Monetary policy is policy set by the government to influence the amount of money and credit available in the economy
The Fed Reserve Bank controls interest rates and inflation rates to help encourage spending or borrowing and saving. Usually they will lower interest rates if they want to encourage spending and they will raise them if they want people to save more.
Answer:
B. Comparison of recorded amounts of major disbursements with appropriate invoices.
Answer:
The answer is : to Update the balance of Retained Earnings and prepare revenue, expense, and dividend accounts for next period's transactions
Explanation:
The closing entries is to set the accounts' balance of temporary account to zero by transferring these balance to other permanent accounts at the end of the accounting cycles.
Temporary accounts includes accounts of revenues and expenses and dividend payment. Permanent account is Retained Earnings.
As Revenues and expenses are recorded for an accounting period, their balances should be all transferred to Retained Earnings account, together with the dividend payment during the period, to determined the ending balance of Retained Earning account at the end of the accounting period.
Once the closing entries has been recorded, the balance of all revenues and expenses, dividend payments accounts will be set back to zero at the start of next account period for recording revenue and expenses taken place in that period only. While Retained Earning Balance will show how much accumulated Earnings a firm retained since the start of its business.
Answer:
D.
Explanation:
Based on the information provided it can be said that the most incorrect statement is that Qualitative factors can be ignored because these factors are difficult to measure. Both qualitative and quantitative measures need to be taken into account, especially qualitative in a non-financial situation because the quality aspects of the items carries with it a far greater importance.
The United States has separate government department responsible for regulation of laws related to work and labor. The department of labor is a cabinet-level department and it has the responsibility of making and ensuring compliance of laws related to the welfare of the job seekers, employees, and retired employees of the United States. The department also ensures the compliances of laws related to retirement benefits, health care schemes and contributions by employers to such schemes.
