There is no change in aggregate M1. M1 refers to money supply.
Answer:
$1,102,820
Explanation:
The computation of the net present value is shown below:
= Present value of yearly cash inflows - initial investment
where,
Present value of yearly cash inflows is
= Annual year cash inflows × PVIFA factor
= $300,000 × 2.9906
= $897,180
And, the initial investment is
= $1,500,000 + $500,000
= $2,000,000
So the net present value is
= $897,180 - $2,000,000
= $1,102,820
Answer:
A. The demand of wheat and corn is basically inelastic and so increases in output drastically reduce price and income to the farmers.
Explanation:
Inelastic demand means the change in price does not affect the purchasers' buying power. The difference in price has relatively little effect on the quantity demanded. Since the demand for wheat is inelastic, price and income will reduce irrespective of increasing production. Therefore, harvesting massive production (wheat or corn) does not bring a high income.
Answer:
$3,000
Explanation:
Given that,
On April 1, 2021, total sales of one-year subscriptions = $12,000
Total number of months for which subscription is received = 12 months
Months Relating to year 2022 for which subscription received on 1 April 2021:
= From January 1, 2022 to March 31, 2022
= 3 Months
Deferred revenue is for the three months.
Therefore, the adjusted balance of Deferred Revenue on December 31, 2021 is as follows:
= Amount of subscriptions received × Time period
= $12,000 × (3 ÷ 12)
= $3,000
The euro is the common currency across Europe.
