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3 years ago

The federal reserve's goal in managing the money supply is to ensure that money retains its value.

1 answer:

6 0

The answer is B: False The Federal's Reserve goal is t<span>o provide the nation with a safer, more flexible, and more stable monetary and financial </span>system<span>.</span>

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Milo Clothing experienced the following events during 2016, its first year of operation: 1. Acquired $12,000 cash from the issue

Serga [27]

Answer:

Explanation:

The four transactions will be recorded in the general journal as follows:

1) Debit cash $12,000

Credit common stock $12,000

(To record the sale of common stock)

2) Debit purchases $5,600

Credit cash $5,600

(To record purchase of inventory in cash)

3) Debit cash $5,712

Credit sales $3,360

Credit gross profit $2,352

(To record the sale of inventory in cash)

4) Debit advertising expenses $650

Credit cash $650

(To record the payment of advertising expenses in cash)

5 0

3 years ago

On January 1, 2020, Waterway Company purchased 11% bonds, having a maturity value of $312,000 for $336,270.95. The bonds provide

mafiozo [28]

Answer and Explanation:

The journal entries are shown below:

1. 11% bonds payable $336,270.95

To cash $336,270.95

(Being the bond purchased for cash is recorded)

2. Cash ($312,000 × 11%) $34,320

To Interest revenue ($336,270.95 × 9%) $30,264

To 11% bond payable $4,056

(Being the interest revenue is recorded)

Fair value adjustment $1,685.05

To Unrealized gain $1,685.05

(Being the recognition of fair value is recorded)

It is computed below:

= (333,900 - ($336,270.95 - $4,056) )

3. Unrealized gain $13,000 ($333,900 - $320,900)

To fair value adjustment $13,000

(Being the recognition of fair value is recorded)

8 0

3 years ago

Consider a call option on an asset with an exercise price of $100, a put option on that same asset with an exercise price of $10

zubka84 [21]

Answer: The values are missing below are the values

a. $105

b. $95

answer :

a) $5

b) -$5 ( loss )

Explanation:

From the perspective of the long position for each of the two options upon expiration

a) For $105

for the long position ( long call ) since the expired price > than the exercise price

i.e. $105 > $100 the profit = $105 - $100 = $5

b) For $95

For the long position ( long call ) since the expired price < than the exercise price

i.e. $95 < $100 the profit = $95 - $100 = - $5 ( a loss is incurred )

5 0

2 years ago

Which economic system is characterized by public ownership of the means of production, the pursuit of collective goals (rather t

Dennis_Churaev [7]

An economic system is characterized by public ownership of the means of production, the pursuit of collective goals (rather than market-oriented production), and centralized decision making is called "command economy (socialism)."

<h3>What is command economy (socialism)?</h3>

A form of command economy is socialism. The majority of the production factors, including land and capital goods, are owned and under the jurisdiction of the state.

Key features of command economy are-

A populist economic and political structure, socialism is founded on the common, collective, or public ownership of the means of production.
The equipment, resources, and manufacturing facilities utilized to create products that are intended to directly meet human needs are among those means of production.
The state uses central planning.
The state maintains centralized control over the production of products and services, as well as their prices and distribution.
While free-market economies have historically been identified with capitalism and democratic countries, command economies have historically been connected with socialist and communist countries.

Socialism the best economic system because-

Theoretically, socialism aims to create the greatest amount of common wealth through public benefits.
Since the government oversees the majority of societal activities, it can utilize resources, labor, and lands more efficiently.
Socialism lessens wealth disparity not only between different regions but also between all social classes and ranks.

To know more about command economy, here

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5 0

1 year ago

On January 2, 2018, the first year of operations, Brunswick Corp., issued 15,000 shares of $10 par value common stock for $15 pe

hichkok12 [17]

Answer:

Paid in capital treasury stock = $1,600

Explanation:

Paid in capital treasury stock = (Market value - purchase value) × Number of share reissued.

Given,

Reacquired treasury stock = 2000 shares

As the shares were reacquired for $20,

Reacquired total treasury stock = 2,000 shares × $20 = $40,000

Reissued number of shares = 800

Market price of those treasury stock is $22 per share.

Therefore, paid in capital - treasury stock = $(22 - 20) × 800 shares

Paid in capital - treasury stock = $1,600

6 0

2 years ago