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ddd [48]
2 years ago
10

October 2010, the amount of money held by individuals and companies was $893.4 billion; checkable deposits owned by the same ind

ividuals and companies were $345.6 billion; money market funds were $1.9423 trillion; savings deposits were $989.4 billion, finally, time deposits were $243.8 billion.
What is the M1 for October 2010?
Business
1 answer:
Sloan [31]2 years ago
4 0

Answer:

M1 $1.24 trillion

M2 $4.41 trillion

M1 and M2 money have several definitions, ranging from narrow to broad. M1 = coins and currency in circulation + checkable (demand) deposit + traveler's checks. M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.

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What is the purpose of AH&LA ?
Kryger [21]
AH & LA was made to focus on the needs of every segment of lodging industry.
5 0
3 years ago
Lake Co. receives nonrefundable advance payments with special orders for containers constructed to customer specifications. Rela
klasskru [66]

Solution :

We calculate the advances form the customer to be reported as the current liability as on Dec. 31, 2009 in the balance sheet as follows :

          <u>  Particulars  </u>                                                               <u>  Amount ($)</u>

Customer advances the balance Dec 31, 2008                           110

Add : advances that is  received with 2009 orders is                 195

Less : advances applicable to the orders in 2009                      -180

Less : advances from orders that are canceled in 2009          <u>  -45  </u>

Advances from the customers liability Dec. 31, 2009                  80

Therefore, the advance from the customer to be reported in the balance sheet as the current liability is $80.

6 0
2 years ago
A decrease in supply would best be reflected by a change from
Sergeu [11.5K]

When there is a decrease in supply, it would be reflected by a change from Curve A to Curve C.

<h3>How are supply decreases reflected?</h3>

When supply decreases, it leads to the supply curve shifting to the left to show that there is a lesser quantity available.

In the graph therefore, a decrease in supply would be shown as a shift from Curve A to Curve C or Curve B to Curve A.

Find out more on decreases in supply at

#SPJ12

6 0
2 years ago
Suppose there is a fiscal contraction. Which of the following is a complete list of the variables that must decrease? A) consump
Neko [114]

Answer:

C) consumption and output

Explanation:

A fiscal contraction refers to decreasing a government's deficit. A government has a deficit when it spends more than the revenue it gets from taxes. Therefore if the government wants to reduce its deficit, it will decrease public expenditure and/or increase taxes. Any of those actions will also lead to a decrease in public consumption and total economic output.

5 0
2 years ago
Your landscaping company can lease a truck for $8,700 a year (paid at year-end) for 7 years. It can instead buy the truck for $4
rosijanka [135]

Answer:

A. $45,295.419

B.Cheaper to LEASE

C.$48,919.0525

D. Cheaper to BUY

Explanation:

a. Calculation for the present value of the cost of leasing

Present value=8,700/8%*(1-1/1.08^7)

Present value=8,700/0.08*0.41650960

Present value=108,750*0.41650960

Present value=$45,295.419

Therefore the present value of the cost of leasing will be $45,295.419.

b. Based on the above calculation it cheaper to LEASE than to buy

c. Calculation for the present value of the cost of leasing if the lease payments are an annuity

Present value =8,700/8%*(1-1/1.08^7)*1.08

Present value=8,700/0.08%*(1-1/1.08^7)*1.08

Present value=8,700/0.08%*0.41650960*1.08

Present value=108,750*0.41650960*1.08

Present value=$48,919.0525

Therefore the present value of the cost of leasing if the lease payments are an annuity due will be $48,919.0525.

D. Based on the above calculation it is Cheaper to BUY than to lease.

3 0
3 years ago
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