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3 years ago

Only individuals that make over $50,000 per year should worry about creating a cash flow statement

Business

2 answers:

Wittaler [7]3 years ago

7 0

The answer is false

butalik [34]3 years ago

4 0

False. Everyone should make a cash flow statement regardless of their income so that they know where their bills need to go. It's important for them to be concious of where their money is going, how much they spend in certain aspects of their life and where they can cut back to make sure all of their bills and necessities are paid on time.

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Assume that we currently have an inflation rate of 1%, a nominal federal funds rate of 2% and a real federal funds rate of 1%

Vedmedyk [2.9K]

Answer:

The nominal federal funds rate be changed to 3%

Explanation:

Hi, in order to find the new nominal federal fund rate, we have to use the following equation.

$I=R^{*} +PI+0.5(PI-PI^{*} )$

Where:

I = Nominal fed funds rate (what we are looking for)

R*=Real federal funds rate (changed from 1% to 3%, we use 3%)

PI= Rate of inflation (current inflation, in our case, 1%)

PI*=Target inflation (expected inflation, 3%)

Everything should look like this.

I = 3% + 1% + 0.5(1% - 3%)

I = 4% - 0.5(-2%)

I = 4% - 1%

I = 3%

So the nominal federal funds rate should be 3% under this problem´s conditions.

Best of luck.

7 0

3 years ago

The variable over which service providers have little control is the emotional state of their customers.

lions [1.4K]

<span>This is true because there is no way for service providers to be able to control the emotional state of their customers. Even if a service provider is very friendly and helps the customer adequately, there is no way to ensure that the customer will be satisfied with the service/in a stable emotional state.</span>

3 0

4 years ago

Following are the transactions of Sustain Company.

MrMuchimi

Answer:

Jun-01

Dr Cash 18,500

Cr Common Stock T. James 18,500

Jun-02

Dr Furniture 11,500

Cr Account Payable 11,500

Jun-03

Dr Prepaid Insurance 2,100

Cr Cash 2,100

Jun-04

Dr Account Receivable 10,500

Cr Sales 10,500

Jun-12

Dr Account Payable 11,500

Cr Cash 11,500

Jun-20

Dr Cash 10,500

Cr Account Receivable 10,500

Jun-21

Dr Cash 17,500

Cr Common Stock T. James 17,500

Jun-30

Dr Cash 12,500

Cr Unearned Income 12,500

Explanation:

Preparation of Journal entries

Jun-01

Dr Cash 18,500

Cr Common Stock T. James 18,500

(Invested $18,500 as capital contribution)

Jun-02

Dr Furniture 11,500

Cr Account Payable 11,500

(Purchased furniture on credit)

Jun-03

Dr Prepaid Insurance 2,100

Cr Cash 2,100

(Cash Paid for 12 month insurance)

Jun-04

Dr Account Receivable 10,500

Cr Sales 10,500

(Billed customer )

Jun-12

Dr Account Payable 11,500

Cr Cash 11,500

(Cash paid to reclaimed wood)

Jun-20

Dr Cash 10,500

Cr Account Receivable 10,500

(Cash collected form customer)

Jun-21

Dr Cash 17,500

Cr Common Stock T. James 17,500

(Addition capital contribution)

Jun-30

Dr Cash 12,500

Cr Unearned Income 12,500

(Received advance for service to be performed)

8 0

3 years ago

What does competetive advantage mean?

satela [25.4K]

Answer:

a condition or circumstance that puts a company in a favourable or superior business position.

6 0

3 years ago

Read 2 more answers

an example of the frictionally unemployed is a(n): Group of answer choices geologist who is permanently laid off from an oil com

Anna35 [415]

Answer:

real estate agent who leaves a job in Texas and searches for a similar, higher paying job in California

Explanation:

Frictional unemployment occurs when Labour leaves his job in search of another one. It is the period between Labour leaves current employment and get another one.

geologist who is permanently laid off from an oil company due to a new technological advance is an example of structural unemployment

worker at a fast-food restaurant who quits work and attends college is am example of voluntary unemployment.

autoworker who is temporarily laid off because of a decline in sales is an example of cyclical unemployment.

I hope my answer helps you

8 0

3 years ago