A $ 300
B $ 300
C $ -300
D $ 300
Treasury bills are assets and the monetary base is a liability.
<u>Explanation:</u>
To increase the money supply in the economy, the federal reserve should buy the treasury bills and this will increase the money supply in the economy, leading to more demand in the economy and therefore there will be growth and development of the economy.
With the increase in the purchase of the treasury bills by the federal reserve, the money supply will increase by $300.
Answer:
A. Telephone expense is debited $82; accounts payable is credited $82.
Explanation:
Mr. Peabody has incurred a debt of $82 on telephone expenses. His expenses have increased by $82, and his debts(liabilities) have also increased by $82.
An increase in expenses is recorded by debiting the relevant expense account. Mr. Peabody will debit the telephone expense account by $82.
Liabilities have increased by $82. An increase in liabilities is recorded by crediting the liabilities account. Mr. Peabody will complete this transaction by crediting the liabilities account by $82.
Answer:
c. An overdraft is a fee your bank charges you for opening a checking account.
Explanation:
Checking account is a deposit account with a bank or any financial institution that allows the owner of such account to make withdrawals and deposits. They are also known as demand accounts or transactional accounts. They are very liquid and allows for countless deposits and withdrawals and can be obtained by using automated teller machines, checks and electronic debits, and a number of other methods.
A checking account is unlike other bank accounts like less liquid savings or investments account it allows for countless withdrawals and unlimited deposits, and savings accounts sometimes limit both.
The statement that an overdraft is a fee that banks charges for opening a checking account is false.
Overdraft is a form of extension of credit from a finiancial institution and often granted when an account reaches zero. it allow such account holder to continue withdrawing money even though the account has no funds or insufficient funds that would cater for and cover the amount of the withdrawal. So it is not the fee that bank charges for opening a checking account, instead what checking account offers is overdraft protection in which if a checking account owner write a check or make a purchase than the funds in the checking account, the bank may cover the difference.
Answer:
$20.00 and $32.50
Explanation:
The computation of the ending inventory using the lower of cost or market value which is shown below
For Product 1
Given that
Replacement Cost = $22.50
Net Realizable Value is
= Estimated selling price - Estimated cost to dispose
= $40 - $5
= $35
So, the market value is
= Net Realizable Value - Profit Margin
= $35 - (0.30 × $40)
= $23
As we can see that the cost is $20 and the market value is $23 so the lower value is $20 and the same should be selected
For Product 2
Given that
Replacement Cost = $27
Net Realizable Value is
= Estimated selling price - Estimated cost to dispose
= $65 - $13
= $52
So, the market value is
= Net Realizable Value - Profit Margin
= $52 - (0.30 × $65)
= $32.50
As we can see that the cost is $35 and the market value is $32.5 so the lower value is $32.5 and the same should be selected
Answer:
In the painting of the coronation of Mary, Mary is being crowned by Jesus and God.
Explanation:
In the painting, "The Coronation of the Virgin", Mary, is being crowned by Jesus, the Son and God, the Father. The relationship that Mary had with Jesus, the Son was that she gave birth to Him. Mary was the mother of Jesus and a worshiper of God, the Father. The Holy Spirit is the part of the Trinity.
According to the scriptures of the Bible, Mary conceived Jesus, the Son of God through the Holy Spirit and gave birth to Jesus, the savior of the world.
The significance of the crown is that she is being crowned for being a faithful servant to God by obeying God. The outstretched arms represents that she is welcoming the family.
