Answer:
$5,300
Explanation:
The computation of maintained balance is shown below:-
Total amount = Opening Balance + Cash Receipts - Cash Disbursement
= $10,600 + $31,400 - $37,300
= $42,000 - $37,300
= $4,700
In order to maintain a balance of $10,000, it needs to borrow = $10,000 - $4,700
= $5,300
Therefore to maintain a balance of $10,000, it needs to borrow $5,300
Answer:
Option A. real GDP and the price level.
Explanation:
Option “A” is correct because the change in money supply (say increase) will decrease the interest rate and that will result in an increase in investment and more investment will generate more jobs and more money in consumers’ hands. Thus, they will stimulate the spending and aggregate demand will increase. Resulting in the rise in price and rise in real GDP. therefore, option A is right.
Inventory turnover = Cost of goods sold / Average Inventory
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
= ($20,000 + $40,000) / 2
= $30,000
Inventory turnover = $360,000 / $30,000
= 12 times.