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Karo-lina-s [1.5K]
3 years ago
10

David bought a pickup truck to transport his equipment on weekend fishing trips. He also bought a trailer for his lawn maintenan

ce business. His purchases were Multiple Choice both B2C purchases since he is the user in both situations. both B2B purchases since he is the user in both situations. neither B2C nor B2B since he is the consumer and his uses might be mixed. B2C and B2B, respectively. B2B and B2C, respectively.
Business
1 answer:
trasher [3.6K]3 years ago
6 0

Answer:

B2C and B2B, respectively.

Explanation:

The pickup that David bought to transport equipment on weekend fishing trips should be considered a business to consumer (B2C) transaction David will use it for recreational activities.

The trailer that David bought to transport his lawn maintenance equipment should be considered a business to business (B2B) transaction David will use it for his lawn maintenance business.

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On January 10, 2017, a man in Lebanon, Virginia, frustrated with the DMV bureaucracy, paid his DMV bill with 300,000 pennies tha
Zepler [3.9K]

Answer:

a. The initial change in the money supply would be $0

b. The initial change in deposits would be $3,000.

c. Total reserves will also increase by $3,000.

d. The excess reserves is $2,820.

e. Cumulative change = $47,009

Explanation:

(a)  Currency in circulation and bank deposits are both parts of the money supply.

So, when a man paid DMV with 300,000 pennies or $3,000 which DMV deposited into its account then in that case currency in circulation decreased by $3,000 and bank deposits increase by $3,000.

Since one component of the money supply is increasing while other is decreasing and that also by the same amount there will be no change in the money supply.

So,  the initial change in the money supply would be $0

(b)  DMV has deposited $3,000 into its bank account.

So,

Deposits will increase by $3,000.

Thus,

The initial change in deposits would be $3,000.

(c) Total reserves increases in the equal amount of the increase in deposits.

Deposits have increased by $3,000.

So,

Total reserves will also increase by $3,000.

Thus,

The initial change in total reserves would be $3,000.

(d)  New deposit created = $3,000

Reserve requirement = 6 percent

Required reserves created = $3,000 * 0.06 = $180

Excess reserves = New deposit - Required reserves = $3,000 - $180 = $2,820

The excess reserves is $2,820.

(e)  Reserve requirement = 6% or 0.06

Money multiplier = 1/Reserve requirement = 1/0.06 = 16.67

Calculate the cumulative change in the banking system in lending capacity -

Cumulative change = Excess reserves * Money multiplier

Cumulative change = $2,820 * 16.67 = $47,009

The cumulative change in the banking system in lending capacity would be $47,009.

5 0
3 years ago
The entry to record the receipt of payment within the discount period on a sale of $1500 with terms of 2/9, n/30 will include a:
nikdorinn [45]

Answer:

B) credit to Accounts Receivable for $1500.

Explanation:

The journal entry to record the given transaction is as follows

Cash $1,470

Sales discounts $30          ($1,500 × 2%)

        To Account receivable $1,500

(Being the receipts of payment is recorded)

While recording this transaction we debited the cash as it increased the assets plus the sales discount is also debited and at the same time we credited the account receivable as it decreased the asset

4 0
3 years ago
Assume that banks do not hold excess reserves and that households do not hold currency - the only form of money is demand deposi
dsp73

Answer:

A. If the reserve requirement is 5% then money multiplier is 20 and the the money supply for each reserve requirement is $10,000 billion

B. If the reserve requirement is 10% then money multiplier is 10 and the the money supply for each reserve requirement is $5,000 billion

For a given level of reserves, a lower reserve requirement is associated with a larger money supply. Suppose the Federal Reserve (the Fed) wants to increase the money supply by $500 billion. Again, you can assume that banks do not hold excess reserves and that households do not hold currency. If the reserve requirement is 10%, the Fed will use open-market operations to buy $50 billion worth of U.S. government bonds. Now, suppose that rather than immediately lending out all excess reserves, banks begin holding some excess reserves due to uncertain economic conditions. Specifically, in addition to the required reserves of 10%, banks hold an additional 40% of their deposits as reserves. This increase in the reserve ratio causes the money multiplier to fall to 2. Under these conditions, the Fed would need to buy $250 billion worth of U.S. government bonds in order to increase the money supply by $500 billion.

The following statements help to explain why the Fed cannot precisely control the money supply are:

B- The Fed cannot control the amount of money that households choose to hold as currency.

C- The Fed cannot control whether and to what extent banks hold excess reserves.

Explanation:

A. If the reserve requirement is 5% then money multiplier is 20 (= 100%:5%) and the the money supply for each reserve requirement is $10,000 billion (=$500 billion x 20)

B. If the reserve requirement is 10% then money multiplier is 10 (= 100%:10%) and the the money supply for each reserve requirement is $5,000 billion (=$500 billion x 10)

5 0
3 years ago
A house sold for $109,000 with the buyer making a 20% down payment. The grantors tax is based on the:
Elena-2011 [213]

In this sales case, the grantors tax will be based on the selling price.

<h3>What is a grantors tax?</h3>

This refers to tax that is applied on the transfer on ownership such as on sales of property, house etc.

Here, the the grantors tax will be based on the selling price even though it is customary for the seller to pay the grantors tax.

Therefore, the selling price is correct.

Read more about tax

<em>brainly.com/question/26316390</em>

#SPJ1

3 0
2 years ago
Explain why high-performance value-added salespeople earn much more than high- performance transactional salespeople g
nydimaria [60]

Answer with Explanation:

The Value-added salespersons are the one with better qualification, trainings, experience and have thorough understanding how the sales mechanism would better work in different circumstances and thus are far much better than the transaction salespeople. Furthermore, they are the one who knows what the customer is desiring and this helps them in adding value to their operations and product. Whereas transactional salesperson add very little value to sell the product because the customer knows about the product features and the presence of the transactional salesperson doesn't have any significant impact on the customer perception.

4 0
3 years ago
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