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-Dominant- [34]
3 years ago
6

If the currency in circulation is $100 million, checkable bank deposits are $500 million, savings deposits are $300 million, and

traveler's checks are $10 million, then M1 is:__________
Business
1 answer:
andreyandreev [35.5K]3 years ago
4 0

Answer: $610 million

Explanation:

M1 includes currency in circulation, checkable bank deposits and traveler's checks.

M1 = $100 million + $500 million + $10 million = $610 million

Savings deposits is part of M2

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On December 1, Year 3 Walton Company paid $3,600 cash for office space to be used during the coming year. This event is_________
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Answer:

christmas party

Explanation:

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3 years ago
Phoenix Guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and
jok3333 [9.3K]

Answer:

Option A

Explanation:

In simple words, Regardless of the expense of making guitars, the technique reduces the total cost of manufacturing a instrument. Phoenix would be in the production business of instruments, not pickups.

The target of this technique is therefore the entire guitar, not really the pickups. The smaller the process of manufacturing their instruments, the better manoeuvrability they have on the market. When they have reduced costs, they may change rates downwards in order to capture further market penetration.

5 0
3 years ago
In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was
Cerrena [4.2K]

Answer:

Real income has increased by $720 in terms of dollar and 2% in percentage

Explanation:

<em>The real income is determined by adjusting the nominal income for inflation. The consumer price index (CPI) is used to measure the rate of inflation.</em>

R<em>eal income = Nominal income × CPI Base year/ CPI in current year</em>

Real Income =         32000 × 120/125

                                =$30,720

Change Real income

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Real income has increased by $720 in terms of dollar and 2% in percentage

                     

3 0
3 years ago
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An offer. -- they had this

An acceptance. -- the contract was accepted

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Lawful subject matter. this is not an illegal operation

Mutuality of obligation. Both parties are obligated to do something in this case.

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4 0
3 years ago
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Alexeev081 [22]

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The book All Aspects of the Business/Organization lists nine characteristics that apply to all businesses. The book All Aspects of the Business/Organization lists nine characteristics that apply to all businesses. For success, learners should practice and comprehend the related ideas and abilities.

To learn more about business, click here.

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5 0
1 year ago
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