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spin [16.1K]
3 years ago
13

When the central bank decides to increase the discount rate, the:?

Business
1 answer:
romanna [79]3 years ago
3 0
If the Central Banks decides to increase the discount rate. Then the commercial banks are less likely to borrow from the federal reserves. The Central Bank has the authority to increase and decrease discount rates in order to monitor the inflation rates of money as well as the prices of basic commodities
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A city orders a new computer for its General Fund at an anticipated cost of $92,600. Its actual cost when received is $94,940. P
Hatshy [7]

Answer:

The Journal entries are as follows:

(a) Government activities:

(i) Computer A/c                  Dr. $94,940

To Vouchers(or accounts) pay                $94,940

(ii) vouchers(or accounts) pay A/c    Dr.  $94,940

To cash                                                                     $94,940

(To record the payment)

**as a result of the purchase and payment, capital assets have gone up by the cost of the computer and cash has been reduced by the same amount

(b) General fund:

(i) Encumbrances control A/c   Dr. $92,600

To Fund balance-reserved for encumbrances $92,600

(ii) Fund bal.-reserved for encumbrances A/c   Dr. $92,600

To Encumbrances control                                                             $92,600

(iii) Expenditures control A/c  Dr. $94,940

To vouchers payable $94,940

(iv) Vouchers Payable A/c   Dr.  $94,940

To Cash                                                       $94,940

Note:

On the statement of revenues, expenditures, and other changes in fund balance, an expenditure of $94,940 will be shown.

Cash will also decrease by that amount.

3 0
4 years ago
Dave Krug contributed $1,000 cash along with inventory and land to a new partnership. The inventory had a book value of $800 and
pav-90 [236]

Answer:

cash                 1,000 debit

inventory        2,000 debit

land                5,000 debit

note payable             3,000 credit

Krug capital Account 5,000 credit

Explanation:

The land and inventories will be accepted at his market value.

Along with cash this are assets which enter the partnership so they are debited.

The note payable decreases the Krug capital contribution. It is credited.

Krug capital account balance will be to complete the entry and make debit = credit.

6 0
4 years ago
The united states department of agriculture (usda) found that the proportion of young adults ages 20–39 who regularly skip eatin
deff fn [24]

Full Question

The united states department of agriculture (usda) found that the proportion of young adults ages 20–39 who regularly skip eating breakfast is 0.238. suppose that lance, a nutritionist, surveys the dietary habits of a random sample of size n=500 of young adults ages 20–39 in the united states.

Apply the central limit theorem for the binomial distribution to find the probability that the number of individuals, ?, in Lance's sample who regularly skip breakfast is greater than 122. You may find table of critical values helpful.

Express the result as a decimal precise to three places.

Answer:

The probability using the Normal Approximation that out of lance’s sample more than 122 people is 0.356

Explanation:

Given

n = Sample Size = 500

p = Probability = 0.238

Using the normal approximation to binomial distribution,

Let X = Event such that a person skips breakfast

If X ~ Binomial (n,p)

Using normal approximation

X ~ Normal (np,npq)

Where n = 500 and p = 0.238

So, X ~ Binomial (n,p) becomes

X ~ Binomial (500 , 0.238)

Using Normal Approximatiom

X ~ (119, 90.678)

The critical table is then constructed as follows;

Binomial --------- Normal

P(X = a) --------- P(a - 0.5 < X < a + 0.5)

P(X ≥ a) --------- P(X > a - 0.5)

P(X > a) --------- P(X > a + 0.5)

P(X ≤ a) --------- P(X < a + 0.5)

P(X < a) --------- P(X < a - 0.5)

Calculating the probability using the Normal Approximation that out of lance’s sample more than 122 people skips

This can be written as P(X > 122)

Looking at the critical table above.

P(X>a) ----- P(X>a + 0.5)

So,

P(X > 122) ---- P(X > 122 + 0.5)

P(X > 122) ---- P(X > 122.5)

Calculating Z score using

z = (x - u)/√σ²

X = 122.5

From X ~ (119, 90.678)

u =mean = 119

σ = standard deviation = √90.678

So,

Z = (122.5 - 119)/√90.678

z = 0.367550550865750

Z = 0.37 ---- Approximated

P(X > 122.5) = P(Z > 0.37)

P(X > 122.5) = 1 - P(Z<0.37) --- using z table

P(X > 122.5) = 1 - 0.6443

P(X > 122.5) = 0.3557

P(X > 122.5) = 0.356 -- Approximated

6 0
4 years ago
Sunland manufactures competition stunt kites. In November, Jerry Box prepared the following production budget for the first quar
Anika [276]

Answer:

\left[\begin{array}{ccccc}&January&February&March&Quarter\\$sales&24500&37700&32500&94700\\$Desired ending&9425&8125&3462.5&3462.5\\$Total Needs&33925&45825&35962.5&115712.5\\$beginning&2770&9425&8125&2770\\$Production Requirement&31155&36400&27837.5&95392.5\\\end{array}\right]

Explanation:

We need to recalcualte the desired ending inventory

as currently they are calcualte at 20% and we want it at 25% we do cross multiplication

Jan: 7,540 / 20 x 25 = 9,425

We divide by 20 to get the value of a single percent f sales and then we multiply to 25 as it is our desired amount

Feb: 6,500 / 20 x  25  = 8,125

March:  2,770 / 20 x 25 = 3,462.5

Next we adjsut6 the beginning inventory for January as it is 2,770 instead of 4,900 and we can determiante the production budget need for the quarter

3 0
4 years ago
Where do you get a check register
Juliette [100K]
The bank????????????????
8 0
3 years ago
Read 2 more answers
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