Answer:
The correct answer is option c.
Explanation:
Fiat money refers to the currency which is not backed by any physical assets such as gold or silver. Its value is derived from its demand and supply rather than through the value of commodity it is backed by.
Since the currency is not backed by gold, it will not be affected by the discovery of gold. Had it been backed by gold, the money supply would have increased.
Purchasing treasury securities, decreasing the required reserve ratio, decreasing the discount rate will all increase the reserves with the commercial This will lead to an increase in money supply through increased lending.
Since water is an abundant commodity, linking the value of money to water will increase money supply.
Answer:
d. Credit to lease receivable of $35,259
Explanation:
Date General Journal Debit Credit
Cash $45,000
Lease receivable $35,259
($45000 - $9741)
Interest expense $9,741
[($239826-$45000)*5%]
The choices are:
A. Too much output from a social viewpoint.
B. Inefficiently from a private viewpoint.
C. Unprofitably from a private viewpoint.
D. At a price that is too high from a social view.
I think the answer is, <span>A. Too much output from a social viewpoint. To be exempted from contribution means the manufacturer has made an innovation and management of waste that is recommendable for other industries. From the standpoint of those who have observed it has exceeded expectation. It could have made a 0 waste which is also profitable for both the community and the industry as well. </span>
Answer:
the company will have an operating income of $24,200 at sales level of $95,000
Explanation:
<u>Target profit formula:</u>
Fixed cost 29,000
Sales revenue 95,000
Contribution Margin Ratio 56% = 0.56
from each dollar of sales 56 cents remains to afford fixed cost and make a gain:
95,000 x 0.56 = 53,200 contribution
less 29,000 fixed cost = 24,200
