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3 years ago

Select the items that describe what is most likely to happen when the Federal Reserve decreases the money supply.

Business

1 answer:

kotykmax [81]3 years ago

8 0

If they do lower the money supply, they would lose money when they sell a security.

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Sheffield Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 83,000 with terms 2/10 n/3

dezoksy [38]

Answer:

July 1

Dr r Accounts Receivable $83,000

Cr Sales Revenue $83,000

July 9

Dr Cash $81,340

Dr Sales Discount $1,660

Cr Accounts Receivable $83,000

Explanation:

Preparation of the required journal entries for Sheffield Co.

July 1

Dr r Accounts Receivable $83,000

Cr Sales Revenue $83,000

July 9

Dr Cash $81,340

[($83,000 -($83,000 *.02)]

Dr Sales Discount $1,660

($83,000-$81,340)

Cr Accounts Receivable $83,000

8 0

3 years ago

In its most recent financial statements, Nessler Inc. reported $80 million of net income and $1,200 million of retained earnings

yanalaym [24]

Answer:

$140 million

Explanation:

Given that,

Ending Retained Earnings = $1,140 million

Beginning Retained Earnings = $1,200 million

Net Income = $80 million

Ending Retained Earnings = Beginning Retained Earnings + Net Income - Dividends

$1,140 million = $1,200 million + $80 million - Dividends

Dividends = $1,200 million + $80 million - $1,140 million

= $140 million

Therefore, the dividend of $140 million were paid to shareholders during the year.

4 0

3 years ago

On Coral Island in 2012, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation ra

sattari [20]

Answer: Working-age population is 21,000, Unemployment rate - 8.3 percent, Labor force participation rate - 57.1 percent

6 0

4 years ago

Ivanhoe Co. purchases land and constructs a service station and car wash for a total of $465000. At January 2, 2021, when constr

Sveta_85 [38]

Answer:

$80,833.32

Explanation:

Correct date "Jan 2 2019 510000.00

Dec. 31, 2019 $83000.15 $51000.00 $32000. 47 7999.85

Dec. 31, 2021 83000.15 47799.99 35200. 44 2799.69

Dec. 31, 2022 83000.15 44279.97 38720.18 40 4079.51"

Computation of Lease related Expense Recognized by lessee in 2019

Depreciation Expense = (Total cost - Salvage value) / Estimated life

Depreciation Expense = $500,000 - $45,000 / 15

Depreciation Expense = $33,033.33

Interest Expense = $47,799.99

Total lease-related expenses = Depreciation Expense + Interest Expense

Total lease-related expenses = $33,033.33 + $47,799.99

Total lease-related expenses = $80,833.32

8 0

3 years ago

A school system is implementing a new series of standardized tests to evaluate how much students are learning. However, many tea

vlada-n [284]

Answer: different viewpoint

Explanation: In simple words, it refers to a situation in which different different parties have different ideas and beliefs towards a specific subject matter.

In the given case, the authorities implementing the school system and the teachers teaching in it have different views regarding the new system.

Hence we can conclude that the above case depicts different viewpoint situation.

3 0

4 years ago