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Olin [163]
3 years ago
11

Your uncle repays a $450 loan from Tenth National Bank (TNB) by writing a $450 check from his TNB checking account. Assume these

funds are the only loans and deposits available for your uncle and the bank. Complete the following T-accounts for your uncle and TNB before your uncle repays the loan. Your UncleAssets LiabilitiesTenth National BankAssets LiabilitiesComplete the following T-accounts for your uncle and TNB after your uncle repays the loan. Your UncleAssets LiabilitiesTenth National BankAssets LiabilitiesYour uncle’s wealth has changed.A. TrueB. False
Business
1 answer:
katrin [286]3 years ago
6 0

Answer:

Uncle accounting:

         Cash              Note Payable        

DEBIT   CREDIT      DEBIT      CREDIT

             450             450

Bank Accounting

         Cash              Note Receivables

DEBIT   CREDIT      DEBIT      CREDIT

450                                              450

B.- False

Explanation:

The uncle will see a decrease in their assets (cash) and a decrease i ntheir liabilties(Note payable)

Therefore their net equity (wealth) will remain the same

The bank will record the collection from their client and decrease their receivables.

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Williams & Co. management is trying to decide the appropriate prices for various products sold by the firm. This is a focus
nikdorinn [45]

Answer:

A. Micro-economics

Explanation:

Micro-Economics represents a study of economic activiites or economic choices that affect individual businesses or organisations, individual consumers or individual families. Since the focus of Williams & Co is on determining appropriate prices for products sold in its individual firm, then the focus is micro-economics

Macro Economics represents the study of economic activities and choices but instead of the individual level, it studies these acivities at the overall national level or at the global level. So the study of pricing among the various detergent producing firms in the United States is under the purview of macro economics

Monetary policy focuses on the tools that are used to regulate the entire economy especially the Federal Reserve through the regulation of the activities of member financial institutions.

Fiscal Policy focuses on the activities of government to control its expenditure, tax rates and overall monitor or regulate the economy  

5 0
3 years ago
One year ago, you bought shares of Aaon, Inc at $36.48 a share. You received a dividend of $1.62 per share last month and sold t
Pie

Answer: 12.88%

Explanation:

The following information can.be inferred from the question:

Purchase price of share = $36.48

Dividend = $1.62

Selling price = $41.18

Capital gain = $41.18 - $36.48 = $4.70

Capital gain yield:

= Capital gain / Purchase price × 100

= (4.70 / 36.48) × 100

= 0.1288

= 12.88%

7 0
3 years ago
ou need to give the customer something that they need." This statement best reflects the beliefs of marketers during the _____ E
kobusy [5.1K]

Answer: Marketing Era

Explanation:

The Marketing Era is one of the so-called eras of Marketing which defined how producers related to customers and hence try to show how marketing has changed over the years.

In the Marketing Era , the focus of producers was to give the customers items they actually needed and wanted so that instead of having to convince customers to buy goods that the company made which the customers may not have wanted, by making what the customer actually wanted, they would not have to spend so much on convincing them.

6 0
4 years ago
It's okay to lower a vehicle onto a high-reach support stand.<br><br> True or False
liubo4ka [24]

Answer:

False

Explanation:

Use high reach vehicle support stands to help stabilize the vehicle for jobs that involve considerable displacement of weight or that shake the vehicle. Never lower vehicles onto vehicle support stands. If this is done, the stands may push the vehicle off the lift.

5 0
3 years ago
An accrual refers to an event where the: 31)
Nesterboy [21]
The answer is c......
3 0
3 years ago
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