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const2013 [10]
3 years ago
6

The quantity of money demanded rises (that is, there is a movement along the money demand curve) when:

Business
1 answer:
Harrizon [31]3 years ago
4 0

Answer:

<em><u>by </u></em><em><u>increasing</u></em><em><u> </u></em><em><u>the </u></em><em><u>opportunity </u></em><em><u>cost </u></em><em><u>of </u></em><em><u>holding </u></em><em><u>money,</u></em><em><u> </u></em><em><u>a </u></em><em><u>high </u></em><em><u>interest</u></em><em><u> </u></em><em><u>rate </u></em><em><u>reduce</u></em><em><u> </u></em><em><u>the </u></em><em>quantity</em><em> </em><em>of </em><em>money </em><em>demanded</em><em>.</em><em> </em><em>This </em><em>movement </em><em>up </em><em>and </em><em>to </em><em>the </em><em>left</em><em> </em><em>along </em><em>the </em><em>money </em><em>demand </em><em>curve</em><em>.</em><em> </em>

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The following selected accounts from the Pina Colada Corp.’s general ledger are presented below for the year ended December 31
Snowcat [4.5K]

Answer:

Pina Colada Corp.

Multi-step Income Statement for the year ended December 31, 2017:

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Sales returns and allowances                 39,360

Net Sales                                            2,264,640

Cost of goods sold                              1,041,600

Gross profit                                         1,223,040

Rent revenue                                          23,040

Gross operating revenue                  1,246,080

Depreciation expense             120,000

Salaries and wages expense 648,000

Freight-out                                24,000

Advertising expense                52,800

Sales discounts                           8,160

Insurance expense                   14,400

Total operating expenses                   867,360

Operating income (EBIT)                   $378,720

Interest revenue                                   28,800  

Interest expense                                 (67,200)

Income before taxes                       $340,320

Income tax expense                            67,200

Net income                                       $273,120

Retained earnings                             513,600

Dividends                                          (144,000)

Retained earnings, Dec. 31, 2017  $642,720

Explanation:

a) Data and Calculations:

December 31, 2017:

Common stock 240,000

Retained earnings 513,600

Inventory 64,320

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Sales returns and allowances 39,360

Rent revenue 23,040

Interest revenue  28,800  

Cost of goods sold 1,041,600

Depreciation expense 120,000

Salaries and wages expense 648,000

Freight-out 24,000

Advertising expense  52,800

Sales discounts 8,160

Insurance expense 14,400

Interest expense 67,200

Income tax expense 67,200

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3 years ago
Which of the following strategies makes a profit when the stock price declines and loses money when the stock price increases? (
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3 years ago
यासकी-चान को अपने बेड़ पर चढ़ाने के लिए तोत्तो-चान ने अथक प्रयास
Fittoniya [83]

उत्तर

यासाकी चान

दृढ़निश्चयी था और एक मेहनती कार्यकर्ता था।

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