Black Friday is the day after Thanksgiving in the United States, which has traditionally been a holiday for many workers. Considered to mark the beginning of the holiday shopping season, it typically features significant discounts and special deals.
What is the point of shopping on Black Friday?
In the United States, it typically signals the beginning of the Christmas shopping season. Many stores hold heavily advertised sales at reduced prices and frequently open early, sometimes even before midnight on Thanksgiving.
What is it about Black Friday that makes customers so excited?
It is well-known for slashing prices in both online and offline stores, resulting in an increase in consumer spending. Typically, Black Friday marks the beginning of the holiday shopping season. You may have heard stories about the chaos that occurs in physical stores.
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Answer:
D) A multiple contraction of the money supply greater than the amount of the securities sold.
Explanation:
When the fed sells securities in the open market, it obtains dollars, and keeps those dollars from circulating, in other words, in reduces the money supply.
The contraction in the money supply is greater than the amount of securities sold because of the money multiplier.
When the fed sells securities, it reduces the monetary base, which is equal to:
B = C + D
Where:
B = Monetary base
C = Cash in hands of the public
D = Demand deposits
And the money supply is equal to:
M = m x B
Where:
M = money supply
m = money multiplier
B = Monetary base
Because of the money multiplier, any contraction or expansion in the monetary base has a multiplying effect in the money supply.
Answer:
1. not a competitive market
2. not a competitive market
3. competitive market
4. not a perfectly competitive market
Explanation:
To answer this question, i will first start by explaining what a competitive market is and the assumption of a perfectly competitive market as well
A competitive market is a market that has many producers and buyers of a particular product. The producers are usually in a competition to meet up with the needs of the buyers.
some assumptions of the market:
- large sellers/producers
- identical or homogenous goods
- free entry
- no discrimination
- perfect knowledge
a. in this question this is not a competitive market. the reason is simple. It says that there are only two providers of internet. So there are no enough producers or sellers
b. The government has limited entry into this market by giving patent to only one pharmaceutical company.
c. yes this market is competitive since there are many producers of the product and the consumers regard the products as identical or homogenous. this meets with all of the assumptions of a perfectly competitive market.
d. the product here is not homogenous or identical as this is not a perfectly competitive market since buyers would prefer to buy the coffee that tastes better and leave that of the competitors
thank!
Answer and Explanation:
The journal entry are as follows
1. Interest expense $214,650
To Cash $214,650
(Being the first interest payment is recorded)
The computation is shown below
= $4,770,000 × 9% × 6 months ÷ 12 months
= $214,650
For recording this we debited the interest expense as it increased the expenses while on the other hand the cash is paid which reduced the cash balance so it is credited
2. Cash $530,000
To Bond payable $530,000
(Being the cash sale of bond is recorded)
For recording this we debited the cash as cash is received that increased the cash balance and at the same time we credited the bond payable
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The statement "<span>A profit-and-loss statement is a financial document that shows a company's income and expenses." is true</span>
