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aleksley [76]
3 years ago
6

John withdraws $100 from his checking account and deposits it in his saving account. What will be the effect of this transaction

on different measures of money, i.e. C, M1, and M2
Business
1 answer:
Amanda [17]3 years ago
6 0

Answer:

C is Currency in circulation

M1 is Coins, Currency, money is checking account, travelers checks etc. This basically include all units of money which are highly liquid and can be used at an instant.

M2 includes M1 and certain units of money which are less liquid e.g. savings, time deposits, term deposits etc.

Here, John is withdrawing $100 from his checking account and depositing in savings account hence this will decrease the M1 since M1 does not include savings account. There will not be any change in M2 since both checking and savings account are a part of that.

Since this transaction does not include currency in circulation, there will be no impact on C.

Explanation:

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Answer:

The benchmarking function of budgeting system involves the evaluation of performance of managers.

The correct answer is C

Explanation:

The integration of inputs from different business inputs and function is done at the planning stage of budgeting. It does not involve benchmarking.

Budgeting requires requires close cooperation between accountants and operational personnel. This is referred to as active participation in  budgeting. It helps to overcome behavioural challenges of budgeting.

Budget figures are used to evaluate the performance of managers. This is a benchmarking function of budgeting because it involves the comparison of performance of managers with established criteria so as to determine their level of success.                                          

The budget outlines a specific course of action for the coming year. This indicates that a budget is a financial plan that outlines future courses of action. This does not require benchmarking.

                                                                                                                                                                                                                                                                                                                                                               

7 0
3 years ago
If a person has $1,000 in a savings account and earns $20 a year in interest on that account, the rate of return on the money is
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Answer:

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Explanation:

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2 years ago
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The synchronous speed (rpm) equals 60 times the frequency divided by the number of pole pairs. For 50Hz, a two-pole motor will have a synchronous speed of 3000 rpm, a four-pole motor of 1500 rpm.

The actual speed is a few percent lower due to the slip of the asynchronous motor.


The slip increases with the torque, typical values are 5–10%. The rated speed for a four-pole motor at 50Hz will thus be something like 1360 rpm. At no-load, the slip is very small.
5 0
3 years ago
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Answer:

The correct option here is A) Days sales outstanding + Days inventory outstanding - Days payable outstanding.

Explanation:

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Formula used for calculation =

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                                                  +

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Definition: A detailed record of costs incurred to complete a specific job.

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10. Rate Process Costing

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3 0
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