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aliya0001 [1]
3 years ago
6

Millie withdraws $1,000 from her checking account so she can have $1,000 in cash. If no other changes occur, M1 will

Business
1 answer:
IceJOKER [234]3 years ago
4 0

Answer:

M1 will not change

Explanation:

M1 is the money supply that is composed of physical currency , coin, demand deposits, travellers' checks, checking accounts, and negotiable order of withdrawal (NOW) accounts. M1 includes the most liquid of money supply.

Because checking account and cash are both components of M1, there would be no change in M1

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Answer:

Do you have any answer choices?

Explanation:

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3 years ago
Laura says that the present value of $700 to be received one year from today if the interest rate is 6 percent is less than the
Andrews [41]

Answer:

The correct answer is A. Both Laura and Cassie are correct.

Explanation:

Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:

700 x 1.06 = 742

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3 years ago
Which of the following goods is nonrival?
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A tuna in the ocean
6 0
3 years ago
If globalization continues over the next few decades, how might your life be different?
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Answer:

Too much globalization is lack of resources which leads to more disease and death

4 0
3 years ago
Beta Company leased equipment from Summer Industries. The lease agreement qualifies as a finance lease and requires annual lease
Tamiku [17]

Answer:

Total increase in pretax earnings on Summer’s December 31, 2019, income statement is $20,253

Explanation:

Fair value of asset sold on lease = Present value of lease payments = $50,000 * Cumulative PV factor at 6% for 8 periods of annuity due

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Total increase in pretax earnings on Summer’s December 31, 2019, income statement = $310490 - $300,000 + $15,629 - 5866 = $20,253

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3 years ago
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