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vfiekz [6]
3 years ago
11

If the money supply is​ $500 and nominal income is​ $3,000, the velocity of money is A. ​1/60. B. ​1/6. C. 6. D. 60.

Business
1 answer:
algol [13]3 years ago
5 0

Answer:

The correct option is c.6

Explanation:

For computing the velocity of money, the following formula should be used which is shown below:

The Velocity of money = Nominal income ÷ money supply

where,

Nominal income is $3,000

and, the money supply is $500

Now put these values to the above formula so that we can find out the answer

So, the answer would be equal to

= $3,000 ÷ $500

= 6

Thus, the velocity of money is 6

Hence, the correct option is c.6

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4 0
2 years ago
What is the difference between an "I" statement and a "You" statement? A. The "I" statement is non-confrontational b. The "You"
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What is the difference between an "I" statement and a "You" statement? A. The "I" statement is non-confrontational. When you are speaking to someone else and you start with I, it is non-confrontational because you are talking about yourself. If you start a sentence with "you" sometimes the other person may take offense to that and think you are wanting to start an argument.

6 0
3 years ago
Read 2 more answers
On June ​1, High Performance Cell Phones sold 19,000 of merchandise to Anthony Trucking Company on account. Anthony fell on hard
Naily [24]

Answer and Explanation:

The Journal entries are shown below:-

1. Anthony Trucking Dr, $19,000

           To Sales A/c $19,000

(Being the sales made is recorded)

2. Bank Dr, $5,000

           To Anthony Trucking $5,000

(Being cash received is recorded)

3. Wrote off A/c Dr, $14,000

              To Anthony Trucking $14,000

(Being Account receivable write off the balance  is recorded)

4. Bank Dr, $14,000

            To Wrote off $14,000

(Being cash received is recorded)

2. High Performance 's direct write-off approach would face drawbacks because it breaches the matching principle. The matching theory involves be matching the spending of uncollectible accounts with the relevant revenues. Here uncollectible amount is treated as a bad debt expense. The written off amount is treated as uncollectible amount by the customer

7 0
3 years ago
An oligopoly is a market in which a the actions of one seller in the market have no impact on the other sellers' profits. b firm
Sunny_sXe [5.5K]

Answer:

The correct answer is option d.

Explanation:

An oligopoly is a market structure where there are a few producers producing homogeneous products or similar products which are close substitutes. Because of a few firms, there is a high degree of competition in the market.  

The market decisions of a firm affect its rivals, so all the firms are interdependent on each other.  

The firms are price makers. There is high restrictions on entry of firms in the market.

4 0
3 years ago
Mooradian Corporation’s free cash flow during the just-ended year (t = 0) was $250 million, and its FCF is expected to grow at a
LenaWriter [7]

Answer:

the firm’s total corporate value is 3.500.000.000

Explanation:

Consider the following formula to calculate the corporate value of the firm

Firm Total Corporate Value =Free cash flow (T1) / Ke - G

= 250.000.000 ( 1+0.05)/12.5%-5%

= 3.500.000.000

7 0
3 years ago
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