Answer: $400
Explanation:
M1 money supply simply refers to the monies which are liquid like the checkable deposits, traveler's checks, and the coins and currencies that are in circulation.
Therefore, based on the information given in the question, the bank's deposits that are part of M1 will be the $400 in checkable deposit.
Answer:
B) channel funds directly from lenders to borrowers.
Explanation:
The complete financial system is a means by which money is transferred from savers to borrowers. The financial system is made up of banks, insurance companies, financial markets, and other financial institutions that allow the exchange of money.
Financial markets are the only type of institution that allows the exchange of money from lenders to borrowers without third parties being involved.
Answer:
D. Its purpose is to relate the income tax expense to the items which affect the amount of tax.
Answer:
b. generating some kind of social impact
Explanation:
Business ventures are established with a profit motive. The investor risks their resources, time, and efforts in the expectation of making profits. The investor and his or her business manager employ their skills and experiences to ensure that the business is profitable.
Not-for-profit organizations are formed to provide a service to specific members, a section or entire society. They aim at improving the well being of the community by providing essential services. Not for profit organization offer free services or charge a minimum fee. They get funding from members or founders of the organization or may receive donations from institutions and the general public.
Answer:
The break-even point is 130,000 hangers
Explanation:
Break-even point is fixed costs divided by contribution margin per hanger
The fixed costs here is $2600
the contribution margin is computed thus:
Price per hanger $0.20
variable costs ($0.18)
Contribution margin $0.02
The break-even point =$2600/$0.02
=130,000 hangers
The fact that the increase in variable costs cannot be passed to customers implies that the price of the hanger remains $0.20 and the variable cost per unit becomes $0.18 instead of the original $0.16.
The break-even point is the number of hangers to be sold at which no gain or loss is realized.