subject
Business, 06.04.2021 01:00 yungkxng57

Jake wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacation is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Jake buys the computer and writes a check for $1,299. Identify what role money plays in each of the following parts of the story. Hint: Select each role only once. Role of Money Medium of Exchange Unit of Account Store of Value Jake can easily determine that the price of the computer is more than the price of the vacation. Jake has $1,537 in his checking account. Jake writes a check for $1,299.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 21:40
The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.
Answers: 1
question
Business, 23.06.2019 01:30
True or false: it is generally better to concentrate your exercise time on the weekends only for maximum aerobic benefit.
Answers: 1
question
Business, 23.06.2019 08:40
One principle of usability testing is that it permeates product development. what does that mean?
Answers: 3
question
Business, 23.06.2019 09:50
Frick (1991) claimed that computers would become so powerful that k-12 educators and students would be able to produce their own multimedia and web-based learning materials. he predicted that teachers and students would soon be able to use computer-video technology to produce their own learning materials. all it would require is time, know-how, and some funds.
Answers: 3
You know the right answer?
Jake wants to purchase a new computer and go to the Caribbean for spring break. The computer is pric...
Questions
question
Social Studies, 17.12.2020 09:30
question
English, 17.12.2020 09:30
question
History, 17.12.2020 09:30
question
English, 17.12.2020 09:30