Answer:
$50
Explanation:
If the required reserves are 5%, then the money multiplier = 1 / 5% = 20. If the FED wants to increase the money supply by $1,000, then it needs to initially inject $1,000 / 20 = $50 into the economy.
When the FED wants to increase the money supply, it engages in an expansionary monetary policy. If it wants to decrease the money supply, then it will engage in a contractionary monetary policy.
<span>Meredith should first try to log in to Airport Wi-Fi if she has the credentials as this Wi-Fi would be more secure and therefore more desirable for paying bills as this is a sensitive transaction that may expose her personal information to identity theft. However, most regular passengers at the airport may not have the credentials t log into the airport Wi-Fi and this is why the airport makes a free Wi-Fi service available to customers. However, Meredith should be aware that anyone will have access to the free Wi-Fi and therefore signing on to that Wi-Fi can put her personal data at risk.</span>
The Volvo of North America delivered automobile to the Siberian police force when Siberia had no cash to pay for them. It accepted by the payment in oil, which it then sold for cash to pay for media advertising in the U.S. example of <u>counter-trade</u>.
Answer: Option B
<u>Explanation:</u>
The word counter trade means it is an exchange goods or services which are paid for wholly or partly with other goods or services either than with money. However, counter trade used for accounting purposes. In this case counter trade deals between sovereign states.
Answer:
No Journal entry. Disclose contingent liability of $794000 in Notes to Financial Statements
Explanation:
A Provision is recognized when it is Probable ( Probabity > 50%) that there would be an outflow of economic resources and that a reliable estimate can be made - IAS 37
Since there is a 45% chance of losing, it is not probable to recognize a provision. Thus a Contingent liability is recognized instead
Contingent Liabilities are only disclosed if the amounts are significant and are not shown on the face of the financial statement (no journal entry)
If Lawyers inc. accepted a $12,000 retainer for which the company agreed to provide services in the future. recognizing this event would: defer the recognition of revenue, cause the company's assets to increase, cause the company's liabilities to increase.
<h3>What is deferred revenue?</h3>
Deferred revenue can be defined as the money or cash a company received for goods and services that was paid in advance by customers in which the service is to rendered to the customer in the future.
Hence, if the company received the amount of $2000 for a service they will provide in the future which means that recognizing this event would defer the recognition of revenue, Cause the company's assets to increase and as well cause the company's liabilities to increase.
Learn more about deferred revenue here:brainly.com/question/14834977
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defer the recognition of revenue
cause the company's assets to increase
cause the company's liabilities to increase
