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3 years ago

The M1 money supply is composed of

Business

1 answer:

topjm [15]3 years ago

6 0

Answer:

a. currency, demand deposits, traveler's checks, and other checkable accounts.

Explanation:

The M1 money supply is composed of currency, demand deposits, traveler's checks, and other checkable accounts.

Basically, M1 comprises of the most liquid part of money being supplied and as such can be easily and quickly converted to cash equivalent because it is made up of assets and currency.

Additionally, M1 of money supply only comprises of items that are directly and immediately usable as a medium of exchange when purchasing various goods and services. Thus, M1 doesn't include financial assets and securities such as bonds, savings accounts etc.

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Financial Statements prepared on a modified cash basis of accounting would contain items measured on which, if either, of the fo

Westkost [7]

Answer:

Cash Basis, Accrual Basis

Explanation:

Modified cash basis of accounting would contain items (accounts) measured under both the cash basis of accounting and the accrual basis of accounting.

The modified cash basis combines the usage of the two major bookkeeping practices: cash and accrual accounting. It gets the best of both worlds, recording sales and expenses for long-term assets on an accrual basis and those of short-term assets on a cash basis.

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3 years ago

_____ is defined as the variability of inputs and outputs of services, which makes services less standardized and uniform than g

tekilochka [14]

heterogeneity defined as the variability of inputs and outputs of services, which makes services less standardized and uniform than goods.

5 0

4 years ago

A firm with a net income of $30,000 and weighted average actual shares outstanding of 15,000 for the year also had the following

scZoUnD [109]

Answer:

A. $1.70

Explanation:

Available Information:

Actual average number of shares outstanding = 15,000 shares

Total common shares issued on conversion = 2,900 share

First Calculate Weighted average number of shares outstanding using following formula:

Weighted average number of shares outstanding = Actual average number of shares outstanding + Total common shares issued on conversion

Weighted average number of shares outstanding = 15,000 + 2,900

Weighted average number of shares outstanding = 17,900 shares

Now Put all the value in the following formula of Diluted EPS:

Diluted EPS = Net Income - Preferred dividend / Weighted average number of shares outstanding

Diluted EPS = ( $30,000 - $4,500 ) / 15000 shares

Diluted EPS = $25,500 / 15000 shares

Diluted EPS = $1.70 / Share

3 0

4 years ago

n the 1930s, what caused Canada to respond by raising its tax on goods imported from the United States? the Glass-Steagall Act t

Misha Larkins [42]

In the 1930s Canada decided to raise taxes on goods imported in the United States in retaliation for the high tariffs that were created by the Hawley-Smoot Tariff. The Hawley-Smoot Tariff raised tariffs on nearly 20,000 imported goods to the United States to extremely high levels. This policy was put in place in an effort to protect American jobs following the Great Depression, but instead closed the U.S. economy off to the global market most likely hurting the American economy further.

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3 years ago

Quanti Co., a calendar-year taxpayer, purchased small tools for $5,000 on December 21, Year 1, representing the company’s only p

Jlenok [28]

Answer: Option A is the right answer

Explanation: Evidences in most cases has shown that MACRS is all about applying convention for one and a half year on assets. So when an entities owns 35-40% of an asset in forth quarter, Mid quarter convention will be applied for only one half of the last quarter, logically one and half month in the last quarter.

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4 years ago