_____ is information about data—its content, quality, condition, origin, and other characteristics.

Suppose that the reserve ratio is 10% when the Fed sells $25,000 of U.S. Treasury bills to the banking system. If the banking sy

andre [41]

Answer:

d $250,000; subtracted from

Explanation:

Sales of U.S. Treasury bills to the banking system by the Fed is a contractionary monetary policy that will reduce the money supply.

Based on the money supply multiplier, the amount of the reduction in money can be calculated as follows:

Amount of reduction in money supply = $25,000 / 10% = $250,000.

Therefore, if the banking system does NOT want to hold any excess reserves, <u>250,000</u> will be <u>substracted from</u> the money supply.

7 0

3 years ago

Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2018, 150 share

amid [387]

Answer and Explanation:

The journal entries are shown below:

On Mar 1

Cash (2,200 × $17) $37,400

To Common Stock (2,200 × $1) $2,200

To Paid in capital in excess of par - Common stock (2,200 × $16) $35,200

(Being the issuance of the common stock is recorded)

On April 1

Cash (150 × $32) $4,800

To Preferred stock (150 × $10) $1,500

To Paid in capital in excess of par - Preferred stock (150 × $22) $3,300

(Being the issuance of the preferred stock is recorded)

O Jun 1

Dividends $2,820

Dividends payable $2,820

(Being the dividends declared is recorded)

On June 30

Dividends payable $2,820

To Cash $2,820

(Being the dividends paid is recorded)

On Aug 1

Treasury stock (250 × $14) $3,500

To Cash $3,500

(Being the treasury stock is recorded)

On Oct 1

Cash (150 × $16) $2,400

To Treasury stock (150 × $14) $2,100

To Paid in capital in excess of par -Treasury stock (150 × $2) $300

(Being the reissue of treasury stock is recorded)

The computation of the dividend is shown below:

For common stock

= (2,200 + 2,200) × $0.60

= 4,400 × $0.60

= $2,640

For preferred stock

= (150 + 150) × $0.60

= $180

Total dividends is

= $2,640 +$180

= $2,820

4 0

3 years ago

Tom frequently _______ in the 4 of his friends and family. My Answer:

Vesnalui [34]

The correct answer is meddles. The sentence will be phrased as, Tom frequently meddles in the 4 of his friends and family.
Medals are a noun which is defined as receiving a reward because of an achievement from a specific field.
Metals are inorganic objects such as Aluminium and others.
Mettles doesnt exist.

6 0

3 years ago

On January 1, 2019, Smith, Inc., has the following balances for accounts receivable and allowance for doubtful accounts: Account

slava [35]

Answer:

1. $372,150

2. $650

Explanation:

1. Smith's preadjustment balance in accounts receivable on December 31, 2019:

= Accounts Receivable on January 1, 2019 + Credit sales - Collected accounts receivable - uncollectible accounts receivable

= $386,000 + $2,895,000 - $2,905,000 - $3,850

= $372,150

2. Smith's preadjustment balance in allowance for doubtful accounts on December 31, 2019:

= Allowance for Doubtful Accounts (a credit balance) on January 1, 2019 - uncollectible accounts receivable

= $4,500 - $3,850

= $650

3. The Journal entry is as follows:

Bad Debt Expense ($3,800 - $650) A/c Dr. $3,150

To Allowance for Doubtful Accounts $3,150

(Record adjusting entry for bad debt expense estimate)

5 0

3 years ago

If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be

masya89 [10]

If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be B to A.

<h3>What happens when prices rise?</h3><h3 />

For Normal goods, a rise in prices would mean a fall in the quantity demanded. This is shown by the demand curve which shows the relationship between the quantity demanded and price.

When there is a price change, the movement will be along the demand curve which means that the demand curve would see a movement from Point B to Point A for coconuts.

Find out more on price changes and the demand curve at brainly.com/question/1139186

#SPJ1

8 0

1 year ago