Answer and Explanation:
The preparation of the income statement is presented below:
Service Revenue 340,000
Less:
Salaries Expense 240,000
Rent Expense 12,000
Depreciation Expense 24,000
Interest Expense 3,400
Net income $60,600
Hence, we simply deduct the expenses from the service revenue so that we get the net income
Answer:
When the Feds sells bond in open market, it INCREASE the money supply.
If the Feds want to decrease the money supply in THE ECONOMY, it can INCREASE the reserve requirements.
When the Feds increases the interest rate it pays on reserve, the money supply will DECREASE.
When Fomc decrease it target for the federal funds rate, the money supply will INCREASE.
When Citibank repays a loan it had previously taken from the Feds, it DECREASES the money supply.
Answer:
Yes.
Explanation:
<em>You are listening to gather intel on a particular individual or set of individuals.</em>
Answer:
A reduction in U.S net exports would shift U.S. aggregate demand goes d. leftward. In an attempt to stabilize the economy, the government could decrease expenditures.
Explanation:
Decrease in net exports shifts the AD curve leftward and to stabilize the economy government should cut taxes.
