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3 years ago

What does the European Central Bank (ECB) and the Eurogroup manage in economic/monetary terms?

Business

1 answer:

oksian1 [2.3K]3 years ago

5 0

Financial and economic stability is controlled and enforced by the European Central Bank (ECB).

<u>Explanation: </u>

The main goal is to control markets and to promote economic growth as well as the development of jobs.

Specifies the inflation it loans to the Euro-zone financial institutions, thus regulating money supply and prices.

Managed financial assets of the euro and the sales and acquisition of assets to align market prices.

Secure the European financial framework and maintain its sustainability.

Controlling market trends and assessing controlling inflation threats.

Authorizes Euro coin manufacturing by Euro area countries.

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Scott Company sells merchandise with a one-year warranty. Sales consisted of 2,500 units in Year 1 and 2,000 units in Year 2. It

Alenkasestr [34]

Answer:

Explanation:

Scott Company must record the warranty expense and liability regarding the products sold during the years that they occur. For example, the following journal entry must be made to record the warranty expense for year 1:

Dr Warranty expense 25,000

Cr Warranty liability 25,000

During year 2, they will record the warranty expense for that year:

Dr Warranty expense 20,000

Cr Warranty liability 20,000

That means that during year 3, the only warranty expense recorded will be the one related to the goods sold during that year.

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3 years ago

Peterson Photoshop sold $1,300 in gift cards on a special promotion on October 15, 2021, and sold $1,950 in gift cards on anothe

Anastaziya [24]

Answer:

$1,300

Explanation:

Given that,

On November 15, 2021

sold gift cards = $1,950

Of the gift cards sold in November,

Redeemed in November = $195

Redeemed in December = $455

Therefore, the deferred revenue is as follows

= November sales - Redemptions

= November sales - (Redeemed in November + Redeemed in December)

= $1,950 - ($195 + $455)

= $1,950 - $650

= $1,300

4 0

3 years ago

Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint pr

SashulF [63]

Answer:

Incremental loss of Spock = $19,800

Incremental profit of Uhura = $12,300

Incremental profit of Sulu = $94,200

Explanation:

Note: See the attached excel for the determination the incremental profit or loss that each of the three joint products.

In the attached excl file, the following formulae are used:

a. Incremental sales value = Sales value of processed product - Sales value at split off point

b. Incremental profit (loss) = Incremental sales value - Costs to process further

Download xlsx

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2 years ago

Which of the following is an example of objective evidence?

Serhud [2]

Answer:

B. The physical count of securities and cash

Explanation:

An objective is the business's goal and in order to see that the quantity would need to be in a physical sense to see growth over time.

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3 years ago

Which of the following is NOT a factor that favors effective team behavior? Close physical layout of team members Leadership tha

soldi70 [24.7K]

Answer:

Individual rewards for contributions to the team

Explanation:

A team should share rewards among themselves not to individuals, because effective teams are made of collaborators not competitors. By giving individual rewards for contributions to the team it reduces how effective the team behavior is.

For example, if a particular team is giving certain rights over others, there may begin to exist a competitive spirit amongst the team.

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3 years ago