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dlinn [17]
3 years ago
12

The _________________ is the buying and selling of Treasury securities to influence the nation’s money supply..

Business
1 answer:
Lynna [10]3 years ago
3 0

Answer:

open market operation

Explanation:

The Federal Reserve purchases and sells treasury securities on the open market in order to regulate the supply of money that is on deposit in banks, and therefore available to loan out to businesses and consumers. It purchases Treasury securities to increase the supply of money and sells them to reduce the supply of money

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On January 1, 2012 Johnson Company issued bonds with a face value of $750,000. The bonds carry an interest rate of 8% payable ea
katrin [286]

Answer:

a.

January 1    Cash                                          720000 Dr

                   Discount on Bonds Payable    30000 Dr

                            Bonds Payable                        750000 Cr

b.

January 1    Cash                                          772500 Dr

                             Bonds Payable                        750000 Cr

                             Premium on Bonds Payable  22500 Cr

Explanation:

a.

When the bonds are issued at 96, this means that they are issued at 96% of the face value of the bond which is 750000 * 0.96 = 720000

So, the cash received from issuing the bonds is 720000. As the face value of the bonds is 750000 which will be recorded as bonds payable, the difference between the cash received and the face value is the discount amount which will be debited.

b.

When the bonds are issued at 103, this means that they are issued at 103% of the face value of the bond which is 750000 * 1.03 = 772500

So, the cash received from issuing the bonds is 772500. As the face value of the bonds is 750000 which will be recorded as bonds payable, the difference between the cash received and the face value is the premium amount which will be credited.

6 0
3 years ago
According to the U.S. government's current data, a single adult earning $12,140 or a family of four earning $25,100 before taxes
Dominik [7]

The year that the U.S. Poverty line calculation was developed and began to be used was <u>1964</u>.

<h3>What year was the U.S. poverty line calculation developed?</h3>

In the year 1964, the Council of Economic Advisers (CEA) came up with an amount of $3,000 for the poverty line.

The Council recommended to President Johnson that any family earning below this amount in a year should be considered poor.

Find out more on the poverty line at brainly.com/question/13522306.

3 0
3 years ago
A small firm may be unable to mount a serious attack due to lack of resources. as a result, it is more likely to react to ______
Artyom0805 [142]
The appropriate response is competitor's resources. It can be strategic activities, for example, motivating force evaluating or improved administration offerings since they are less expensive to assault than huge scale key activities.
3 0
3 years ago
ullbright Company sold goods to Blue Dirt Company for $400,000 in exchange for a 4-year, zero-interest-bearing note with a face
GrogVix [38]

Answer:

The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000

Explanation:

The total value of $629,406 of the note includes the amount of interest revenue which would be $229,406 which is gotten from (629,406-400,000). The value of sales revenue will be $400,000

The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000

7 0
4 years ago
Reporting an Income Statement, Reporting a Statement of Retained Earnings, Reporting a Balance Sheet and Recording Closing Journ
Ber [7]

Answer and Explanation:

The Journal entry is shown below:-

1. Sales Revenue Dr, $42,030

   Rent Revenue $300

        To Salaries and Wages Expense $21,600

        To Depreciation Expense $1,300

       To Utilities Expense $4,220

       To Insurance Expense $1,400

        To Rent Expense $6,000

       To Income Tax Expense $2,900

       To Retained Earnings $4,910

(Being closing of revenues and expenses is recorded)

2. Retained Earnings Dr, $300

         To Dividends $300

(Being closing of dividend is recorded)

4 0
3 years ago
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