Answer:
The correct answer is:
- Conduct monetary policy;
- Ensure that the financial system is stable;
- Provide banking services to commercial banks, depository institutions, and the federal government.
Explanation:
A central bank is the apex monetary authority in a country. It plays several crucial roles in the smooth working of the economy.
- A central bank issues currency on behalf of the government.
- It formulates monetary policy on behalf of the government.
- It acts as a banker for the government.
- It acts as a banker for commercial banks.
- It supervises all financial institutions.
The role of providing services to businesses and consumers is played by commercial banks. Fiscal policy is formulated by the government. The responsibility of ensuring the growth of the economy also falls with the government.
Answer:
a) Statistical.
Explanation:
The three standard sections of a governmental comprehensive annual financial report are:
- Introductory
- Financial: includes financial statements and notes
- Statistical: include statistical data about relevant financial information and trends, and how they relate to government activities
Answer:
0.11 or 11%
Explanation:
The computation of the required rate of return is given below:
Required Rate of Return is
= Next Year Dividend ÷ Current Market Price + Growth Rate
= $3.15 ÷ $52.50 + 0.05
= 0.06 + 0.05
= 0.11 or 11%
working note
Given that
Current Market Price = $52.50
As we know that
Growth Rate = Return on Equity × Retained Earning Ratio
Now
Return on Equity = EPS ÷ Book Value of Share
= $5 ÷ 40
= 12.50%
So,
Retained Earning Ratio is
= 1 - Dividend Payout Ratio
= 1 - 0.60
= 0.40
And,
Dividend Payout Ratio = DPS ÷ EPS
= $3 ÷ $5
= 0.60
Now
Growth Rate = 12.50% × 0.40
= 5%
So,
Next Year Dividend = Dividend Recently paid × (1 + growth rate )
= $3 × 1.05
= $3.15
<h3>Item 1:</h3>
Debit : Merchandise $13,888.
Credit : Accounts Payable $13,888.
<h3>Item 2:</h3>
Debit : Merchandise $560.
Credit : Accounts Payable $560.
<h3>Item 3:</h3>
Debit : Accounts Receivable $17,098.
Debit : Cost of Sales $11,536.
Credit : Sales Revenue $17,098.
Credit : Merchandise $11,536.
<h3>What is meant by inventory system?</h3>
- A supply chain's full stock, supplies, and sales are tracked using an inventory system.
- Businesses use inventory systems to make sure they are fully aware of the goods they have on hand and where they are.
<h3>What is inventory system with example?</h3>
- All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.
- Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients.
- The car will be considered an asset.
<h3>What is inventory system and methods?</h3>
- The procedures and software you employ to plan, order, store, and manage your inventory are known as inventory control methods.
- There are generally two types of inventory control manual and perpetual.
- You must routinely perform physical counts of inventory when using manual inventory control.
<h3>What is the purpose of inventory?</h3>
- Keeping a steady supply of goods on hand for activities is inventory's primary purpose.
- Your company should look for the sweet spot between too much and too little stock, without ever running out, in order to carry out this duty efficiently.
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