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Serjik [45]
3 years ago
7

The money supply is backed Multiple Choice by the government's ability to control the supply of money and therefore to keep its

value relatively stable. by government bonds. dollar-for-dollar by gold and silver. by gold reserves representing a fraction of the total value of dollars in circulation.
Business
1 answer:
Serggg [28]3 years ago
4 0

Answer:

by the government's ability to control the supply of money and therefore to keep its value relatively stable.

Explanation:

The gold standard monetary system refers to a system where paper money can be converted into a certain amount of gold. It was used by the federal reserve until 1971, when it changed for the current monetary system.

The monetary system was never based on bonds, since bonds represent money that the government owes to private or public investors.  

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Answer:

If Splendid Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?

Ans: $2,970

The ''other method'' in question is the Cash method which recognizes revenue when cash is paid unlike the Accrual method that recognizes it when earned.

Using the Cash method the Service Revenue would be $2,970 because the cash has been received for it.

If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?

= Cash revenues - Cash expense

=  Received cash for meals served to customers - Prepaid rent for three months - Received and paid electricity bill

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= $70

If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May?

= Revenue - Expense

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= 2,810 + 2,530 - (2,400/3) - 60 - 2,670 - 380

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<em>Cash spent on Equipment is not expense but capital expenditure. </em>

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3 years ago
Meno is 64 years old. Although continuously faced with considerable stress and difficulty in his life, he always displays an opt
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B. probably live longer than those without such positive attitudes.

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An attitude is an entity or principle which defines a person's personality and thoughts. It helps a person building an emotional outlook altogether. Attitude can be both positive and negative. It affects the thought, emotions, and feelings of the person. It depends on the attitude how a person handles a situation. In the case of Meno, it is because of his positive attitude that he will be able to live longer and happier than other people.

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