Answer and Explanation:
a. The completion of the following table to reflect any changes in First Main Street Bank's T-account is shown below:-
<u>First Main Street Bank's Balance Sheet
</u>
<u>Assets Amount Liabilities Amount</u>
Reserves $750,000 Checkable Deposits $750,000
b. The completion of the following table to show the effect of a new deposit on excess and required reserves is shown below:-
<u>Amount deposited</u> Change in excess Change in required
<u>reserves</u> <u>reserves</u>
$750,000 $600,000 $150,000
($750,000 - $150,000) ($750,000 × 20%)
The main purpose of a code of ethics is to establish basic principles in order to preserve the integrity of the business and its workers.
Answer: Rapidly; Not Necessary
Explanation:
Keynesian Economists are of the believe that the Economy takes a fairly long time to reach a long run Equilibrium while Classical economists believe that it takes a shorter period of time. This has led to both classes of Economists having varying opinions when it comes to the need for Anti-recessionary Policies.
Anti-recessionary policies are implemented by the Government to try to get the economy back to the long run equilibrium as soon as possible and Keynesian Economists support this because the believe that if help is not given, the economy will take too long to adjust on its own. Classical Economists are against this and see no need for such policies because they maintain that the economy adjusts and reaches the Long run equilibrium rapidly meaning that such policies are not necessary and would just be a waste of resources as well as a way for the government to exert more influence on the economy which is another thing they are against as well.
Answer: Something to exchange.
Explanation:
A very important aspect of marketing is the goods/service being consumed by the buyer. The buyers in exchange for the goods/services rendered to them pays money.
The statement that is said to be most likely to be true in this scenario are:
- Both Audrey and CLEANOUT must consult a neutral third party to resolve their contractual dispute.
- Audrey can sue CLEANOUT for material breach of contract.
<h3>What is the contract about?</h3>
In contract law, a "material" breach of contract is known to be a form of breach that took place when one part fails to carry out the contract and this strikes so well at the heart of the contract that it tends to renders the agreement "practically broken"
Note that The statement that is said to be most likely to be true in this scenario are:
- Both Audrey and CLEANOUT must consult a neutral third party to resolve their contractual dispute.
- Audrey can sue CLEANOUT for material breach of contract because it passed the due date.
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