Answer:
$3,000
Explanation:
Calculation for the increase the money supply
Using this formula
Increase in money supply=(Cash/Reserve ratio)-Cash
Increase in money supply=($1,000/0.25)-$1,000
Increase in money supply=$4,000-$1,000
Increase in money supply=$3,000
Therefore based on the information given the banking system can increase the money supply by $3,000
Payday loans are B. harder to pay back because of low fees and high intesest rates. Payday laons are small amount loans that are given to a person with a high interest rate. These loans are deemed to be paid back to the lender when the borrow receives their next paycheck.
Analyze transactions- Post individual transactions into a single account, Transfer journal entries to ledger-Summarize data in the ledgers, Prepare the financial statements-Evaluate profit/loss of the firm, Record transactions in journals--Prepare income statement, Take a trial balance-Record financial data, Analyze source documents- Separate purchasing receipts from sales documents.
<h3>What is profit and loss?</h3>
Profit is the excess amount of the firm, which the business has attended in the financial year of working. I t includes the net profit. Loss is the amount that a firm occurred during a year, it covers the net loss of the firm.
Thus, the statement are matched above.
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Explanation:
Given , $ 1=600 pesos
so, a person wants to buy an object that cost 4,800
let assume $=x
x=4,800/600=8
So the answer is$8
<u>$ 8= 4800 pesos</u>
Answer:
The Journal entries are as follows:
(i) In 2018,
Income Tax Expense A/c Dr. $24
Deferred Tax Assets A/c ($40 × 30%) Dr. $12
To Income Tax Payable ($120 × 30%) $36
(Being income tax and deferred tax recorded for 2018)
(ii) In 2019,
Income Tax Expense A/c Dr. $45
To Income Tax Payable ($140 × 30%) $42
To Deferred Tax Assets ($10 × 30%) $3
(Being income tax and deferred tax recorded for 2019)
