The answer is D because 4 hours working on problems are 0 hours of reading
Answer:
Explanation:
1) Schedule of cash receipts:
Since 100% of account receivable is collected in the month following the month of sale, which means $290,000 will be collected in July.
2) If there are no sales in September, amount of accounts receivable the company will report on its 3rd quarter balance sheet will be 0. Otherwise, the ending accounts receivable at the end of 3rd quarter will be = sales amount in September.
Answer:
no ❤️️
Explanation:
No❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️ ❤️️
Answer:
C) the nominal value of aggregate income is determined
Explanation:
The quantity theory of money states that nominal aggregate income is determined by money supply. It is assumed that money velocity is constant in the short run and so would not impact nominal aggregate income.
The quantity theory of money is obtained from the equation of exchange which is:
(Money supply × velocity ) = (price × agregrate output)
Dividing both sides by velocity gives,
Money supply = (1/velocity) × ( price × agregrate output)
It is assumed velocity is constant, therefore,
Money supply = k × (price × agregrate output)
I hope my answer helps.
All the best