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3 years ago

Higher nominal interest rates the amount of money demanded and higher real income the amount of money demanded.

Business

1 answer:

Ulleksa [173]3 years ago

3 0

Answer:

decreases

increases

Explanation:

Nominal interest rate is real interest rate plus inflation rate. If nominal interest rate rises, people would prefer to save their money and so the demand for money would fall.

Real income is income adjusted for price level changes. The higher the real income,the higher the purchasing power, the higher the demand for money.

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The opportunity cost of earning an advanced collage degree is that

xz_007 [3.2K]

Answer: you would not have been able to make money/as much money from having a job in the time you were spending to earn that advanced degree.

Explanation: if you chose not to work to obtain that advanced degree; you would’ve had more time to work a job and make money.

7 0

2 years ago

At the end of the fiscal year, variances from standard costs are usually transferred to the Group of answer choices factory over

Tatiana [17]

Answer: Cost of goods sold account

Explanation:

When a company is operating a Standard Cost system, all their inventory accounts will be recorded at their standard costs.

The Variances that exist between the Standard and Actual costs will be recorded in the variance accounts as well as the manufacturing overhead account.

At the end of the fiscal year, the balances on these accounts are sent to the Cost of Goods sold account to reflect true cost.

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3 years ago

Our company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000;

mestny [16]

Answer: $193,000

Explanation:

Given that,

Average total assets = $4,100,000

Sales = $4,525,000

Cost of goods sold = $2,550,000

Operating expenses = $1,372,000

Target income = 10% of average invested assets

Net operating income = Sales - Cost of goods sold - Operating expenses

= $4,525,000 - $2,550,000 - $1,372,000

= $603,000

Minimum required return on assets = 10%

Residual income:

= Net operating income - (Minimum required return on assets × Average total assets)

= $603,000 - (10% × $4,100,000)

= $193,000

7 0

3 years ago

A company records the fees for legal services paid in advance by its clients in an account called Unearned Legal Fees. If the co

White raven [17]

Answer:

True

Explanation:

Now the initial jounal entry of the Unearned Fees was recorded as:

Dr Cash received XX

Cr Unearned Fees XX ........... Is a liability

Now the reason why the statement is true can be best explained from the following equation:

Equity = Ordinary Stock + (Revenue - Expense - Dividend)

Now just look at the above equation and the journal entry, the unearned fees increased the liability and if this amount is not waived off to the amount the unearned fees are converted to earnings, I mean if you have received the amount for 3 months services in advance and only one month services are delivered then the 1/3 part of the unearned fees will recognized as earned. If it is not complied then we can see in the above equation that the revenue would decrease and this decrease will decrease the equity.

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3 years ago

Read 2 more answers

The local wendy's franchise is a good corporate citizen, and the owners of that particular franchise had fostered relationships

VashaNatasha [74]

Had to look for the options and here is the answer. Given the scenario above relating to the local Wendy's franchise, the type of relationship management program that centers on the development of media contacts is MEDIA RELATIONS. Hope this answers your question.

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2 years ago

Higher nominal interest rates ______ the amount of money demanded and higher real income ______ the amount of money demanded.

Higher nominal interest rates the amount of money demanded and higher real income the amount of money demanded.