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Aleks [24]
3 years ago
12

State chartered banks are required to become members of the federal reserve system.

Business
1 answer:
alex41 [277]3 years ago
3 0
I think that any bank or incorporated banking institutions involved can become members.
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Helen [10]

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3 years ago
Journalize the following selected transactions for January. Journal entry explanations may be omitted.
ycow [4]

Answer and Explanation:

The journal entries are shown below:

On Jan 1

Cash $14,000

     To Capital owner $14,000

(being cash received)

On Jan 2

Cash $9,500

    To Account service revenue $9,500

(being cash received)

On Jan 3

Account receivable $4,200

       To Service revenue $4,200

(being service provided on account)

On Jan 4

Advertising expense $700

       To Cash $700

(being cash paid is recorded)

On Jan 5

Cash $2,500

       To Account receivable $2,500

(being cash received)

On Jan 6

Owner drawings $1,010

       To cash $1,010

(being cash paid is recorded)

On jan7

Telephone expense $900

      To Account payable   $900

(Being telephone bill received)

On Jan 8

Account payable $900

         To cash

(being cash paid is recorded)

3 0
3 years ago
A binding minimum wage will increase the income of Question 7 options: A. all workers. B. potential workers seeking employment.
katovenus [111]

Answer:

D. only those workers in jobs that would normally pay more than minimum wage.

Explanation:

A minimum wage is a price floor implemented by the government, which ensures that an employer must pay a minimum rate of pay to an employee, and anything lower than this rate of pay is illegal. “A minimum wage is binding if it is set above the equilibrium wage.

5 0
3 years ago
Read 2 more answers
Which of these statements best represents the law of supply? select one:
Nata [24]

The answer is: A.When the price of a good decreases, sellers produce less of the good

When the price of a good decrease, the amount of profit that the sellers could made is also decreasing. Because of this, sellers would feel less motivation to sell that product and start to reduce the supply of the product and replace it with newer ones.

7 0
3 years ago
A(n) _____ is a strategy that guarantees a solution to a problem. subgoal
salantis [7]

Answer:

Algorithm

Explanation:

An algorithm can assist in solving organizational problems by setting standards that will aid in decision making. They are effective because they use statistical data and past information stored so that through artificial intelligence executives get data that surpasses human limitations. But it should be reviewed by IT professionals to avoid failures.

5 0
3 years ago
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