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2 years ago

How could the federal reserve system help guard the u.s. economy against economic instability

1 answer:

6 0

Answer: By lowering interest rate the economy will help the economy against inflation and that will help the economy.(but realistically it wouldn’t well to a certain extent but the federal reserve can’t control those things. )

Explanation:

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Which of the following fraudulent activities most likely could be perpetrated due to the lack of effective internal controls in

Alex17521 [72]

Answer:

C. The write-off of receivables by personnel who receive cash permits the misappropriation of cash.

8 0

2 years ago

Kingbird Corporation owns a warehouse. On November 1, it rented storage space to a lessee (tenant) for 3 months for a total cash

Nikitich [7]

Answer:

cash 2,790 debit

unearned revene 2,790 credit

unearned revenue 1,860 debit

rent revenue 1,860 credit

Explanation:

The revenue from the rent is unearned as currently the firm has to provide the rent spance for three months It will be earned as time passes.

At year-end December 31th we have earned 2 months (Nov and Dec) therefore we reocgnize for that amount

2,790 x 2/3 months = 1,860 rent revenue

3 0

2 years ago

The graph below represents the low-wage labor market demand curve for a U.S. city; there is also a line (MinWg) showing a $12 ho

alexandr402 [8]

The new ordinance will make a difference when the new wages will be binding.

<h3>How to depict the information?</h3>

It should be noted that the supply curve shows the relationship between the price and the quantity supplied.

Based on the information given, when the equilibrium wage is above the minimum wage, the ordinance won't make a difference.

On the other hand, when the equilibrium wage is below the minimum wage, it'll make a difference for the worker.

Therefore, joining the lowest of the two points will give the equilibrium.

Learn more about supply curve on:

brainly.com/question/26430220

#SPJ11

7 0

1 year ago

Turnadot & Sons is a small wholesaler of decorative cast iron objects. The following events, related to a special customer o

Katena32 [7]

Answer:

Gross Margin = $6,000

Explanation:

Gross margin refers to the Sales price - Direct cost associated with the product.

Here, Sales Value = 200 outdoor planters for $50 each = $50 $\times$ 200 = $10,000

Cost associated with this outdoor planters = Purchase cost as paid to supplier = $4,000

Thus, gross margin = $10,000 - $4,000 = $6,000

Note: Time period and dates provided for such sales and collection of amount or payment to supplier is of no relevance.

Final Answer

Gross Margin = $6,000

4 0

3 years ago

Gannon Company acquired 10,000 shares of its own common stock at $20 per share on February 5, 2014, and sold 5,000 of these shar

DiKsa [7]

Answer:

The credit entry for the issue of 5000 shares is:

Cr Treasury stock $100,000

Cr Paid-in capital from treasury stock $35,000

Explanation:

The par value of the common stock issue($20 per share) is credited to treasury stock account, while the excess of issue price of $27 over the par value of $20, $7 per share is credited to paid-in capital from treasury stock

The full double entries for the issue of 5000 shares is as follows:

Dr Cash ($27*5000) $135,000.00

Cr Treasury stock($20*5000) $100,000

Cr Paid-in capital from treasury stock($7*5000) $35,000

Under International Financial Reporting Standards, the credit entries would be that par value is credited to equity share capital and the excess credited to share premium account.

3 0

2 years ago