Answer:
E) not changed either M1 or M2.
Explanation:
M1 includes bills and coins in circulation, checking accounts, travelers' checks and other checkable deposits.
M2 includes M1 + savings accounts, certificates of deposits and money market funds.
Since Susan received $200 in cash (included in M1) and deposited the money in her checking account (also included in M1), neither M1 nor M2 is modified.
Answer:
enter
outward until the new equilibrium price is $40
Explanation:
The trading profit and loss account
Answer:
the material quantity variance is $1,350 unfavorable
Explanation:
The computation of the material quantity variance is given below:
Materials quantity variance is
= (Actual quantity × Standard price) - (Standard quantity × Standard price)
= (21,200 × $1.50) - [(2,900 × 7) × 1.5]
= $31,800 - $30,450
= $1,350 Unfavourable
Hence, the material quantity variance is $1,350 unfavorable
