The money supply in the economy decreases.
Answer: Option A
<u>Explanation:</u>
The central bank of the country has certain measures which can control the supply of the money in the economy. One of those measures is to buy and sell bonds in the market.
If the central bank sells bonds to the other banks, it will result in the decrease in the supply of the money in the market because the reserves in the bank also reduces. The bank purchases the bonds from the central bank and thus the reserves decrease.
Answer:
See Explanation
Explanation:
(a)
Journal entry to record the transaction is,
Particulars Debit Credit
Land and Building (460000 + 520000) $980,000
Cash Paid $360,000
Mortgage Payable (980,000 - 360,000) $620,000
We assume that 4% interest is chargeable each semiannual payment and that each subsequent payment is charged 4% on the remaining amount of principal minus any preceding principal payments.
(b)
First installment = Principal + Interest payable
= 31,000 + (620,000 * 0.04) = $55,800
(c)
Second payment = 31,000 + [(620,000 - 31000) * 0.04] = $54,560
Since the chart of accounts is not provided you can confirm the the account headings.
Hope that helps.
Answer:
A. A command economy depends largely on the government, whereas a mixed economy involves individuals and businesses, too.
Explanation:
A command economy is a system in which the government is the one that decides the goods that can be produced and establishes the prices of them and the mixed economy is a system that involves the goverment which has some control but also, the private sector. This means that the production and the prices depend on the supply and demand.
Answer:
the discount rate should be 10%
Explanation:
The computation of the discount rate should be given below:
The Amount of discount is is
= $50,000 - $48,750
= $ 1,250
The $1,250 should be for 90 days.
So for 360 days, it should be
= $1,250 × 4
= $5,000.
And, the discount rate is
= $5,000 ÷ 50,000 × 100
= 10%
Hence, the discount rate should be 10%
Answer: All of these are correct answers.
Explanation: In simple words, Balanced scorecard refers to the strategic management system in which the organisational tries to communicate to the stakeholders what is their ultimate goal and what are they trying to establish.
In such a process, the managers of the organisation translate their mission statement relating to various aspects of customer service and declares their course of actions regarding the activities that really matters to the customers.
Hence from the above we can conclude that all the statements are correct in the given case.
