Answer:
The amount of net pay recorded by Hernandez is $380,650
Explanation:
Gross Pay $500,000
Income Tax $63,000
Social security $31,000
Medicare $7,250
Charitable contribution $5,000
Union Dues $10,000
Unemployement Tax $3,100
Net Pay $380,650
Therefore, The amount of net pay recorded by Hernandez is $380,650
<u>An open market operation is the purchase or sale of </u><u>government securities </u><u>by the </u><u>Federal Reserve System</u><u> in the open market.</u>
What are open market operations?
- The Federal Reserve uses open marketplace operations (OMOs), that are important banks' purchases and income of securities at the open marketplace, as a key device for wearing out financial policy.
- The Federal Open Market Committee establishes the short-time period intention for open marketplace operations (FOMC).
What is an open marketplace purchase?
- The buying or promoting of stocks in a agency through insiders is called an open-marketplace transaction.
- An insider should report the important office work with the SEC earlier than carrying out an open-marketplace transaction which will follow insider buying and selling regulations.
Learn more about open market operations
brainly.com/question/16260032
#SPJ4
Answer:
inventory 50,000 debit
accounts payable 50,000 credit
--to record purchase of goods--
accounts payable 50,000 debit
notes payables 50,000 credit
--to record teh issued promissory note to setle the account--
cash 50,000 debit
discount on note payable 4,000 debit
notes payable 54,000 credit
--to record the discounted note--
Explanation:
a) we record the purchase as always.
b) we are trading a liability for another. We do not receive for the note.
c) we discount on the note and we are goind to declare the interest expense at maturity or year-end against this discount.
Grant. A grant, is a form of financial aid that doesn’t have to be repaid.
I believe the answer is A
