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3 years ago

What are the advantages of having the federal reserve oversee the regulation of the banking system?

1 answer:

6 0

The advantage is that "the government" can never go bankrupt, as they are a distinct entity. The Fed is organized by Elite bankers and partly by the government. The Reserve has power to reproduce money, and the government does not. The Reserve upholds a "fractional reserve" system which is not a good system and is going to ultimately ruin.

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The job of bricklayer first appeared during the Middle Ages. True False

Aliun [14]

False. There were people laying down bricks way before the middle ages. Egyptians Romans all had bricks and needed someone to lay them.

4 0

4 years ago

Read 2 more answers

Consider the market for wheat in Pakistan, illustrated in the graph at right. In recent years, the government of Pakistan has es

lianna [129]

Answer:

a. Annual consumer expenditure

9,000,000,000* $0.24= $2.16 billion

b. farmers receive for wheat production

19,000,000,000* $0.24=$4.56 billion

c. government expenditure on wheat

total production by farmers minus total purchase by consumers (because excess production is stored by the government)

$4.56 billion - $2.16 billion = $2.46 billion

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4 years ago

The following is a trial balance of Barnhart Company as December 31, Year 1: Account Title: Debit Credit Cash 12,500 Accounts Re

Tanzania [10]

Answer:

The total amount of assets is 15,750.

Explanation:

Reproducing the trial balance below for clarity:

Account Title Debit Credit

Cash 12,500

Accounts Receivable 3,250

Accounts Payable 2,800

Common Stock 6,600

Retained Earnings 4,500

Service Revenue 7,450

Operating Expenses 5,100

Dividends 500

Total 21,350 21,350

Calculation of Total Assets:

Total assets = Cash + Accounts Receivable

= 12,500 + 3,250

= 15,750

Note that among the given accounts, accounts cash and accounts receivable are assets; accounts payable is a liability; common stock and retained earnings are part of the capital; service revenue is a form of revenue; while operating expenses and dividends are expenses.

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4 years ago

Units-of-Production Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is

solmaris [256]

Depreciation Expense for 2019 is $10,800 while Depreciation Expense for 2020 is $9,720

Rate of Depreciation = (Cost - Residual Value) ÷useful life

= ($42,000 - $2,000) ÷ 150,000 miles

= $0.27

Depreciation Expense = Rate of Depreciation x unit of miles during the period

So,

Depreciation Expense for 2019 = $0.27 x 40, 000

= $10,800

Depreciation Expense for 2020 = $0.27 x 36,000

= $9,720

Journal entries to record depreciation expense

Date Account titles and explanation Debit Credit

2019 Depreciation Expense $10,800

Accumulated Depreciation $10,800

Date Account titles and explanation Debit Credit

2020 Depreciation Expense $9,720

Accumulated Depreciation $9,720

See similar questions here: brainly.com/question/22525382

8 0

3 years ago

Case company allocates $5 overhead to each unit produced. the company uses a plantwide overhead rate with machine hours as the a

posledela

Let Department 2 Machine hours Be x, and using the equation below.

Find ATQ :

5= (440000 + 245000) / (74000 + x)

=> 370000 + 5x = 685000

=>x = 63000

Therefore, there are 63,000 machine hours that the company expects in Department 2.

6 0

3 years ago