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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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MrRissso [65]

Answer: Option A

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3 years ago

Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s

Pani-rosa [81]

Answer:

$62,800

Explanation:

Following Garfield Corp's policy, the number of pet beds that must be purchased, assuming no initial inventory, is given by the expected number of sales in March (1,300 units) added to 30% of the expected sales in April (30% of 900 units):

$n=1,300 +(0.3*900)\\n=1,570\ units$

Since the company purchases each pet bed for $40, total budgeted purchases are:

$P=\$40*n=\$40*1,570\\P=\$62,800$

Garfield Corp's total budgeted purchases for March are $62,800.

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3 years ago

Jason has a Visa credit card and the Annual Percentage Rate is 18%, what is the rate he will be charged interest on per month?

Keith_Richards [23]

Answer:

a. 1.5%

Explanation:

18% for 12 mo

18%/12 mo

1.5%/mo

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3 years ago

While conducting an audit of a new nonissuer client, an auditor discovers that accounting policies applied in relation to the fi

Marat540 [252]

Answer:

A) Obtain sufficient appropriate evidence about whether changes in the accounting policies have been appropriately accounted for and adequately presented and disclosed in accordance with the applicable financial reporting framework.

Explanation:

When such things happen, the auditor must search more information regarding the accounting policies and must evaluate if the company's accountants adopted accounting policies that are legal and adjust to applicable financial reporting (e.g. GAAP in the US). The auditor must also try to determine the effects of the applied policies and if all proper disclosures have been included or not. The auditor should also try to determine why the company's accounting department did that and how do they justify it.

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mamaluj [8]

Answer:

$1454.99

Explanation:

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3 years ago