It should be the Second one that fits the best answer
When a bank keeps $12 from a $100 deposit as legal reserves, it is using <span>a fractional reserve system. The correct option among all the options that are given in the question is option "b".
</span>The Fed has defined different categories of money, M1 and M2, according to the money's function. The correct option among all the options <span>that are given in the question is option "b".</span>
The answer is: competitive environment
The competitive environment of a company include all things that could affect how well the company could sell its product in the market. The factors that could affect such performance include things such as how many rivals sold similar products in the market, consumers' preference, how many products can be used as alternative for the company's product, etc.
In explaining hedge funds to an investor, a registered representative might correctly characterize them as utilizing common stockholders.
- The potential for the greatest loss determines the riskiest situation.
- The inherent nature of leverage in futures trading is one of the main dangers involved. The most frequent reason for losses in futures trading is frequently a disregard for leverage and the dangers involved.
- Common stockholders always bear the most risk because they are the last to be compensated in the event of business liquidation. However, if the company is successful, common stockholders could stand to gain the most from ownership.
Learn more about common stockholders here
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Answer:
The journal entries to record the whole purchase and payment process are:
May 1, purchase of merchandise on account
Dr Merchandise inventory 400
Cr Accounts payable 400
May 3, defective merchandise returned
Dr Accounts payable 50
Cr Purchase returns and allowances 50
Dr Purchase returns and allowances 50
Cr Merchandise inventory 50
May 10? payment of merchandise account
Dr Accounts payable 350
Cr Cash 343
Cr Purchases discounts 7
