The real money demand is equal to $2,60,000
Money demand/ P = 1000+0.2Y -1000i
Money demand/200= 1000+0.2(2000)-1000(0.1)= 1000+400-100
=1300
Money demand /200 = 1300
Money demand = $1300*200
= $2,60,000
Money demand is the demand for real cash balances as people hold onto money to purchase goods and services. The higher the price level, the more money you need to buy a certain amount of goods.
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The important consideration for this company is that they
should think or have at least the idea of the patents, trade secrets and
copyrights are being treated differently by the countries in which is one way
of helping them of how they should struggle or do their way of doing things.
The adjusting entry to record accrued interest on a note payable requires a debit to Interest Expenses and a credit to Interest Payable. Interest payable is an ongoing duty account that is used to report the amount of interest that has been obtaining but has not yet been paid as of the date of the balance sheet.
Answer:
b. $2,616
Explanation:
Missing word <em>"Total receipts for February amounted to $46216. If the sales tax rate is 6%, what amount must be remitted to the state for February's sales taxes? O $2773 O "</em>$2616 O $2608 O It cannot be determined.
Sales tax = Total receipt * Tax rate
Sales tax = Total receipt * 6/106
Sales tax = $46,216 * 6/106
Sales tax = $2,616
So, the amount that must be remitted to the state for February's sales taxes is $2,616.
Answer:
$525
Explanation:
Given that,
Each specialized bike purchased includes free maintenance service for 12 months,
Price of the specialized bike = $700
When sold separately,
Maintenance contract = $200
Comparable but non-specialized bike = $600
Total value = $200 + $600
= $800
The whole price of the specialized bike will be based on the ratio of maintenance contract and the individual prices of non specialized bikes.
Revenue from the sale of bike:
= Price of the specialized bike × (Price of non specialized bike ÷ Total amount)
= $700 × ($600 ÷ $800)
= $700 × 0.75
= $525
