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stealth61 [152]
3 years ago
12

What was President Bush's response to the financial crisis?

Business
1 answer:
Tasya [4]3 years ago
7 0

Answer:

The answer is e. to support a federal bailout of the banking industry

Explanation:

To response to financial crisis, President Bush had addressed in the public television that the federal bailout of damaged financial institutions was necessary to avoid long and painful recession.

In fact, his administration had implemented an $700 billion worth of Trouble Asset Relief Program since October 2008, in which the amount from federal government's budget was spent on bailout damaged financial institutions such as American International Group (AIG), and bad mortgage debts.

So, e is the correct choice.

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Human resource​ (HR) management includes activities such​ as: A. Analyzing competitors B. ​Disciplining, promoting,​ transferrin
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Answer:
The answer is B. Disciplining, promoting, transferring, and demoting.

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Land containing a mine having an estimated 1,000,000 tons of economically extractable ore is purchased for $375,000. after the o
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Should your answr  be a ratio it is 75/375
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Select the correct answer
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It is B. passive income
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Company X wants to borrow $10,000,000 floating for 5 years. Company Y wants to borrow $10,000,000 fixed for 5 years. Their exter
CaHeK987 [17]

Answer:

The answer is:

10% fixed rate = Company X's external borrowing (rate);

11.8% fixed rate = Company Y's payment to X (rate);

LIBOR + 1.5% = Company X's payment to Y (rate);

LIBOR + 1.5% = Company Y's external borrowing rate.

Explanation:

First, X will borrow at 10% fixed and Y will borrow at LIBOR + 1.5% floating; both at notational principal of $10 million.

Then; they will enter into a interest swap where:

- X will pay to the swap the interest rate of Libor +1.5% and receive from the swap the fixed interest rate of 11.8%. Thus, X interest income and interest expenses will be: Borrowed at fixed 10% and payment at Libor+1.5% to the swap; Receipt of 11.8% from the Swap=> Net effect: X borrowed at LIBOR - 0.3% ( saving of 0.3%).

- Y will pay to the swap the fixed interest rate 11.8% and receive from the swap LIBOR +1.5%. Thus, Y interest income and interest expenses will be: Borrowed at LIBOR +1.5 and payment 11.8% fixed to the swap; Receipt of Libor + 1.5% from Bthe Swap=> Net effect: Y borrowed at 11.8% fixed ( saving of 0.2%).

4 0
3 years ago
Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial balance
andriy [413]

Answer:

1. Record each transaction in the journal. Explanations are not required.

April 1

Dr Cash 70,000

    Cr Common stock 70,000

April 3

Dr Office supplies 1,100

Dr Furniture 1,300

    Cr Accounts payable 2,400

April 4

Dr Cash 2,000

    Cr Service revenue 2,000

April 7

Dr Land 30,000

Dr Building 150,000

    Cr Cash 40,000

    Cr Notes payable 140,000

April 11

Dr Accounts receivable 400

    Cr Service revenue 400

April 15

Dr Salaries expense 1,200

    Cr Cash 1,200

April 16

Dr Accounts payable 1,100

    Cr Cash 1,100

April 18

Dr Cash 2,700

    Cr Service revenue 2,700

April 19

Dr Accounts receivable 1,700

    Cr Service revenue 1,700

April 25

Dr Utilities expense 650

    Cr Accounts payable 650

April 28

Dr Cash 1,100

    Cr Accounts receivable 1,100

April 29

Dr Prepaid insurance 3,600

    Cr Cash 3,600

April 29

Dr Salaries expense 1,200

    Cr Cash 1,200

April 30

Dr Rent expense 2,100

    Cr Cash 2,100

April 30

Dr Dividends 3,200

    Cr Cash 3,200

2. Open the following four-column accounts including account numbers:

3. Post the journal entries to four-column accounts in the ledger,

I used an excel spreadsheet to answer questions 2 and 3

4. Prepare the trial balance of Theodore McMahon, Attorney, at April 30, 2018.

In order to prepare a trial balance we must prepare an income statement first.

Service revenue $6,800

Salaries expense -$2,400

Rent expense -$2,100

<u>Utilities expense -$650 </u>

Net income $1,650

retained earnings = net income - dividends = $1,650 - $3,200 = -$1,550

  Theodore McMahon, Attorney

               Balance Sheet

<u>For the Month Ended April 30, 2018</u>

Assets:

Cash $23,400

Accounts receivable $1,000

Prepaid insurance $3,600

Office supplies $1,100

Furniture $1,300

Land $30,000

Building $150,000

Total assets: $210,400

Liabilities and Equity:

Accounts payable $1,950

Notes payable $140,000

Common stock $70,000

Retained earnings ($1,550)

Total liabilities and equity: $210,400

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7 0
2 years ago
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