Answer:
c. reserves increase by $100 million and the money supply increases by more than $100 million
Explanation:
Based on the information given in a situation where a FRACTIONAL-RESERVE BANKING SYSTEM has no availability of EXCESS RESERVES and no CURRENCY HOLDINGS, which means that if the central bank buys BONDS that worth $100 million, the RESERVES will tend to INCREASE by the amount of $100 million while the MONEY SUPPLY on the other hand will INCREASES by more than $100 million.
Answer:
Option D
Explanation:
In simple words, the problem depicted in the given scenario is an example of low knowledge of the target audience. In the given case, the company did everything correct with respect to their procedures, like they made a question are in the local language and distributed to the target audience and collected the survey efficiently.
However while doing the procedure, they were unaware of the fact that their target audience was not literate enough. Hence we can conclude that the correct answer is D.
Answer:
Detailed balance sheet is attached .
Explanation:
Answer:
(1) accrue salaries expense
Debit [e.] Salaries Expense
Credit [g.] Salaries Payable
--------------------
(2) adjust the Unearned Services Revenue account to recognize earned revenue
Debit [a.] Unearned Services Revenue
Credit [f.] Services Revenue
--------------------
(3) record services revenue for which cash will be received the following period.
Debit [b.] Accounts Receivable
credit [f.] Services Revenue
Answer:
$20
Explanation:
Price / earnings per share = 10
earnings per share = $2
price / $2 = 10
Price = $20
