Joan begins the month with $100 in her checking account. when she receives a pay check for $1,200 on the 5th of the month, she puts $1,080 in her checking account and $120 in her savings account. during the month, she spends $550 on rent and utilities, $30 on household items, $10 on a t-shirt, and $350 on food, leaving a balance of $240 in her checking account. based on the given information, which statement is not true based on the given information, which statement accurately describes the function of joan's money? her expenditures use funds as a medium of exchange but with no role for money as a unit of account. savings is a store of value measured in units of account. depositing money in savings is using it as a medium of exchange. buying goods and services uses money as a store of value and unit of account

What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond

Double corporation acquired all of the common stock of simple company for

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above