Answer: $2240
Explanation:
The money supply simply refers to the total volume of money that is held by the public at a certain point in time. The value of M1 in this country will be calculated thus:
= Federal Reserve Notes in circulation + Coins in circulation + Checkable deposit
= $700 + $40 + $1500
= $2240
Therefore, M1 is $2240
Answer:
Production= $353,500
Sales= $151,500
Explanation:
Giving the following information:
The annual cost of computer services is $505,000.
The production department employs 35 employees, and the sales department employs 15 employees.
First, we need to calculate the proportion of employees in each department:
Production= 35/50= 0.7
Sales= 15/59= 0.3
Now, we can allocate overhead:
Production= 505,000*0.7= $353,500
Sales= 505,000*0.3= $151,500
Answer: Please refer to Explanation
Explanation:
All these transactions belong to the Financing Section of the Cash Flow statement. This section deals with cash inflows and outflows resulting from debt issuance, dividend payments and share issuance or repurchase.
The following shows how the above transactions are to be recorded,
Cash Received from Issuing Common Stock = Cash flows from Financing Activities = $600,000
Cash received from Issuing Bonds = Cash flows from Financing Activities = $400,000
Cash Paid for Dividends = Cash flows from Financing Activities = -$60,000
Minis signs are to be used to indicate cash outflows, cash payments and decreases in cash hence the dividends being -$60,000.
Answer:
A.
Explanation:
The demand for some of products have a relationship, where the quantity demanded for one product depends somehow on the prices of both.
If two goods are substitutes, an increase in the price of one increases the demand of the other.
The demand for brand A depends on its price and also in the price of its main competitor.
In this case, shotgun-shell and shotgun-shell ammunition are substitutes.