1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Romashka-Z-Leto [24]
3 years ago
6

The roles of money Larry just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down p

ayment. He's deciding between a Super and a Duper. The Super is priced at $23,599, and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes the dealership a check for $4,000 and takes out a loan for the remainder of the purchase price. 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 Larry writes a check for $4,000. Larry can easily determine that the price of the Super is more than the price of the Duper. Larry has saved $4,000 in his checking account.
Business
1 answer:
Schach [20]3 years ago
6 0

Answer and Explanation:=

Medium of exchange -  It is used to enable the sale and purchase between the parties. It represents the standard of value that is necessary to accept all the parties.

Larry writes a check for $4,000. It is a medium of exchange because it shows trade of goods between Larry and the car seller.

Unit of account - It gives permission to do the differentiation between two things.

Larry can easily differentiate the price of the super is more than the price of duper. It is unit of account because he knows the value of the super and duper.

Store of value - It is the value that can be saved and exchanged for a long time period.

Larry has saved checking amount is $4000. It  is store of value because it is saved amount.  

You might be interested in
Over a five-year span, the ABC Co. reduced the amount of labor it hired. At the same time, the marginal productivity of labor in
tankabanditka [31]

Answer: D. All of the above

Explanation: The three options listed could explain why the productivity of labor increased with a reduction in the quantity of labor hired. The law of diminishing returns states that as more and more inputs of production are added, a time comes in when additional inputs causes no corresponding increase in productivity. At points like this a reduction in the input added would restore productivity.

Reducing the amount of labor obviously is a labour saving technical change. Changes in organizational innovation can also result in changes in productivity.

5 0
3 years ago
The company budgeted for production of 2,800 units in April, but actual production was 2,900 units. The company used 21,200 lite
mario62 [17]

Answer:

the material quantity variance is $1,350 unfavorable

Explanation:

The computation of the material quantity variance is given below:

Materials quantity variance is

= (Actual quantity × Standard price) - (Standard quantity × Standard price)

= (21,200 × $1.50) - [(2,900 × 7) × 1.5]

= $31,800 - $30,450

= $1,350 Unfavourable

Hence, the material quantity variance is $1,350 unfavorable

7 0
3 years ago
Suppose for some year the income of a small company is ​$100 comma 000100,000​; the expenses are ​$75 comma 00075,000​; the depr
boyakko [2]

Answer:

$23,950

Explanation:

Income  ​$100,000​  

Expenses ​$75,000​

Depreciation $22,000​

income tax rate = 35​%

Income  ​$100,000​  

Expenses (​$75,000​)

Depreciation ($22,000​)

EBT          $3,000

Income Tax $3,000 * (35/100) = $1,050

Net Income $1,950

ATCF  

=Earnings Before Tax + Depreciation

=$1,950 + $22,000  = $23,950

8 0
3 years ago
If brainly say you will never run out of answers
asambeis [7]

Answer:

you have to ask a question if you don't see what you need

Explanation:

4 0
3 years ago
Trevor, an HR Manager at Maple Inc., wants to use the balanced scorecard to assess whether the organization is managing its bott
Nadya [2.5K]
<h2>Q1. The company's conformance with standards</h2><h2>Q2.  It is illegal for an employer to continue to hire new employees while laying off other employees.</h2>

Explanation:

Question 1:

Ability to meet designed specification is called conformance. So since the HR manager wants to check if the organization is managing its bottom line, it is better to measure whether the contributions meet the expectations.

Question 2:

When the turnover is not up to the mark, then it is not recommended to hire a new one and send off the existing employee. We can increase turn over only with the existing set and on need the company can hire new people.

4 0
3 years ago
Other questions:
  • A property is purchased for $110,000. The lender provides a loan for $85,000. He offers a very attractive interest rate of 3% wi
    7·1 answer
  • (tco 5) _____ is defined as a pathway for the flow of authority from one management level to the next.
    9·1 answer
  • IBM manager Celia Moore coordinates IBM's long-standing "Reinventing Education" program that involves intensive research into ho
    7·1 answer
  • Justin Company had the following data for the current fiscal period: Units in process at the beginning of the month 6,000 Units
    5·1 answer
  • Suppose there are five goods in the economy, A-E. The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E. Current-year
    11·1 answer
  • A paper company is opening a new branch. In addition to providing the new branch manager and employees with handbooks detailing
    11·1 answer
  • Classify each of costs as one of the six business functions in the value chain.
    11·1 answer
  • What makes a politicized internal environment so unhealthy?A. The fact that political infighting consumes a great deal of organi
    14·1 answer
  • Your local bakery gives you information on consumer purchasing habits for muffins and cupcakes. It tells you that, when the pric
    9·1 answer
  • When one uses the after-tax weighted average cost of capital (WACC) to value a levered firm, the interest tax shield is A) not a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!