Answer: Option (d) is correct.
Explanation:
If people decided to hold less currency relative to deposits, then the money supply rises in the economy. Since large portion of currency they deposited into banks. As these deposits increases money supply in the economy through money multiplier.
Fed could try to neutralize the impact of this factor by selling treasury bonds to public. Therefore, money supply decreases to some extent.
Answer:
1. Calculate the net profit margin and accounts receivable turnover for 2019
Net profit margin = Net income/Net sales
Net profit margin = 36,000/(219000-4000)
Net profit margin = 16.74%
A/R turnover = Sales/Average turnover
A/R turnover = (219000-4000)/((32000+39000)/2)
A/R turnover = 6.06
2. How much does Nash make on each sales dollar?
= 36,000 / (219000-4000)
= 36,000 / 215000
= $0.17
3. How many days does the average receivable take to be paid (assuming all sales arc on account)?
Days Sales Outstanding = Average account receivables*365 / Net credit sales
Days Sales Outstanding = [((32000+39000)/2)*365] / (219000-4000)
Days Sales Outstanding = 12957500/215000
Days Sales Outstanding = 60 days
Office of Management and Budget
As a part of the federal budgeting process, an executive agency called the Office of Management and Budget reviews all agency budgets and ensures that they conform to the intent of the policy.
Answer:
What would be the result? What additional information, if any, would you need to know to decide the case?
To determine who would win this case, we need to know two things:
- The non-compete agreement was supposed to last how many years, e.g. 1 or 2 years, maybe 3?
- When did Clifford Witter stopped working for Arthur Murray Dance Studios and when did he started to work for Fred Astaire Dancing Studios?
Most states consider non-compete agreements valid only if they last up to 2 or 3 years at most (which is considered a reasonable time). If Clifford started to work at Fred Astaire before the non-compete clause was over (assuming it lasted a reasonable time) then Arthur Murray would win. But if Clifford started to work at Fred Astaire after the non-compete clause was over, then there is nothing Arthur Murray can do to win the case.
Answer:
The correct option is Debit Notes Receivable $100,000; credit Accounts Receivable $100,000
Explanation:
The journal entry to record when the notes receivable was signed to credit accounts receivable with the original value of the debt and debit same amount to notes receivable as is the case with the first option.
The interest due on the notes of $2,000 ($100,000*12%*2/12) would be recognized when the notes receivable become due for payment not immediately