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Oksi-84 [34.3K]
3 years ago
7

Assume that in a country there are the following assets: $700 Federal Reserve Notes in circulation, $400 in money market funds;

$300 of corporate bonds; $50 Iron ore deposits; $100 currency in commercial banks; $140 in savings deposits; $1500 in checkable deposits; $100 in small denominated time deposits; and $40 coins in circulation. a. What is the value of M1 in this country
Business
1 answer:
AleksAgata [21]3 years ago
7 0

Answer: $2240

Explanation:

The money supply simply refers to the total volume of money that is held by the public at a certain point in time. The value of M1 in this country will be calculated thus:

= Federal Reserve Notes in circulation + Coins in circulation + Checkable deposit

= $700 + $40 + $1500

= $2240

Therefore, M1 is $2240

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A. bank teller

Explanation:

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3 years ago
the market value of the equity of Ginger, Inc., is $710,000. The balance sheet shows $45,600 in cash and $227,800 in debt, while
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Answer:

3.34 times

Explanation:

Ginger incorporation has a market valu of equity of $710,000

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Cash is $45,600

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The first step is to find the enterprise value

= market capitalization + debt -cash

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= $937,800-$45,600

= $892,200

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3 years ago
Ordonez Lumber Yard has a current accounts receivable balance of $442,016. Credit sales for the year just ended were $9,358,610.
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Answer:

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Average collection period= Days' sales in receivables = 17.239 days

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3 years ago
Luxury Swiss chalet hotel general manager reported to her owner that the hotels occupancy index for calendar year 2019 was 1.25.
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the Swiss Chalet had higher occupancy than its competitive set in 2019

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