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3 years ago

Money's power to buy goods and services changes ________.

Business

1 answer:

vampirchik [111]3 years ago

3 0

Answer:

...with rates of inflation.

Explanation:

The more that a particular currency appears in the market without any work (value) being associated with that currency, the smaller the value of that particular form of currency (For example, the U.S. dollar). When inflation is high, banks will increase interest rates on loans in order to get rid of some of the of the surplus currency in the market, bringing down inflation and increasing the total value of a particular form of currency.

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For many years you have been using your local, small-town bank. One day you hear that the bank is about to be purchased by Bank

kari74 [83]

Answer:

If I was banking with my local town bank and it happens that Bank of Africa purchases it, there are cost and benefits associated with the merge. First, Bank of America is global, meaning that I will be able to access the Services such as ATM services at different points. Second, due to its area of coverage, the services are cheaper compared to the ones I got when it was in my local town. However, due to the monopoly of the bank, they might increase the charges making them more expensive than when the services in the local village. Additionally, it will be a challenge for average customers, such as farmers, to access big banks unless faithful people accompany them.

Explanation:

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3 years ago

Cali Communications reported the figures from its adjusted trial balance and from its multi-step income statement for its first

victus00 [196]

Answer:

The preparation is presented below:

Explanation:

The preparation of the retained earnings statement for the year ended July 31, 2018 is presented below:

Cali Communications'

Retained Earning statement

For the year ended July 31, 2018

Beginning balance of retained earning $0

Add: Net income $5,150

Less: Cash Dividend paid -$0

Ending balance of retained earning $5,150

6 0

3 years ago

Which of the following statements is CORRECT? a. Because most stock ownership is concentrated in the hands of a relatively small

lbvjy [14]

Answer:

d. The potential exists for agency conflicts between stockholders and managers.

Explanation:

A problem of the agency is a conflict of the interest of relationships where one party is expected to act in another best interest and usually refers to the conflicts of the interest between the companies management and the stockholders.

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3 years ago

Presented below is the adjusted trial balance of Splish Brothers, Inc. at December 31, 2017. Debit Credit Cash $ ? Supplies 1,33

igomit [66]

Answer:

Cash $ 5710

Total debit side $ 199200 Credit side $ 199200

Explanation:

We list the correct accounts at the right side. First we add up the credit side to find the total and then subtract the debit side from it to get the cash amount as the debit and credit side of the trial balance must be equal.

Splish Brothers, Inc.

Adjusted trial balance

December 31, 2017.

Debit Credit

Cash $ 5710

Supplies 1,330

Accounts Receivable 3,580

Prepaid Insurance 2,620

Equipment 80,160

Accumulated Depreciation—Equipment $20,100

Trademarks 3,760

Accounts Payable 3,220

Salaries and Wages Payable 920

Unearned Service Revenue 1,060

Bonds Payable (due 2024) 31,880

Common Stock 2,120

Additional paid-in capital 15,160

Retained Earnings 14,720

Service Revenue 30,040

Salaries and Wages Expense 14,080

Insurance Expense 2,400

Rent Expense 3,260

Interest Expense 2,320

Total $ 199200 $ 199200

7 0

3 years ago

What is Equity financing

MakcuM [25]

Equity Financing is when a business owner exchanges a qualified support in the company towards to an investor. Examples that I can name are Initial Public Offering, Small Business Investment Companies, Royalty Financing, and many more that I just listed. I hope it helps to your question and have a blessed day.

7 0

2 years ago