Answer:
$9,000
Explanation:
The cash flow statement is the financial statement where the cash flows from the various activities of a business are recorded. These activities include Operating, Investing and Financing. The statement may be shown using gthe direct or indirect method.
The operating activities include the changes to current assets and liabilities. Increases in assets (apart from cash) represents an out flow of cash while increases in liability represents and in flow of cash and vice versa.
The net cash flows from operating activities using the indirect method
= -5000 - 20,000 + 10,000 + 25,000 - 1,000 (all amounts in $)
= $9,000
This represents a net inflow.
a high school teacher,an assembly line worker,a plumber,a police woman
Answer:
1. True.
2. True.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
1. The discount rate is the interest rate the Fed charges on loans of reserves to banks.
2. The federal funds rate is the interest rate banks charge for overnight loans of reserves to other banks.
