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melomori [17]
3 years ago
13

How does the Open Market Trading Desk conduct its​ operations? A. by sending its buy and sell orders to the U.S. Treasury for ex

ecution B. overminustheminuscounter electronically with private securities dealers C. directly with private securities dealers on the floor of the New York Stock Exchange D. directly with private securities dealers on the floor of the Federal Reserve Bank of New York
Business
1 answer:
Vesna [10]3 years ago
6 0

Answer:

B. over the counter electronically with private securities dealers

Explanation:

  • The open market operations are conducted by the trading desks at the federal reserve bank and the ranges of the securities include the federal reserves that are authorized to sell in relative limits.
  • This involves the buying and selling of the self-government securities the markets are flexible and thus mostly used as a tool in the monetary policy.
  • <u>Over the counter involves the off exchange's trading that is done directly between the two parties and does not need the supervision of exchange and is a type of decentralized market. </u>

<u />

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Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its
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Answer:Incomplete Question, You omitted the values for the following

supplies remaining at year-end: $700

Wages earned by workers but not yet paid at year-end: $500

Explanation:

1. To Record the journal entries required for December, excluding the December 31 year-end adjusting entries.

Cash Paid for prepaid insurance

Date            Account and Explanation     Debit         Credit

1st Dec   Prepaid Insurance                  $24,000

        Cash                                                                    $24,000

Supplies purchased in cash

7th Dec      Supplies                                   $2000

                 Cash                                                                   $2,000

13th Dec     No ENTRY            Roland Co agreed to do but has not done itr yet.

Advance received from ABX

24th Dec      Cash                                       $4,000

                    Unearned Revenue                                        $4,000

2. To Record the December 31 year-end adjusting entries for prepaid insurance,  supplies,  accrued wages, accrued revenue, and  unearned revenue.

Insurance expense

Date            Account and Explanation     Debit         Credit

31st Dec  Insurance Expense                   $1,000

        Prepaid Expense                                                    $1,000

Calculation.24 month insurance policy for $24,000 cash.

Insurance for a month = 24,000/24= 1000

Supplies Expense

Date            Account and Explanation     Debit         Credit

31st Dec  Supplies  Expense                   $1,300

              Supplies                                                     $1,300

Calculation :purchased supplies for $2,000 --supplies remaining at year-end, $700= $1,300

To record Wages earned by workers but not yet paid at year-end: $500

Date            Account and Explanation     Debit         Credit

31st Dec  Wages   Expense                   $500

               Wages Payable                                               $500

Service Revenue from  Telo

Date            Account and Explanation     Debit         Credit

31st Dec  Accounts receivable                 $6,000

               Service Revenue                                            $6,000

calculation=Job Completion at Year-End x received cash  of worth of work for Telo = 60% x 10,000 = %6,000

Service Revenue from  Abx

Date            Account and Explanation     Debit         Credit

31st Dec  Unearned Revenue                 $1,000

               Service Revenue                                                  $1,000

calculation=Job Completion at Year-End x cash in advance to perform work  = 25% x 4,000 = $1,000

3. Journal entry for January

Payment Of wages recorded

Date            Account and Explanation     Debit         Credit

5 Jan  Wages Payable                          $500

  Wages Expense (800-500)                 $300

               Cash                                                             $800

Payments from Telo Recorded

Date            Account and Explanation     Debit         Credit

12 Jan  Cash                                           $10,000            

      Account Receivable                                             $6,000

    Service Revenue(10,000-6000)                          $4,000

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Modified multiple choice in a business letter, the inside address usually contains the addressee’s ____.
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3 years ago
Assume that skilled labor costs twice as much as unskilled labor, a profit-maximizing firm will
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Assume that skilled labor costs twice as much as unskilled labor, a profit maximizing firm will hire until the marginal product of unskilled labor is half that of skilled labor.

A profit maximizing firm is a firm that tries to create products that are of good quality at the barest or smallest cost.

The marginal product falls after an additional amount of the resource has been added. It is the extra amount that is gained due to the addition of an extra unit.

Due to the fact that both the skilled and unskilled would decrease eventually, the company would have to hire both at equal marginal products.

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2 years ago
A credit card company claims that the mean credit card debt for individuals is greater than $ 5 comma 100. you want to test this
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3 years ago
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Answer:

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3 years ago
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