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Yanka [14]
3 years ago
7

Efforts by the federal reserve bank (the fed) to control the money supply and interest rates are known as:

Business
1 answer:
Sindrei [870]3 years ago
7 0
Efforts by the federal reserve bank to control the money supply and interest rates are known as monetary policies.
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You are compiling Bertram Boat’s balance sheet. According to your calculations, Bertram has current assets of $85,000 and proper
iragen [17]

Answer:

$318,000

Explanation:

The computation of the total assets is shown below:

= Current assets +  property, plant, and equipment - difference in amount

= $85,000 + $235,000 - $2,000

= $318,000

The difference of amount is

= Account receivable - collected amount

= $50,000 - $48,000

= $2,000

Since the current asset is already given so we considered the difference in amount to find out the total asset.

3 0
3 years ago
Why are we forced to make choices in day-to-day life? we are forced to make choices in day-to-day life because of resources.
rewona [7]
We are forced to make choices in our day to day life because our resources are limited.

An example of this limited resources is our financial resources, we need to work to earn money to buy our necessities to live a comfortable life. Simply put, no work no pay. No pay, no food. No food, no life. So, no choice but work.
6 0
3 years ago
Read 2 more answers
The country of Lilliput has low unemployment and high consumer spending, and small businesses are thriving. However, prices are
lara31 [8.8K]

Answer:

Raise the income tax, which gives citizens less money to spend, and buy more services from civilian - owned businesses, which creates more jobs.

Explanation:

To prevent inflation, Lilliput's government should raise the income tax, which gives citizens less money to spend and buys more services from a civilian-owned business, which creates more jobs.

In this way, it can increase employment and reduce consumer spending which in turn will prevent inflation.

7 0
3 years ago
Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2
ValentinkaMS [17]

Answer:

(B) Operating income has increased as a percentage of revenue

Explanation:

Conducting a vertical analysis,

Operating income (year 1) = Fees earned, less operating expenses

= 149,700 - 127,245 = $22,455

Therefore operating income as a percentage of revenue = 22,455/149,700 = 15%.

Operating income (year 2) = 153,500 - 122,800 = $30,700

Therefore operating income as a percentage of revenue = 30,700/153,500 = 20%.

Therefore, operating income as a percentage of revenue increased from year 1 to year 2.

7 0
3 years ago
First National Bank charges 13.4 percent compounded monthly on its business loans. First United Bank charges 13.7 percent compou
Wittaler [7]

Answer:

First National Bank-14.25%

First United Bank-14.17%

As a potential borrower, I would go for First United Bank, as it offers a lower rate, which implies a lower interest cost on the loan.

Explanation:

Effective Annual Rate (EAR) is the equivalent annual interest rate where the interest rate for a transaction is quoted to be compounded for a period shorter that a year.

Usually , where the interest  nominal interest rate is quoted to be compounded for  a shorter period than a year, the EAR is usually higher. The EAR is computed as follows using this formula:

EAR =( (1+r/m)^(m) - 1 ) × 100

r-  nominal interest rate per annum, m- number of compounding periods in a year

So we can compute the EAR for the two banks :

First National Bank:

m= 12 compounding periods in a year

Monthly interest rate = r/m = 13.4%/12 = 0.01116

EAR = (1 + 0.01116)^(12) - 1

       = 14.25%

First United Bank:

m = 2 compounding periods in a year

Semi-annual interest rate = 13.7%/2 = 0.0685

EAR = (1+0.0685)^(2) -1

        = 14.17%

As a potential borrower, I would go for First United Bank, as it offers a lower rate, which implies a lower interest cost on the loan.

First National Bank-14.25%

First United Bank-14.17%

8 0
3 years ago
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