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3 years ago

When Congress established the Federal Reserve inâ€‹ 1913, its main responsibility was

Business

1 answer:

denis23 [38]3 years ago

8 0

Answer:

The correct answer is A

Explanation:

Federal Reserve also called as Fed, is the one central banking system and it is responsible for setting the policy on the monetary matters.

Fed has 3 functions, which are supervise the operations of the banking, conduct the monetary policy of nation and maintain and provide an efficient and effective system of payment.

When it is established in the year 1913, it primary responsibility is to make the discount loans to banks, which are suffering from the large withdrawals made by depositors.

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During a contractionary phase of the business cycle, which of the following most likely occurs?

Zielflug [23.3K]

more tax revenues are remitted

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3 years ago

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The account "Accounts Receivable" began with a zero balance and then had the following changes: increase of $625, decrease of

Firdavs [7]

0+625=625-275=350+350=700+200=900
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3 years ago

Using a perpetual inventory system, the entry to record the return of merchandise purchased on account includes a.

matrenka [14]

Using a perpetual inventory system, the entry to record the return of merchandise purchased on account includes 4)Merchandise Inventory.

Product vending is the practice of intentionally promoting, showing, and promoting the goods in your keep. A huge part of this is visual merchandising—the process of making plans, designing, and showing merchandise to focus on their capabilities and advantages.

Merchandising is the exercise and procedure of displaying and selling merchandise to clients. Whether or not digital or in-save, stores use vending to persuade clients' motives and reach their sales goals.

Vending approach selling merchandise to retail customers. Merchandisers, also known as retailers, buy merchandise from wholesalers. Manufacturers, upload a markup or gross earnings quantity and sell the products to customers at a better rate than what they paid.

Disclaimer: The question is incomplete. Please read below to find the missing content.

Question: Under the perpetual inventory system, all purchases of merchandise are debited to the account

1)Cost of Merchandise Available for Sale

2)Cost of Merchandise Sold

3)Purchases

4)Merchandise Inventory

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1 year ago

Linda is starting a new cosmetic and clothing business and would like to make a net profit of approximately 10% after paying all

stepan [7]

Is there more to this question??? What do you need to know??

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3 years ago

On January 1 of this year, Avaya Corporation issued bonds with a face value of $ 2,000,000 and a coupon rate of 6 percent. The b

ra1l [238]

Bonds Payable amount reflected in balance sheet = $2192890

Face Value = $2000000

Coupon Rate = 10%

Maturity Period = 10 years

Number of compounding = 2

Interest = $2000000 * 10% * 6/12 = $100000

Period = 2 * 10 = 20

Maturity Value = Face Value = $2000000

Market Interest Rate semiannually = 0.085 / 2 = 0.0425

Market Value = Present Value of Future Cash Flows

= PV of Interest + PV of maturity value

= (Interest * PVAF (4.25%, 20)) + (Maturity Value * PVIF (4.25%, 20))

= (100000 * 13.29437) + (2000000 * 0.434989)

= $1329437 + $869978

= $2199415

Since market value is greater than face value, we can say that bonds are issued at a premium.

Premium = $2199415 - $2000000 = $199415

Journal Entry to record the issuance of bonds:

Cash a/c Dr $2199415

To Bonds Payable a/c $2000000

To Premium on the issue of bonds $199415

Bonds Payable amount is a liability account that carries the quantity owed to bondholders by way of the company. This account usually seems in the lengthy-term liabilities section of the stability sheet, on account that bonds usually mature in more than one year.

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1 year ago