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vfiekz [6]
3 years ago
10

Countries use monetary policy in order to:

Business
1 answer:
dimulka [17.4K]3 years ago
7 0

Answer:

O c. manage the supply of money that is available.

Explanation:

Monetary policies are deliberate macroeconomic initiatives undertaken by the Federal Reserve to control the money supply in the economy. The Fed has several monetary policies it can use to achieve the desired results. Some policies increase the money supply( Expansionary monetary policies ). Others reduce the money supply in the economy ( Contractionary monetary policies).

Monetary policies are used together with fiscal policies to achieve the overall macroeconomic objectives.

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Explanation:

CRANE COMPANY

Income statement for the year ended December 31, 2017

PARTICULARS                                            $                          $

<u>Sales</u>

Sales Revenue                                       3,646,500

Less Sales Discount                              <u> 264,000</u>

Net Sales                                                                            3,382,500

Cost of Goods Sold                                                            <u>1,628,550</u>

Gross Profit                                                                         1,753,950

Operating Expenses

Salary and wages Expenses                   767,250

Utility expenses                                        181,500

Depreciation Expenses                            <u>511,500</u>  

Total Operating Expenses                                                  <u>1,460,250</u>

Income from operation                                                         293,700

Add: Other Revenue  

Interest Revenue                                                                    <u>107,250</u>

                                                                                                400,950

Less: Other expenses and losses

Interest expenses                                         41,250

Loss on disposal of plant assets                  <u>137,775              (179,025)</u>

Income before income taxes                                                   221,925

Income Expenses Tax                                                               <u>41,250</u>

NET INCOME                                                                             <u>$180,067</u>                      

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