Sana Gill deposited $3500 into a new business checking account to begin her new bookkeeping firm, Gill Bookkeeping. This business transaction would increase the company's cash, and increase Sana Gill's Capital.
<h3>A business transaction is what?</h3>
A financial exchange of commodities, money, or services between two or more people is referred to as a business transaction. A commercial exchange must have a measurable monetary value in order to be considered a transaction for accounting purposes. Business dealings will have an impact on the company's finances.
A long-term service contract might be as complicated as a business transaction, or it can be as simple as a cash purchase. The following requirements must be met for a transaction to qualify as a commercial transaction:
- The deal can be valued financially.
- The company and the third party engage in the transaction.
- The deal is made on behalf of the company and not for a person's personal benefit.
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Answer:
A. A system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
Hence, the type of banking system that the Federal Reserve Act of 1913 establish is a system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."
III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.
Also, the Fed is saddled with the responsibility of selling government securities such as treasury bills to the public.
Answer:
B. R-chart
Explanation:
An R-charts is used in monitoring the variation of a process, and it is based on samples that are taken from the process at given times
, for example, hours, shifts, days, weeks, months, etc. In other words, an R-chart is a type of control chart that is used to monitor the process variability (for example the range) when measuring small subgroups (n ≤ 10) at regular intervals from a process.
R-charts are the most commonly used control charts for the process variation, because they are the simplest to calculate.
Answer: True.
Explanation:
Managing technology are ways in which a business organization can integrate technology into their business operations to improve efficiency and increase profitability.
Appointing a chief technology officer to oversee the technological aspects of a business operation is a way of managing technology to improve a business.
The file extension helps an operating system, like Windows or macOS, determine which program on your computer the file is associated with.
