Answer:
Decrease in M1; No effect on M2
Explanation:
Monetary aggregates is as follows:
M1 consists of:
= Currency with the public + Checking/Demand deposits + Other deposits with the RBI
M2 consists of:
= M1 + Post office savings account deposits
Effect on M1:
If a person transfer money from checking account to savings account, so there is a fall in M1 because the amount in checking account is reduced.
Effect on M2:
If a person transfer money from checking account to savings account, then there is a fall in checking account and at the same time there is a rise in the savings account. M1 is a component of M2.
Therefore, there will be no effect on M2.
Answer:
b. Entails striking a balance between financial objectives and strategic objectives
Explanation:
The balance score card is the score card that reflects the performance trend from which the organization will be able to take the acts, decisions accordingly.
This may implement measures for financial as well as strategic. The financial could be in terms of income, past performance, solvency, equity, repayment, etc. While the strategic could be in terms of objectives, setting targets and goals so that the business organisation could able to achieve within their prescribed time
Answer:
The price should be recorded as $167,500
Explanation:
As per the accounting principles, assets should be recorded at the price they were paid for. In case of a purchase, the accountant should record in the books the amount the company paid to acquire the asset. For sales, the amount received from the buyer is the figure to be recorded in the books.
For Reliable Repair Service, there were different prices quoted, but the buyer paid $167,500. It means the company sold the land for $165,000. This is the amount that should be recorded in the books.
I had to look for the options and the answer that best fits the blank provided above is the term NEW-PRODUCT DEVELOPMENT. In the first stage of new product development, what happens here is that ideas are being generated which relates to the further progress of the product.
Answer:
1. $1,540,000
2. $998,200
3. $924,000
Explanation:
1. The computation of the budgeted sales for July is shown below:-
Budgeted sales for July = Number of units × Sale price
= 22,000 × $70
= $1,540,000
2. The computation of expected cash collections for July is shown below:-
Expected cash collection for July = June accounts receivables + July cash sales
= (9,100 × $70 × 60%) + (22,000 × $70 × 40%)
= $998,200
3. The computation of the accounts receivable balance at the end of July is shown below:-
Accounts receivable for July = Number of units × Sale price × Budgeted selling price per unit
= 22,000 × $70 × 60%
= $924,000
