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Mumz [18]
3 years ago
10

Sam 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 $800. He has only $1,574 in his checking account, so he cannot afford to purchase both. After much thought, Sam buys the computer and writes a check for $1,299. Identify what role money plays in each of the following parts of the story. Hint: Select each role only once. Role of Money Medium of Exchange Unit of Account Store of Value Sam can easily determine that the price of the computer is more than the price of the vacation. Sam has $1,574 in his checking account. Sam writes a check for $1,299.
Business
1 answer:
KATRIN_1 [288]3 years ago
5 0

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.

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3 years ago
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2 years ago
Wanda Sotheby purchased 120 shares of Home Depot stock at $148 a share. One year later, she sold the stock for $140 a share. She
Archy [21]

Answer:

Return on investment =  -0.71%

Explanation:

<em>The return on investment is the sum of the dividends earned and capital gains made during the holding period of the investment.  </em>

<em>Dividend is the proportion of the profit made by a company which is paid to shareholders.  </em>

<em>Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal</em>.  

Therefore, we can can compute the return on the investment as follows:  

Total  Return on investment =  

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5 0
3 years ago
Amber, a district manager for a large restaurant chain, is comparing the goals of her restaurants with recent sales. She knows t
oee [108]

Answer:

The statement is true

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So, the statement is true because controlling is monitoring as well.

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Natasha2012 [34]

Answer:

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Looking at the options given in the scenario they all show traits of investors behaving in a way that portrays psychological reaction

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III. As with technical trading rules, behavioralists can always find some pattern in past data that supports a behavioralist trait.

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