All of the following are basic requirements for a fulfilling career except:

Which of the following statements is incorrect?

DedPeter [7]

Answer:

E. All information systems support businesses.

Explanation:

All information systems do not support businesses because it's there's many types of information systems such as Executive Support Systems , Management Information Systems (MIS), Decision Support Systems , Knowledge Management Systems , Transaction Processing Systems and Office Automation Systems and it depends on the purpose of that information system in particular, whether it supports businesses or not

4 0

3 years ago

Assume there is an economy with a single bank, and the central bank sets the reserve requirement ratio at 5%. Assume also that t

Elza [17]

Answer:

An Economy with a Single Bank

a. The amount of required reserves = $100

The amount of actual reserves = $100

The amount of excess reserves = $0.

b. The total amount of loans, deposits, and money in the economy

= $40,000

c. The size of the money multiplier for this economy

= 20

Explanation:

a) Data and Calculations:

Reserve requirement ratio = 5%

Customer's deposit = $2,000

Amount of required reserves

= Initial deposits multiplied by reserve ratio

= $100 ($2,000 * 5%)

Actual reserves = $100

Excess reserves = $0

Total amount of loans, deposits, and money in the economy

= Initial Deposits/Reserve Ratio

= $40,000 ($2,000/0.05)

The size of the money multiplier for this economy = Total money supply in the economy divided by the initial money deposits

= $40,000/$2,000

= 20

b) The Money Multiplier refers to how the initial deposit of $2,000 leads to a bigger final increase in the total money supply of $40,000. It means that the money multiplier is 20 or that the initial deposit of $2,000 has multiplied by 20 to $40,000.

8 0

3 years ago

When will a minimum wage be an effective price control? When it is a ________a. Maximum "price" that is above the equilibrium pr

labwork [276]

Answer:

c. Minimum "price" that is above equilibrium price

Explanation:

if the minimum wages is below equilibrium then it will be ineffective as there wasn't any agent willing to trade his labor at this rate.

The minimum wages must be placed above equilibrium to be effective. This will force both, laborers who were willing to work for less and employees whose intention were to pay less than minimum to trade at minimum wage.

5 0

3 years ago

If the Japanese yen–U.S. dollar exchange rate is ¥104.30/$, and it takes 25.15 Thai bahts to purchase 1 dollar, what is the yen

S_A_V [24]

Answer:

4.15 Yen per 1 Thai bahts

Explanation:

Given a Yen (Y) to USD ($) Price of 104.30, and a Thai bahts (T) to USD price of 25.15. We derived the following.

$\frac{Y}{USD} = 104.30$

$\frac{T}{USD} = 25.15$

USD to Thai bahts = $\frac{USD}{T} =\frac{1}{25.15}$

Therefore, Yen to baht = $\frac{Y}{USD} *\frac{USD}{T}$

= $104.30 * \frac{1}{25.15}$

= 104.30/25.15

= 4.15 Yen per Thai bahts

6 0

4 years ago

The Coca-Cola Company owns 32 percent of the voting stock of Coca-Cola FEMSA, acquired at book value. Assume that Coca-Cola FEMS

hichkok12 [17]

Answer:

December 31, 2013, revenue from investment in Coca Cola FEMSA

Dr Investment in Coca Cola FEMSA 1,635,000

Cr Investment revenue 1,635,000

Explanation:

Under the full equity method, when Coca Cola FEMSA reports net income, the investment account will increase in a proportional way, and that increase is considered investment revenue.

E.g. Coca Cola Company owns 32% of stocks and reported net income is $5,000,000, so investment revenue = $5,000,000 x 32% = $1,600,000

But we must also include any realized/unrealized profits on intercompany transactions:

realized profits = markup x January 1 inventories = 35% x ($1,350,000 - $1,350,000/1.35) = $350,000

unrealized profits = markup x December 31 inventories = 35% x ($1,215,000 - $1,215,000/1.35) = $315,000

total investment revenue = % of net income reported + realized profits - unrealized profits = $1,600,000 + $350,000 - $315,000 = $1,635,000

The journal entry should be:

December 31, 2013, revenue from investment in Coca Cola FEMSA

Dr Investment in Coca Cola FEMSA 1,635,000

Cr Investment revenue 1,635,000

3 0

3 years ago