Sự gia tăng về giá cả một loại hàng hóa nào đó không chắc chắn là sự gia tăng của lạm phát.đúng hay sai?

For each situation, prepare the appropriate journal entry for the redemption of the bonds.

Arada [10]

Answer and Explanation:

The journal entries are given below:

On Apr. 30

Bonds payable $124,000

Loss on redemption of bonds( bal fig) $18,228

Discount on Bonds payable($124,000 - $111,972) $12,028

Cash ($124,000 × 1.05) 1,30,200

(Being redemption of bonds at 105 is recorded)

On Jun. 30

Bonds payable $162,000

Premium on Bonds payable($174,960 - $162,000) $12,960

Gain on redemption of bonds ( bal fig) $14,580

Cash($162,000 × .99) $160,380

(Being redemption of bonds at 98 is recorded)

5 0

3 years ago

You are Chair of the Federal Reserve Board. In your meeting with the Federal Open Market Committee, the committee un-animously v

ivolga24 [154]

You reply that "OMOs are the purchase and sale of government securities. To increase the money supply we will buy government securities which increases the amount of reserves in the banking system and fuels deposit expansion".

<u>Option: A</u>

<u>Explanation:</u>

The action of central bank to offer or take liquidity from or into a bank or a collection of banks in its exchange rate currencies is understood as an open market operation or OMO. The central bank is the only origin of such policy which may either purchase or sell the bonds of government on the open market or in what is now often the acceptable option, engage into a repo or protected lending agreement with a commercial bank: the central bank lend the monetary as a reserve over a given period of time and concurrently selects the qualified asset as security.

Here the Chair of the Federal Reserve Board explained OMO for the purpose of their use in the scenario of increasing money supply, by purchasing or selling the bonds or securities of public authorities to eligible bodies for the increment of assets in banking sector to drive the expansion of deposits.

8 0

3 years ago

Identify 3 reasons why we should teach financial education.

Sophie [7]

Answer:

Why should financial education be taught in schools?

Financial literacy classes teach students the basics of money management: budgeting, saving, debt, investing, giving and more. That knowledge lays a foundation for students to build strong money habits early on and avoid many of the mistakes that lead to lifelong money struggles

Should financial literacy be taught in schools essay?

it empowers you with basic knowledge of investment options, financial markets, capital budgeting, etc. Understanding your money mitigates the danger of facing a fraud-like situation. ... Basic knowledge of financial literacy will help people with foreseeing the risks and argue/justify with anyone learned and well-informed

4 0

2 years ago

MC Qu. 160 Webster Corporation's monthly... Webster Corporation's monthly projected general and administrative expenses include

Cloud [144]

Answer:

the total general and admin expense is $8,200

Explanation:

The computation of the total general and admin expense is given below:

Administrative salaries $4,300

Other cash administrative expenses $1,700

Depreciation $2,200

General and administrative expenses budget $8,200

hence, the total general and admin expense is $8,200

We simply added the above 3 items so that the correct value could come

5 0

3 years ago

When is allocative efficiency of a product achieved?

larisa86 [58]

Allocative efficiency of a product is achieved when parties are able to use the accurate and readily available data reflected in the market to make decisions about how to utilize their resources

3 0

3 years ago

Sự gia tăng về giá cả một loại hàng hóa nào đó không chắc chắn là sự gia tăng của lạm phát.￼đúng hay sai?

Sự gia tăng về giá cả một loại hàng hóa nào đó không chắc chắn là sự gia tăng của lạm phát.đúng hay sai?