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3 years ago

The money supply includes all of the following EXCEPT

Business

1 answer:

Zanzabum3 years ago

7 0

Answer:

The correct answer is (C) lines of credit accessible with credit cards.

Explanation:

It is important to recognize that demand deposits are not automatically part of the money supply by virtue of their own existence; they continue to be equivalent to money as long as the subjective estimates of the sellers of goods in the market think they are so equivalent and accept them as such in return.

All economists, of course, include standard money in their money supply concept. The rationale for including demand deposits is that people believe that these deposits can be exchanged in standard sight money, and therefore treat them as equivalent, accepting the payment of demand deposits as a substitute for payment. cash. But if demand deposits must be included in the money supply for this reason, it follows that any other entity that follows the same rules must also be included in the money supply.

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Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-202

Zina [86]

Answer:

dividends 55.5 million debit

dividends payable 55.5 million credit

--Nov 1st, 2021--

dividends payable 55.5 million debit

cash 55.5 million credit

dividends 2,600,000 debit

dividends distributable 2,600,000 credit

--March 1st--

dividends distributable 2,600,000 debit

Warner Securities 2,300,000 credit

Gain on Investment 300,000 credit

--April 5th--

dividends 119.88 million debit

cash 11.88 million credit

common stock 18 million credit

additional paid-in CS 90 million credit

dividends 58.5 debit

Dividends Payable 58.5 credit

--Nov 1st

Dividends payable 58.5 million debit

cash 58.5 million credit

--Dec 1st--

e) NO ENTRY REQUIRED

dividends 61.425 debit

Dividends Payable 61.425 credit

--Nov 1st

Dividends payable 61.425 million debit

cash 61.425 million credit

--Dec 1st--

Explanation:

a) 111 millions shares x $0.50 = $55.5 millions

111 millions x $18 per share x 6% = 119.88 millions

660,000 x $18 = 11.88 millions

net: 119.88 - 11.88 = 108 millons on shares

$108 millons / $18 per share = 6,000,000 shares

111 + 6 new shares = 117 shares

$117 x $0.50 = $58.5 millons

f) 3-2 split gives 3 shares for every 2 shares

117 x 3/2 = 175.5 millons

175.5 millions x 0.35 per share = 61.425 million cash dividends

7 0

3 years ago

If Vickers Company issues 5,000 shares of $5 par value common stock for $175,000, A. Paid-In Capital in Excess of Par will be cr

Sindrei [870]

Answer:

option A is correct

Paid-In Capital in Excess of Par will be credited for $150,000

Explanation:

Given data

share = 5000

share value = $5 / common stock

cash = $175000

to find out

find the option which is correct

solution

we know here we have cash value $175000

and

total common stock is = share × share value

total common stock =5000 × 5

total common stock value is $25000

so paid capital in excess = cash - total common stock value

paid capital in excess = 175000 - 25000

paid capital in excess is $150000

so option A is correct

Paid-In Capital in Excess of Par will be credited for $150,000

4 0

3 years ago

You want to have $66,000 in your savings account 9 years from now, and you're prepared to make equal annual deposits into the ac

mixer [17]

Answer:

the amount that need to be deposited each year is $7,166.28

Explanation:

The computation of the amount that should be deposited each year is shown below:

Given that

FV is $66,000

NPER is 9

RATE is 6.9% ÷ 12 = 0.575%

PV is 0

The formula is shown below:

= PMT(RATE,NPER,PV,-FV,TYPE)

AFter applying the above formula, the amount that need to be deposited each year is $7,166.28

5 0

3 years ago

Which of the following products probably accounted for by a company using a job order costing system? A) facial tissue B) Hershe

natka813 [3]

Answer: D) A custom built house

Explanation:

Job Order Costing determines the cost of each specific good instead of grouping them all together. When making goods that vary in type, this is the best type of costing method to use as it will take into account the unique cost objects used.

Custom built houses will require cost objects that are different from standadized houses. A specific design will have to be used, non standard material and the like will be used as well. This means that when computing cost, it will have to be specific to the needs of the custom house so it is most probable that Job Order Costing was used.

5 0

4 years ago

For an interest rate of 12% per year compounded continuously, find (a) the nominal rate per year, (b) the nominal rate per quart

zhuklara [117]

Answer:

a.12% per annum

b.12% per annum

c. 12.55% per quarter

d. 12.68% per month

Explanation:

a. The nominal Rate is the base rate per compounding which in this case is 12% which is the base rate charged.

b.the nominal rate per quarter is 12 % because nominal interest rate is the base interest rate which means it is the given rate used as reference to calculate other rats.

c.The effective interest rate is calculated as follows by using the formula"

ieffective = (1+ inom/n)^n -1

where ieffective is the effective interest rate we are looking for per quarter.

inom is the nominal interest rate given which is 12%.

n is the number of periods per compounding so in this case 4 which is quarterly therefore we substitute the values to the formula above.

i effective= (1+12%/4)^4 -1 the we compute

i effective = 0.1255 x 100 then we multiply by 100 to convert to percentage.

therefore ieffective = 12.55% per quarter.

d. we calculate the effective interest rate per month using the above mentioned formula for effective interest rate:

ieffective = (1+ inom/n)^n -1

ieffective = (1+ 12%/12)^12 -1 we compute with a calculator

ieffective = 0.1268 then we multiply by 100.

ieffective = 12.68% compounded monthly

7 0

3 years ago