Answer:
b) $10 trillion
Explanation:
Price level = NGDP / RGDP = 2
NGDP / RGDP = 2
As per the quantity theory of money,
MV = PQ
M.(2) = 20
M = 10 trillion
Therefore, The money supply is $10 trillion.
Answer:
The old machine should be replaced.
Explanation:
Note: See the attached excel file for the the analysis showing whether the old machine should be retained or replaced.
From the attached excel file, the following calculation are made:
Variable Manufacturing cost of Retain = Initial Variable Manufacturing cost * remaining useful life of old machine = $592,600 * 5 = $2,963,000
Variable Manufacturing cost of Replace = New Variable Manufacturing cost * Remaining useful life of new machine = $505,500 * 5 = $2,527,500
From the attached excel, it can be observed that the total cost of Retain is $32,200 higher than the total cost of Replace. This therefore implies that the old machine should be replaced.
Answer:
The correct answer is $24,500.
Explanation:
According to the scenario, the given data are as follows:
Total Account receivable = $100,000
Amount collected = $70,000
So, if there is sufficient taxable income, then assume tax rate to be 35%.
So, we can calculate the Gains tax by using following formula:
Gain tax = Amount collected × Tax rate
By putting the value, we get
Gain tax = $70,000 × 35%
= $24,500.
A recurring activity is one that happens on a regular basis. These activities usually are very similar and refer to the same thing and objective. Recurring activities that an organization carries out in order to enhance its efficiency and its ability to meet requirements can lead to c<span>ontinual improvement.
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Answer:
$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.
Explanation:
If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:
Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30
Dr Accounts receivable 2,600
Cr Sales revenue 2,600
Dr Cost of goods sold 1,700
Cr Merchandise inventory 1,700
