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Gnom [1K]
3 years ago
11

Irving Fisher took the view that the institutional features of the economy which affect velocity change ________ over time so th

at velocity will be fairly ________ in the short run.
A) rapidly; erratic
B) rapidly; stable
C) slowly; stable
D) slowly; erratic
Business
1 answer:
9966 [12]3 years ago
8 0

Answer:

C) slowly; stable

Explanation:

Velocity is defined as the rate of turnover of money.

Velocity = Nominal aggregate income / money supply

Irving Fisher posited that the factors that affect velocity are institutions that impact how transactions are conducted. According to him, institutional factors that affect the velocity of money change slowly. Therefore, in the short run, velocity is fairly stable.

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On January 1, 20X6, Plus Corporation acquired 90 percent of Side Corporation for $180,000 cash. Side reported net income of $30,
LenKa [72]

Answer:

1)  b) $25,000

2) d. $203,400

Explanation:

1)

Ref                            Particulars                                               Amount

a                            Fair value of entity                               200,000

b                            Total value without patent                       175,000

c=a-b                     Patent                                                       25,000

Therefore,  the increase in the fair value of patents held by Side is;

b) $25,000

Fair value of consideration given:

Ref                               Particulars                                    Amount

                                     Stock                                             0

                                     Cash                                                    180,000

a                               Total consideration                            180,000

b                               Stake acquired                            90%

c=a/b                       Fair value of subsidiary                    200,000

d=100%-b               Minority interest                            10%

e=c*d                       Fair value of minority interest            20,000

On acquisition date

Value of subsidiary without patent

Common stock                   100,000

Paid in capital                       -  

Retained earnings                   60,000

Fair value adjustment:  

Patent                                      -  

Equipment                           10,000

Land                                    5,000

Fair value without patent   175,000

2)

Particulars                                      Investment

Acquisition date                              180,000

Add: share of net income              54,000

Less: Dividends                              18,000

Less: Fair value amortization      12,600

Balance Jan 1, 20X8                      203,400

{Share of earnings for 2 years = 30,000 × 2 × 90% = 54,000 }

{Share of dividends for 2 years = 10,000 × 2 × 90% = 18,000 }

{Fair value amortization for 2 years = 7,000 × 90% × 2 = 12,600}

Therefore Balance as at Jan 1, 20X8 is

d) $203,400

5 0
3 years ago
A machine costs $260,000 to purchase and will provide $60,000 a year in benefits. The company plans to use the machine for 12 ye
MaRussiya [10]

Answer:

$133,828.98  

Explanation:

The computation of the net present value is shown below:

Year Cash flows Discount factor Present value

0 $260,000.00               1                         $260,000.00 (A)

1 $60,000.00         0.9009009009 $54,054.05

2 $60,000.00        0.8116224332            $48,697.35

3 $60,000.00        0.7311913813            $43,871.48

4 $60,000.00        0.6587309741          $39,523.86

5 $60,000.00        0.5934513281          $35,607.08

6 $60,000.00        0.5346408361       $32,078.45

7 $60,000.00         0.4816584109        $28,899.50

8 $60,000.00         0.4339264963        $26,035.59

9 $60,000.00         0.3909247714        $23,455.49

10 $60,000.00         0.3521844788        $21,131.07

11 $60,000.00         0.3172833142          $19,037.00

12 $75,000.00         0.2858408236        $21,438.06

Total present value                                     $393,828.98  (B)

Net present value                                   $133,828.98     (B - A)

The discount is come from

= 1 ÷ (1 + rate) ^ years  

4 0
3 years ago
. The budgeted amount of raw materials to be purchased is determined by: A. Adding the desired ending inventory of raw materials
pashok25 [27]

Answer:

C. Adding the desired ending inventory of raw materials to the raw materials needed to meet the production schedule and subtracting the beginning inventory of raw materials.

Explanation:

In a budget workflow for raw materials, the relationship between the opening  balance, purchase, requirement for production and ending balance may be stated as

opening + purchases - required = closing balance

Hence the raw materials to be purchased

purchases = closing balance + required - opening

C. Adding the desired ending inventory of raw materials to the raw materials needed to meet the production schedule and subtracting the beginning inventory of raw materials.

7 0
3 years ago
Read 2 more answers
Lueretained Attorney to appeal Lue's criminal conviction and to seek bail pending appeal. The agreed upon fee for the appearance
mariarad [96]

Answer:

The attorney should write a check to Lue for $500 and leave the rest of the money ($800 - $500 = $300) in the Clients' Fund Account. He also has to explain Lue that his legal fees were $300 (= $50 per hour x 6 hours) and resolve that matter with him.

The client is responsible for paying his legal fees whether he wins or losses a case unless some other specific arrangement was made.

8 0
3 years ago
_____ tell people symbolically what the organization wants them to do and how it expects them to do it. Group of answer choices
Naddika [18.5K]

Option 4 is the answer. Rituals tell people  symbolically what the organization wants them to do and how it expects them to do it.

<h3>What does rituals mean?</h3>

This is the term that is used to refer to the habitual happenings that are expected in an organization.

The word is used to express the system that has been used over time in the working place till it became a habit.

<h3>Complete question</h3>

_____ tell people symbolically what the organization wants them to do and how it expects them to do it.

Heroes

Myths

Norms

Rituals

Read more on Ritual here:

brainly.com/question/8629563

#SPJ1

4 0
2 years ago
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