Answer:
<u>BALANCE SHEET</u>
<em>ASSETS </em>
Cash 1410
Accounts Receivable 950
Prepaid insurance 110
Stock investments 1290
Inventory 1107
Equipment 2560
Accumulated Depreciation Equipment -670
Land 3240
TOTAL ASSETS 9997
<em>LIABILITIES</em>
Accounts Payable 884
Income tax payable 185
Mortgage payable 3640
Notes payable 201
Salaries and wages payable 272
TOTAL LIABILITIES 5182
NET EQUITY
Retained earnings (beginning) 1600
Common stock 1320
Dividends -375
<em>Net Income 2270
</em>
TOTAL NET EQUITY 4815
TOTAL LIABILITIES+TOTAL NET EQUITY 9997
<u>INCOME STATEMENT</u>
Sales revenue 5240
Cost of goods sold -1110
Gross Profit 4130
Salaries and wages expense -650
Insurance expense -260
EBITDA 3220
Depreciation expense -285
EBIT 2935
Interest expense -450
EBT 2485
Income Tax expense -215
<em>NET INCOME 2270</em>
Explanation:
According to the accounting equation the total of the assets should be equal to the sum between the liabilities and net equity. One of the components of the net equity is the net income that can be visualized in the final line of the income statement.
Answer:
d. sold bonds to decrease banks reserves.
Explanation:
The Fed uses contractionary Open market operations to contain runaway inflation. The Fed sells bonds and securities to the banks to reduce the amount of money available for credit in the economy. The bank will use funds that should be loaned out to purchase government bonds, thereby denying individuals and firms a chance to borrow from the banks.
If the Fed wants to reduce the money supply in the economy, it issues out bonds and security at attractive interest rates. The banks will opt to invest with the government, which is risk-free rather than loan out to households and firms. By selling bonds and securities, the Fed mops out all the excess money in the economy.
Answer:
C. a retail communication
Explanation:
FINRA is a non governement corporation that enable investor or firm to participate in the market by safeguarding their rights. It has been divided into two category:
- correspondence
- retail communication.
Correspondence: It is a communication to 25 or less existing client or prospective clients. Under correspondence, Institutional communication and public appearances are not subject to pre principal approval.
Retail communication: It is communication to more than 25 existing client or prospective client, excluding institutional communication and public appearance.
In the given case, It is a communication to 30 retail clients, therefore is a retail communication
Facilities managers have a plethora of responsibilities on the job, which includes providing a safe work environment for all employees. No one should have to go into work and be met with safety hazards or violent employees. Unfortunately, such scenarios can and do occur, and are more likely to arise in the absence of a plan to both prevent and deal with workplace hazards and violence.
While it may be nearly impossible to prevent every single act of violence or safety hazard in the workplace, there are plenty of steps that FMs can take to help keep the work environment as safe and secure as possible for everyone involved.
