Answer:
B) $2,600
Explanation:
Retained earnings in each is computed as net income minus dividends
In year 2016 retained earnings=$1200-$200=$1000
In year 2017 retained earnings=2016 retained earnings+net income-dividends
2017 retained earnings=$1000-$500+$0=$500
2018 retained earnings=2017 retained earnings+net income-dividends
2018 retained earnings=$500+$2,300-$200
2018 retained earnings=$2,600
Answer: Unit of account
Store of value
Medium of exchange
Explanation: Money has three functions:
Unit of account
Store of value
Medium of exchange
Unit of Account- Money can be used as a measure in determining value of goods and services. Norah compared the price of the dress to determine the dress costs less.
Store of value- money retains it value over periods of time, therefore it can be used to store value. Norah is saving money in a piggy bank.
Medium of exchange - money is used to facilitate transactions: it can be used to exchange for goods and services. Norah exchanged money for a dress.
I hope my answer helps.
Answer:
B. Place the order now.
Explanation:
Why wait until the exchange rate changes? When is that going to be? The best reaction would be to place the order when it is needed and not to speculate on the exchange rate. Waiting until the exchange rate changes against Japan makes the prices of goods and services cheaper for foreign purchasers. But, the wait could be endless.
Answer: The law of demand States that as price falls, quantity demanded increases and vice versa. (A).
Explanation:
In Economics, the law of demand states that all other things being equal; as the price of a good or commodity or service increases (↑), the quantity of the good/service demanded declines (↓); also, as the price of a good/service declines (↓), the quantity demanded increases (↑).
In other words, the law of demand shows an inverse relationship between the price and quantity demanded of a good/service.
Consequently, other things being constant, the quantity demanded of a good/service is inversely proportional to the price of the good/service.
For example if the price of a luxurious car falls it would motivate the buyers to rush to get a car. This law of demand is also used by marketers to attract buyers by the use of discount on goods.
Answer:
A. Gretchen is incorrect because there is a binding bilateral contract.
Explanation:
Mainly there are two types of contract i.e unilateral contract and the bilateral contract.
The unilateral contract is the contract when the offer is made to the anyone
while the bilateral contract is the agreement in which the both parties are agreed and bind to perform his/ her obligations.
In the given case, it reflects the bilateral contract as the Haley returns the dog and he requested for the money from the Gretchen
