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Zanzabum
3 years ago
9

How did the long sunday holiday contribute to the collapse? check all of the boxes that apply. stockbrokers who still had profit

s on their books were afraid that their profits would disappear. stockbrokers who had losses were afraid that those losses might get larger. bankers had a chance to create a pool of money to support the market. investors decided to get out of the market?
Business
2 answers:
Ilya [14]3 years ago
5 0

The answer is:

Stockbrokers who still had profits on their books were afraid that their profits would disappear.

Stockbrokers who had losses were afraid that those losses might get larger.

Investors decided to get out of the market. 


The stock market closed on weekends. So, when these overwhelming fear build up among investors over the weekend, the majority of investors in the market decided to quickly get out of the market by the time it reach monday. This make the capital in the market taken out too rapidly and contribute to the colapse.

Diano4ka-milaya [45]3 years ago
3 0
Stockbrokers who still had profits on their books were afraid that their profits would disappear.

Stockbrokers who had losses were afraid that those losses might get larger.

Investors decided to get out of the market. 

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John hamilton borrowed $500,000 from stone creek bank to open a new restaurant called sauce-it-up. John transferred $450,000 of
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The appropriate reflection of the cash transactions between these reporting entities is as follows:

        John Hamilton       Sauce-it-up          Stone Creek Bank

Cash   +$500,000           $450,000             -$500,000

           -$450,000

Balance $50,000            $450,000             -$500,000

<h3>What is a reporting entity?</h3>

A reporting entity is an economic unit that publishes general purpose financial reports to enable users make and evaluate their decisions about the allocation of scarce resources.

Thus, John Hamilton's cash holding increased by $50,000 net.  The cash holding of Sauce-It-Up increased by $450,000 while the cash holding of Stone Creek Bank decreased by $500,000.

Learn more about cash flows of reporting entities at brainly.com/question/24179665

7 0
2 years ago
Why might Business classification and behavior change?
Anika [276]
To be more professional in a business sense. If I am the president of a bank I want to be classical and professional. I change with my title.
4 0
3 years ago
Giorgio Italian Market bought $11,000 worth of merchandise from Food Suppliers and signed a 45-day, 8% promissory note for the $
Masja [62]

Answer:

                                                Dr.          Cr.

Purchases / Inventory         $11,000

Promissory Note Payable                  $11,000

Explanation:

Promissory note is a signed document which contains a written promise for payment of stated amount to specific person or bond holder on demand or specified date.

In this case the purchases are made and a promissory note of $11,000 is signed for 45 days at 8% annual rate.

This entry will be recorded as the purchases or Inventory are debited and as promissory note is a short term liability so, promissory note payable is credited resulting increase in inventory as well increase in current liability.

5 0
2 years ago
On June 1 of Year 1, a company paid $2,400 cash to rent office space for one year beginning immediately. Based solely on this in
Neporo4naja [7]

With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.

<h3>What is an income statement?</h3>

An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.

Rent expenses = $2,400 prepaid rent / 12 months

Rent expenses = $200 per month

Rent expenses = $200 rent expense per month x 5 months (in Year 2)

Rent expenses = $1,000 rent expense

In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.

Read more about income statement

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7 0
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8_murik_8 [283]

Answer:

If im right,

Explanation:

It should be business , but if i'm wrong inform me and ill get on it again :D

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