Answer:
B) Long-term debt
Explanation:
Long term debts are loans that are due in more than 1 year, and generally bonds are due in several years.
- Revolving credit agreements is a revolving line of credit where the client uses the funds only when they need it.
- Commercial papers are short term promissory notes (due in less than 1 year).
- Trade credit is usually handed out by a company's vendors where you receive merchandise and pay for it later (usually in a month or two).
Answer:
the answer is true. some economic goals do conflict with each other.
Answer:
No Account and explanation Debit Credit
1. Rent expense ($4,300/5) $860
Prepaid rent $860
(To record adjusted rent expense)
2. Supplies expense (7,250-2,950) $4,300
Supplies $4,300
(To record adjusted supplies)
3. Depreciation expense $460
[(44,160/8)/12]
Accumulated depreciation $460
(To record depreciation)
Answer: monitoring, management of personal resources, time management
Explanation:
To solve this problem, we should remember that the formula
for reserve ratio is:
r = reserves / demand deposits
Where,
r = reserve ratio
reserves = $ 3 billion in government securities
Therefore the demand deposits is:
demand deposits = $ 3 billion / 0.25
demand deposits = $ 12 billion
Since $ 3 billion was bought, therefore the increase in the
lending ability of the commercial banks is:
$ 12 - $ 3 billion = $ 9 billion
Answer:
$ 9 billion