Answer:
market-oriented economy is the correct answer.
Explanation:
The sale and purchase of government securities by the Fed would leave reserves unchanged.
<h3>
What is the effect of the purchase and sale of government securities?</h3>
The Fed is the Central Bank of the United States. One of the duties of the Fed is to conduct monetary policies. Monetary polices are used to affect the level of money supply in the economy.
One of the monetary policy tools of the Fed is open market operation. When the Fed sells government securities, it is known as an open market sales which reduce money supply. When the Fed buys government securities, it is known as an open market purchase which increases money supply.
Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. Reserve ratio is determined by the Fed.
Change in reserve = ( value of government securities bought / reserve ratio) - (value of government securities sold / reserve ratio)
($500 / 0.2) - (500 / 0.2) = 0
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Answer: The provision for doubtful debts is an accounts receivable contra account, so it should always have a credit balance, and is listed in the balance sheet directly below the accounts receivable line item. The two line items can be combined for reporting purposes to arrive at a net receivables figure
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Answer:
110
Explanation:
The consumer price index is an index that measures the inflation rate in a country. It tracks changes in prices for a basket of products and services in a country over time. CPI is calculated with a base year as the reference period.
The formula for calculating CPI with a base year is as below.
consumer price index=cost of the market basket in a given year x100
cost of a market basket at the base
In this case,
CPI = $ 55 x 100
$ 50
CPI = 1. 1 x 100
CPI =110
Answer: Please see the attached excel file for the un-adjusted trial balance.
Explanation: Trial balance is a worksheet that comprises the balances in the account / ledgers balance in debits and credits form, in such a way that all the amounts total zero. The major checker to the trial balance is to ensure that the total amounts equal zero. If there is a difference, it is an indication of imbalance in the trial balance and calls for investigation.
In this scenario, the accounts have been appropriately classified into debit and credit with columns that comprise the normal balance and the account classification.
<u>Please note that dividends was treated as dividend paid (expense) though it was expected to either be dividend payable or dividend income.</u>
