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2 years ago

From the end of 2010 to the end of 2011, M1 increased from $2,006 billion to $2,311 billion. By what percentage did M1 increase?

Business

1 answer:

SIZIF [17.4K]2 years ago

4 0

Answer:

15.20%

Explanation:

The computation of the M1 increase is shown below:

= (M1 End of the year 2011 - M1 end of the year 2010) ÷ M1 End of the year 2010

= ($2,311 billion - $2,006 billion) ÷ ($2,006 billion)

= 15.20%

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Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 31,000 shares authorized, 15,6

notsponge [240]

Answer:

Dr Retained earnings $6,200

Cr Dividends payable $6,200

Explanation:

The shares entitled to dividends payment are those outstanding as at when dividends were declared,that is those shares in issue as at the date of dividend declaration,in essence only the outstanding shares of 12,400 are entitled to dividend payment of $0.50 per share.

The amount of dividend payment=$0.50*12,400=$6,200

The total dividends declared of $6,200 would be debited to retained earnings and credited to dividends payable until the payment date when the cash would be settled.

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2 years ago

A ________ rate means the value of the currency is fixed relative to a reference currency and then the exchange rate between tha

Harlamova29_29 [7]

Answer:

Pegged exchange rate system

Explanation:

In the pegged exchange rate system, a country ties its currency exchange price to that of a more widely used currency at a fixed rate. The US dollar is the most accepted currency for international trade. Countries that use the fixed exchange system peg their currency price to the US dollar. The government will set a fix the exchange rate of its currency relative to the US dollar value.

A pegged exchange rate is also known as a fixed exchange rate. A pegged or fixed exchange rate keeps the currency value within a narrow range. It gives certainty to exporters and importers and helps the government to keep inflation low.

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2 years ago

Read 2 more answers

The Ishares Bond Index fund (TLT) has a mean (average) and annual standard deviation of realized returns of 6% and 10%, respecti

Aliun [14]

Answer:

(A). Law of 68 per cent 

range = mean + /- 1(standard deviation)

= 9 + / -1(10)

= 9 - 1(10) to 9 + 1(10)

= -1 to 19

(B). Law of 95 per cent 

range = mean +/- 1.96(standard deviation)

= 9 +/- 1.96(10)

= 9 - 1.96(10) to 9 + 1.96(10)

= -10.6 to 28.6

(C). Law of 99 per cent 

range = mean +/- 3(standard deviation)

=9 +/- 310()

=9 - 3(10) to 9 + 3(10)

= -21 to 39

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2 years ago

Three years ago American Insulation Corporation issued 10%, $800,000, 10-year bonds for $770,000. American Insulation exercised

My name is Ann [436]

Answer:

Explanation:

Dr Bond Payable $800,000

Dr Loss on early extinguishment $11,000

Cr Discount on bonds $21,000 (7/10 x $30,000)

Cr Cash $790,000

Supporting calculations:

*Unamortized discount calculation:

Face value of the bond 800,000

Less: issue price of the bond 770,000

Discount on bonds payable 30,000 (800,000-770,000)

Amortization of discount on bonds payable per year under straight line method (30,000/10) 3,000

Unamortized discount for the remaingg 7 years is 21,000 (7*3,000)

*Loss on early extinguishment calculation:

Face value of the bond 800,000

Less: Unamortized discount for the remaingg 7 years 21,000

Carrying value of the bonds (800,000-21,000) 779,000

Retirement price of the bonds 790,000

Loss on early extinguishment -11,000

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2 years ago

He slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price

solong [7]

The term budget constraint denotes the consumption limitation because of a certain income.
The slope of the budget constraint is determined by the relative price of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good.
The concept of budget constraint is used to analyze consumer choices.

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2 years ago