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Vitek1552 [10]
3 years ago
6

F brown lent us 4000 giving us the money by cheque​

Business
1 answer:
PSYCHO15rus [73]3 years ago
3 0

Answer:

See below

Explanation:

This transaction is affecting the bank's balance and F brown accounts. It is increasing the bank balance( asset account) by 4000 and increasing accounts payable/F brown ( liabilities account) by 4000.

An increase in assets is debited while an increase in liabilities is credited.

The journal entry will be

Bank A/c Dr.  4000

F brown A/c           4000

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Dave, a graphic designer, has applied for a job at Animatrix Co., an animation studio. When he is called for the interview, Dave
Alex_Xolod [135]

Answer:

The correct option is: B. work sample

Explanation:

Work sample is a statistical technique by which the employer tests the ability of a candidate by assigning a sample work to be performed, in order to evaluate or analyze the work performance of the individual.

It can also be defined as the previous work or projects that are used to determine the efficiency or performance of the candidate.

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6 0
3 years ago
Suppose the Federal Reserve sets the reserve requirement at 20%, banks hold no excess reserves, and no additional currency is he
Drupady [299]

The money multiplier is 5. And the total money supply increase by $2,000 million if the Federal Reserve increases reserves by $400 million.

Given,

The Federal Reserve sets the reserve requirement at 20%.

Banks hold no excess reserves, and no additional currency is held.

  • The money multiplier displays the amplitude of the change in the money supply as a result of the addition of new reserves to the banking system.
  • Banks use the money they are not obligated to retain in reserve to make loans, and the borrowed money shows up on other customers' deposit accounts.
  • In macroeconomics, the money multiplier is significant because it controls the money supply, which influences interest rates.
  • Because it affects monetary policy and the stability of the banking industry, it is also significant in the banking industry.

The money multiplier formula can be used to calculate the total amount of new deposits or money created.

Money multiplier = 1/reserve ratio

                            = 1/0.20

                            = 5

change in Total money supply = Money multiplier × change in reserves

                                 = 5 × $400 million

                                 = $2,000 million

Hence, The money multiplier is 5. And the total money supply increase by $2,000 million if the Federal Reserve increases reserves by $400 million.

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4 0
2 years ago
Rayburn owns all the shares of Newcastle Corporation, which operates as an S corporation. Rayburn's basis in the stock is $15,00
maksim [4K]

Answer:

$7,000 $-0-

Explanation:

For Rayburn to know what to record from the cash distribution, he will need to subtract his basis in the stock from the cash distribution he receives

Therefore $22 000 - $15 000 = $7 000.

And Newcastle has no income =$-0-

7 0
3 years ago
52) upon receiving notice from their electric utility that customers with solar power systems are permitted to sell excess power
Effectus [21]

The main environmental benefit of the photovoltaic systems is that its supplies clean and efficient energy while its environmental cost is tye need for space for placing the solar panels.

<h3>What is a photovoltaic system?</h3>

This refers to composition of solar panels with an inverter that use energy from the Sun to generate electricity.

The stand-alone photovoltaic system is the most efficient for need for homeowners as they generate the power for themselves.

In conclusion, the government could promote the use of photovoltaic power systems for homeowners in the future by making a sensitization of the benefit of clean energy.

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8 0
2 years ago
Pluto Company owns 100 percent of the capital stock of both Saturn Corporation and Sol Corporation. Saturn purchases merchandise
likoan [24]

Answer:

The amount that should be eliminated from cost of goods sold in the combined income statement for 20X8 is $31,250.

Explanation:

Amount eliminated from cost of goods sold in the combined income statement for year 2008.

saturn purchase merchandise from Venus at 125 % of sol cost.

sol sold inventory to saturn for $ 25,000

Amount should be eliminated from combined income statement

=  $25,000*125/100

= $31,250

Therefore, The amount that should be eliminated from cost of goods sold in the combined income statement for 20X8 is $31,250.

4 0
3 years ago
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