Monetary policy is policy set by the government to influence the amount of money and credit available in the economy
The Fed Reserve Bank controls interest rates and inflation rates to help encourage spending or borrowing and saving. Usually they will lower interest rates if they want to encourage spending and they will raise them if they want people to save more.
Answer:
$3,900
Explanation:
The computation of the inventory purchase is shown below:
As we know that
Sales - gross profit = Cost of goods sold
$8,200 - $5,300 = Cost of goods sold
So, the cost of goods sold is $2,900
Now the cost of goods sold is
Cost of goods sold = Opening stock + purchase made - ending stock
$2,900 = $1,100 + purchase made - $2,100
$2,900 = -$1,000 + purchase made
So, the purchase made is
= $2,900 + $1,000
= $3,900
A temporary work authority is granted and valid up to<u> 60 </u>days after being issued.
Ultimate Work Authority (UWA) means the authority assigned to an individual or position to make final decisions regarding the activities and operations of a facility.
Stop Work Authority program is a safety-based process. Give employees permission to stop work in situations that could lead to accidents or injuries. For example, an employee may stop working if Dangerous conditions. An unsafe action occurs.
A Stop Work Authority (SWA) is best viewed as a safety policy or procedure that empowers and empowers employees to stop actions or conditions they deem unsafe. The goal of such a plan is to encourage employees to speak up when they see a potentially vulnerable situation looming, without fear of reprisal.
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The document called a corporate charter serves a formal purpose as its:
- names the board of directors.
- specifies the shares of stock to be issued.
- describes the business activities.
<h3>What is a corporate charter?</h3>
It is a formal document that is required to be filed with the Secretary of State or registrar in order to establish a company as a corporation.
Hence, these document contains the names the board of directors, specifies the shares of stock to be issued and describes the business activities for formal purpose.
Therefore, the Option C, D and E is correct.
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Answer:
The adjusting entries are as below:
Dr bad debt expense $4000
Cr Allowance for doubtful accounts $4000
Explanation:
The new allowance for doubtful accounts should be calculated as 10% of the closing balance of accounts receivable,i,e 10% of $400000=$40000
The new $40000 estimates of allowance for doubtful accounts means that the closing balance in allowance for doubtful accounts should be $40000 credit balance.
Since the opening balance was $36000 credit, the extra amount to top it up to $40000 is $4000($40000-$36000)
Hence,the required adjustment to the allowance for doubtful accounts is shown below
Dr bad debt expense $4000
Cr Allowance for doubtful accounts $4000
