Answer:
The Department of the Treasury manages Federal finances by collecting taxes and paying bills and by managing currency, government accounts and public debt. The Department of the Treasury also enforces finance and tax laws.
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Answer:
A. The definition of a market in determining the price elasticity of demand.
Explanation:
Price elasticity of demand is the height of responsiveness of demand or purchase to changes in price. It shows how consumers or buyers would react to the demand for a product when the price of their favourite brand increases.
Reaction of consumers in the market place is one of the determinants of price elasticity of demand. It tells how buyers will switch to different brand of products if the price of their favourite brand increases. It also shows how consumers will adjust their spending abilities if the price of all the brands are increased at the same time.
Alternatively, consumers would demand for the brand that falls within the limit of their spending.
Answer:
Date Accounts Titles and Explanations Debit Credit
Sept, 11 Cash $450
2016 Sales $450
(To record the Cash Sales)
Sept, 11 Warranty Expenses $40.50
2016 ($450 x 9%)
Estimated Warranty Payable $40.50
(To record the Warranty Expenses)
July, 24 Estimated Warranty Payable $32
2017 Repairs Parts Inventory $32
(To record the material taken from Inventory)
The effective annual yield of a treasury bill is equivalent to 12.55%.
Option B is the correct answer.
<h3>What is the treasury bill?</h3>
The treasury bill is the trading instrument that is issued in the money market by the government.
Given values:
Par value: $100,000
Future value: $97,087
Number of years from now: 3 years
Step-1 Computation of interest rate of treasury bill:
Step-2 Computation of equivalent yield the bill:
Therefore, 12.55% is the equivalent yield on the treasury bill.
Learn more about the equivalent yield in the related link:
brainly.com/question/21275322
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