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2 years ago

13

If there are 100 transactions in a year and the average value of each transaction is $10, then if there is $200 of money in the

economy, transactions velocity is _____ times per year.

1 answer:

trapecia [35]2 years ago

4 0

Answer:

the answer is C:5 how I know: I did it

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A company borrowed $19,000 by signing a 180-day promissory note at 10%. The maturity value of the note is: (Use 360 days a year.

emmasim [6.3K]

Answer:

$950

Explanation:

Calculation to determine what The maturity value of the note is:

Maturity value of the note=$19000*10%*180/360

Maturity value of the note=$950

Therefore The maturity value of the note is: $950

6 0

3 years ago

Q 5.36: Badger Enterprises purchased aluminum from JG Metals. When Badger Enterprises recorded this transaction, they made entri

disa [49]

Answer: periodic inventory system

Explanation:

The type of inventory system used by Badger Enterprises is the periodic inventory system. The periodic inventory system is an inventory whereby updates are usually done on periodic basis.

In the periodic inventory system, physical count of inventory is done at specific intervals. This is the method used by the company in the question.

5 0

3 years ago

On January 1, 2018, an investor company acquired 30% of an investee company’s common stock for $600,000. As a result of this tra

djverab [1.8K]

Answer:

$642,000

Explanation:

the journal entries required to record these transactions under the equity method are:

January 1, 2018, investment in ABC company

Dr Investment in ABC company 600,000

Cr cash 600,000

December 31, 2018, dividends received from ABC company

Dr Cash 15,000

Cr Investment in ABC company 15,000

December 31, 2018, ABC company reports net income

Dr Investment in ABC company 36,000

Cr Investment revenue 36,000

December 31, 2019, dividends received from ABC company

Dr Cash 15,000

Cr Investment in ABC company 15,000

December 31, 2019, ABC company reports net income

Dr Investment in ABC company 36,000

Cr Investment revenue 36,000

The balance of the investment in ABC company account = $600,000 + $36,000 + $36,000 - $15,000 - $15,000 = $642,000

3 0

4 years ago

An economist has predicted 2% inflation during the next 10 years. how much will an item that presently sells for 100 cost in 10

VikaD [51]

Answer:

With 2% inflation during the next 10 years, an item that presently sells for 100 will cost 102 in 10 years' time.

Explanation:

However, if the predicted inflation rate of 2% happens year on year, then the cost of the item will become 121.90 (100 (1+ 2%)∧10), compounded annually. In itself, inflation is the decline of the purchasing power of a given currency over some period of time. It is a quantitative measure of the rate at which the decrease in the purchasing power of the selected currency occurs, and how this is reflected in the price level of a basket of selected goods and services in that economy over some period of time.

4 0

3 years ago

Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,100. Budgeted cash rec

N76 [4]

Answer: $13,700

Explanation:

From the question, we are informed that Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,100. Budgeted cash receipts total $188,500 and budgeted cash disbursements total $190,200. The desired ending cash balance is $31,100.

To attain its desired ending cash balance for January, the company should borrow $13,700.

The solution has been attached.

4 0

3 years ago