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
Margarita [4]
3 years ago
5

When economists say that money serves as a store of value, they mean that it is :_______

Business
1 answer:
timofeeve [1]3 years ago
6 0

Answer:

a) a monetary unit for measuring and comparing the relative values of goods.

Explanation:

In the case when the economist said that money could be treated as the store of value so this means that it represent one of the functions of money which can be stored and retrieve later onwards

Also it is a monetary unit that could be used for measuring and also compared the goods value

Therefore the option a is correct

You might be interested in
On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the terms 2/10, n/30. What is the amount
vampirchik [111]

Answer:

a) $1,000

Explanation:

Early Settlement Discount

This form of quotation is common with suppliers offering their customers deferred payment arrangement in a sale contract. Usually, under this arrangement customers are allowed to purchase goods on credit and settle their acccount at a specified  later date.

However, to encourage customers to pay up their outstanding earlier than expected, suppliers do offer early settlement discount as incentives to induce prompt payment.

A quotation of 2/10, n/30

This implies that the customer is a given a 30-day period from the date of purchase within which he is expected to settle his account. However, if he does so within the next 10 days of purchase he will be given a 2% discount.

<em>Applying this to the question, the purchase date is August 1, the the latest date for which account is settle to qualify for early settlement discount will be 11 days i.e (1+10) .</em>

Since the payment will be made on August 12, no cash discount will received. Therefore, a payment of gross amount of $1,000 would be credited to the cash account.

7 0
3 years ago
Whispering Winds Corp. purchased a delivery van with a $52000 list price. The company was given a $4200 cash discount by the dea
Alex777 [14]

Answer:

$50,500

Explanation:

Calculation for by how much will Whispering Winds Corp. increase its van account

Using this formula

Increase in Van account =List price- Cash discount + Sales tax paid

Let plug in the formula

Increase in Van account=$52,000-$4,200+2,700

Increase in Van account=$50,500

Therefore by how much will Whispering Winds Corp. increase its van account will be $50,500

4 0
3 years ago
The account titles for transaction (C) 5/4 should appear in the Account Title column of the journal entry as
maxonik [38]
The account titles for transaction (C) 5/4 should appear in the Account Title column of the journal entry as s<span>upplies Cash

Hope this helps!!</span>
7 0
3 years ago
Suppose that the demand and price for a wrist watch are related by the following equation:
Natasha2012 [34]

Answer:

a. $28

b. $19

c. 800 watches

Explanation:

The equation is

p = D(q) = 28 - 2.25

The equation of the demand would be

P = 28 - 2.25q

a. The price would be

= $28 - 2.25 × 0

= $28 - 0

= $28

b. The price would be

= $28 - 2.25 × 4

= $28 - 9

= $19

The quantity demanded is come in hundreds so we take only 4

c. The quantity woul dbe

$10 = $28 - 2.25q

$10 - $28 = -$2.25q

-$18 = -$2.25q

So q would be

= 800 watches

4 0
3 years ago
A supplier charges 15% interest on past-due amounts. Interest on a $512 account is $10.52. For how many days must the count have
labwork [276]

Answer:

For how many days must the count have been overdue assuming the supplier uses a 365-day year? 50 days

Explanation:

ACCOUNT         512  

% Interest           15%  

Annual interest 76,8  

   

 76,8         365

 10,52 x

   

X=50 days  

4 0
3 years ago
Other questions:
  • Delinquency occurs at how many days past due on your loan repayment?
    13·1 answer
  • Susan, 56 years of age, and her daughter beverly, 28 years of age, are both secretaries. they both apply for the same job, and a
    13·1 answer
  • The cases filed at The Cross Company related to gender discrimination include one in which a 33-year-old sales representative wa
    15·1 answer
  • The _______ or shop owner initiates the repair order.        A. service manager   B. customer   C. foreman   D. service consulta
    7·2 answers
  • A firm’s current profits are $ 400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent.
    5·1 answer
  • On January 1, 2003, Lane, Inc. acquires equipment for $100,000 with an estimated ten‐year useful life. Lane estimates a $10,000
    6·1 answer
  • Jake takes out a payday loan of $300. In two weeks, he doesn't have the money to repay it in full. What is one way that Jake can
    7·1 answer
  • Steve manages product design and development at a toy company. The junior managers who report to him tell him that new complemen
    11·1 answer
  • A. Macarty Company's records indicate the following information for the year: Merchandise inventory, 1/1 $ 550,000 Purchases 2,2
    12·1 answer
  • Which of the following statements about negotiation is true? 1) Once you have gotten what you want, try pushing to see what else
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!