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3 years ago

In recent times, the value of "currency" as well as "checkable deposits" was about $___________ billion each.

Business

1 answer:

Varvara68 [4.7K]3 years ago

3 0

Answer:

As of December 2019, the total amount of currency in the US economy was $1,700 billion, while total checkable deposits as of December 2019 was $2,300 billion.

Explanation:

Total M1 money supply in the US economy as of December 2019 was $4 trillion (as stated by the federal reserve)

M1 money supply includes checkable deposits, paper bills and coins (currency) and travelers' checks.

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A company anticipates monthly sales of $300,000 for the months of April, May, June, and July. Materials represent 50% of sales,

Vlada [557]

The company's total cash payments in May is $195,500 and this can be determined by preparing a cash budget.

<h3>What is a cash budget?</h3>

A cash budget is a company's estimation of its cash inflows and outflows over a specified period of time. A cash budget provides a company with financial insight into its cash requirements, including shortages and surpluses. The preparation of a cash budget helps the company to determine an efficient use of its available cash.

Data and Calculations:

April May June July

Anticipated sales $300,000 $300,000 $300,000 $300,000

Purchases 150,000 $150,000 150,000 150,000

Labor costs 16,000 19,000 16,000 21,000

Fixed overhead 12,000 12,000 12,000 12,000

General and admin. exp. 2,000 2,000 2,000 2,000

Interest expense 2,500

Equipment purchase 10,000

Total cash payments in May $195,500

Thus, the company's total cash payments in May is $195,500.

Learn more about cash budgets at brainly.com/question/8707644

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2 years ago

One approach to organization is putting activities that are similar under one person. ________ called this ""unity of direction.

IgorLugansk [536]

Answer:

Explanation:

One approach to organization is putting activities that are similar under one person. Fayol called this ""unity of direction."" . Fayol was the first person who outlined the functions of management. He has fourteen principles of management; Unity of directions is one of the principle which narrates that One boss, one plan for a group, of activities having the same objective. As unity of direction principle, it leads all the members of the organization towards a common goal to achieve its objective.

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3 years ago

9.To what part of an industry does a worker's education contribute?

laiz [17]

Answer:

human capital

Explanation:

Human capital is the economic value brought by workers' experience and skills. It is the attributes, abilities, and quality of labor to influence a firm's productivity. Human capital is enhanced through education, training, and work experiences.

Human capital is an intangible asset to a business. Human capital is a critical element if a business is to achieve its goals. Due to this reason, companies are always investing in improving the quality of their human capital.

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3 years ago

Suppose the current issue of The New York Times reports an outbreak of mad cow disease in Nebraska, as well as the discovery of

Svetach [21]

Answer:

Price and quantity of chickens sold will increase.

Explanation:

Due to the prevalence of the mad cow disease, demand for cow meat will go down. Since chicken is a substitute for cow meat and there is a breed that grows twice as much with the same feeds, the demand for chicken will rise.

In economics when other factors apart from price changes it results in demand shift. In this instance demand will shift to the right.

As illustrated in the attached diagram, there will be higher quantity demanded at higher prices than before.

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3 years ago

Culver Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2017: Cash $8,220, Land $40,8

Dovator [93]

Answer:

See explanation Section

Explanation:

Culver Corporation

Balance Sheet (Current Asset only)

As at December 31, 2017

Particulars $ $

Cash $8,220

Accounts Receivable $97,530

Less: Allowance for

<u>Doubtful Accounts (4,520) </u> $93,010

Prepaid Insurance $6,040

Inventory $34,900

<u>Equity Investments $13,510</u>

Current Assets $155,680

Note: As equity investment will be sold in the next year, it is shown as current assets. Land and patents are property, plant, and equipment.

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3 years ago