Answer:
1) Dr Petty Cash $600
Cr. Cash $600
2) Dr. Postage Expense $250.40
Dr. Office Supplies Expense $160.90
Dr. Miscellaneous expense $124.05
Dr. Cash over and short $8.3
Cr. Cash $543.65
volunteerism fail <span> Businesses and citizens acted in their individual best interests.</span>
The money multiplier is the amount of money that is generated from the reserves of a bank:
$100/0.10 - $100 = $900 billion
The money supply is
$100/0.10 = $1000 billion of $1 trillion
If the reserves is changed to 20%, the money multiplier and money supply will decrease
The minimum wage payed employees would be the most negatively affected because if lower price limits weren’t there, the prices would drop drastically to win the customer’s purchase over other markets or businesses. The big bosses would be then forced to cut money out of their employees salary because of the low revenue in money.
I think that’s a great answer someone correct me if I’m wrong!
Answer:
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have a good day :)
Explanation:
