Answer: The correct answer is "a. decrease; decrease; decrease".
Explanation: Suppose the Federal Reserve engages in open-market operations. It sells $20 billion in U.S. securities. It also raises the reserve ratio. This causes excess reserves to <u>decrease</u>, the money supply to <u>decrease</u>, and the money multiplier to <u>decrease</u>.
Answer:
A) True
Explanation:
The GAAP doesn't allow corporations to record any income or loss from investments in its own stock (repurchase and reissuing) since transactions involving the owners of the corporation cannot result in profit or losses. Shareholders are the owners of the corporation and it cannot make a profit or loss by selling to itself.
Reissuing or repurchasing of stock only affects the balance sheet, like all transaction involving stocks.
Answer:
pay cash
Explanation:
so if they pay cash there won't be any taxes
Answer: Customer saves = $13.4
Explanation:
Here, we are charged $1.60 per minute
Therefore, charges incurred for usage till 60 minutes = 1.60 × 60 = $96.
This is the costs without any discount applied.
Case: If we are provided with discount
Then in this case we'll have to pay the $25 connection fee
Also we have paid 60% of the phone bill= 0.6 × 96 = 57.6.
Therefore, Total = $25 + $57.6 = $82.6
∴ We save = $96 - $82.6 = $13.4
Therefore, the correct option is (c)
