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3 years ago

If the demand for money is low and the amount of money in the money supply is decreasing, which of the following is correct?

1 answer:

6 0

If the demand for money is low and the amount of money in the money supply is decreasing, which of the following is correct? B is your answer

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4. the interest is computed on the principal and also on the accumulated past interests.

torisob [31]

Answer:

d. compound interest

Explanation:

Compound interest basically means that previously earned interests will earn interests on their own. For example, you invest $100 and receive a 5% yield. At the end of year 1 you will have $105. At the end of year 2 you will have $105 x 1.05 = $110.25. The $5 in interests previously earned during year 1 will earn $0.25 interest during year 2.

8 0

3 years ago

Gustavson Corporation uses the direct method to allocate service department costs to operating departments. The company has two

9966 [12]

Answer:

Total allocated costs= $19,250.44

Explanation:

Giving the following information:

Service Departments:

Administrative= $26,840

Facilities= $59,400

Operating Departments:

Assembly= $183,430

Wholesaling= $321,190

Employee hours= 29,000 + 15,000= 44,000 hours

Space occupied= 30,000 + 6,000= 36,000

First, we need to calculate the proportion of hours and space used for Wholesaling.

Employee hours:

Whole= 15,000/44,000= 0.341

Space occupied:

Whole= 6,000/36,00= 0.17

Now, we can allocate costs tho Wholesaling.

Administrative= 26,840*0.341= $9,152.44

Facilities= 59,400*0.17= $10,098

Total allocated costs= $19,250.44

5 0

3 years ago

Whether people use automatic or controlled processing for reacting to a persuasive message is often a function of ________.

kogti [31]

B) their level of interest in it

7 0

3 years ago

Daba Company manufactures two products, Product F and Product G. The company expects to produce and sell 1,630 units of Product

Harrizon [31]

Answer:

Explanation:

Activity cost pool:

Machine setups

Cost = $37,290

Total activity for both products = 339

Overhead rate = $37,290/339 = $110

Purchase orders

Cost = $165,240

Total activity for both products = 2040

Overhead rate = $165,240/2040 = $81

General factory

Cost = $123,690

Total activity for both products = 6510

Overhead rate = $123,690/6510= $19

Product F total overhead cost:

Machine setups = $110*144 = $15,840

Purchase orders = $81*890 = $72,090

General factory = $19* 2,440 = $46,360

Total = $134,290

Product G total overhead cost:

Machine setups = $110*195= $21,450

Purchase orders = $81*1150= $93,150

General factory = $19* 4070= $77,330

Total = $191,930

5 0

4 years ago

The following items are taken from the financial statements of Cullumber Company for 2022:

Doss [256]

Answer:

Cullumber Company

Balance Sheet

As at 2022

Explanation: Amount in $

Current Assets

Accounts Receivable 12,500

Cash 13,000

Prepaid Insurance 6,600

Supplies 4,600

Total Current Assets 36,700

Non-Current Assets

Equipment (225,000-36,900) 188,100

Total Assets 224,800

Liabilities & Shareholders' Equity

Current Liabilities

Accounts Payable 10,600

Notes Payable 65,000

Salaries Payable 3,900

Total Current Liabilities 79,500

Equity

Common Stocks 97,000

Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700) 64,300

Dividends (16,000)

Total Equity 145,300

Total Liabilities & shareholders' equity 224,800

4 0

4 years ago