1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
What do firms stand to gain by increasing their market power
Ivahew [28]

Answer:

Increase in profit.

8 0
3 years ago
Read 2 more answers
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because t
dimulka [17.4K]

Answer:

$51.25

Explanation:

P9 = Next dividend / Required rate r - Growth rate g

P9 = $15 / 14% - 5%

P9 = $15 / 9%

P9 = $166.67

Po = P9 / (1 - Required rate of return)^9

Po = $166.67 / (1 + 0.14)^9

Po = $166.67 / 3.2519

Po = $51.25

So, the current stock price is $51.25.

8 0
3 years ago
Industry-level strategy is a corporate strategy that addresses the question "how should we compete against a particular firm in
Alik [6]
The answer is false.
8 0
3 years ago
Tidy Limited purchased a new van on January 1, 2018. The van cost $32,000. It has an estimated life of eight years and the estim
Cloud [144]

The adjusted balance in the Accumulated Depreciation account at the end of 2019 is <u>$14,000</u>.

<u> Explanation</u>:

<em><u>Given</u></em>:

Cost of van= $32,000

Estimated residual value= $3,200

Straight-line Depreciation Rate= 1/8

                                                = 0.125

Straight-line Depreciation Rate= 12.5%

Declining Balance Rate = 2 ×12.5%

                                             = 25%

Double declining balance can be calculated with the following formula:

2 x basic depreciation rate x book value

By applying the values,

The adjusted balance in the Accumulated Depreciation account= $14,000.

7 0
3 years ago
A corporation with both preferred stock and common stock outstanding has a substantial credit balance in its retained earnings a
german

Answer:

Profit re-investments, purchase of another company, financial troubles

Explanation:

The first reasons could be that the company wants to reinvest its profit after it pays out dividends on preferred stocks or in other words if it wants to finance its future growth. Another reasons could be that the company has decided to withhold some of its earnings for future acquisitions. Third possible reason could be that the company wants to defer the payments on common stock for some time.

4 0
3 years ago
Other questions:
  • 4. Describe a nonprice competition strategy that you have seen a company use. Do you think this strategy was effective? Why or w
    12·1 answer
  • In an effort to reduce pipe breakage, water hammer, and product agitation, a French chemical company plans to install several ch
    6·1 answer
  • Security Technology Inc. (STI) is a manufacturer of an electronic control system used in the manufacture of certain special-duty
    10·1 answer
  • Globalization is allowing countries to _________ many of their employers, particularly those in labor intensive, low paying indu
    5·2 answers
  • FreeSpirit is a premium clothing brand. The brand's advertisements feature models of all age groups. In the given scenario, Free
    14·1 answer
  • Deferred income taxes are based on the:_______.
    10·1 answer
  • By selling shares of ownership in their company, California Scientific acquires the funds needed to finance their research and d
    15·1 answer
  • f the company estimates that it will need 55,480 pounds of raw material to satisfy production needs in March, then the raw mater
    8·1 answer
  • Once you graduate from a college or university, you have to pay a fee to take advantage of their career services. False True
    14·1 answer
  • The largest source of federal revenue are ____ taxes.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!