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Ainat [17]
3 years ago
8

Do all accounts serve the same function? Why or why not?

Business
2 answers:
Degger [83]3 years ago
4 0

Answer:

D:  No, accounts serve the purpose that their owners choose.

lara [203]3 years ago
3 0

No<span>, </span>accounts serve<span> the </span>purpose<span> that their owners choose. They do not have the same function.

>>>Accounts are f</span><span>inancial records of an organization that register all financial transactions, and must be kept at its principal office or place of </span>business<span>.
In accounting, it means </span><span>the chronological </span>record<span> of </span>changes<span> in the </span>value<span> of an </span>entity's assets<span>, </span>liabilities<span>, and the </span>owners' equity<span>

In banking,it means c</span>ontinuing financial relationship<span> between a </span>bank<span> and a </span>customer<span>,whereby </span>deposits<span> and </span>debts<span> are </span>held<span> and processed within a </span>framework<span> of </span>established rules<span> and </span>procedures.<span>


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Answer:

Restrict the money supply and increase interest rates

Explanation:

When the economy is expanding at a fast pace, the Fed applies contractionary monetary polices to slow it down. Some of the tools available to the Fed to slow down growth includes an increase in the interest rates, increased reserve requirements, and open market purchases.

The Fed controls the market interest rate by adjusting the fed fund rate. An increase in interest rate makes borrowing expensive and unattractive to households and businesses. When firms and individuals are not borrowing, the result is a reduction in consumption and investment expenditure, thereby slowing down growth. Open market purchases reduce the money held by banks. Banks will, therefore, have few amounts available to lend out to customers.

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Angela believes that Beamer Corporation’s stock will drop in value. She borrows 150 shares from a brokerage firm when the stock
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Given:

Total number of shares = 150

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Purchase price = $27

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Computation of Angela’s profit on investment:

Angela’s profit on investment = Total sales value - Total purchase value

Angela’s profit on investment = (150 x $42) - (150 x $27)

Angela’s profit on investment = $6,300 - $4,050

Angela’s profit on investment = $2,250

Therefore, Angela’s profit on the selling of investment is $2,250.

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Alfonso prefers only to hire Latino workers his auto body shop because they "fit in" easier with his 12 employees. During a busy
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Answer: d. May not discriminate, subject to time lapse

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Alphonso in this scenario may not discriminate by hiring a Latino because his worry is that they will be unable to fit in with his permanent workers. The extra workers are temporary workers who will be soon gone so there is no need for them to fit in that with the permanent workers so Alphonso may not discriminate based on this.

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