Answer:
The answer may be a, as Starbucks has been copied many times over.
Answer: The answer is as follows:
Explanation:
M1 = Currency with public + Checkable deposits + Other deposits with RBI
M2 = M1 + Post office savings deposits
Currency held by the public and Checkable deposits are the components of M1.
Whereas savings deposits, Money market mutual funds held by individuals and Small time deposits are the components of M2.
We know that all the components of M1 are also the components M2.
∴ The items are included in the M2 money supply but not the M1 money supply are as follows:
Item 1 - Money market mutual funds held by individuals
Item 2- Savings deposits, including money market deposit accounts
Item 5 - Small time deposits
Answer:
$210,000
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
( $360,000 - $60,000) / 8 = $37,500
Depreciation expense each year of the useful life would be $37,500.
Book value in 2023 = Cost of asset - accumulated deprecation
There are 4 years between January 1, 2019 and January 1, 2023.
Accumulated depreciation = $37,500 x 4 = $150,000
Book value = $360,000 - $150,000 = $210,000
I hope my answer helps you
To calculate the accrued interest:
Just multiply the interest rate by the balance to determine the annual interest expense. Divide the annual interest expense by 12 to calculate the amount of interest to record in a monthly adjusting entry.So fotr this problem, if a $15,000 note payable has a 6 percent interest rate, multiply 10 percent, or 0.06, by $15,000 to get $900 in annual interest. Divide $900 by 12 to get $75 in monthly interest.
Therefore, the accrued interest is $75.