In short, the central bank is the main federal bank that controls the money and gives it to other banks. More about it is here: https://en.wikipedia.org/wiki/Central_bank
Answer:
First let us define the nature of each of the following as per Balance sheet of a company:
Payroll payable- Liability
FICA taxes withheld- Liability
Federal taxes- Liability
410(k)- Liability
Explanation:
Effect of Transaction on assets and liabilities:
- Payroll expense Debit will have no impact
- Payroll payable, Federal taxes, FICA and 401(k) will increase the current liability.
- And when they are subsequently paid, cash will be credited hence decreasing the current assets and all these current liabilities shall be debited, hence decreasing the current liability portion.
Answer:
MPC = 0.75
Explanation:
Marginal Propensity to Consume (MPC) is a part of Keynesian macroeconomic theory and is calculated by the change in consumption divided by the change in income. It quantifies the increased consumption which occurs with an increase in disposable income
Answer:
he was not doing his job right? im sorry if this is wrong
Explanation:
Answer:
2021= $0 gain/loss
2022= $3,500 gain
Explanation:
S and L financial buys and sells securities
On December 27, 2021 S&L purchased coca-cola bonds at par for $965,000
The bonds were sold for $968,500 at January 3 2022
At December 31, the bonds had a fair value of $960,000
Since the amount of fair value has reduced greatly below the value at which it was bought on December 31 then, this implies that there will be no gain/loss that will be recognised in the earnings
Therefore,
The Pretax amount that S&L include in its net income as a result of this investment in 2021 is
= $0 gain/loss in earnings
The pretax amount that S&L include in its net income as a result in this investment in 2022 is
= $968,500-$965,000
= $3,500 gain
