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ra1l [238]
3 years ago
15

Joan has the following assets and liabilities: Credit card balance $1,000 Cash $200 Government bonds $3,000 Checking $300 Car lo

an balance $10,000 Car $15,000 What is Joan's money demand?A) $200 B) $300 C) $500 D) $1,000 E) $11,000
Business
1 answer:
rodikova [14]3 years ago
3 0

Answer:

C. $500

Explanation:

Money demand can be defined as the part of an assets in which a person is ready to hold as cash . The money can however be used to purchase goods or services.

Money demand can be denoted as

= Cash balance + Checking account balance.

Given that;

Cash balance = $200

Checking account balance = $300

Money demand = $200 + $300

Money demand = $500

Therefore, Joan's money demand is $500.

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Why is using money as a medium of exchange preferable to bartering?
Y_Kistochka [10]

Answer:

Money as a medium of exchange is more preferable because of its less cumbersome nature.

Explanation:

Money as a medium of exchange is more suitable because of its less cumbersome nature. Money was invented because of the inefficient nature of the barter system.

Money is easily stored compared to a barter system.

Money as a medium of exchange eliminates the barter system's problem of double coincidence of wants. Barter works when you trade things you own for things you want. If for example you want a bicycle and you own a goat, you have to look for someone who wants a goat and owns a bicycle willing to make an exchange, which can be quite difficult.

Money is an acceptable medium of exchange to all parties which makes it more preferable to bartering.

8 0
3 years ago
A change in quantity demanded is caused only by
romanna [79]

Answer:

A change in quantity demanded is caused only by

A) price

B) a shift

C) Market

D) Income

The answer is Price(A)

Explanation:

Hope this helps :D

3 0
3 years ago
Read 2 more answers
- wuat is the result of a good business decision? (1 point)
Kobotan [32]

Answer:

It sacrifice short-term losses for long-term benefit.

Explanation:

As a result of you making a good business decision it allows you to absorb the short term losses in getting a better long time benefit that will last for decades of profit maximization that will cover times ten of your short term losses.

3 0
3 years ago
A retail establishment accepts either the American Express or the VISA credit card. A total of 24 percent of its customers carry
kozerog [31]

Answer:

The answer is: 74% of its customers carry a credit card the store will accept.

Explanation:

  • Let A denote the event a customer carries American Express credit card (24%)
  • Let V denote the event a customer carries Visa credit card (61%)
  • Let AV denote the event a customer carries both credit cards (11%)

P(A ∪ V) = probability that a customer carries at least one credit card

P(A ∪ V) = P(A) + P(V) − P(AV)

P(A ∪ V) = 0.24 + 0.61 − 0.11 = 0.74

6 0
3 years ago
Winsor Clothing Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of
natulia [17]

Answer:

The correct answer is 40.6 days. None of the options is correct.

Explanation:

The average collection period of the accounts receivable is how long it takes the company to collect its accounts receivable. It is expressed as: (Average accounts receivable / Net credit sales) x 365 days.

Average collection period = [($760,000 + $840,000)/2 / $7,200,000] x 365 days =  40.6 days

This means it takes the company 40.6 days to collect its accounts receivable.

5 0
3 years ago
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