What is the book value of muffin's masonry's assets today and the market value of these assets

Checking accounts at a local bank carry an average balance of $3,000. The bank turns over its balance 6 times a year.

SIZIF [17.4K]

Answer:

$1500

Explanation:

The average cash is $3000 which is turned over 6 six times a year.

In other words average cash that flowed through the bank on monthly basis is computed thus:

average monthly cash=(average cash *rate of cash turnover)/12months

=($3000*6)/12months

=$1,500.00

5 0

4 years ago

What is the term used to describe the impact of the manufacturing process on the entire economy?

Cerrena [4.2K]

Answer:

Multiplier effect

Explanation:

The term used to describe the impact of manufacturing process on the entire economy is called Multiplier effect. Multiplier effect measures the impact on other industries with an increase in economy of a specific industry.

It is the increase in final income with an injection of demand in the market flow. There when a manufacturing process of any specific industry increases or decreases there is a relative impact on the entire economy.

5 0

3 years ago

Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells

Tresset [83]

Answer:

e. decrease its level of table production

Explanation:

MC = 200.

Market price = 150 which cannot be changed by any firm.

MC is greater than price = MR then in order to maximise profit MR has to be equal to marginal cost

MC has to be decreases to $150 which is possible only when it reduces output.

6 0

4 years ago

If a country engages in international trade to gain access to natural resources, they

murzikaleks [220]

Answer:

4578754445765567854456765455675567

5 0

2 years ago

During the mIdentify which of the following items would be reported in the balance sheet. a. Cash d. Wage expense g. Net income

77julia77 [94]

Answer:

1. B. a, c, e, f, and h

2. A. $302,000

Explanation:

1. During the month, Identify which of the following items would be reported in the balance sheet.

a. Cash ......................Current Asset in Balance sheet

d. Wage expense

g. Net income...........Retained Earnings in Balance sheet

b. Sales

e. Wages payable....Current liability in Balance sheet

h. Inventory.................Current Asset in Balance sheet

c. Long-term debt......Long term liability in Balance sheet

f. Retained earnings..Shareholders Equity in Balance sheet

i. Cost of goods sold

2. Weimar World, a tax-preparation service, had the following transactions.

* Billed $496,000 in revenues on credit

* Received $164,000 from customers' accounts receivable

* Incurred expenses of $194,000 but only paid $87,700 cash for these expenses

* Prepaid $32,220 for computer services to be used next month

Therefore the company's accrual basis net income for the month will be:

Sales...........................................................$496,000

less: Expenses .........................................$194,000

Net Profit $334,200

3 0

3 years ago