Answer: Please refer to explanation
Explanation:
1.
The stock of money people hold to pay unpredictable expenses. <u>Precautionary Motive</u>
The stock of money people hold to take advantage of future changes in the prices of financial assets other than money. <u>Speculative Motive</u>
The stock of money people hold to pay everyday predictable expenses. <u>Transactionary Motive.</u>
<u>2.</u> This is an example of a decrease in Daesun's <u>Transactionary </u>demand for money.
Paying rent is a predictable everyday expense so it is Transactionary.
3. As the interest rate falls, the opportunity cost of holding money <u>falls</u> , and people <u>increase</u> their speculative balances.
The Opportunity cost of holding money falls because people will not be gaining such a high rate of return if they invest due to the lower interest rates so they can hold money with little repercussions. They will increase Speculative balances though to tak advantage when the rates go back up.
Answer:
$67,600
Explanation:
First, find the interest rate on the loan.
Pv = $107,400
Pmt = - $17,500
n = 10
P/Yr = 1
Fv = $0
i = ?
Using a Financial Calculator to input the values as show, the interest rate (i) will be 10.0282 or 10 %
Use the Amort Function to start populating an amortization schedule.
<u>To find the total Interest [Financial Calculator]:</u>
Enter 1 INPUT 10 + SHIFT + AMORT
We get = $67,600 as the total Interest.
Answer:
Cost of goods sold = $820,000
Explanation:
Cost of goods sold represent the amount incurred as direct expenditures on the goods sold. It is measured in cost and cal calculated as follows:
Cost of goods sold = opening inventory + purchases+ freight charges - closing inventory
= 280,000 + 720,000 + 60,000 - 240,000 = 820,000
Cost of goods sold = $820,000
Answer:
There are many advantages in students being exposed to accounting softwares.
-There productivity increases as they can engage in more work in less time
-The accuracy of the accounting process increases as well, mainly lyrics because there is no room for human errors
-the process becomes easier and less time consuming, this makes accounting less complicated and more attractive as a subject for the students
Explanation: