Answer: Medium of exchange.
Explanation:
The $50 is given in exchange for an iPod, therefore in the question's illustration money serves as a medium of exchange. Money as a medium of exchange means that money is needed when conducting business transactions that involves buying and selling.
Answer:
Intrinsic Value = $33.23
Explanation:
<em>The intrinsic value of a stock using the dividend valuation model is the present value of the the future dividend expected from the stock discounted at the required rate of return. </em>
This model is represented as follows
D(1+g)/(r-g) = P
Price, D- dividend payable in now, ke- required rate of return, g- growth rate
D- 3.12 , g-6.50% r-6.25%
Intrinsic value = (3.12× 1.065)/(0.1625-0.065)= $33.228
Intrinsic Value = $33.23
Answer: Option E
Explanation: Liberalism is a political philosophy which mainly focuses on giving equality and same opportunities to all. In such a policy the government of the country takes active participation in all the sectors to ensure that no discrimination with anyone is taking place.
This philosophy is based on strict monitoring and taking corrective actions in case of any discrepancy.
Hence from the above we can conclude that the correct answer is E.
Answer:
The $125 income from the new job - relevant (A)
The $40 income from the library - irrelevant (B)
The $50 nonrefundable registration fee Isabella paid for the basket-weaving class - irrelevant (C)
The $15 cost for gas - relevant (D)
The $75 per month that Isabella spends for clothing and The time Isabella spends volunteering at the animal sanctuary. - Irrelevant (E)
Explanation:
(A) the income from the new job is relevant. It is the wages she will receive per week
(B) the library is irrelevant as it would not have to leave this job
(C) that is a sunk cost. Is irrelevant for the decision making
(D) the gas is a variable cost related to the job offer. It is relevant
(E) the consumer preferences are not relevant for their decision on the job offer. Also their volunteering is irrelevant. Is not related to the job
Answer:
Banks are for profits; Credit unions are non-profit organizations.
Explanation:
The main difference between credit unions and banks is that while credit unions are non-profit making institutions, banks are for profits.
Credit unions, in general, have better customer service than banks. They charge lower transaction fees but have higher interest rates.
Banks have higher transaction fees but lower interest rates compared to credit unions. Due to their profit motives, banks will offer more convenience. They have more branches to cover different locations. They offer a wider range of products and services and operate on advanced technology.