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3 years ago

Which of the following accounts would be decreased by a credit entry?

1 answer:

6 0

A Bank account (if bad or good), A Welfare Account (If good, you will no longer receive services.) Card Bureau account can change due to unexpected reasons, can go down or go up.

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Which of these would most likely cause an increase in the price of an item?

Ket [755]

Which of these what?

5 0

2 years ago

An individual is planning to set-up an education fund for her daughter. She plans to invest $7,700 annually at the end of each y

daser333 [38]

Answer:

$96,154.20

Explanation:

We are to find the future value of the annuity

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1

A = Amount

R = interest rate

N = number of years

[(1.08)^9 - 1 ] / 0.08 = 12.487558

12.487558 x $7,700 = $96,154.20

4 0

3 years ago

Suppose that the public holds 50% of the money supply in currency and the reserve requirement is 20%. Banks hold no excess reser

astra-53 [7]

Answer: $2,400; $2,400

Explanation:

If a deposit of $6,000 is made, the reserve requirement is 20% so the bank will have to reserve this amount of:

= 6,000 * 20%

= $1,200

The bank will be left with:

= 6,000 - 1,200

= $4,800

The bank lends all of this out.

The public holds 50% of the currency so they will keep:

= 50% * 4,800

= $2,400

The rest - which is $2,400 - will be deposited as checkable deposits.

4 0

2 years ago

The foreign corrupt practices act of 1977 makes it illegal for u.s. firms to select one:

diamong [38]

The answer is a. attempt to make large payments or bribes to influence policy decisions of foreign governments.

8 0

3 years ago

Harding, Jones, and Sandy, a partnership, is in the process of liquidating. The partners have the following capital account bala

Radda [10]

Answer: Cash to be distributed to Harding = $ 17000, Jones = $ 3000 

Explanation:

It has been indicated that the ($9,000) deficit will be covered with a forthcoming contribution

∴ The Remaining Capital Balance is = (24000 + 24000) = $48000

∵Total cash Available = $20000

Loss = 48000 - 20000 = $ 28000

Loss will be shared between Harding & Jones in ratio = 16:48

∴ Harding Capital balance = $\frac{(24000 - 28000)\times16}{16+48}$ = $ 17000

∴ Jones Capital balance = $\frac{(24000 - 28000)\times48}{16+48}$ = $ 3000

Cash will be Distributed in their capital balance ratio

Therefore,

Cash to be distributed to Harding = $ 17000, Jones = $ 3000

7 0

3 years ago