The answer to the question is cash larceny of receivables. Cash larceny means that an individual or group has taken away an employer’s cash without the consent and against the will of the employers.
In other words, the employee has stolen money from the employer though the transaction is recorded in the books. In the case that Danielle is handling, it seems that the receivables have been taken by the employee.
Answer:
a. the Fed buys bonds ⇒ increases the money supply because it buys bonds and pays in cash
b. the Fed auctions credit ⇒ decreases the money supply because it sells bonds and receives cash
c. the Fed raises the discount rate ⇒ decreases the money supply because an increase in the discount rate will affect interest rates in all the economy. Higher interest rates decrease the amount of money that households want to hold and increases household spending.
d. the Fed raises the reserve requirement ⇒ decreases the money supply since banks have less money to lend and interest rates will increase.
Answer:
A. There is a tax rate at which tax revenues are maximized.
Explanation:
By Laffer Curve definition we can easily understand the relationship between tax rate and tax revenues. It was developed by Arthur Laffer. The Laffer Curve describes that:
- with an optimal tax rate government maximizes total tax revenues
- there is no tax revenue collection at the two extreme tax rates of 0% and 100%
- at the left side of the curve higher tax rates decrease the incentive to work and invest. As a result this leads to to decrease in total tax revenue.
Answer:
Jennifer's monthly expenses for the month were $4,360.
Explanation:
Net worth is simply the total value of assets that an individual owns minus the total liabilities. It is a quick snapshot of the financial health of that individual. In that, it can be used to know how much the individual's real worth is.
Jennifer had an income of $3,870 but still used some of her liquid savings to cover her monthly expenses and this led to decrease of $490. This means Jennifer exhausted her income of $3,870 and still used up her liquid savings to the tune of $490 to cover her monthly expenses of $4,360 ($3,870 + $490).