Answer:
$1.25
Explanation:
According to the quantity theory of money
money supply x velocity = real gdp x price
7 x 60 = 336 x p
p -1.25
velocity measures how fast money changes hand in the economy
real GDP is gdp adjusted for inflation
Answer:
Returned goods
Explanation:
The returned goods process is the process in which the goods are returned due to several reasons i.e damaged of the product, demand lacking, the customer is not satisfied with the product as the company does not meet the customer demand to the level of their expectation
Therefore this process we called returned goods
And this is the answer but the same is not presented in the given options
Goods made domestically and than sent to other countries and sold are called exports
Answer:
Interest Expense $39,600
Cash Flow from Operating Activities $39,600
Explanation:
Payment of Interest Expense is the cash expense paid during the year which is deducted from the operating profit in the calculation of net income which is used to determine the cash flow from operating activities.
Interest on the Bond = $660,000 x 6% = $39,600
At the time of payment Journal Entry will be as follow
Dr. Interest Expense $39,600
Cr. Cash $39,600
As the cash is paid against the operating activities.
