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Ksivusya [100]
1 year ago
12

suppose that you are a member of the board of governors of the federal reserve system. the economy is experiencing a sharp rise

in the inflation rate. in this case, the reserve ratio and the discount rate should be
Business
1 answer:
vivado [14]1 year ago
4 0

The board of governors of the federal reserve system. The interest rate that a bank charges another bank for an overnight loan may be referred to as the federal fund rate. In other terms.

It refers to the interest added to any overnight are borrowing or lending of excess reserves by others.The Federal Reserve uses the Federal Fund Rates to help keep inflation under control and promote healthy economic growth.In this situation, where a nation's economy is seeing a strong rise in inflation, I would advise raising the federal funds rate to help rein in the rising inflation rate.The relative abundance or scarcity of reserves at the Federal Reserve is directly tied to both the inflation rate and the Federal Funds Rate.If an economy is going through a sharp and protracted inflationary tendency, I'll suggest the following adjustments.Increase in reserve ratio: I'll do that. Discount percentage: I'll raise the discount percentage.Open market operations: I propose reducing the money supply by increasing the sale of government bonds.

To know more about Fund rates visit:

brainly.com/question/23732411

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Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months
Katen [24]

Answer:

Please see the attached Snapshot for a schedule showing service revenue receivable and below are the journal entries for the year 2013, 2014 and 2015 on Income Taxes.

Explanation:

1. 2013 Journal Entry

Alsup Consulting

Dated: December 31, 2013

Debit: Tax Expense $134,000

Debit: Deferred Tax Liability $4,000

Credit: Income Tax Payable $138,000

<em>To record Income Tax Payable.</em>

2. 2014 Journal Entry

Alsup Consulting

Dated: December 31, 2014

Debit: Tax Expense $108,000

Credit: Income Tax Payable $100,000

Credit: Deferred Tax Liability $8,000

<em>To record Income Tax Payable.</em>

3. 2015 Journal Entry

Alsup Consulting

Dated: December 31, 2015

Debit: Tax Expense $114,000

Debit: Deferred Tax Liability $10,000

Credit: Income Tax Payable $124,000

<em>To record Income Tax Payable.</em>

3 0
2 years ago
Bricktown Exchange purchases a copyright for $50,000. The copyright has a remaining legal life of 25 years, but only an expected
son4ous [18]

Answer:

Correct option is (D)

Explanation:

Given:

Purchase price of copyright = $50,000

Expected useful life = 5 years

Annual depreciation expense as per straight line method:

= Purchase price ÷ useful life

= 50,000 ÷ 5

= $10,000

Only useful life is considered and not legal life.

Carrying value of asset at the end of year = Book value of asset - annual depreciation

Carrying value of copyright at then end of first year = 50,000 - 10,000 = $40,000

Carrying value of copyright at then end of second year = 40,000 - 10,000 = $30,000

5 0
3 years ago
What does phelps need to do if he wants to play a similar transformative role in the marketing and sponsoring of swimming as mic
Sphinxa [80]
<span>Michael Phelps needs to make swimming more accessible, and in that, I specifically mean more visible. Michael Jordan brought basketball to new heights and became a celebrity outside the game. That elevated both him and his sport. Phelps can do that, but he's yet to.</span>
5 0
2 years ago
Men’s Wearhouse purchased black leather belts for $15.99 each and priced them to sell for $29.99 each. What was the markup on th
sukhopar [10]

Answer:

Mark-up percentage= 87.55%

Explanation:

Giving the following information:

Purchased price= $15.99

Selling price= $29.99

<u>To calculate the mak up percentage, we need to use the following formula:</u>

Mark-up percentage= [(selling price - purchase price)/purchase price]*100

Mark-up percentage= [(29.99 - 15.99)/15.99]*100

Mark-up percentage= 87.55%

7 0
2 years ago
you have your first meeting with the main client contact next week. It is very important that the meeting is productive and goes
Evgesh-ka [11]

Answer: There are many points that should be clear in the head before one has meeting with the client. Some of them are discussed here.

Explanation:

1: Objective must be very clear: The main aim or objective of the meeting should be very clear to the speaker and it should be made clear to the listener( client)

2:The meeting should not take much time: The time take by the speaker to make the client understand the facts should be less and precise. It should take much time.

3: The facts and data should be crisp and clear: The data and analysis part should be made clear before presenting it to client  to avoid any confusion during the meeting.

4: Meeting  Etiquette should be followed properly: The ground level manners and etiquette must be followed during the meeting.

8 0
2 years ago
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