Answer:
Question 1)
Decrease in money supply = Decrease in checking account / Required reserves ratio
Decrease in money supply = $25,000 / 0.05
Decrease in money supply = $500,000
NOTE: As per Answering Policy, first question is answered.
Explanation:
Question 1)
Decrease in money supply = Decrease in checking account / Required reserves ratio
Decrease in money supply = $25,000 / 0.05
Decrease in money supply = $500,000
NOTE: As per Answering Policy, first question is answered.
 
        
             
        
        
        
Answer:
25 Days
Explanation:
Average Account receivables: 
= (Accounts receivables, beginning of year + Account receivables, end of year) ÷ 2
= (45,000 + 35,000) ÷ 2 
= 40,000
Account Receivables Turnover = Net Sales on Account ÷ Average Account Receivables  
Account Receivables Turnover = 584,000 ÷ 40,000 
                                                     = 14.6 times
No. of Days Sales in Accounts Receivables: 
= No. of Days in a year ÷ Account Receivables Turnover
= 365 ÷ 14.6 
= 25 Days
 
        
             
        
        
        
A perfectly competitive firm will be willing to produce even at a loss in the short run, as long as the loss is no greater than its total variable costs.
 Variable costs are expenses that vary in proportion to the volume of goods or services that a business produces. A variable cost is an ongoing cost that changes in value according to factors like sales revenue and output. Variable costs include labor, raw materials, etc.
Variable costs are costs that change as the volume changes. Examples of variable costs are raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging supplies, and credit card fees.
learn more about Variable costs here
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Answer:
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- <u><em>Option C. $105,608.11</em></u>
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Explanation:
Basis:
- Interest compounded monthly
- rate = 0.021/12 = 0.00175
1. Year 1:
All the figures in dollars.
- Initial balance: 0
- Initial balance + interest = 0
- Deposit at the end of the year: 23,500
- Final balance: 23,500
2. Year 2:
All the figures in dollars.
- Initial balance: 23,500
- Initial balance + interest: 23,500 (1 + 0.00175)¹² = 23,998.28
- Deposit at the end of the year: 24,500
- Final balance: 24,500 + 23,998.28 = 48,498.28
3. Year 3:
All the figures in dollars.
- Initial balance: 48,498.28
- Initial balance + interest: 48,498.28(1 + 0.00175)¹² = 49,526.60
- Deposit at the end of the year: 26,500
- Final balance: 26,500 + 49,526.60 = 76,026.60
4. Year 4:
All the figures in dollars.
- Initial balance: 76,026.60
- Initial balance + interest: 76,026.60(1 + 0.00175)¹² = 77,638.62
- Deposit at the end of the year: 28,000
- Final balance: 28,000 + 77,638.62 = 105,638.62
Assuming differences in rounding intermediate values, the answer is the option C.