Keeping $20 in currency to be able to buy gasoline, money is performing which function? unit of account symbol of fiat medium of exchange barter mechanism store of value

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Answer 1
Store of value

Store of value is a general term used to refer to that function of an asset that can be saved in the present time, and retrieved and exchanged in the future. Common examples of this include money, currency, precious metals or financial capital. The store of value function of money means that the present purchasing power of money can be retained into the future; thus, a person can decide to save money (such as keeping the $20 in the example) to be able to use it sometime in the future (to buy the gasoline later as in the example). 

Related Questions

Jewell-rung was a canadian corporation that imported and sold men's clothing wholesale. haddad was a new york corporation that manufactured and sold mens clothing under the

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Lost profits are consequential damages. Haddad is right that a buyer may not recover consequential damages that it could have prevented by cover. But Jewell-Rung offered legitimate reasons for not covering: the only Lakeland garments now available to it were those made by Olympic. Olympic would not sell a competitor the garments at reasonable prices. Further, Jewell-Rung could not rely on the quality of the garments manufactured by a different company. Jewell-Rung's failure to cover was reasonable and the company was entitled to prove its lost profits. Jewell-Rung Agency, Inc. v. Haddad Organization, Ltd

You have been hired by a small architectural firm interested in implementing a knowledge management system. what features do you think would be of most benefit to them?

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I think a system whereby as many types of architectural plans for different designs complete with the costs of each one with size ranges for different projects would be a good type of knowledge  management system to have to make it easy for prospective clients to select a design, a size and know the cost as close as possible. 

Problem 8.3 question help you have been asked to analyze the bids for 200200 polished disks used in solar panels. these bids have been submitted by three​ suppliers: thailand polishingthailand polishing​, india shineindia shine​, and sacramento glowsacramento glow. thailand polishingthailand polishing has submitted a bid of 2 comma 2002,200 baht. india shineindia shine has submitted a bid of 2 comma 2002,200 rupee. sacramento glowsacramento glow has submitted a bid of $ 220$220. you check with your local bank and find that​ $1 = 1010 baht and​ $1 = 88 rupee. the price per unit for thailand polishingequals=​$ nothing. ​(enter your response rounded to the nearest​ penny.) enter your answer in the answer box and then click check answer. 2 parts remaining clear all check answer

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We know that $1 = 8 rupee

And $1 = 10 baht

 

So if Thailand polishing gives a bid of 2,200 baht. To get the price per unit, you need to divide 2,200 to 10 baht to get how many dollars you can get from that. So 2,200 divided by 10 = $220 and divide this by 200 since there are 200 polished disks. So the price per unit would be 1.1.

The same goes for the other two suppliers.

 

For India Shine = 2,200 rupee. Since it is rupee, you need to divide it by 8 since 1 dollar is equals to 8 rupee. 2,200 divided by 8 = 275 then divide this by 200, you’ll get 1.38 per unit.

 

And for Sacramento Glow, $220. No need to convert since it is already in dollars. Just look for the price per unit. 220 divided by 200, the result is 1.1.

 

Final answer:

The price per unit for Thailand Polishing is $1.10, calculated by converting the total bid price from baht to dollars using the current exchange rate, and then dividing by the number of units.

Explanation:To calculate the price per unit for Thailand Polishing in dollars, you would divide the total price in baht by the current exchange rate (baht per dollar), and then divide that by the number of units (disks). Based on the data provided, Thailand Polishing has submitted a bid of 2,200 baht, and the current exchange rate is 10 baht per dollar, so the total cost in dollars would be 220 dollars. Then, since the bid is for 200 polished disks, the price per unit would be 220 dollars divided by 200 units, which equals $1.10 per unit.

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If nominal gdp = $4.5 trillion and the gdp deflator is 150, then real gdp is equal to:

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If nominal Gdp = $4.5 trillion and the
Gdp deflator is 150, then real Gdp is equal to 3 trillion. According to investopedia, “GDP stands for gross domestic product and is the measure of the total economic output of the goods and services of a country. GDP is usually expressed on an annual basis, but is sometimes expressed on a quarterly basis within a year”. While Real GDP is defined as  “equal to the economic output adjusted for the effects of inflation. Nominal GDP is economic output without the inflation adjustment”.Lastly, Nominal GDP is defined as usually higher than real GDP because inflation is typically a positive number. Nominal GDP is used when comparing different quarters of output within the same year. When comparing the GDP of two or more years, real GDP is used because, by removing the effects of inflation, the comparison of the different years focuses solely on volume.  

