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1 year ago

To keep high inflation from eroding the value of money, monetary authorities in the united states.

1 answer:

6 0

To keep high inflation from eroding the value of money, monetary authorities in the united states control the supply of money in the economy.

<h3>What is supply of money?</h3>

The money supply in macroeconomics refers to the total volume of currency owned by the public at a certain point in time. There are various ways to describe "money," but the most common are currency in circulation and demand deposits.

The Fed can expand the money supply by decreasing bank reserve requirements, allowing banks to lend more money. In contrast, by increasing bank reserve requirements, the Fed can reduce the quantity of the money supply.

Our country's current monetary policy is expansionary, which implies that the money supply is artificially increased and interest rates are near zero. As a result, the growth rate of all dollars in circulation ("M2 Money Supply") reached a new high of 27% in 2020-2021.

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An offer is made on a property listed with broker Green for $93,000. The offer is for $91,000 and the buyer will be obtaining FH

NemiM [27]

Answer:

An offer is made on a property listed with broker Green for $93,000. The offer is for $91,000 and the buyer will be obtaining FHA financing. The appraisal comes in at $88,000. The recourse which the buyer have is:

The buyer may get an FHA loan provided the difference between the appraised price is paid in cash.

Explanation:

FHA stands for Federal Housing Authority. The FHA loan helps the buyer to get the home and it is a mortgage that is issued by the approved lender of the FHA.
The benefit of this loan is that these loans require a lower minimum down payments and credit scores as compared to other conventional loans.
In our case, the buyer will get the the financing from FHA to cover the difference of money between appraised price and actual price of the property.

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3 years ago

Jimmy knows that to pass the fitness test he needs to be able to run 5 kilometers in 35 minutes. His pace monitor measures in mi

slega [8]

Answer:

The answer is option (c), no he will not pass because he is running 4.8 miles in 35 minutes

Explanation:

This can be expressed as;

Speed=Distance/Time

where;

Distance to be covered=5 kilometers

Time=35 minutes

replacing;

speed=(5/35)=0.143 km/min

In order to pass the fitness test his speed has to be greater than 0.143 km/min

Determine if 3 miles per 35 minutes is greater than 0.143 km/min

I mile=1.6 kilometers

How many kilometers make 3 miles,

Jimmy runs=(3×1.6)=4.8 kilometers in 35 minutes

Speed=4.8/35=0.137 kilometers/minute

Speed jimmy runs (0.137 km/min)<the pace he needs to run to pass fitness test(0.143 km/min)

The answer is option (c), no he will not pass because he is running 4.8 miles in 35 minutes

4 0

3 years ago

Read 2 more answers

Examine transnet in terms of the characteristics of a monopoly

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Transnet is South African transportation sector company. This company included freight, logistic, and rail transportation in its business. For a decade, the Transnet Company have enjoyed the monopoly market in fright, logistic, and rail transportation in South Africa. because they control every rail in South Africa back then.

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3 years ago

Sheridan Company shows the following balances in selected accounts of its adjusted trial balance.

DanielleElmas [232]

Answer:

I really don't know but ight

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3 years ago

Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies m

zmey [24]

Answer:

1. Overhead over applied= $521,000

2. Factory Overhead Dr. $ 521,000

Cost Of Goods Sold Cr. $ 521,000

3. Work in Process, (ratio) $521,000 * 7%= 36,470

Finished Goods, $521,000 * 19%= 98,990

Cost of Goods Sold $521,000 * 74%= 385,540

Total $521,000 100%

4. Difference between the two CGS= $ 136,060

Explanation:

Predetermined Overhead Costs $1,152,000

Estimated activity level of 72,000 machine-hours

Overhead rate= $ 1152,000/ 72,000= $ 16 per hour

Manufacturing overhead cost $551,000

Actual hours = 67,000

Overhead applied to WIP = 67,000 * 16= $ 1072,000

Overhead over applied= $ 1072,000 - $551000= $521,000

Part 2:

Factory Overhead Dr. $ 521,000

Cost Of Goods Sold Cr. $ 521,000

The Cost of Goods Sold is credited and Factory overhead is debited.

Part 3:

Suppose the overhead is applied in the following ratio

Work in Process, (ratio) $37,520 7% (37520/536,00*100%)

Finished Goods, $101,840 19% (101840/536,00*100%)

Cost of Goods Sold $396, 640 74% (396,640/536,00*100%)

Total $536,000 100%

The overhead over applied would be allocated in the following way applying the same ratio as determined above.

Work in Process, (ratio) $521,000 * 7%= 36,470

Finished Goods, $521,000 * 19%= 98,990

Cost of Goods Sold $521,000 * 74%= 385,540

Total $521,000 100%

Part 4:

Cost of Goods Sold ( overhead applied of $396, 640) $1,472,600

Less Overhead overapplied $ 521,000

CGS = $ 951,000

Cost of Goods Sold (overhead applied to WIP & FG) $1,472,600

Less Overapplied Overhead $ 385,540

CGS= $ 1087,060

Difference between the two CGS = $ 1087,060- $ 951,000= $ 136,060

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3 years ago