1. m1 includes more than just currency because
a. people hold money as other stores of value such as savings accounts and money market mutual funds.
b. other assets can also be used to make transactions to buy goods and services.
c. the federal mint makes a profit from printing currency as dollar bills.
d. the government wants to be able to quote that there is a large amount of money in the economy.
2. the amount of u. s. currency outstanding averages to about $2,800 per person in the u. s. this large amount of currency per person can be partially explained because
a. many u. s. dollars are held outside of the country by foreigners.
b. most people carry large quantities of currency in their wallets and purses.
c. rich people hold massive amounts of currency in vaults and safes, which makes the average large.
d. all of the above.

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Tariffs and quotas are often imposed when a government is more responsive to interests, and the benefits of those trade restrictions are often ; concentrated producer; widely dispersed consumer; widely dispersed consumer; concentrated

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?