Answer: The correct answer is
b. Memos are commonly written to people within your own organization.
Explanation: Memos are written form of communication in a formal setting. They are written to people within the same organisation.
Memos contain a 'from' and 'to' headings as well as a subject. This helps give the receiver a clear picture of the purpose of the communication as often times the reader skims through the memo to get a clue of the content.
With the purchase of the bonds, the money supply in the bank will increase.
<u>Explanation:</u>
Open market purchase strategy or method is a method that the government uses to control supply of money in the economy of a country. If the money supply increases in the economy, then the government sells the treasury bonds to the public to decrease money in hand and if money supply decreases then it buys bonds from public to increase the money in their hand so that they buy more products and the economy grows.
So if for this purpose, the government will buy the treasury bonds from a bank, then the money supply with that bank will increase.
Answer:
See the explanation below
Explanation:
Share of net income = 30% × $40 million = $12 million
Dividend received = 20 million × $1 = $20 million
The journal are as follows:
<u>Details Dr ($'million) Cr ($'million) </u>
Investment in Nursery Supplies Inc. 63
Cash 63
<u><em>Being the cash payment for investment in Nursery Supplies Inc. </em></u>
Investment in Nursery Supplies Inc. 12
Investment income 12
<em><u>Being the a share of net income of Nursery Supplies Inc. </u></em>
Cash 20
Investment in Nursery Supplies Inc. 20
<u><em>Being dividend received from Investment in Nursery Supplies Inc. </em></u>
