1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Allushta [10]
3 years ago
6

Allen deposits $2,000 in his local bank. He earns 2 percent interest each year on his deposit. Jessica borrows $1,000 from the s

ame bank. She is charged a 7 percent interest rate on the borrowed money. How do these bank practices affect the money supply in the community?
A. In Allen's case, but not Jessica's, the money supply decreases.

B. In both Allen's and Jessica's cases, the money supply decreases.

C. In Jessica's case, but not Allen's, the money supply stays the same.

D. In neither Jessica's nor Allen's case does the money supply increase.
Business
2 answers:
Zarrin [17]3 years ago
8 0
A is the correct answer
Yanka [14]3 years ago
6 0

Answer:

A is the correct answer,

Explanation:

I got it right on the test

You might be interested in
When a home is hit with a assessment to pay for an improvement in the neighborhood such as sidewalk repair, or paving a road, or
enyata [817]

Answer:

Brokers must disclose the information regarding the improvement and the fact that the property's taxes will increase the next year. Neighborhood improvements are paid by  Special Assessment Districts adding taxes to existing properties or increasing sales taxes. Buyers need to know what property taxes they are expected to pay, and in this case, the current property taxes must be adjusted to show the real amount that will  be paid in the future.

This isn't something necessarily bad because you are going to pay higher taxes, but your neighborhood is also improving.

8 0
3 years ago
The decision by GE to do business, through subsidiaries, with Iran would have been made at what organizational level? a. First-l
bekas [8.4K]

Answer:

D. Top management

Explanation:

The top management of a company has the duty to oversee the entire company's operation. They are also the one that make a decision which will heavily influence the company's position in the future.

A decision for company to do business with subsidiaries with another country possess a lot of risk. It tends to require a lot of investment but with equally higher return.  Decision with this magnitude will most likely fall to the hands of the top managers in the company.

3 0
3 years ago
P. Jameson Co. sold $500 of merchandise on Master Card credit sales. The net cash receipts from the sale are immediately deposit
Alchen [17]

Answer:

The journal entry would be as follows:

Account                                  Debit           Credit

Cash                                       $480

Sales Revenue                                           $500

Credit Card Expense                                 $20

The Credit Card Expense corresponds to the 4% fee that Master Card charged P. Jameson Co. ($500 x 20% = $20)

4 0
3 years ago
Economists usually assume that production is subject to increasing opportunity costs because: a. higher production usually resul
umka2103 [35]

Answer:

d. not all resources are equally suited to producing every good.

Explanation:

The rule of increasing cost of opportunity is the principle that, when you keep increasing the development of one item, the cost of opportunity of creating the next unit rises. It occurs just as you redistribute resources to create one product which was ideally suited to create the initial product.

8 0
3 years ago
Bubbles Inc. produces gummy bears. The company purchases raw materials, stores them in warehouse, and then runs them through two
rusak2 [61]

Answer:

D. $65,000

Explanation:

Data provided

Direct labor = $56,500

Manufacturing overhead = $8,500

The computation of Conversion costs is shown below:-

Conversion costs = Direct labor + Manufacturing overhead

= $56,500 + $8,500

= $65,000

Therefore for computing the conversion cost we simply add the direct labor with manufacturing overhead.

8 0
3 years ago
Other questions:
  • A business renders services to a client and issues a sales invoice. The amount will be collected from the customer at a later ti
    12·1 answer
  • Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem
    10·1 answer
  • Your small remodeling business has two work vehicles. One is a small passenger car used for job-site visits and for other genera
    7·1 answer
  • The present value of $200 to be received 10 years from today, assuming an opportunity cost of 10 percent, is
    9·1 answer
  • Assuming constant inventory quantities, which of the following inventory-costing methods will produce a lower inventory turnover
    15·1 answer
  • n spreadsheet programs, labels and constant values are always copied exactly to the new location; what happens to formulas when
    10·1 answer
  • Duffert Industries has total assets of $1,080,000 and total current liabilities (consisting only of accounts payable and accrual
    14·1 answer
  • The normal rate of return on equity capital is also known as
    14·1 answer
  • Give an example of a requirements contract associ-<br> ated with school.
    15·1 answer
  • a. Jamie purchases a washer and dryer from McKinney Appliances. She applies for the instore credit card. The application contain
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!