Answer:
The Federal Reserve took an expansionary approach during the crisis. This was done by expanding the money supply and boosting liquidity. This can be seen in the Fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. The Fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.
Explanation:
Answer:
$740,200
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.
It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset
Mathematically,
Depreciation = (Cost - Salvage value)/Estimated useful life
Depreciation = (900,000 - 101,000)/5
= $159,800
Book value is the cost net accumulated depreciation
= $900,000 - $159,800
= $740,200
Answer:
reconciliate balance $ 22,388,675
Explanation:
bank statement: 18,835
deposits in transit 100,740
22,376,200
outstanding check
10189 (56,710)
10192 (15,365)
10193 (22,650)
10194 (12,375)
Adjusted balance: 22,388,675
checkbook balance: 22,385,105
interest earned 4,020
ATM card fees (450)
Adjusted balance: 22,388,675
Notes: For each statement we adjust for the unknown information.
The bank is unaware of the outstanding check and the deposit in transit. So we adjust for these concepts.
The company has no knowledge of the ffes and interest earned until receiving the bank statement so we must adjust for that amount.
Answer:
Contact-less payment technology
Explanation:
In contact-less payment, payment is made without any physical contact between the payer and receiver business. This payment mechanism makes use of NFC (near the field communication) technology.
Contact-less payment mechanism reduces cost for staffing and also removes need for collection of cash. This means that parking facilities are managed remotely.
Answer:
D. Bonds pay dividends
Explanation:
Just finished the test :)
