The answer is the Status symbol.
A status symbol is typically an object meant to symbolize the high social and financial position of its owner.
Status symbols frequently vary as a culture and its ideals evolve.
Different status symbols may also be dictated by one's line of work, and some uniform designs may be interpreted as status symbols.
Status symbols in capitalist society are frequently connected to material prosperity. Status symbols might alter depending on where they are used.
For instance, a physical scar may signify honor or bravery in cultures where warriors are revered, becoming a status symbol.
Hence, in the given scenario where the size and cut of a diamond allow people looking at a ring to roughly estimate its cost and make a judgment about the wearer's economic status. A diamond is a status symbol.
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Answer:
subdivision
Explanation:
A real property subdivision takes place when a real property (parcel of land, house, etc.) is divided into smaller areas. The whole idea behind a subdivision is that it should be easier to sell the property in smaller parts.
When a subdivision is carried out on a condominium, the physical space is not divided, rather the property time is divided into time share units. In this case, a person can purchase the right to use that condominium during 3 weeks each year.
Answer:
Option A, buys dollars to raise the exchange rate, is the right answer.
Explanation:
Option A is correct because when the Fed will buy the dollars then only the demand for dollars will shift rightwards. Consequently, the dollar price or exchange rate will go up. Therefore, the Fed will buy the dollars to increase the exchange rate. In another case, if the Fed wants to decrease the exchange rate then it will sell the dollars, and selling of dollars will shift the supply rightwards. Thus, the exchange rate will fall.
Answer:
C) $5,000
Explanation:
Since the price of the stocks first rose to $50, the account's equity was $50,000.
The SMA balance was = ($50,000 x 1/2) - $20,000 = $,5000
The SMA balance acts like a stabilizer and cannot be taken away even if the price of the stocks fall slightly. The price of stocks must fall 25% in order for the SMA to be withdrawn.
The investor's equity decreased = equity - margin requirement = $39,000 - $20,000 = $19,000, but the amount that the investor can borrow (SMA balance) will remain the same at $5,000.
Answer:
$924
Explanation:
The computation of the profit/loss is shown below:
= Sale - variable cost - fixed daily cost
where,
Sale = Selling price per room × Number of rooms sold
= $55 × 41 rooms
= $2,255
And, the variable cost would be
= Variable cost per room × Number of rooms sold
= $11 × 41 rooms
= $451
And, the fixed daily cost is $880
Now put these values to the above formula
So, the value would be equal to
= $2,255 - $451 - $880
= $924
