Answer: Option (d) is correct.
Explanation:
If people decided to hold less currency relative to deposits, then the money supply rises in the economy. Since large portion of currency they deposited into banks. As these deposits increases money supply in the economy through money multiplier.
Fed could try to neutralize the impact of this factor by selling treasury bonds to public. Therefore, money supply decreases to some extent.
Answer:
27.14 months
Explanation:
to calculate how long it will take to pay the loan, we can use an excel spreadsheet and the NPER function:
=NPER(rate,payment,-loan)
- payment = 630
- rate = 1.03
- loan balance = 14,850
=NPER(1.03%,630,14850) = 27.14 months
Answer:
A
Explanation:
In this question , we are asked to calculate the inventory turnover during 2019.
Mathematically;
Inventory turn over = Cost of goods sold/Average inventory
From the question, we identify that the cost of goods sold = $750,000
Average inventory = (188,000 + 208,000)/2 = 396,000/2 = 198,000
Inventory turn over = 750,000/198,000 = 3.79
Answer:
1. Using the chain weighted method, and selecting year 1 as a base, what is real GDP in year 2?
2. Using the chain weighted method, and selecting year 2 as a base, what is real GDP in year 2?
Explanation:
When you use the chain weighted method, you must multiply the base year's price times the current quantities to determine real GDP.
Year 1 Year 2
Quantity Price Quantity Price
Bread 30 $10 40 $15
Computers 10 $50 15 $60
real GDP in year 2 using year 1 as base = (15 x $50) + (40 x $10) = $750 + $400 = $1,150
real GDP in year 2 using year 2 as base = (15 x $60) + (40 x $15) = $900 + $600 = $1,500
Answer:
The correct answer is that the assets will be increased through $530
Explanation:
The cash in advance is the amount of payment which is used in some of the trade agreements. The cash in advance is needed which the buyer paid to the seller in form of cash before the shipment is received and sometimes, it is made even before the shipment.
So, in this case, the company received the cash which is in advance worth of $530 from the client. So, this will result in increasing the cash for the business as cash is the asset for the business which is earned by business by providing or offering the services or product to client.