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kaheart [24]
4 years ago
15

Banks do not earn interest on the funds they hold as reserves. How does this provide an incentive to banks to create money by ma

king loans rather than to deposit excess funds in a Fed bank?
Business
1 answer:
Bezzdna [24]4 years ago
7 0
Banks earn interest when people pay back loans.
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In the glare of the sun, it is hard to see and be seen. Name six precautions you can take to help other vehicles and pedestrians
ICE Princess25 [194]
1. Keep your windshields clean.
Drivers are advised to make sure both their interior and exterior of their windshields are kept clean to minimize the glare. The particles on a dirty windshield intensify the glare as opposed to blocking it.2. Be mindful.
Both pedestrians and motorist are advised to be mindful of sun glare because it comes out suddenly .Focus farther down the road and be aware when turning into sun.
3.Drive defensively.
When driving also understand that other drivers may slow down significantly or even stop suddenly. Leave a large gap between you and the in front to keep everyone safe.
4. Keep a set of porpoised glasses nearby.
The glasses will protect your eyes from sun glare. They should be kept in a place where easily reached in case of sudden sun glare.
5.Put on additional visors.
For safety purposes you can purchase additional visors for your car or just be sure to test the ones currently in use to improve visibility in sun glare
6.Use Headlights.
Even during bright days having headlights can help you be more visible to other drivers and pedestrians.
7 0
4 years ago
Phoenix Agency leases office space. On January 3, Phoenix incurs $66,500 to improve the leased office space. These improvements
Ronch [10]

Answer:

$13,300

Explanation:

The cost of improvement should be depreciation over the lower of - remaining lease term or estimated useful life of improvement .

In our case, the lease number of years is shorter than the estimated life of improvement.

So, the cost will be depreciation for 5 years.

Hence, the amount to be recorded for first year:

= cost for improving leased office space ÷ Years remaining on lease

= 66,500 ÷ 5

= $13,300

Therefore, the amount of expense that should be recorded the first year related to the improvements is $13,300.

8 0
3 years ago
If an account receivable balance previously written off using the direct write-off method is later collected in full, the entry
chubhunter [2.5K]

The entry to record the payment of an account receivable balance with direct write-off method must include a credit bad debt expense .

<h3>What is bad debt expense ?</h3>

A bad debt expense  can be regarded as the expenses that us recorded when receivable is no longer collectible .

This is because a customer is unable to pay an outstanding debt  as a result of different reasons such as bankruptcy or other financial problems.

Learn more about bad debt expense at;

brainly.com/question/25654164

4 0
2 years ago
In late April, the Acme Construction Co. submitted a $1,200,000 progress billing on a construction contract.On May 2, the bill w
patriot [66]

Construction expenditures should be debited when <u>D. The bill is approved for payment.</u>

<u>Explanation:</u>

In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.

This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.

Once the bill submitted by company is approved, then the retention amount will be automatically debited.

8 0
3 years ago
Masterlink Co., in applying the lower of cost or market method, reports its inventory at net realizable value. Which of the foll
nasty-shy [4]

Answer:A. Cost is greater than net realisable value(NRV)

Explanation:

An inventory should not be higher than the price its sale or use and this requires the comparison of inventory cost to it's ( NRV) and whichever is lower will be used as cost of inventory

NRV= Sales price less cost to completion and less estimated cost necessary to make the sales.

4 0
3 years ago
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