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3 years ago

Increasing the reserve requirement is a powerful _____ weapon that reduces the overall supply of money.

1 answer:

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Increasing the reserve requirement is a powerful ANTI INFLATION weapon that reduces the overall supply of money.
In order to reduce the amount of money in an economy, the federal reserve can increase the reserve requirements of the commercial banks in the economy. This will reduce the amount of money that the banks can give out as loan and this will work to prevent inflation.

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Which industry is a good example of the involvement by business in washington lobbying as their number of lobbies has skyrockete

yulyashka [42]

The Healthcare industry is a great example of how the industry has become involved in Washington lobbying, as the number of their lobbies has increased recently.

According to the Public Disclosure Commission (PDC), lobbying is "attempting to influence the approval or rejection of any rule, standard, rate, or another legislative enactment by any state agency under the state Administrative Procedure Act, RCW.

In Washington, the sector that has spent the most on lobbying over the past 24 years is the pharmaceutical and health goods sector. Insurance, electric utilities, electronics manufacturers, and business groups are further businesses that spend a lot of money on lobbying.

The pharmaceutical and health goods business has outspent all others in lobbying spending $5.17 billion total.

To learn more about Lobbying

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6 0

1 year ago

Which of the following is true regarding the trial balance? Select all that apply. The trial balance includes all of the account

Luda [366]

Complete Question:

Which of the following is true regarding the trial balance? Select all that apply.

a) The trial balance includes all of the accounts needed to create the balance sheet and the income statement.

b) The trial balance is much less detailed than the balance sheet and income statement.

c) The accounting principle of materiality says that the information on the trial balance can be combined and simplified into more general reporting items.

d) The accounting principle of money measurement says that the information on the trial balance can be combined and simplified into more general reporting items.

e) The trial balance shows only nominal accounts.

Answer:

a) The trial balance includes all of the accounts needed to create the balance sheet and the income statement.

Explanation:

Company XYZ's trial balance summarizes all the general ledger account balances with the assets and expenses on the debit side and the liabilities, equity, and income on the credit side. It is extracted from the general ledger for all accounts that do not have equal debit and credit sides. It is one of the ways to ensure that proper double entry system of bookkeeping has been followed. That the two sides are in balance does not mean that the trial balance or the general ledger from which it is prepared is error-free. It simply means that the two sides agree in total. XYZ can prepare the trial balance at any time, not necessarily at the end of the period.

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3 years ago

Coronado Industries wants to sell a sufficient quantity of products to earn a profit of $250000. If the unit sales price is $9,

lyudmila [28]

Answer:

Break-even point in units= 450,000 units

Explanation:

Giving the following information:

Desired profit= $250,000

Sales price is $9

Unitary variable cost= $8

Total fixed costs are $200000

To determine the number of units required, we need to use the break-even point formula, including the desired profit.

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (200,000 + 250,000) / ( 9 - 8)

Break-even point in units= 450,000 units

6 0

3 years ago

Carey Company had sales in 2019 of $1,703,700 on 63,100 units. Variable costs totaled $883,400, and fixed costs totaled $549,000

hoa [83]

Answer:

a. CVP income statement for 2020 [ assuming no changes]

Sales $1,703,700

Less Variable Cost ($883,400)

Contribution $820,300

Less Fixed Costs ($549,000)

Net Income/ (Loss) $271,300

a. CVP income statement for 2020 [ assuming changes are made]

Sales (($1,703,700/ 63,100 - $1.40 ) × (63,100 + 5%)) $1,696,128

Less Variable Cost (($883,400/63,100 - $2.80) × (63,100 + 5%)) ($742,056)

Contribution $954,072

Less Fixed Costs ($549,000 +$90,000) ($639,000)

Net Income/ (Loss) $315,072

Explanation:

Adjusting the CVP income statement requires you to first find the current unit selling prices and variable costs. This is done by dividing the Total Sales and Total Variable Costs with the number of units currently sold.

Once you have these apply the changes respectively and remember to increase the number of units as well for the final answer in the line items. Follow carefully the calculations i have done.

7 0

3 years ago

The cash account for Collegiate Sports Co. on November 1, 20Y9, indicated a balance of $81,145. During November, the total cash

m_a_m_a [10]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Bank Reconciliation Statement

Particular Amount ($)

According to the bank statement cash balance 112,675

Add - 30,November deposits, not recorded by bank 12,200

Less - Charging check bank error ($7,250 - $2,750) -4,500

Less - outstanding checks -$41,840

Total Balance 78,535

According to the company’s record cash balance 66,935

Add - Including $385 interest note collected by bank 7,385

Add - Error in recording check($7,600-$760) 6,840

Less - bank service charge -125

Less - Because of insufficient funds check returned -2,500

Total Balance 78,535

According to the Company’s Record Cash Balance

= Company’s Indicated November Balance + Total Cash Deposits - Written Totaled

= $81,145 + $293,150 - $307,360

= $66,935

Journal Entry

On Nov 30

Cash A/c Dr.$14,225

To Interest receivables A/c $7,000

To Accounts payable A/c $6,840

To Interest revenue A/c $385

(Being receipts of cash is recorded)

On Nov 30

Accounts receivables A/c Dr. $2,500

Miscellaneous expense A/c Dr. $125

To Cash A/c $2,625

(Being cash paid is recorded)

3). According to the analysis, the cash should be reported $78,535 if balance sheet is prepared on 30 November,2019.

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2 years ago