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one can of soda, one bag of chips, and one comic book. in year one, the basket costs $10.00. in year two, the price of the same basket is $9.00. from year one to year two, there is

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In this case, there would be deflation at the annual rate of 10%. This is because the value of the basket has become less, and is a rate of $1/$10 less for year two than it was during the first year. When a basket is worth less, deflation has taken place.

One of the reasons items manufactured in southeast asia are imported into the united states less expensively is that workers are paid a small amount of money for each item produced. the manufacturers operating in southeast asia use what type of pay plan?

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One of the reason is "piecework". It is any kind of work in which a laborer is paid a settled piece rate for every unit delivered or activity performed paying little heed to time. 
In the US, the Fair Labor Standards Act requires that all workers, including piecework representatives, win in any event the lowest pay permitted by law. In figuring a fitting piecework rate, businesses must monitor normal generation rates for particular exercises and set a piecework rate that guarantees that all laborers can win the lowest pay permitted by law

If local shell gasoline stations look at bp stations' prices as the primary method of determining its own prices, shell is using ________

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If local shell gasoline stations look at bp stations' prices as the primary method of determining its own prices, shell is using competition-based pricing.
In this we considers costs have not much value and consider to be less important than competitor's prices, means competitor's price is important.
Final answer:

If Shell Gasoline uses BP stations' prices as a benchmark for determining its own, Shell is employing a pricing strategy known as competitive pricing. In this approach, prices are set based on a competitor's price rather than factors like production costs or market value. It's a common strategy in highly competitive industries like petrol.

Explanation:

If local Shell Gasoline stations look at BP stations' prices as the primary method of determining its own prices, Shell is using competitive pricing. Competitive pricing is a strategy where a product's price is set based on the price of a competitor's product rather than production costs or market value. In this scenario, Shell Gasoline is clearly basing its price points on the existing prices of BP stations.

Let's take an example to better understand this. If BP sells gasoline at $3.00 a gallon, Shell may decide to price its gasoline at the same price or slightly lower, say $2.95 a gallon, to attract customers without creating a potential surplus. This strategy helps the company stay in line with market competition and makes it an attractive choice for consumers.

This strategy is a common practice in various industries, especially in those with high levels of competition, such as the petrol industry. Businesses keep a close eye on what their competitors are charging to ensure they're not pricing themselves out of the market.

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All the employees at agyris fence, inc. were sad when mr. agyris, the founder of the company, died. the remaining agyris managers decided that the company needed new ideas, so they hired mr. solaris, the ceo of a rival fencing company, to run the firm

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Final answer:

The scenario involves business management decisions, where a company hires a new leader from a rival firm to bring in fresh ideas after the death of their founder. This is a situation typical in the field of business.

Explanation:

The situation described involves the leadership and management changes within a company, which categorizes this question as a business subject matter. Specifically, it deals with organizational behavior and executive management. When Agyris Fence, Inc. experienced the death of its founder, Mr. Agyris, the company faced a transitional period. The managers, seeking new ideas and direction, decided to appoint Mr. Solaris, previously the CEO of a rival company, as their new leader. This move likely aims at infusing new strategies, perspectives, and practices into Agyris Fence, Inc. to steer the company toward future success. Such strategic hiring is common in the business world as companies often look for experienced executives to energize their operations and encourage growth.

Appliance america customer complaints have increased because its drivers became lost when attempting deliveries and arrived late. the drivers have resisted using gps systems, claiming they knew their territories. but managers are now encouraging them to look for the best solution. appliance america is in the ________ stage of lewin's change model.

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Appliance America is in the change stage of kurt lewin's change model. They have already gone though the unfreeze syage and are now encouraging new methods to resolve their problem.

Donald Trump, real estate and entertainment mogul, is an entrepreneur
True or False

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Yes, this is true. Donald Trump has made billions off his tycoons. 

Wesen corp. will pay a dividend of $4.00 next year. the company has stated that it will maintain a constant growth rate of 5 percent a year forever. if you want a return of 17 percent, how much will you pay for the stock?

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Here we use the Gordon Growth Model, which says: Value = (next year dividend) / (required rate of return - growth rate) Value = (4.00) / (17% - 5%) = $33.33 You wold pay $33.33 for the stock.

When different types of retailers are competing, it's called ___________ competition?

Answers

It’d be intertype competition, I believe

Answer:

it's called Intertype competition

Explanation:

In the business world be it retail or wholesale there are different types of competition like intertype and intratype competition.

Intertype competition is a type of market competition between different types of retailers selling the same product, this type of product is usually a product that can be sold in more than one retail store. example of such product is a car tire which can be sold either at a gas station or tire shops. the different retailers are in this example is the gas station and the tire shop while the product been sold is the tire.

