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Anestetic [448]
3 years ago
8

Within a(n) _____, there is a level of economic integration that involves the use of a common currency, harmonization of members

' tax rates, and a common monetary and fiscal policy
Business
1 answer:
Ad libitum [116K]3 years ago
7 0

Answer:

Within an economic and monetary union, there is a level of economic integration that involves the use of a common currency, harmonization of members' tax rates, and a common monetary and fiscal policy .

Explanation:

An economic and monetary union is a form of economic integration of states, including the common market, harmonization of economic policy (or common economic policy) in several areas, and monetary union (a common currency or at least fixed exchange rates between Member States). It is the fifth phase of economic integration.  

Sometimes a monetary union is seen as either the starting point of an economic (and monetary) union, sometimes - more often - than its completion. Since there is also a monetary union without a common market and / or harmonized economic policy, the concepts of "economic and monetary union" and "monetary union" need to be differentiated.  

A typical example is the European Union's Economic and Monetary Union.

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Karen Meyer owns and operates Crystal Cleaning Company. Recently, Meyer withdrew $10,000 from Crystal Cleaning, and she contribu
olga nikolaevna [1]

Answer:

c. Karen Meyer's personal records and the American Red Cross

Explanation:

Karen owns the company and withdrew $10,000. That should be recorded on the accounting records of both Karen and Crystal Cleaning Company.

She later performs a new operation. She makes a contribution of $6,000 to the American Red Cross.

Now, this contribution, this operation should be recorded on her personal records and the American Red Cross. This sum: $6,000 doesn't come from Crystal Cleaning Company as the contribution was on her name.

So, the answer is C. Karen records and the American Red Cross.

8 0
3 years ago
Bennett Corporation has the following data as of December​ 31, 2018​:
jenyasd209 [6]

Answer:

1.55

Explanation:

Total assets:

= Total Current Assets + Other Assets + Property, Plant, and Equipment

= 25,680 + 45,600 + 249,000

= $320,280

Total liabilities:

= Total Current Liabilities + Long-term Liabilities

= $51,670 + $143,010

= $194,680

Stockholder's equity:

= Total assets - Total liabilities

= $320,280 - $194,680

= $125,600

Debt to equity ratio:

= Total liabilities ÷ Stockholder's equity

= $194,680 ÷ $125,600

= 1.55

6 0
3 years ago
Victoria is creating a brochure for her photography studio. She designed the layout and placed a photo in the center of the page
Inessa05 [86]
Resizing is a very simple process. On the photo editing program, simply click on the image, and if resize handles appear around it, click and drag those to the desired size. If the program has a dedicated resizing or rescaling tool, use it and follow the above instructions. Keep the photo proportionate by holding down the shift key while dragging a corner handle. Tanner has to make sure that his photo his of a high enough resolution to resize. A pixellated or blurry photo will only get worse when scaled up. He also has to make sure he doesn't resize it to be too big or it will also end up pixellated.
 
3 0
3 years ago
Tyrell Company issued callable bonds with a par value of $24,000. The call option requires Tyrell to pay a call premium of $500
Wittaler [7]

Answer:

case 1)

bonds payable    24,000

loss on retirement 5,000

        discount on BP           4,500

       cash                           24,500

case 2)

bonds payable    24,000 debit

premium on BP      1,000 debit

        gain on retirement        500 credit

       cash                           24,500 credit

Explanation:

we are going to write off the bonds payable and their discount account

we also debit the cash account for the amount of cash outlay to retire the bond

the difference between cash and the carrying value will be the loss on retirement when lower

and a gain on retirement when higher.

case 1)

carrying value              19,500

total cash outlay        (24,500)

loss on retirement       (5,000)

case 2)

carrying value              25,000

total cash outlay         (24,500)

gain on retrement             500

3 0
3 years ago
Pension funds pay lifetime annuities to recipients. If a firm will remain in business indefinitely, the pension obligation will
Solnce55 [7]

Answer:

Duration of liability (perpetual) = (1 + y) / y

= (1 + 17.5%) / 17.5%

= 6.71

Value of liability = Cash Flow / yield

= $3.5 million / 17.5%

= $20 million

a. Assume you invest w in 5-year bond and 1-w in 25-year bond such that the duration of the portfolio is 6.71

6.71 = w x 4 + (1 - w) x 16

w = (16 - 6.71) / (16 - 4)

w = 77% in 5-year bond

1 - w = 28% in 25 year bond

Market Value of 5 year bond = 77% * $20 million = $15.4 million

Market Value of 20 year bond = 23% * $20 million = $4.6 million

b. Market Price of 20 year bond can be calculated using PV function on a calculator

N = 25, I/Y = 17.5%, PMT = 9, FV = 100

Price = Present Value (25,17.5%, 9 ,100)

Price = 52.29042644

Price = $52.30

Par Value of 25 year bond = Market Value /% Price

Par Value of 25 year bond = $4.6 million / 50.83%

Par Value of 25 year bond = $9,049,774

6 0
2 years ago
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