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3 years ago

When the fed sells bonds to financial institutions, new money moves directly:?

1 answer:

5 0

When the fed sells bonds to financial institutions, new money moves directly "out of the loanable funds market".

The Federal Reserve System,sometimes alluded to as the Federal Reserve or essentially "the Fed," is the national or central bank of the United States. It was made by the Congress to give the country a more secure, more adaptable, and more steady fiscal and budgetary framework. The Federal Reserve was made on December 23, 1913, when President Woodrow Wilson marked the Federal Reserve Act into law. Today, the Federal Reserve's obligations fall into four general zones.

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Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end

german

Answer:

1. Journalize the adjusting entries necessary on April 30. 2019.

Dr Supplies expense 5,820

Cr Supplies 5,820

Dr Accounts receivable 3,900

Cr Earned fees 3,900

Dr Depreciation expense 3,000

Cr Accumulated depreciation 3,000

Dr Wages expense 2,475

Cr Wages payable 2,475

2. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters before the adjusting entries.

unadjusted income statement

Fees Earned $305,800

Wages Expense ($157,800 )

Rent Expense ($55,000 )

Utilities Expense ($42,000 )

Miscellaneous Expense ($7,000)

Net income $44,000

3. Determine the revenues, expense, and net income of Crazy Mountain Outfitters after the adjusting entries.

adjusted income statement

Fees Earned $309,700

Wages Expense ($160,275 )

Rent Expense ($55,000 )

Utilities Expense ($42,000 )

Depreciation expense ($3,000)

Miscellaneous Expense ($12,820)

Net income $36,605

4. Determine the effect of the adjusting entries on Retained Earnings.

Since net income decreases after the adjusting entries, retained earnings will also decrease. Retained earnings are increased by the amount of net income.

5 0

4 years ago

Google has started a project to scan all books and make those that are not copyrighted available to people free of charge. why i

Kruka [31]

This allows for the intellectual property of those books that do have a copyright to be protected. This gives the owners and publishers of those books the ability to still turn a profit on their copies, which might be negated if books with a copyright were made more freely available.

3 0

3 years ago

Which of the following is not a classification of peripheral device?

PSYCHO15rus [73]

D. webcam is going to be your answer.

Hope this helps :)

7 0

3 years ago

Read 2 more answers

Larkspur, Inc. uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below.Date Numer of Units U

user100 [1]

Answer:

Following are the solution to this question:

Explanation:

Calculating the cost of the product sold:

FIFO:

June 1: 23 units costing of $\$ 10$ each $= \$ 230$

Aug 27: 23 units costing of $\$ 10$ each $= 230$

13 units costing of $\$ 15$ each $= 195$

$\$425$

Total cost of product sold $= \$655$

LIFO:

June 1: 23 units costing of $\$ 10$ each $= \$ 230$

Aug 27: 36 units costing of $\$15$ each = 540

Total cost of product sold $= \$ 770$

Average cost:

June 1: 23 units costing of $\$ 10$ each $= \$ 230$

Aug 27: 36 units costing of $\$13.051$ each $= \$469.836$

Total cost of product sold $= \$699.836$

7 0

3 years ago

Explain why the joint events in a contingency table are mutually exclusive. choose the correct answer below.

Darina [25.2K]

In a contingency table, the joint events are mutually exclusive because they consist of unique combinations of individual events that are mutually exclusive. For an individual to be described by one of the joint events, the individual must be described using each of the two attributes measured in the table. Since the possibilities for each of the two attribute are mutually exclusive, there can be only one way for an individual to be labeled with each pair of attributes. Therefore there can only be one joint event in the table that describes the individual.

3 0

3 years ago