The correct answer is A; M2
Further Explanation:
There are two types of measuring money M1 and M2. When someone is making a deposit into their savings they are contributing to the M2 money supply. The difference between M1 and M2 is the the liquidity of the money. M1 is when you have more liquid assets. M2 has all of the features of M1 but includes savings deposits and also time deposits and aren't as liquid as M1.
M1 contains all of the currency such as coins and paper money that is in the circulation of the public. The money for M1 can be gotten on demand such as when a person uses their debit card.
Learn more about the money supply at brainly.com/question/3625390
#LearnwithBrainly
Answer:
a. Calculate the balance in retained earnings at the time of the change (beginning of 2017) as it would have been reported had FIFO been previously used.
b. Prepare the journal entry to record the change in accounting principle at the beginning of 2017.
- Dr Inventory 80,000
- Cr Income taxes payable 16,800
- Cr Retained earnings 63,200
Explanation:
inventory under FIFO would have been $80,000 higher, that means that COGS were overstated by $80,000 and net earnings were understated by $80,000.
retained earnings 2016 = $1,750,000
tax rate 21%
Dr Inventory 80,000
Income taxes payable 16,800
Retained earnings 63,200
Retained earnings = $1,750,000 + $63,200 = $1,813,200
When companies change from LIFO to FIFO, they must adjust their income statement and balance sheet in a prospective way because it will affect the future value of their accounts. But when a company changes from FIFO to LIFO, no adjustment is required.
The complete question is as follows:
What percentage of your gross salary does the consumer financial bureau suggest?
The proportion of gross income suggested by the Consumer Financial Bureau is not more than 15% or 10% of the earned income.
<h3>What is a gross salary?</h3>
Gross salary is the amount received by an employee before any deductions and income taxes. It is given by the employer of the company in its respective bank account.
According to the Consumer Financial Bureau, the proportion of not exceeding 10% of gross income should be reserved for affording the student loan payments, or not greater than 15% be reserved for monthly debts except rental and mortgage reimbursements.
Therefore, the type of payments will decide the proportion of gross income being allocated in accordance with the Consumer Financial Bureau.
Learn more about the gross salary in the related link:
brainly.com/question/5715627
#SPJ1
<h2>Johanna participated in a <u>
behavioral-description </u>
interview</h2>
Explanation:
Organization believes that if an employee can control is emotions and behave properly he / she is likely to work for more number of year in the company.
So in this situation, the interviewer tried to check the behavioral-description technique of handling various types of customers in her previous experience so that based on the reply, he consider the applicant.
There are some favorite questions of interviewer based on this technique are listed below:
- How do you handle stress?
- How do you face challenges?
- Have you ever committed mistake?
Answer:
Explanation:
The bid price is what buyers are willing to pay for it. The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price.