Which of the following changes decreases the demand for money?
|
Increase in the risk of stock market |
||
|
Increase in the risk of bond market |
||
|
Increase in the liquidity of stocks |
||
|
Increase in the liquidity of bonds |
||
|
None of the above |
In: Economics
Match the following changes in equilibrium wages and quantity with their explanations
equilibrium wage increases and equilibrium quantity decreases
equilibrium wage decreases and equilibrium quantity increases
both equilibrium wage and equilibrium quantity increase
both equilibrium wage and equilibrium quantity decrease
____20. A decrease in the price of a gross substitute to labor
____21. An increase in the availability of nonlabor income.
____22. A decrease in the price of a gross complement to labor
____23. Wages in an alternative occupation decrease
In: Economics
In: Economics
In: Physics
Which statement is incorrect?
| If the bank makes changes to the company's account, the company will have to record transactions in the general ledger accounts to reflect these changes. | |
| Bank reconciliation is an activity to ensure that differences are not a result of errors, either by the bank or the company or by theft of funds. | |
| Bank reconciliation is used to determine the correct balance in all general ledger accounts. | |
| Bank reconciliation is a procedure used to determine the correct cash balance in an account by reconciling the activity recorded in the account with the activity recorded on the bank statement. |
In: Accounting
1. The two methods of calculating the changes in the value of money and price level are
| a. |
the GDP deflator and the consumer price index and both has the same results. |
|
| b. |
the inflation rate and the GDP deflator and both gives different results. |
|
| c. |
the inflation rate and the consumer price index and both gives exact results. |
|
| d. |
the GDP deflator and the consumer price index and both may have different results. |
2. A typical consumer buys 15 cookies and 2 packs of coffee.
|
Year |
Price of |
Price of a |
|
2019 |
$40 |
$3 |
|
2018 |
$45 |
$4 |
|
2017 |
$50 |
$3 |
Refer to Table. Assuming the base year is 2019, then the economy’s inflation rate in 2018 is
| a. |
20 %. |
|
| b. |
12 %. |
|
| c. |
30 %. |
|
| d. |
28 % |
3. Table: The table below pertains to an economy in which the typical consumer’s basket consists of 5 tennis rackets and 10 box of tennis balls.
|
Year |
Price of a |
Price of a |
|
2012 |
$24 |
$9 |
|
2013 |
$30 |
$11 |
|
2014 |
$32 |
$12 |
Refer to Table. Based on the above information the cost of the basket in 2012 was
| a. |
$247.5. |
|
| b. |
$23. |
|
| c. |
$200. |
|
| d. |
$210. |
4. One of the problem with CPI is
| a. |
it takes into account the change in the quality of goods produced over the years. |
|
| b. |
it cannot help in figuring out the inflation. |
|
| c. |
it might not always take into account the introduction of new goods accurately. |
|
| d. |
it can only help in calculating inflation but not deflation. |
In: Economics
Prepare an income statement, a statement of changes in equity, and a statement of financial position for Norman Rae Ltd., a service business, from the items listed below for the month of October, 2018:
...... Accounts payable............................................................................. $10,000
...... Accounts receivable......................................................................... 14,000
...... Cash................................................................................................. 10,000
...... Common shares............................................................................... 28,000
...... Dividends paid.................................................................................. 6,000
...... Income tax expense......................................................................... 4,500
...... Equipment........................................................................................ 30,000
...... Supplies............................................................................................ 2,800er.
...... Supplies expense............................................................................. 3,500
...... Rent expense................................................................................... 3,000
...... Retained earnings, October 1.......................................................... 15,000
...... Salaries expense.............................................................................. 7,000
...... Service revenue............................................................................... 28,500
...... Utilities expense............................................................................... 700
In: Accounting
Trading securities are reported at _, and any changes from cost are reported as part of _.
A cost, net income
B fair value, net income
C cost, stockholders' equity
D fair value, stockholders' equity
Under the _ method, the balance in the stock investment is updated to reflect the investor's share of cash dividends received and proportionate share of net income or loss.
A cost
B equity
C consolidation
D debt
In: Accounting
Define and explain the components of and relationship among the income statement, statement of changes in owner's equity, balance sheet, and cash flow statement. Please write at least a paragraph describing each of the reports, and a paragraph describing the relationships among the reports.
In: Accounting
The ________ reflects changes due to stock issues/repurchases and the amount of net income that the firm has retained; illustrating how the company is managing it's earnings.
| Income Statement |
| Statement of Stockholders Equity |
| Statement of Cash Flows |
| Balance Sheet |
In: Finance