Answer:
A) Survival
Explanation:
Survival is a term business objective where businesses strive to continue to exist. As seen in this scenario, businesses will try to comply with regulations and rules in order to survive. Otherwise they could be discontinued because of non-compliance. This demonstrates the survival business objective.
Answer: See explanation
Explanation:
The necessary closing entries from the available information at December 31 will be calculated thus:
1. Dec 31
Dr Services Revenue $13000
Cr Income Summary $13000
2. Dec 31
Dr Income Summary $10000
Cr Wages expense $8400
Cr Rent expense $1600
3. Dec 31
Dr Income Summary = $13000 - $10000 = $3000
Cr D. Mai, Capital $3000
4. Dec 31
Dr D. Mai, Capital $800
Cr D. Mai, Withdrawals $800
Answer:
Increase the currency-deposit ratio
Decrease money supply
Explanation:
The federal government made the move in order to balance their budget with he notion that with the introduction of the 2 cents on every bank cheques, it will dissuade people from doing bank deposit and switch to currency which will inturn reduce money supply.
If the Fed conducts open-market purchases, the money supply increases and aggregate demand shifts right.
Answer: Option B
<u>Explanation:</u>
With the Fed conducting an open market purchase, the people will sell of the securities that they possess. In return they will get money from the fed for the purchases that it makes. With the increase in the supply of money in the economy, there will be more demand by the people in the economy.
Therefore the aggregate demand curve will shift to the right direction showing more demand of the goods and services by the people in the economy.
