Answer:
C) small part of household wealth, and so the interest-rate effect is small.
Explanation:
During 2011 the per capita holdings of US dollars amount to only $2950, compared to the GDP per capita of $49,794 it is not a significant amount. Some government agencies estimate that nearly 2/3 of all $100 bills are held in foreign countries.
The decrease in money holdings can be attributed to an increase in the use of banking services, especially an increase in the use of debit cards, but also credit cards and checks.
Answer:
The expected balance of Accounts Payable on 31 January is $6020
Explanation:
The expected closing balance of Accounts payable will include the amount of payable for purchases made in January which are still outstanding at the end of the month. According to the policy of the company, 50% of a month's purchases will be paid in the following month. Thus, the ending balance of accounts payable will be 50% of January's purchases.
Closing balance of Accounts payable = 12040 * 0.5 = $6020
Answer:
7.16 times
Explanation:
Average accounts receivable:
= (Beginning accounts receivable + Ending accounts receivable) ÷ 2
= ($3.2 billion + $3.25 billion) ÷ 2
= $3.225 billion
Accounts Receivable turnover ratio:
= Net annual credit sale ÷ Average accounts receivable
= $23.1 billion ÷ $3.225 billion
= 7.16 times
Therefore, the Accounts receivable turnover ratio is 7.16 times.
The answer to this question is <span>increased taxes on farmers who lived outside of Italy
Larger government will always result in larger government spending (which will led into a higher amount of tax that must be paid). Since roman do not want its people to turn on them due to the increase in tax, Roman government decided to take it from the people outside their empire.
</span>
