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ololo11 [35]
3 years ago
7

The Federal Reserve Act Multiple Choice helped to reduce loans to private banks. was regulated by a board whose members were ele

cted by Congress. created a new type of paper currency. was designed to push troubled banks out of business. created sixteen regional banks.
Business
1 answer:
salantis [7]3 years ago
6 0

The correct answers are A) helped to reduce loans to private banks and C) created a new type of paper currency.

The Federal Reserve Act helped to reduce loans to private banks and created a new type of paper currency.

With the passing of the Federal Reserve Act of December 23, 1919, signed by President Woodrow Wilson, the government initiated with the Federal Reserve system that acted as the Central Bank of the United States. It had twelve regional banks that supplied all the money for the country. Its headquarters are located in Washington D.C., and the commonly known as the Fed supervises the financial and economic situation in the country, the monetary supply, and tries to control inflation.

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The city of Brock’s Water Enterprise Fund leases water treatment equipment. The life of the noncancellable lease is 10 years, an
Degger [83]

<u>Solution and Explanation:</u>

The Journal Entries in the books of Brock's water enterprise is as follows :-

Date  Particulars and details                             Debit($)  Credit($)

Jan 5, 2018  Intangible Assets - Lease  905861  

Lease Payable                                            905861

(Being Record the Lease)        

Jan 5, 2018  Lease Payable                  125000  

Cash                                                           125000

(Being Record Down Payment)        

Dec 31, 2018  Amortization Expenses ($905861divide 10)  90586  

Accumulated Amortization                                           90586

(Being Record the amortization)        

Jan 5, 2019  Lease Payable (\$ 125000-\$ 62469) 62531  

Interest Expenses ((\$ 905861-\$ 125000) * 8 \%)   62469  

Cash                                                                              125000

(Being Record the Second Lease Payment)  

3 0
3 years ago
1. The people, procedures, hardware, software, data, and knowledge needed to develop computer systems and machines that can simu
mario62 [17]

"Learning, reasoning, and self-awareness" are among the people, procedures, equipment, software, data, and knowledge needed to create computer systems and computers that may replicate human intelligence.

<h3>Define the term process intelligence?</h3>

Process intelligence is intelligence that has been methodically gathered to examine each step in an operational workflow or business process.

  • An organization can increase operational efficiency and detect bottlenecks with the aid of process intelligence.
  • Process intelligence aims to give an organization reliable information about the work items that are currently in use, who is performing them, how long it takes to finish each task, how long the average waiting time is, and which of the bottlenecks are.
  • By tracking and examining processes in the past or in the present, process intelligence technology can assist an organization in improving process management.
  • Software for process intelligence is particularly helpful for managing and evaluating nonlinear processes with numerous dependencies.

Thus, the people, processes, tools, gear, software, information, and knowledge required to build computer systems and computers that might replicate human intelligence include "learning, reasoning, and self-awareness."

To know more about the cognitive process, here

brainly.com/question/28929319

#SPJ4

8 0
1 year ago
When inflationary pressure occurs, what is happening to the dollar?
GaryK [48]

Answer:

A

Explanation:

7 0
3 years ago
When Galaxy Ventures, a real estate company, entered the low-cost housing business, the market was already saturated with other
GenaCL600 [577]

Answer:

The answer is Late-mover disadvantages

Explanation:

A late mover is a company that enters a business some time after the business pioneers and early followers.

From the question above, Galaxy Ventures is a late mover in the low-cost housing business. They were at a huge disadvantage, and this includes:

  • First of all, lack of customer loyalty and substantial dividends (from the question).
  • The pioneers and early followers can set the business standards which may be difficult for a late mover to follow.
  • The pioneer can easily create entry barriers that a late-mover might find difficult to break.

3 0
3 years ago
West County Bank agrees to lend Drake Builders Company $400,000 on January 1. Drake Builders Company signs a $400,000, 6%, 6-mon
viva [34]

Answer:

The answer is b.Cash ,000 Notes Payable ,000

Explanation:

The exact entry Drake Builders Company has to record in its accounting book for the proceeds received from the issuance of the note is:

1st January

Dr Cash                         400,000

Cr Note Payable          400,000

As at the time the note is issued, no interest expenses has been incurred, all the answer with Interest expenses can be eliminated.

In fact, interest expenses is only incurred and accrued during the lifetime of the note, based on the number of days the note is hold; that is, from the day the fund is lend out to Drake Builders Company; not on the day of issuance.

6 0
4 years ago
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