Answer:
The U.S. Congress authorized CTSOs.
Explanation:
Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The outstanding deposits is computed below:
= Company cash receipts - bank deposited
= $74,640 - $71,375
= $3,265
And, the outstanding checks is computed below:
= Company written checks - Processed by bank
= $72,515 - $71,270
= $1,245
The preparation of the bank reconciliation statement on October 31, 2015 for Damon Company's is presented in the spreadsheet. Kindly find the attachment below:
The increase will reflect in the GDP deflator and the Consumer price index.
The GDP Deflator is used to measure the level of prices of all new and domestically produced goods and services in an economy.
- So, when there is an increase in price, the nominal GDP (Increased), so the GDP deflator Increased as well.
.
Consumer Price index is used to measure the inflated price of goods and services which are faced by all consumer households.
- So, when there is an increase in price, there is change in CPI .
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As Marshall observed, "Statistics are the straw out of which I, like every other economist, have to create bricks," this statement does definitely illustrate the significance and relevance of statistics in economics.
The economy is one of the most important aspects of our lives. Professionals in the financial sector frequently use it. However, economics without statistics is useless. We will offer statistics on economics with you in this blog. In economics, various statistics in economics are employed. You can reveal those economic information with the aid of this blog. But first, let's look at what statistics mean in the context of economics.
The quantification of data is handled by statistics. The qualitative data that is used in the data collection was represented using a variety of figures. The methodology used to deal with data collection, tabulation, classification, and presentation is known as statistics in economics.
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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.
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