When money is deposited in the bank fo later use, it is a store of value. When describing money, medium of exchange, store of value and unit of account are all terms that describe the use of money. Money is used as a medium of exchange for a good or service. Money is a unit of account because it varies in the unit it is worth. Money is also a store of value because it is something that can be put away and kept for future use so it is being stored at the value it holds.
Answer:
Explanation:j
The main force behind Taiwan's economy growth is Manufacturing. The correct option is c.
Taiwan's economy is a highly developed and market-based. It is the eighth largest in Asia and the twentieth largest in the world in terms of the parity of purchasing power, allowing Taiwan to be classified as an advanced economy through the International Monetary Fund. The World Bank ranks it among the high-income economies. Taiwan is one of the world's most technologically advanced computer microchip manufacturers.
Taiwan has evolved from a recipient of US aid in the 1950s and early 1960s to a donor of aid and a major foreign investor, in investments primarily in Asia.
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Answer:
The $160,000 will be reported on the December 31, 2016, balance sheet as accounts payable
Explanation:
Account payable: The account payable is the amount in which the purchase of an item on a credit basis is recorded and the payment is to be made at the later date. It has come under the current liabilities on the balance sheet side.
In the given question, the purchase of inventory is made for $160,000 on a credit basis. Along with it, the receipt is also taken from the supplier. So, the same amount i.e $160,000 will be recorded in accounts payable
never changes.
increases annually.
decreases annually.
A monthly fixed rate mortgage payment will Never change.
A fixed-rate loan is known to be one that gives a fixed term. A monthly mortgage payment is said to include interest, taxes, and insurance.
In a fixed mortgage payment rate, the payer is known to be informed at the very start the exact amount that they are said to pay for all the months to come.
Even if the net value of the properties alters as a result of market condition, payment in the fixed mortgage rate is not affected.
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C.Profits are rare in monopolistically competitive markets.
DMonopolistically competitive firms are as profitable as monopoly firms.