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2 years ago

Suppose the economy is initially in long-run equilibrium. the fed enacts a policy to:____.

Business

1 answer:

adell [148]2 years ago

4 0

Suppose the economy is initially in long-run equilibrium. the fed enacts a policy to the Fed.

The structure or conditions of economic life in a country, region, or era: the economic system. 2a: Economical and Efficient Use of Material Resources: Thrifty Spending: Example or Means of Savings: Savings.

The economy is defined as the management of financial affairs in a community, business, or family. An example in economics is the US stock market system. Careful use of assets, resources, etc. Reduce waste through careful planning and use. economical or frugal use.

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A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n)________.

ozzi

Answer:

d. account This answer is correct

Explanation:

There are various types of accounts that are reported in the financial statements. The financial statement comprises of the income statement, balance sheet, statement of stockholder equity and the cash flow statement.

The recording of the increase in the specific asset, liability, revenue, expense, etc is called as an account

Just in net income, the revenue and expense account is reported. The asset, liability, stockholder equity which is reported in the balance sheet. The change in the values of the item is reported in the respective amount

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4 years ago

A customer has purchased 5,000 shares of ABC Corporation stock in lots of 100 shares over an extended period of time at varying

ozzi

Answer:

c. IRS rules allow the taxpayer to specify which shares being sold

Explanation:

As eahc method will make the capital gain or loss to differ the Internal Revenue Service leaves to the stockholder to decide the method

The default method is the FIFO method which states the first shares purchased are the first sale but, leaves choise to the stockhodler to use specific identification which, is what the statement correctly points out.

The method are not "required" but allowed as the stockholder see fit.

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3 years ago

The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $

Masteriza [31]

Answer:

a. Journal entry to record music lesson

Date Account title and Explanation Debit Credit

October Cash $12,500

Service revenue $12,500

(To record music lesson for cash)

b. Journal entry to record prepaid insurance purchase

Date Account title and Explanation Debit Credit

October Prepaid insurance $3,660

Cash $3,660

(To record prepaid insurance paid for next year)

c. Journal entry to record musical equipment purchased

Date Account title and Explanation Debit Credit

October Equipment $15,500

Cash $15,500

(To record musical equipment purchase for cash)

d. Journal entry to record

Date Account title and Explanation Debit Credit

October Cash $21,000

Notes payable $21,000

(To record loan taken by signing a note)

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3 years ago

How can marketers take advantage of laughable disclaimers in their advertising?

makkiz [27]

Answer:

Explanation:

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3 years ago

AllSpice Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies hav

Cerrena [4.2K]

The contract must be very detailed and should include all the contingencies spelled out in it.

<u>Explanation:</u>

Contract is a document that is made between two or more than two parties who have come in to an agreement with each other over a particular thing. The contract might be a business contract that the parties make which should have the proportion of profit and liabilities of the business that is to be shared among the partners.

Since the profit and losses are to be shared between the business partners on the basis of this contract, the contract should have very detailed information in it and all the contingencies should be spelled out in it.

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3 years ago