Intratype competition is a type of market competition between the same type of retailers selling the same product. like two tire shop selling tires

Why is organizational membership considered a form of social capital? what is the relationship between social capital and inequality?

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Organizational membership is considered a form of social capital because it is a resource individuals have access to as a result of their social relationships.
The relationship between social capital and inequality lies in the fact that differential social capital generates differential economic opportunities. The individuals tend to associate with similar others.So the most powerful, wealthy, and prestigious people end up with much more social capital than those with less power, wealth, and prestige. 

If julio ruiz has an income of $30,000, pays $6,000 in rent, $1,200 in utilities, and $5,000 in taxes per year, is disposable income is

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Disposable income is defined as any and all income that one has less the taxes and other mandatory payments one must make. In Julio's case, this would be the $30,000 he has earned less the $5,000 he pays in taxes yearly. The rent and utilities would not be considered, leaving a disposable income value of $25,000.

Compute the takt time for a system where the total time per shift is 410 minutes, there is one shift, and workers are given 3 14-minute breaks and 40 minutes for lunch. daily demand is 357 units.

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55 seconds, or 55.13 seconds. The available production time per day is 328 minutes - total time, 410 minutes, minus the time allotted for breaks, 82 minutes. Converted into seconds (by multiplying with 60), there are 19680 seconds available for production. The takt time is found by dividing this number with the daily demand, 357 units.

B. if winston had kracker's number of days' sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.

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If winston only needed to hold 35.7 days of inventory than it would only need an average inventory per year of 3378.29 (Avg inv/avg COGS = avg daily inventory held which is 3378.29/94.6 = 35.7). It currently holds 4025 inventory on average throughout the year so it's holding 647 million dollars of inventory more than it would if it lowered its ratio to 35.7.
Final answer:

To compute Winston's additional cash flow if it had Kracker's DSI, we need to get the difference between their DSIs, calculate Winston's average daily sales and multiply the two results.

Explanation:

To calculate Winston's additional cash flow if it had Kracker's number of days' sales in inventory, we need to follow these steps:

First calculate Days' Sales in Inventory (DSI) for Kracker. DSI is computed as (Inventory/Net Sales) x365.Subtract Winston's DSI from Kracker's DSI to find out the reduction in inventory days if Winston had Kracker's DSI.Then, calculate the average daily sales (Net Sales/365) for Winston.Finally, multiply the reduction in inventory days by the average daily sales. This would give the amount of additional cash flow created due to the reduction in inventory.

Please note this is a simplification, assuming that all else remains constant and that there are no financing costs or lost sales due to lower inventory.

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Suppose that while melissa was on the coast, she also spent two days sightseeing the national parks in the area. to do the sightseeing, she paid $1,000 for transportation, $800 for lodging, and $450 for meals during this part of her trip, which she considers personal in nature. what amount of the travel costs can melissa deduct as business expenses?

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Most of the times when a personnel is sent for an official business trip, transportation and lodging, and sometimes even meals are shouldered by the company. 

In the statement given above, it is noted that the meals that Melissa took are considered personal in nature. Hence, she can deduct this from the business expenses. 

You studied for an exam and received an "A." The "A" is an example of a _____ .

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Non Monetary Incentive I believe!

What type of targeting is strategy is boyle's strength & conditioning likely using?

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The targeting strategy that  Boyle's strength & conditioning likely using is concentrated marketing strategy. It is

A concentrated marketing strategy and  is targeted to one specific market segment or audience. An examples is,  a company might market a product specifically for teenage girls, or a retailer might market his business to residents in a specific town. It is also often geared for smaller groups of people, because they are designed to appeal to a specific segment.

 

 

A targeting strategy is a strategy used to make sure the marketing efforts are directed to the right potential customers.  When a product or service is developed, the audience for which it was developed for is decided as well. Then, the marketing team focuses on how to direct their marketing items to reach that audience. When they reached their audience, they've succeeded in their target strategy.

The definition "'parlor' means a room for receiving visitors" is an example of:
a. an etymological definition.
b. a precising definition.
c. a theoretical definition.
d. a definition by subclass.
e. a definition by genus and difference.

Answers

a. an etymological definition. -  Parlour from the middle ages the word parloir or parler, which means "to speak." Its original usage denoted a place set aside like an "audience chamber", or receiving area.

Answer: An etymological definition

Hope this helps!

