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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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Which entity types can generally use either the cash or accrual method of accounting for tax purposes

Neko [114]

Answer:

S corporation

Sole proprietorship

Partnership

Explanation:

Not sure if im right but there ya go :)

3 0

3 years ago

If one believes interests rates will move lower in the months ahead, he or she should invest in long-term, fixed-rate savings in

Elina [12.6K]

There are interests rates in goods sold. If one believes interests rates will move lower in the months ahead, he or she should invest in long-term, fixed-rate savings investments is a false statement.

<h3>Does a higher rate of money supply lower interest rates?</h3>

Note that larger money supply often lowers market interest rates, thereby making it much lower expensive for consumers to borrow.

Investment one should choose today if you believe interest rates will go up is Short-term savings instruments. This is because by investing money in short-term savings instruments, one's money can be available to invest in any kind of higher interest instrument in the future.

Learn more about interests rates from

brainly.com/question/25793394

7 0

2 years ago

Culver Company has the following securities in its portfolio on December 31, 2017. None of these investments are accounted for u

SIZIF [17.4K]

Answer:

unrealized loss (OCI) 500 debit

trading securities- wallace 5,200 debit

trading securities gordon 4.200 credit

trading securities - martin 1,600 credit

cash 66,300 debit

loss on investment 6,900 debit

trading securities - gordon 73,200 credit

--to record sale of gordon securties --

trading securities earnhart corp 53,800 debit

cash 53,800 credit

--to record purchase of earnhart--

unrelized loss(OCI) 7,100 debit

trading securities earnhart corp 3,700 credit

trading securities- wallace 3,400 credit

-- 2018 year-end adjustment--

Explanation:

gordon 77,600 - 73,200 = (4,100)

wallace 172,900 - 167,700 = 5,200

martin 63,500 - 65,100 = <u> (1,600) </u>

Total adjustment (500)

We will declare as other comprehensive incoem the unrealized loss of 500 dollar for the period

At sale date we compare the proceeds and the cost to check for the earning or losses:

1,500 shares x $45 each less 1,200 fees = 66,300

gordon shares book value <u>(73,200)</u>

loss on investment 6,900

Earnhart corp:

700 shares x $75 each plus 1,300 fees: 53,800

year-end adjusting 2018

earnhart 50,100 - 53,800 = (3,700)

wallace 61,700 - 65,100 = (3,400)

martin 167,700 - 167,700 = <u> 0</u>

unrealized loss (7,1 00)

3 0

3 years ago

Kela Corporation reports net income of $550,000 that includes depreciation expense of $76,000. Also, cash of $53,000 was borrowe

Bogdan [553]

Answer:

$626,000

Explanation:

Kela corporation has a net income of $550,000

Depreciation expense is $76,000

Cash is $53,000

Therefore the total cash inflows from operating activities can be calculated as follows

=$550,000 + $76,000

$626,000

Hence the total cash inflow from operating activities is $626,000

3 0

3 years ago

Which of the following statements concerning general ledger accounts is true? The general ledger accounts are the only source of

umka2103 [35]

Answer: The general ledger accounts do not provide the accounting information that managers of job order cost operations need to plan and control production activities.

Explanation:

A general ledger account is an account that is used in an organization to sort and summarize the transactions of an organization. These form of accounts are arranged in a general ledger and the balance sheet will have to appear first which is then followed by income statement.

It is also used to record every journal transactions that has taken place in order to prepare trial balance. General ledger accounts don't accounting information to the job order cost operations need to plan and control production activities due to the fact that costing had to do with several costs.

6 0

3 years ago