Answer:
Facilitating functions
Explanation:
Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.
They do not involve direct exchange of title of products or physical handing of goods.
For example the activities of marketers of a product results in easy sale of the product by the manufacturer.
Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother
As used in government accounting, expenditures are decreases in net assets. Hence, option A is correct.
<h3>What is
net assets?</h3>
The net assets are the total assets of the company minus the liability of the company, which is the basic calculation of the net assets. It is calculated at the time of preparing a company's balance sheet, and for this purpose, the person has to calculate the trading and profit and loss of the company.
Net assets are considered the equity of the company, and it is the retained earnings of the company. The corporation retains its profits and does not disperse them to the owners. Profits are retained in the company to support its expansion.
Thus, option A is correct.
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Answer:
A sales manager is the person responsible for leading and coaching a team of salespeople. A sales manager's tasks often include assigning sales territories, setting quotas, mentoring the members of her sales team, assigning sales training, building a sales plan, and hiring and firing salespeople.
Answer: See explanation
Explanation:
Based on the information given in the question, the increase or decrease in the retained earnings will be calculated as:
= (10,000,000 - 400,000) × 15% × $15
= 9,600,000 × 0.15 × 15
= 21,600,000
The retained earnings will decrease by $21.6 million
The options given aren't correct.
Answer:
ii) in a fractional-reserve banking system, each dollar of reserves can support more than one dollar of deposits, thereby increasing the money supply by more than $1.
Explanation:
In a fractional-reserve banking system, banks only keep a fraction of total deposits on hand. They will usually only keep the amount required by the Fed, which is called the required reserve ratio. Banks will lend the rest of the money to customers, since they make money by borrowing from customers and lending it at higher rates.
E.g. you deposit $1,000 in the bank. The bank is required to keep 10% in reserves, but lends $900 to another client. That client will spend the money and purchase something. The seller of that good or service then deposits the money into his/her bank. That second bank will then separate $90 as reserves and lend $81 to a different client which will again purchase something, and the cycle goes on...
