The most cost effective way for John to buy a house is on installment basis or by using up all his savings
Answer:
e. It would decrease by S100,000.
Explanation:
Options are <em>"a. It would increase by $100,000 multiplied by the reciprocal of the required reserve ratio. b. It would decrease by $100,000 multiplied by the reciprocal of the required reserve ratio. c. There would be no change to the money supply. d. It would increase by $100,000. e. It would decrease by $100,000."</em>
An individual paid cash in exchange of bond to bank and bank has that cash in its vault. Now, the bank sells securities worth $100,000 to that individual. In this case, the cash at bank will decrease by the amount of securities, that is $100,000 and the money supply also reduce by the same amount of $100,000.
The end of the accounting period fell on a payday for Romero Industries but not for Rose Industries.
Explanation:
Unpaid wages are normally the percentages paid to hourly employees but not yet charged to employers.
According to the cumulative basis of accounting, outstanding wages received by workers but not yet deposited in their accounts must, through an accrual change entry to be entered or recorded:
-
Debit Wages Expense
- Credit Wages Payable or credit Accrued Wages Payable
Expense of wages is an account of income statement. Wages Payable or Accrued Wages Payable is a current account with a balance sheet account documentation.
