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2 years ago

Money functions as a store of value if it allows you to:

Business

1 answer:

fenix001 [56]2 years ago

5 0

Money is called a store of value because it allows us to:

Save
Allocate capital
Have confidence in money

When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.

When money is a store of value, we have confidence in its ability to be used to carry our wealth into the future.

In conclusion, money being a store of value means that we have confidence in it.

Find out more about the functions of money at brainly.com/question/3182649.

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3 years ago

Garida Co. is considering an investment that will have the following sales, variable costs, and fixed operating costs:

svlad2 [7]

Answer:

Garida Co.

The project's net present value (NPV) is:

= $57,787

Explanation:

a) Data and Calculations:

Year 1 Year 2 Year 3 Year 4

Unit sales 4,200 4,100 4,300 4,400

Sales price $29.82 $30.00 $30.31 $33.19

Variable cost per unit $12.15 $13.45 $14.02 $14.55

Fixed operating costs $41,000 $41,670 $41,890 $40,100

Year 1 Year 2 Year 3 Year 4

Sales Revenue $125,244 $123,000 $130,333 $146,036

Variable costs $51,030 $55,145 $60,286 $64,020

Fixed operating costs $41,000 $41,670 $41,890 $40,100

Total costs $92,030 $96,815 $102,176 $104,120

Income before tax $23,214 $26,185 $28,157 $41,916

Income tax (25%) 5,804 6,546 7,039 10,479

Net income/cash inflow $17,410 $19,639 $21,118 $31,437

PV factor 0.901 0.812 0.731 0.659

Present value $15,686 $15,947 $15,437 $20,717

Total present value of the cash inflows = $67,787

Less investment cost of equipment = 10,000

Project's net present value (NPV) = $57,787

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3 years ago

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Answer:

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2 years ago

Read 2 more answers

Aggie Fitness began business in College Station, TX on June 1, 2018. At that time, the company collected $6,000 in advance payme

REY [17]

Answer:

b. $2,500, $3,500

Explanation:

Amount collected in advance will be recognized as a liability until the revenue is earned. Entries are posted between the cash account and deferred revenue account on collection of cash.

Given that he company collected $6,000 in advance payments from customers for 12-month gym memberships on June 1, 2018.

Debit Cash account $6,000

Credit Unearned revenue $6,000

After 7 months ( between 1 June and 31 December 2018),

Revenue earned = 7/12 × $6,000 = $3,500

On December 31, 2018,

Debit Unearned revenue $3,500

Credit Membership Revenue $3,500

Balance in unearned revenue accounts = $6,000 - $3,500 = $2,500

Balance in Membership revenue = $3,500

3 0

3 years ago

Suppose Charlene Brewster has timesâ (in seconds) of 8.5â, 8.5â, 8.3â, 8.6â, 8.7â, 8.4 and a performance rating of 85â%.

professor190 [17]

Answer:

1. 10s

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Explanation:

1. To calculate the normal time, we first take the average of Charlene's observed times:

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Her normal time is therefore: $\frac{Average of Charlene's observed time}{performance rating}$ = $\frac{8.5}{0.85}$ = 10s

2. Since no of Charlene's observed time is higher than normal time of 10s, we can therefore conclude that her work perfomance should be rated as slower than normal.

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3 years ago