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Diano4ka-milaya [45]

3 years ago

12

Suppose that velocity is 3 and the money supply is $600 million. According to the quantity theory of money, nominal output equal

s?

1 answer:

Tamiku [17]3 years ago

3 0

Answer:

$1,800 million

Explanation:

According to the quantity theory of money , velocity = nominal output / money supply

If velocity is 3 and money supply is $600 million, nominal output = $1,800 million .

I hope my answer helps you

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sales forecasts . multiple select question. should not be used for audit decisions help auditors understand management's strateg

Anna [14]

Sales forecasts <u>help auditors understand </u><u>management's strategy</u>

<u>can be used in valuing </u><u>inventory</u>

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What are sales forecasts?

A sales forecast is an indication of predicted sales revenue. What your business expects to sell during a specific time period is estimated by a sales forecast (like a quarter or year). The most accurate sales projections do this. By providing knowledge of the probable behavior of your most valued clients, sales forecasting aids in achieving this revenue efficiency. In addition to enhancing pricing, advertising, and product development, you may forecast future sales. The ability of your business to predict future revenues across particular time periods in order to better manage resources is one of the benefits of sales forecasting.

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4 0

1 year ago

Here are incomplete financial statements for BLOSSOM, Inc. Calculate the missing amounts

Otrada [13]

Answer:

(A) net income: 20,000

(B) COGS = 55,000

(C) Common Stock = 30,000

Explanation:

(A) with the RE statemtn we sovle for RE

net income = ending RE - beginning RE + dividends

net income = 27,000 - 12,000 + 5,000 = 20,000

(B) With the net income we solve for COGS

COGS= revenues - net income - salaries and wages

COGS = 85,000 - 20,000 - 10,000 = 55,000

(C) now we solve for common stock

liab + equity = total liab and stockholders equity

account payable + common stock + RE = total liab and stockholders equity

5,000 + CS + 27,000 = 62,000

CS = 62,000 - 27,000 - 5,000 = 30,000

5 0

3 years ago

Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000

rodikova [14]

Answer:

Allocated MOH= $432,000

Explanation:

Giving the following information:

Predetermined overhead rate of $8.00 per machine-hour

Actual machine-hours worked= 54,000 hours

<u>To calculate the allocated overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8*54,000

Allocated MOH= $432,000

7 0

3 years ago

(b)<br>Examine the common mistake that lead to a closure of a<br>business.

ale4655 [162]

Maybe a product didn’t work out, a bad review from a customer or client, health inspections didn’t pass etc..

8 0

3 years ago

Curt can be paid in one of two ways for the furniture he sells. Plan A: Salary of $350 per month, plus a commission of 10% o

Eduardwww [97]

Answer:

for $16000 plan B is better than A

Explanation:

We are searching for the stage where Plan A's compensation is less than Plan B's compensation.

Plan A < Plan B

let total of Curt's sales be the x,

x is the basis of the commission under Plan A, but the first 5000 of sales are excluded i.e (x - 5000) from the basis of commissions under Plan B.

350 + x(0.10) < 750 + (x - 5000)(0.15)

800 -750 < (0.15) x - 5000(0.15) - (0.10)x

50 < (0.15 - 0.10)x - 750

50+750 < (0.05)x

800 < (0.05)x $\frac{800}{(0.05)} < x$

16000 < x

5 0

4 years ago