Answer:
$10,000 million
Explanation:
The computation of the change in the money supply is shown below:
At 10%
Required reserves= deposits × required reserve ratio
= $1000 million × 10%
= $100 million
Now
The total amount of money supply is
New deposits= 1 ÷ required rate of return x deposits
= 1 ÷ 10% × $1000 million
= 10 x $1000
= $10,000 million
At 5%
As we know that
Required reserves= deposits × required reserve ratio
= $1000 million × 5%
= $50 million
Now
The total amount of money supply is
New deposits= 1 ÷ required rate of return x deposits
= 1 ÷ 5% × $1000 million
= 20 x $1000
= $20,000 million
Now change in supply is
= $20,000 million -$10,000 million
= $10,000 million
Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
On August 4
Account Receivable $610
To Sales Revenue $610
(Being the goods sold on credit basis is recorded)
On August 7
Sales Return and Allowances $60
To Accounts Receivable $60
(Being the sales allowance is recorded)
On August 12
Sales Discount $11
Cash $539
To Accounts Receivable $550
(Being the amount paid is recorded after considering the 2% discount
Which buying method can save money but means you must have trust in the reliability of your supplier?
Just in time
Answer:
The answer is D.
Explanation:
Labor force is the number of people or citizens who are within the workforce age that employed and those that are unemployed but are willing and able to work(i.e they are actively searching).
Labor force = employed citizens plus unemployed citizens
Option A and B are wrong because some adults(citizens) are not working and they are not willing to work.
The most important thing here is to show willingness to work and also has the ability to work
