Answer:
D) M2 is the best definition of money as a medium of exchange.
Explanation:
M2 includes all M1 plus some broader types of money which represent near money such as savings accounts, money market securities, mutual funds, small denomination time deposits (CDs worth less than $100,000). These are classified as ear money because they can be easily and quickly converted into currency (cash) or checking account deposits.
Answer:
$241,500
Explanation:
Calculation for What amount should Sunland report as its December 31 inventory
December 31 inventory per physical count $190,500
Add Goods-in-transit purchased FOB shipping point $29,000
Add Goods-in-transit sold FOB destination $22,000
December 31 Inventory $241,500
($190,500 + $29,000 + $22,000 = $241,500)
Therefore What amount should Sunland report as its December 31 inventory is $241,500
Answer:
b.$0
Explanation:
As we know that
When there is a temporary discrepancy between financial income and taxable income a deferred tax benefit or liability occurs. Temporary difference means an benefit or cost with respect to treatment that has just a timing gap.
Moreover, the Premium on officer's life insurance is tax deductible i.e $15,000 as it is paid by the company due to which difference arise between the financial and taxable income.
And,
Interest received on municipal bonds $20,000 are mostly exempt from federal income tax.
Therefore, it shows no such difference as it indicates the permanent difference
Answer:
In general, China, Russia and Germany are three big countries; the automobile company will get benefits if it chooses any of the three countries, but it also faces some challenges. It is well known in Germany that the automobile industry is very powerful. If the company chooses to invest in Germany, it will face numerous competitors. Also, in Russia, the trade barriers will be obstacles for the entry of the automobile company. However, with China's low cost labor and large potential domestic market make it an attractive destination for the direct foreign investment.
Explanation:
