Final answer:
Without further context on the company's transaction, we cannot determine what was purchased for $15 million. For the money supply question, line of credit is not part of M1 or M2, traveler's checks and coins are M1, checking account funds are M1, and money in a money market account is part of M2. Regarding shareholders and company sales, money is typically obtained through equity offerings or private placements.
Step-by-step explanation:
Understanding the Purchase of a Company
When deciphering what a company purchased for $15 million, it is essential to analyze the context provided. However, based on the information available, it is not possible to determine exactly what the company bought. The options given are 1) Equipment, 2) Cash, and 3) Note. However, without additional context such as an accounting transaction entry, purchase agreement, or financial statement notes, we cannot definitively answer this question.
The question related to the money supply is more straightforward. Here are the items categorized based on whether they belong to M1, M2, or neither:
a. Line of credit is neither M1 nor M2 because it's a borrowing capacity, not actual money.
b. Traveler's checks not used yet are part of M1.
c. Coins in your pocket fall into M1.
d. Funds in your checking account are within M1.
e. Money in a money market account is considered part of M2.
Lastly, when looking at a company with numerous shareholders, one key question is, how and when does the company obtain money from its sale? This typically occurs through initial public offerings (IPOs), subsequent equity offerings, or private placements, and the timing varies depending on the method chosen and market conditions.