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jarptica [38.1K]
3 years ago
13

Define money and identify the different forms that it takes in the nation's money supply

Business
1 answer:
viva [34]3 years ago
8 0

Answer:

Money is defined as something that serves as a medium of exchange.

The money supply is the total amount of money available in an economy. It includes:

  • M1 includes coins and notes (bills) in circulation plus other money equivalents that are easily liquidated.
  • M2 includes M1 plus short term bank deposits and 24 hour money market funds.
  • M3 includes M2 plus long term bank deposits and money markets with more than 24 hour maturity.

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You describe your interview subject’s perspective on the value of education, and you compare those ideas to the views of other p
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well... read between linesssss

Explanation:

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Explain the requirements for putting together an Affirmative Action Plan (AAP). Include a discussion on mandatory and non-mandat
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Once a company reaches 50 or more employees, and meets any of the below criteria, it has 120 days to create an Affirmative Action Plan. Every year the company remains larger than 50 employees and meets the federal contracts guidelines listed below, it is required to update the plan to track changes in employee population and employee transactions.

In some instances, companies are required to implement an Affirmative Action Plan without a direct government contract. If government contractors purchase at least $50,000 worth of goods to fulfill their obligations on a government contract, then the goods’ seller is also subject to the OFFCP’s laws.

A prime example is a hardware company which sells screws to a company that builds Navy submarines. Although there’s no direct contract with the government for the hardware company, accepting the order as part of a government contract makes it a bill of lading, and if it exceeds $50,000 total revenue on those deals, then both sides must comply with Affirmative Action law.

3 0
3 years ago
George had a previous balance on his credit card of $330.19 on which he paid $50.00. He was assessed a finance charge of $4.20.
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The answer is $284.39.
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Which of these tax forms reports an employee's yearly Social Security tax withheld? A. W-4 B. W-3 C. W-1 D. W-2
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which of the following entries records the adjustment for revenue earned, but not yet collected? multiple choice debit accounts
Yanka [14]

various options Debit receivables from customers, credit sales. Accounts Receivable is debited and Sales Revenue is credited. Sales revenue is debited and deferred revenue is credit. Debit receivables and credit deferred revenue are the two balances.

<h3> What are debit and credit?</h3>

An accounting entry that decreases an asset or cost account is known as a debit. or reduces an equity or liability account. In an accounting entry, it is placed on the left. An accounting item known as a credit raises a liability or equity account's balance. or lowers an account for an asset or expense.

The money that is placed into your checking account is a credit to the bank even if it is a debit to you (an increase in your asset) because it is not their money. It is your money, and the bank owes it to you, so it is a liability on their books. A credit is an increase in a liability account.

Explain debit and credit with an example:

Debit what comes in, credit what leaves, first. Second, credit all gains and revenue while debiting all expenses. Thirdly, debit the sender and credit the recipient.

<h3>Can you credit revenue and debit accounts receivable?</h3>

An accounts receivable transaction in journal entry form debits accounts receivable and credits a revenue account. Credit accounts receivable (to eliminate the receivable) and debit cash (to show that you have been paid) when your customer pays their invoice.

Debit or Credit Account: As a business owner, your equity grows as a result of your revenue. Revenues must be reported as credits rather than debits because your equity typically has a credit balance.

Revenue from sales is it an accounts receivable?

When a business sells anything, it reports the revenue from the transaction on its income statement. They list the amount owed as accounts receivable on their balance sheet if the consumer hasn't yet paid them for the purchase. The amount indicated on the income statement is offset by accounts receivable.

To know more about Debit or Credit , visit:

brainly.com/question/12269231

#SPJ4

7 0
1 year ago
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