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Anon25 [30]
3 years ago
5

If Jane Brown closes her account at the First National Bank and uses the money instead to open a money market mutual fund​ accou

nt, what happens to​ M1? Why?
Business
1 answer:
dybincka [34]3 years ago
6 0

Answer: M1 doesn't change.

Explanation:

M1 consists of:

M1 = Currency with the public + Checking account + other deposits with the RBI

Money market mutual fund account is a component of monetary aggregates (M1). Therefore, M1 does not change because the funds that are going towards money market mutual funds are firstly deposited in the mutual funds bank account.

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Select _____ to apply formatting to several cells at the same time
ololo11 [35]
Select (A RANGE) to apply formatting to several cells at the same time.
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5 0
3 years ago
A convention is best described as: a) A large marketplace for trading b) A legislative meeting c) A large meeting dedicated to a
Archy [21]

Answer:

Option C                  

Explanation:

In the context of a conference, a convention is indeed a assembly of individuals that occur at an agreed location and time either to address or participate in a mutual interest. The most commonly organised conventions are focused on trade, career and fanbase.

Conventions are mostly organised and managed by skilled gathering and conference managers, sometimes by the event organising company's employees or by independent experts, sometimes in exact description. Many big cities should have a conference centre devoted to organising activities like these.

8 0
3 years ago
Tim gave his house in another city to his sister. He had to pay taxes to the government on this transfer. What type of tax did t
Scilla [17]

The answer is<u> "C. gift tax".</u>


A gift tax is a government imposed tax to an individual giving anything of significant worth to someone else. For something to be viewed as a gift, the getting party can't pay the supplier full an incentive for the gift, however may pay a sum not as much as its full esteem. It is the provider of the blessing who is required to settle the blessing government expense. The collector of the gift may pay tax on the gift regulatory expense, or a level of it, on the supplier's benefit, if the provider has surpassed his/her yearly personal gift tax deduction limit.


7 0
4 years ago
Read 2 more answers
Daan Corporation wholesales repair products to equipment manufacturers. On April 1, 2016, Daan Corporation issued $7,800,000 of
Ipatiy [6.2K]

Answer:

Cash Dr $9,808,729

       To Premium on bond payable $2,008,729

       To Bond payable $7,800,000

(Being the issuance of the bond payable is recorded)

Explanation:

The journal entry for issuance of the bond is shown below:

Cash Dr $9,808,729

       To Premium on bond payable $2,008,729

       To Bond payable $7,800,000

(Being the issuance of the bond payable is recorded)

For recording this we debited the cash as it increased the assets and credited the premium on bond payable as issued amount is more than the face value plus the liabilities is also increased so the bond payable is also credited

6 0
3 years ago
Calculate the expected cost per stockout with the following information: Probability of a back order is 67%, lost sale is 22%, a
Minchanka [31]

Answer:

7208.9

Explanation:

Calculate the expected cost per stockout with the following information: Probability of a back order is 67%, lost sale is 22%, and the probability of a lost customer is 11%. The cost per incident of a back order is $50, lost customer is $65,000. The sales price of the item is $12 with a 20% profit margin. The average order is 50.

expected cost is the probability that a certain cost will be incurred multiplied by the cost.

Stockout cost can be defined as the lost income and expense in relation to a shortage of inventory.

Expected cost/stockout=Probability of stockout *expected demand

Probability of a back order is 67%

lost sale is 22%

probability of a lost customer is 11%.

expected demand for back order $50

The average order is 50.

lost customer is $65,000

The sales price of the item is $12 with a 20% profit margin

.67*50+.11*65000+.22*50+1.2*12

33.5+7150+11+14.4

=7208.9

6 0
4 years ago
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