Answer:
Following are the responses to the given question:
Explanation:
Banks are just an integral aspect of an economy's flow of money. When a big steel factory fails, jobs and GDP will be lost, yet financing inside the economy would not be available because of the main banking collapse in decrease its availability of credit throughout the industry, a large bank is unable to do even more damage to the economy than a huge metal fabricator.
Answer:
July 1
No Entry
Sep 1
Dr Cash $2,000
Dr Accounts Receivable $400
Dr Cost of goods sold $1,100
Cr Inventory $1,100
Cr Unearned Service Revenue $554
Cr Sales Revenue $1,846
Oct 15
Dr Cash $400
Dr Unearned Service Revenue $554
Cr Service Revenue $554
Cr Accounts Receivable $400
Explanation:
Preparation of the journal entries for Geraths in 2020.
July 1
No Entry
Sep 1
Dr Cash $2,000
Dr Accounts Receivable $400
($2400-$2000)
Dr Cost of goods sold $1,100
Cr Inventory $1,100
Cr Unearned Service Revenue $554
($600/$600+$2000*$2400)
Cr Sales Revenue $1,846
($2,000/$600+$2000*$2400)
Oct 15
Dr Cash $400
($2400-$2000)
Dr Unearned Service Revenue $554
Cr Service Revenue $554
($600/$600+$2000*$2400)
Cr Accounts Receivable $400
($2400-$2000)
The problem could most likely be a weak hydraulic brake hose.
A weak hydraulic brake hose could cause a spongy pedal. As the pressure builds in the system, the hose may expand and not relay the pressure to the brake units.
Answer:
<em>If less than 25’, use a shallow well jet pump</em>
Explanation:
A typical well water system lifts water from an underground well and delivers it to a storage tank where it’s pressurized and stored until it’s needed. Most pumps are electric and use suction to draw the water through pipes.
A motorized jet pump assembly includes the pump that moves the water from the wall and a motor to dive the pump. It’s often paired with a pressure tank, which evens out the water throughout the home.
Answer:
Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money.
Explanation:
Italian goldsmiths were the first bankers in the world, even the name bank derives from the Italian "banca". Since they had safe vaults, they kept the gold savings from their rich clients, and they started to lend money to other people who needed it. They developed the fractional reserve system because they were able to actually lend more money than the amount of gold that they had in their vaults.
London goldsmiths followed a similar path and they added their own inventions, the check or "cheques" and money transfers.
