If a certain household earns and spends $24,000 per year and, on average, holds a money balance of $6,000, then the velocity of money for this household is 4.
A household consists of one or more people who live in the same dwelling and share meals. It can also consist of a single-family or another group. Households are the basic unit of analysis in many social, microeconomic, and government models and are important to economics and inheritance.
The definition of household relates to family or social units living together, or household behavior. You and your family members who live with you are an example of your household. Budgets and checkbooks are examples of household budget tools.
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Answer:
Dr Unearned fees $24,510
Cr Fees earned $24,510
Explanation:
Preparation of the December 31 adjusting entry required
Based on the information given if the balance shown in the unearned fees account was the amount of $37,040 before adjustment at the end of the year which means that if the amount of unearned fees at the end of the year is the amount of $12,530 the December 31 adjusting entry required will be :
Dr Unearned fees $24,510
Cr Fees earned $24,510
($37,040-$12,530)
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Answer: true
Explanation:
The term risk free assets are the assets that are secure because they are expected to bring about a return while the Beta is used to know the volatility of a portfolio when it is compared to the entire market.
Risk-free assets typically have zero beta since they're risk free. Therefore, risk-free assets have a beta of 0 and the market portfolio has a beta of 1 is true.
Answer:
Amount in flexible budget of cost of direct material for the month of November shall be $93,456
Explanation:
Flexible budget is the budget prepared based on actual level of output, in relation to standard cost as estimated.
Here, for the month of November
Actual activity = 7,920 units
Standard material cost = $11.80 per unit
Amount in flexible budget based on actual quantity of output shall be
7,920 
$11.80 = $93,456
Actual cost = $93,926
Therefore, amount in flexible budget of cost of direct material for the month of November shall be $93,456
