Answer:
Explanation:
Given the following :
CATEGORY - - - - - - - - - - - - - - - - - - - - AMOUNT
Currency and coin held by the public - - $600
Checking account balances - - - - - - - - - $1,200 Traveler's checks - - - - - - - - - - - - - - - - - $10 Savings account balances - - - - - - - - - - $2,800 Small denomination time deposits - - - - $5,000 Money market deposit accounts in banks $1,000 Noninstitutional money market fund shares $2,000
The M1 money supply is composed of Traveler's cheque, Checkable deposits, currency and coins.
The M1 money supply is the sum of :
Currency and Coin Held by Public + Checking Account Balances + Traveler's Checks
$(600 + 1,200 + 10) = $1,810
Answer:
True
Explanation:
Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.
If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.
Few, if any, will lend anyone money based on a business idea alone. Many banks will demand a business proposal to be backed with some guarantee to secure funding.
Answer:
Hi!
Explanation:
I advise you to visit this resource. Otherwise, brains begin to boil - http://mavizion.com
Answer:
box
Explanation:
because large box have a lot of space
Answer:
The correct answer is a. True.
Explanation:
A company may use several different cost drivers to allocate its indirect costs. In ABC system indirect cost/FOH are divided into various activities that is material procurement, inspection and maintenance cost and cost is allocated to each product based on different cost driver assign to each activity. The cost drivers for above specified cost activities can be number of purchase orders, inspection hours and number of break downs respectively.