Answer:
2. False
Explanation:
The market for money is like the market for any other good: if demand is higher than supply, then, the price of money (the interest rate), will have to be lowered, so that money becomes cheaper and more abundant, and supply and demand become equal and reach equilibrium.
In this case, the centrla bank needs to lower the interest rates by buying bonds. When the central bank buys bonds, it prints more money that is put in the market, effectively increasing the supply of money, and lowering the interest rate in the meantime.
Answer:
The company has incorrectly credited the sales revenue account at the time of the receipt of payment. So, the journal entry to record the transaction is as follows:
Date Particulars Debit Credit
March 1, 20 Sales Revenue A/c $45,000
To Unearned Sales Revenue A/c $45,000
(To record Unearned sales revenue)
Answer:
$4,000
Explanation:
The operating activities records daily activities of a business entity transactions such as depreciation expense, loss or profit on sale of long term assets, change in working capital etc.
With regards to the above scenario, there is a loss of $4,000 on the sale of equipment whilst same was recorded under the operating activity section as positive.
It is to be noted that the sale and equipment of an equipment falls under investing activity section hence shod be recorded therein as such, reason it was not considered here.
Answer:
a. Break Even points in past year 8,750 units
b. Break Even point in coming year 10,000 units
Explanation:
The breakeven sales in units is calculated by dividing the fixed costs by the contribution margin of each unit of sales.
The selling price is $ 40 and the variable costs per unit are $ 32 so the contribution margin per unit is $ 8.
For past year
To cover the fixed costs of $ 70,000 the breakeven point is calculated as:
$ 70000/ $ 8 = 8.750 units.
For coming year
The fixed costs are increasing by the property taxes increase of $ 10,000 so the fixed costs are $ 80,000
Break even point is calculated as $ 80,000/$8 = 10,000 units.
Nancy, who was a Viagra saleswoman in Utah before moving to Florida, would be considered <u>frictionally unemployed</u>.
<h3>What is frictional unemployment?</h3>
Frictional unemployment exists in a situation when a person could be gainfully employed but decides to seek employment elsewhere.
The movement from employed status to seeking employment creates frictional unemployment.
Thus, Nancy, who was a Viagra saleswoman in Utah before moving to Florida, would be considered <u>frictionally unemployed</u>.
Learn more about frictional unemployment at brainly.com/question/11481076
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