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2 years ago

Can someone Plss answer this question for me

1 answer:

7 0

If I were the Chairman of the Federal Reserve, I would take steps to curtail the rising inflation. I would achieve this by carrying out a open market sale. This would reduce the supply of money in the economy and reduce inflation.

<h3>What is an open market sale?</h3>

Open market sale is a type of contractionary monetary policy. Contractionary monetary policy are steps taken by the government to reduce the supply of money in the economy.

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3 years ago

On July 1, Atlantic Cruise Lines issues a $100,000, eight-month, 7% note. Interest is payable at maturity. What is the amount of

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The answer is $3,500.

Given,

On July 1, Atlantic Cruise Lines issues a $100,000, eight-month, 7% note.

Interest is payable at maturity.

Maturity date = July 1 + 8 months = March 1

Total interest incurred on maturity = Value of the note × Interest rate × time period

= $100,000 * (0.07) (\frac{8}{12})$

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Therefore, the amount of interest expense that the company would record in a year-end adjustment on December 31 is given by:

Interest expense = Total interest incurred on maturity × no. of months as on December 31

= $4,666.67 × $\frac{6}{8}$

= $3,500

Hence, the amount of interest expense that the company would record in a year-end adjusting entry on December 31 is $3,500

Learn more about interest expense:

brainly.com/question/11686424

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2 years ago