Most common forms of financial exchange

What happens to the Purchasing Power of Money, Prices and the Nominal Rate of Interest in CASE 1: the case of an increasing supp

velikii [3]

Answer:

Case 1: The purchasing power of money will decrease, prices will increase and nominal interest rate will decrease.

Case 2: The purchasing power of money will increase, prices will decrease and nominal interest rate will increase.

Case 3: The purchasing power of money will increase, prices will decrease and nominal interest rate will increase.

Case 4: The purchasing power of money will decrease, prices will increase and nominal interest rate will decrease.

Explanation:

Case 1: The purchasing power of money will decrease, prices will increase and nominal interest rate will decrease.

Case 2: The purchasing power of money will increase, prices will decrease and nominal interest rate will increase.

Case 3: The purchasing power of money will increase, prices will decrease and nominal interest rate will increase.

Case 4: The purchasing power of money will decrease, prices will increase and nominal interest rate will decrease.

3 0

2 years ago

How do office assistants show enthusiasm?

sammy [17]

Answer:

I think things you can do to show enthusiasm are:

1. showing in your work (even if it is not your favorite)

2. Think on the bright side.

3. Smile, sit up straight, make eye contact with co-workers, and talk in a upbeat manner.

Hope this helps!!!

7 0

3 years ago

McGill and Smyth have capital balances on January 1 of $56,000 and $36,000, respectively. The partnership income-sharing agreeme

Step2247 [10]

Answer: capital accounts distribution

DETAILS McGill Smyth total remaining

opening balance $56000 $36000

net income $90000 $90000

salaries $24000 $12000 -$36000 $54000

interest @ 10% $5600 $3600 -$9200 $44800

Profit share 70 : 30% $31360 $13440 -$44800 $0

closing balance $116960 $65040

DETAILS McGill Smyth total remaining

opening balance $56000 $36000

net income $30000 $30000

salaries $24000 $12000 -$36000 - $6000

interest @ 10% $5600 $3600 -$9200 -$15200

loss share 70 : 30% -$10640 -$4560 +$15200 $0

closing balance $74960 $47040

JOURNAL ENTRIES

1 . Debit partnership summary income account $90000, credit capital accounts McGILL ; salary 24000, interest on capital 5600, profit share 31360. Symth ; salary 12000, interest on capital 3600, profit share 13440

2 . Debit Partnership summary income account 30000 , credit Capital accounts McGill : salary 24000 , Smyth : 12000 , Interest on capital account McGill : 5600, Smyth 3600.

for loss sharing journal

Debit Capital accounts McGILL 10640, Smyth 4560 , Credit partnership summary account 15200

Explanation:

6 0

3 years ago

Read 2 more answers

Journalize the entries to record the following:

zlopas [31]

Answer: Please see below

Explanation:

a. Journal to record the entry to establish the petty cash fund.

Account Particulars Debit Credit

Petty Cash $750

Cash $750

b. Journal to record the entry to replenish the petty cash fund.

Account Particulars Debit Credit

Office Supplies $248

Misc Selling Expense $212

Miscellaneous administrative expense, $96.

Cash Short and Over $18

Cash $574

To calculate Cash Short and Over= $750-(248+212+ 96)= 750 -556= $194

but the money in the pettycash fund On April 1 is $212.

therefore Cash short and over = $212-$194 = $18

3 0

3 years ago

In order to increase the capital stock, society must divert ______ that could be otherwise used to increase the supply of _____

mr_godi [17]

In order to increase the capital stock, society must divert resources that could be otherwise used to increase the supply of consumer goods.

Consumer goods:

Consumer and capital goods are the two main categories of products produced in the economy, and if capital stock has to rise, resources for capital goods must also rise, reducing the supply of consumer goods.
Customer goods are items that the typical consumer purchases for consumption. Consumer goods, also known as final goods, are the products of production and manufacture and are what shoppers will find placed on store shelves. Consumer goods include items like jewelry, clothing, and food.
Any tangible good produced and later purchased to satiate the buyer's present requirements and perceived wants is referred to as a consumer good in economics. Durable, nondurable, and services are the three subcategories of consumer products.
Consumer products can be divided into four categories. They are shopping items, specialty items, convenience items, and unanticipated items.

Learn more about consumer good here brainly.com/question/23107379

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3 0

1 year ago