Answer:
Direct, upward sloping
Explanation:
Supply refers to the quantities of goods or services that firms are willing to sell to the markets are a specific price. As per the law of supply, an increase in prices leads to an increase in the quantity supplied. Therefore, the relationship between the price and quantity supplied is direct. Firms prefer to supply more products to the markets at higher prices because they will make more profits.
The supply curve is a graphical presentation of the relationship between price and quantity supplied. The supply curve is upward sloping. It originates from the bottom left corner, showing how quantities vary along the curve at different prices. Quantity supplied increases as the price rise.
Answer:
Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:
1) Foreign investors will avoid the country.
2) Money losses value very fast causing an increase in the prices of goods and services.
3) The economy becomes unstable making the the government leaders to loose credibility.
Explanation:
The type of inflation that gets as high as 8% or 10% is called Galloping inflation.
Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:
1) Foreign investors will avoid the country.
2) Money losses value very fast causing an increase in the prices of goods and services.
3) The economy becomes unstable making the the government leaders to loose credibility.
Answer:
Reserves & Checkable deposits will equal to $36,000 and $106,000
Explanation:
The amount of checkable deposits is given $120,000 on the liabilities side. So, the withdrawal and clearance of check worth $14,000 will lead to a decline in the number of checkable deposits by $14,000. As a result, the remaining amount of checkable deposits will equal to $106,000 ($120,000 - $14,000).
To maintain the balance on asset & liabilities side of the balance sheet, the asset side will also reduce by $14,000. $14,000 will be deducted from the reserves of the bank. As a result, the remaining amount of reserves is equal to $36,000 ($50,000 - $14,000).
Answer:
Explanation:
The journal entry is shown below:
Inventory A/c Dr $73,500
To Accumulated depletion A/c $73,500
(Being the depletion is recorded)
The computation is shown below
First we have to compute the depletion per ton which is shown below:
= (Acquired cost of coal mine + Intangible development costs + fair value of the obligation - Sale value) ÷ (Number of estimated tons of coal extracted)
= ($400,000 + $100,000 + $80,000 - $160,000) ÷ (4,000 tons)
= $105
Now if 700 are extracted in first year, so the depletion would be
= 700 × $105
= $73,500
Options:
[A] The new client is a personal friend of the RR who will be in charge of overseeing the new account.
[B] The new client agrees to provide a real address of a home or business, even though he insists that all correspondence be sent to the P.O. Box.
[C] The new client submits a written statement stating that for convenience purposes, he only uses a P.O. Box for all correspondence.
[D] The new client tells the RR and the BOM that he has not yet established a place of residence in the area and that the P.O. Box is the only fixed address he can give.
Answer:
B
Explanation:
Unless the new client provides a real address (either home or office), the account cannot be opened. FINRA regulations do not consider a P.O. Box as an acceptable residential address. The RR can send all the correspondence to the P.O. Box if the client requests it, but the client must still provide a real home or business address.
