All categories

2 years ago

The cash used to make change when customers pay for their purchases in cash is an example of the _____ motive for holding cash.

1 answer:

8 0

It should be noted that the cash that's used to make purchases as illustrated is the transactionary motive of holding money.

A financial transaction simply means an agreement that takes place between the buyer and the seller. It is the exchange of goods or services.

The transactionary motive of holding money simply means holding money in order to meet daily financial needs such as buying goods.

You might be interested in

What is the subject of Federal Open Market Committee decisions?

Mumz [18]

Answer:

the subject of Federal Open Market Committee decisions is as below:

level of interest rates and growth of the money supply

7 0

3 years ago

Sally, Greg, John, and Amar are working on a project for a customer that is aimed at cutting the client's electrical costs. The

vodomira [7]

Answer: Virtual organization

Explanation:

Virtual organization is a firm of organization whereby the members or the employees are geographically apart and not at the same place and therefore communicates by using their e-mails, phones, collaborative computing, or any other means of communication.

The virtual organization is what is being used by Sally, Greg, John, and Amar in the question above.

7 0

3 years ago

At $180, a firm can sell 18,100 stereo earphones (3.5 mm for android). These are premium earphones, guaranteed for 5 years. At t

kifflom [539]

Answer:

revenue falls by $167,005.08

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

When elasticity of demand is less than 1, demand is inelastic

Demand is inelastic if a small change in price has little or no effect on quantity demanded.

change in percentage demanded when price falls by 11% = 11% x 0.6 = 6.6%

Quantity demanded increases by 6.6%

Increase in quantity demanded = 18,100 x 1.066 = 19,294.60

decrease in price = 0.89 x $180 = $160.20

change in total revenue

(180 x 18,100 ) - ( $160 .20 x 19,294.60)

= 3,258,000 - 3,090,994.92

=167,005.08

6 0

2 years ago

Monica heard that as a general rule, she should spend no more than one week's pay on rent. If Monica's salary is $42,068 per yea

BlackZzzverrR [31]

The answer is $809. There are 52 weeks in a year, so $42,068/52 = $809.

8 0

3 years ago

Read 2 more answers

The agricultural adjustment act (aaa) attempted to solve the "farm problem" by providing federal loans based on crops held in st

Brums [2.3K]

The AAA payed farmers to reduce their production in order to raise prices.

7 0

3 years ago