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2 years ago

If ms. anniston transfers $1,000 from her checking account to her money market account, then?

1 answer:

7 0

M1 decreases and M2 doesn't change if Ms. Anniston moves $1,000 from her checking account to her money market account.

Money supply in M1 and M2. Money that is very liquid, such as cash, checkable (demand) deposits, and traveler’s checks, is included in the M1 money supply.

The M2 money supply, which consists of the M1 money supply plus savings and time deposits, certificates of deposits, and money market funds, is less liquid in nature. M2 is a larger definition of money that adds more deposit kinds along with everything in M1.

For more information about M1 and M2 refer to the link:

brainly.com/question/4221657

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3 years ago

Your aunt has $680,000 invested at 5.5% (time zero), and she now wants to retire. She wants to withdraw $45,000 at the beginning

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None of the options was correct

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3 years ago

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Explanation:

(a) The journal entry will be

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Cr : Machine(Asset) $23,000

(b) The journal entry will be

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Cr: Machine (Asset) $92,000

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Cr Machine( Asset ) $33,500

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The company should sell XY as it is because processing it further would reduce its income by $(33,000)

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<em>A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost. </em>

Product A $

Additional revenue ( 31 -26)× 6,600 33,000

Further processing cost (10× 6600) <u> ( 66,000)</u>

Loss from further processing (100) <u>(33,000)</u>

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3 years ago