Answer:
The answer is C.
Explanation:
The Federal Reserve acts as the Central Bank. And the tool it uses to control the economy is monetary policy and its tools are:
1. Reserve requirements
2. Open market operation
3. Discount rate(interest rate)
The Federal reserve can control the money supply in the eco economy through any of these tools.
For example, if Federal reserve wants to increase the money supply, they can do the following:
a) reducing the interest rate it lends commercial banks money, commercial banks too reduces the interest it charges businesses or households. With lower interest, households and businesses are encouraged to borrow, thereby increasing the money supply and vice-versa.
b) lowering the reserve requirements. Reserve requirement is the minimum balance commercial banks must have with the federal reserves. This is guided by law. Lowering the reserve requirements enable commercial banks to have more money to lend to their customers and vice-versa.
In all, Federal reserve use any of these tools to control money supply that is consistent with their target nominal interest rate.
<span>Given:
cash balance per bank $3,560.20
nsf check 490
bank service charge 25
cash balance per books $3,875.20
deposits in transit 530
outstanding checks 730
My bank reconciliation:
Cash balance per bank: 3,560.20
Add: deposit in transit 530.00
deduct: outstanding checks <u> 730.00</u>
Adjusted Cash balance: 3,360.20
Cash balance per book: 3,875.20
Deduct: NSF check 490.00
Deduct: bank service charge <u> 25.00</u>
Adjusted Cash balance 3,360.20
</span>
Answer:
cash received = $ 240,000
Explanation:
On calculating the common stock $10 par
Beg. balance - $ 118,000
$6,000 - Issuance of common stock
Thus the ending balance = $124,000
On calculating the paid in capital in excess of par
Beg. balance - $ 351,000
$ 234,000 - Issuance of common stock
Thus the end balance - $ 585,000
Therefore,
The cash received - $ 240,000
Answer: Overstatement of profit by $8000
Explanation:
The change in an accounting method of valuing stock which results in decrease in the value of stock will increase the profit when compared to the period before the method that decrease the stock was used. To effect the change a debit charge will be made to the retained earnings and a credit charge to the stock account to reduce the value.
Answer:
B) marketing mix.
Explanation:
This is a marketing mix that Mr Holman designed. This is the 4P's; Product, Price, Promotion, Place
From this paragraph, you pick the hint from this sections;
- "He went through the process of developing the SamBat, a maple bat of precise dimensions" -(PRODUCT); the good that fulfills the need in the market.
- "..He set a price with a reasonable margin" -(PRICE) ; basically, the value of your product
- "..he decided to take special orders and sell bats directly from his garage"-(PLACE); where your customers will get access to the product; the ideal location.
- "and he promoted the bat with sales calls to professional baseball camps, where ball players could sample the bat. "- (PROMOTION) ; involves making the product known in the market and it involves advertising, public relations or online marketing.