According to the discussion of the "color of money," blue money is     

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Final answer:

Blue money historically signifies wealth shown through the use of costly blue pigments, representing opulence and power, and is connected to aristocracy and noble status.

Explanation:

When discussing the "color of money," blue money refers to wealth that is displayed or signified by the use of expensive blue pigments. Historically, blue pigments like those derived from lapis lazuli were costly and indicated a considerable expense, often used as a status symbol to represent wealth, opulence, and power. This concept of blue as a color of significance is also mirrored in expressions like "blue blood," associated with aristocracy and nobility, due to their ability to afford such expensive hues in their clothing and artwork.

In modern contexts, the term "color of money" might refer to the broader symbolism of money in society, where color is used metaphorically to discuss different aspects of economy or the societal impacts of wealth and money. The color most commonly associated with money in this context is green, symbolizing the paper currency in many countries, including the United States.

Why should companies be careful to report cash and cash equivalents correctly?

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Companies should be careful to report cash and cash equivalents correctly because this is there responsibility. Companies must be prepared for random audits by the IRS and must show these records and calculations when the need arises. This will save a lot of money from penalties and other fees that may be owed to the IRS and can update the IRS of any incorrect calculations they may have.

Suppose that the projectile marble and target marble do not collide with their centers of mass

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Final answer:

The query discusses two-dimensional collisions and projectile motion in Physics, highlighting that rotation can be complex in collisions but is disregarded in point masses, and emphasizing the conservation of momentum as a fundamental principle.

Explanation:

The discussion provided captures key concepts central to understanding dynamics in Physics, specifically in the field of mechanics concerning collisions and projectile motion. In two-dimensional collisions, the potential for objects to rotate either before or after the collision introduces complexity; however, in some scenarios, such as with point masses or controlled experiments, rotation can be disregarded. A relevant physics principle is the conservation of momentum, which is especially evident when dealing with a collision where after impact, two carts stick together. This principle can be used to determine unknown masses given initial and final conditions, as exemplified by the student's experiment with two carts. Concerning projectile motion, it's important to recognize that, contrary to the incorrect statement provided, all objects in projectile motion fall at the same rate due to gravity when air resistance is negligible.

You need $77,000 in 12 years. if you can earn .44 percent per month, how much will you have to deposit today?

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Final answer:

To have $77,000 in 12 years with a 0.44% monthly interest rate, you would need to deposit approximately $41,777.09 today. This is calculated using the present value formula for compound interest.

Explanation:

To determine how much needs to be deposited today to have $77,000 in 12 years with a monthly interest rate of 0.44%, the present value formula for compound interest needs to be used.

The formula for the present value compounded monthly is:

PV = FV / (1 + r)n

Where:

PV = Present Value

FV = Future Value ($77,000)

r = monthly interest rate (0.44% or 0.0044)

n = total number of months (12 years x 12 months/year = 144 months)

Plugging the values into the formula:

PV = $77,000 / (1 + 0.0044)144

Now we calculate the present value:

PV = $77,000 / (1.0044)144

PV = $77,000 / (1.843417)

PV = $41,777.09 approximately

Therefore, you would need to deposit approximately $41,777.09 today to have $77,000 in 12 years at a monthly interest rate of 0.44%.

The estimated monthly sales of mona lisa paint-by-number sets is given by the formula q = 97e−3p2 + p, where q is the demand in monthly sales and p is the retail price in hundreds of yen. (a) determine the price elasticity of demand e when the retail price is set at ¥400. e = interpret your answer. the demand is going by % per 1% increase in price at that price level. thus, a large price is advised. (b) at what price will revenue be a maximum? hundred yen (c) approximately how many paint-by-number sets will be sold per month at the price in part (b)? (round your answer to the nearest integer.) 17 paint-by-number sets per month

Answers

Final answer:

To determine the price elasticity of demand when the retail price is set at ¥400, we use the formula e = Δq/Δp * p/q. The maximum revenue is found by finding the critical points of the revenue function. To calculate the number of sets sold at the price that maximizes revenue, we substitute the price into the demand function.

Explanation:

The price elasticity of demand can be calculated using the formula: e = Δq/Δp * p/q. To determine the price elasticity of demand when the retail price is set at ¥400, we substitute the values into the formula: e = Δq/Δp * p/q = 97e^(-3p^2 + p) = 97e^(-3(4)^2 + 4) = 97e^-28. The interpretation of the price elasticity of demand depends on its magnitude. Since it is not specified in the given information, we cannot determine whether a large price increase or decrease is advised.

