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Maru [420]
3 years ago
7

Are outstanding credit card balances counted as part of the money supply?

Business
1 answer:
V125BC [204]3 years ago
3 0
<span>Credit card balances are not counted as part of the money supply, because c</span>redit card balances reflect funds that have been borrowed. Unlike money, they cannot be used as a means of payment. The M1 supply contains <span>coins, paper currency, demand deposits, other checkable deposits, and traveler's checks. So, o</span>utstanding balances on credit cards is not a component of the M1 money supply.
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Help I need help with writing a article about fashion &amp; lifestyle blogger
N76 [4]
To help you i am going to need you to get more information. For example find a source of an article and find out their latest news. Fashion For example is easy just look at some of the newest trends an you can add in how famous people were these new types of fashion and styles. To write an article you need to get information! find websites and clothing lines of your choice. You can use anything you'd like. Just get the evidence to support it 
5 0
3 years ago
Vanguilder combines all manufacturing overhead into a single cost pool and allocates this overhead to products by using machine
sergeinik [125]

Answer:

The company's high-volume products are overcosted.

Explanation:

Vanguilder is currently using a <em>traditional costing </em>which is easy because it often just divides some types of costs equally between different items.

To understand this we take the assumption given in the question that Vanguilder combines all manufacturing overhead into a single cost pool and allocates this overhead to products by using machine hours.

So, lets say that Vanguilder is producing 2 products then how will you divide the machine hours between these 2 products?

It's Easy;

The total cost of machine hours divided by units produced and we get the $ amount for each product. But what if product 1 uses more machine hours then product 2?

Is it still fair to write down same amount of machine hours for each product.

We should write bigger machine hour cost for the product 1, right?

This is where Activity Based Costing is different from Traditional Costing.

However, <em>Activity Based Costing</em> finds ways to divide or allocate these costs more proportionally or fairly.

We can write a higher cost for product which use more machine hours.

Hence the following option would be correct:

<em>The company's high-volume products are overcosted. </em>

As, low-volume products require less production allocated using overhead (such as machine hours) than high-volume products. Therefore low-volume product are  undercosted, while high-volume product are overcosted.

6 0
3 years ago
What has been mostly responsible for advancing from the agricultural age to the industrial age?
Ivan
Innovation is the correct answer to this question.
7 0
3 years ago
Read 2 more answers
Consumers experience ______ marginal utility the more they consume of a particular good or service.
kifflom [539]

<u>Answer:</u>

less

<u>Explanation:</u>

The law of diminishing marginal utility states that, as consumption of a good or service increases, its marginal utility decreases.

4 0
2 years ago
You do not need to see proof of cash donations made by taxpayer if you feel that the information is not unusual or questionable.
Sliva [168]

Answer:

The correct answer is letter "A": True.

Explanation:

The Internal Service Revenue (<em>IRS</em>) offers Volunteer Income Tax Assistance (<em>VITA</em>) for elderly people who do not know how to file taxes on their own. The volunteers follow a series of practices during the interview with the taxpayers to gather their taxable information accurately. The principle of Due Diligence allows volunteers to <em>ask for clarification when the taxpayer information seems unclear or inconsistent</em>. However, if the information is not unusual, there is no need to request proof of it.

8 0
3 years ago
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