Answer: The answer is as follows:
Explanation:
M1 = Currency with public + Checkable deposits + Other deposits with RBI
M2 = M1 + Post office savings deposits
Currency held by the public and Checkable deposits are the components of M1.
Whereas savings deposits, Money market mutual funds held by individuals and Small time deposits are the components of M2.
We know that all the components of M1 are also the components M2.
∴ The items are included in the M2 money supply but not the M1 money supply are as follows:
Item 1 - Money market mutual funds held by individuals
Item 2- Savings deposits, including money market deposit accounts
Item 5 - Small time deposits
Answer:
D) cause the quantity demanded to exceed the quantity supplied of rental housing.
Explanation:
A price ceiling is a binding government regulation in which it puts a cap on the price landlords can charge tenants to rent their properties. If this happens, there could be a rapid significant increase in the demand of apartments. This would lead to excess demand that the existing supply cannot meet , creating a shortage. The property owners may also choose to not rent their apartment at that lower price driving the supply even lower.
Answer: Please see explanation column for answer.
Explanation:
a) Journal to record issuance of Installment notes
Date Account Debit Credit
Jan. 1, 2016 Cash $65,000
Notes payable $65,000
b) Journal to record First annual note payment
Date Account Debit Credit
Jan. 1, 2017 Interest expense $3,900
Notes payable $11, 531
Cash $15,431
Answer:
The consumer surplus will definitely increase.
Explanation:
The reason is that the manufacturers have purchased the sugar at a high price and now it is available at a lower price. So this means that the price of chocolate must decrease in the market if the price of material input is fallen. But the chocolate prices will take time to fall and as the result the customer is willing to pay lower prices but he is forced to pay more because the manufactured chocolates include sugar which was bought at a higher price. So the consumer surplus will increase.
Answer:
supplies expense 3255 debit
supplies 3255 credit
--to record supplies consumed--
rent expense 2750 debit
prepaid rent 2750 credit
--to record expired rent--
depreciation expense 11000 debit
acc. Dep. equipment 11000 credit
-to record depreication over the year--
wages expense 10000 debit
wages payable 10000 credit
--to record earned wages from emplyees--
Explanation:
a) we subtract dfrom the book value the physical count of suppliesd and assume the difference as expense. (if there is purcahse we add them)
b) we divide the 11,000 rent over the four months to get the value for December (one-month
c) and d) the values are given
