h3>What are assets?</h3>
  • Any resource that a company or other economic organization owns or controls is considered an asset in financial accounting.
  • Anything that has the potential to provide positive economic value qualifies.
  • The ownership value that can be turned into cash is represented by assets.

Therefore, return on investment (ROI) for a firm (B) measures management's overall effectiveness in generating profits with the available assets.

Know more about revenue here:

brainly.com/question/25623677

#SPJ4

3 0
2 years ago
Harriet operates a coffee shop. One of her customers wants to buy two kinds of​ beans: Arabian Mocha and Colombian Decaf. If she
melomori [17]

Answer:

it will purchase

96 dollars of Arabian Mocha

and 48 dollars of Colombian Decaf

Explanation:

we build the equation system:

144 = x  + y \\ x = 2y

we replace the second expression on the first and solve for y

144 = (2y) + y

144 = 2y + 1y

144= 3y

144/3 = y

48 = y

now we solve for x

x= 2y

x= 2 times 48 = 96

6 0
4 years ago
Kristina works at a coffee shop. She can produce 200 coffee drinks in four hours. What is her productivity for one hour?
nata0808 [166]

Answer: She can produce 50 drinks in 1 hour, 200/4 = 50

5 0
3 years ago
Read 2 more answers
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