The maximum revenue will occur when the derivative of the revenue function with respect to the price is equal to zero. Using the formula for the revenue function: R(p) = p * q, we substitute the demand function into the revenue function: R(p) = p * (97e^(-3p^2 + p)). We can find the maximum revenue by finding the critical points of this function.

To determine the number of paint-by-number sets sold per month at the price that maximizes revenue, we substitute the price into the demand function: q = 97e^(-3p^2 + p). Plugging in the price obtained from part (b), we can calculate the number of sets sold.

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Final answer:

The price elasticity of demand can be calculated by finding the derivative of the demand function and then using the elasticity formula. Revenue maximization occurs at a price where the derivative of the revenue function equals zero. The number of paint-by-number sets sold at this price is found by inserting the price into the demand equation.

Explanation:

To determine the price elasticity of demand (e) when the retail price is set at ¥400, we first need to convert the price to hundreds of yen, meaning p=4. Next, we need to calculate the first derivative of the demand function, q = 97e^(-3p^2) + p with respect to p, and then evaluate this derivative at p=4. Once we have the derivative, we can use the formula for elasticity which is e = (p/q) * (dq/dp).

To find the revenue-maximizing price, we would need to find the derivative of the revenue function, R = p*q, with respect to p, and set this derivative to zero to find the critical point(s). This will give us the price at which the revenue is maximized. In practice, we would differentiate the quantity function q with respect to p, multiply by p and add q, and then set the resulting derivative equal to zero.

Finally, after finding the optimal price for maximum revenue, we would plug this price back into the original demand function to find the monthly sales volume.

Brite plating company has lost a number of valuable employees to competitors. it recently gave employees a substantial raise, but turnover remains high. this is a reflection that, according to herzberg's motivation-hygiene theory, money is considered to be a(n) _______ factor.

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Hygiene factor. These factors (salary, benefits, vacations, work conditions, job status, job security) do not give positive satisfaction or provide higher motivation. However, their absence will lead to dissatisfaction. The alternative would be motivators, which provides positive satisfaction and motivation.

Some companies use automated payment processing technology in which paper checks that may arrive at a lockbox are converted into electronic payments then the check itself is destroyed. this process is referred to as

Answers

The answer in the given statement above is the accounts receivable conversion. This type of process allows an individual to receive the amount that he or she converts from paper check into a real amount when scanned under an electronic machine in which is being described above.

Final answer:

The process where paper checks are converted into electronic payments and the physical check is destroyed is called Check Truncation. It's a method used by businesses and financial institutions to streamline payment processes and increase efficiency.

Explanation:

The process which you're referring to, where paper checks are converted into electronic payments and then the physical check is destroyed, is typically called Check Truncation. This is a common procedure done by financial institutions and businesses to streamline their payment processing system, reduce operational costs, and increase efficiency. Rather than storing and managing physical checks, the electronic version, normally an image of the check, is used for record-keeping and verification. This is particularly important in business transactions where large amounts of checks are processed wherein manual handling can be very time-consuming and prone to human error.

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Small business owners can seek professional advice at no cost through ________.

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They can go to (or enlist the assistance of) the Service Corps of Retired Executives. These are a group of volunteers around the country who mentor business executives who require their services and give lectures regarding business start-ups. They also offer counseling services for businesses and entrepreneurs.

A potential employer informs helen that he would like her to provide references for him to contact. what information should helen include for each reference?

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Helen should includes: name, title, address, email address, telephone, relationship to candidate.
Helen should includes several ways to contact her references in order to make sure that employer could contact her references in case that he/she is not contactable through one medium.

One change that seth mentions is the plantbottle. another is using grape juice instead of sugar to sweeten drinks. what is true about these changes?

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the answer to this question is The PlantBottle is a potentially disruptive innovation; grape juice–sweetened drinks are a product change.
Disruptive innovation refers to the type of innovation that potentially eliminate existing similar product in the market, and product change is an additional adjustment that made toward a similar product that already exists int he market.
Final answer:

The PlantBottle and the use of grape juice as a sweetener have impacts on sustainability and health.

Explanation:

Sustainability and health are interconnected. Promoting sustainable practices in areas like food, transportation, and energy can enhance public and environmental health, mitigating issues like pollution and climate change. The changes mentioned, such as the PlantBottle and using grape juice instead of sugar to sweeten drinks, have impacts on sustainability and health.

PlantBottles are made from plastics derived from plants, reducing the reliance on fossil fuels and reducing carbon emissions. Grape juice as a sweetener is a healthier alternative to sugar, as it contains natural sugars and may have additional health benefits from antioxidants present in grapes. These changes contribute to sustainability efforts and offer healthier options for consumers.

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