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loris [4]
1 year ago
11

Suppose a small nation produces 2,000 bikes each year, each bike costs $75. The money supply for the nation is 3,000 one-dollar

bills.
Business
1 answer:
erastovalidia [21]1 year ago
4 0

The right answer is 45 times.

What is the Velocity of Money ?

  • The haste of plutocrats is a dimension of the rate at which plutocrats are changed in a frugality.
  • It's the number of times that a plutocrat moves from one reality to another.
  • It also refers to how much a unit of currency is used in a given period of time.

Number of times each dollar bill is used is the velocity of money denoted by V

Quantity theory of money states MV=PY

where M is money supply, P is price, Y is output and V as stated above velocity of money

We need to find V which is equal to PY/M

Here, M=S1*5000-$5000

P=$75, Y=3000

V =  (3000*75)5000

V = 2250005000

V  = 45

So, each dollar bill needs to be exchanged 45 times.

Learn more about Velocity of money here:

brainly.com/question/15125176

#SPJ4

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Over the last two decades the reduced importance of certain institutions in the primary mortgage market has been largely offset
Alinara [238K]

Answer:

Thrifts role have decreased whereas, mortgage and commercial banks roles have increased.

Explanation:

In simple words, Credit unions and cooperative savings banks are examples of thrifts that offer a multitude of deposits and lending services. Thrifts are different from conventional institutions in that organizations may draw money through the Federal Home Loan Bank Network, allowing them to charge greater interest to its members.

The ease of doing business and less documentation with commercial banks promoted their growth.

8 0
3 years ago
Jenny Welch works at a retail store selling sports equipment. Her daily tasks include opening the store, creating the work sched
Wittaler [7]

Answer:

A. Managerial

Explanation:

Based on the information provided within the question I would place Jenny at the managerial level. This is basically due to the fact that all her tasks are tasks usually completed by managerial level employees within a company. Managerial employees are in charge of Planning, Organizing, Leading and Controlling those employees that are underneath them in the organizational pyramid. All done in order to reach organizational goals.

6 0
4 years ago
The following events took place for Rushmore Biking Inc. during February, the first month of operations as a producer of road bi
Ainat [17]

Answer:

<u>Income statement for Rushmore Biking Inc. for the month ending February 28.</u>

Sales                                      $910,000

Less Cost of Sales              ($550,000)

Gross Profit                          $360,000

Less Expenses

Selling Expenses                 ($185,000)

Administrative Expenses     ($90,000)

Net Income / (loss)                 $85,000

Explanation:

Perpetual inventory methods<em> keeps the record of inventory cost after every sale.</em>

Thus we were already given the costs associated with the sale of bikes (cost of sales) and there was thus no need to got the longer router of determining this amount using the manufacturing cost schedule.

5 0
3 years ago
How much the top managers support a change and how capable employees are of handling a change are important considerations of.
Artemon [7]

The ability of top managers to support a change and how capable employees are of handling a change are important considerations of how ready an organization is for change

<h3>What is Management?</h3>

This refers to the act of organizing workers in order to maximize their potential and output.

Here, we can note that when we are considering the ways in which organizations are ready for change, we would look at the ability of top managers to support a change and how capable employees are of handling a change because this shows their level of readiness.


Read more about management here:
brainly.com/question/1276995

4 0
2 years ago
Waddell Company had the following balances in its accounting records as of December 31, 2015:
Lilit [14]

a. The amount of land on the balance sheet will be $36,000 which is historical cost of the land. Land is not subject to depreciation so it is recorded at historical cost and not carrying value.

b. The amount of rent expense reported on Income statement will be $5,500 [ $ 6,000 * 11 /12 months ]

c. The total amount of liabilities reported on the balance sheet will be $43,800. This includes the contingent liabilities and warranties.

Learn more at brainly.com/question/24540829

8 0
3 years ago
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