How do job seekers use the bureau of labor statistics occupational outlook handbook

Wilcox Electronics uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Ide

Nookie1986 [14]

Answer and Explanation:

The sales journal records the sales transactions

The purchase journal records the purchase transaction

The cash receipts records that transactions in which cash is received

The cash payment records that transactions in which cash is paid

And, the general journal records the transactions related to adjusting entries, opening stock , etc

Based on this the identifications are as follows

a Sold merchandise on credit = Sales journal

b. Purchased shop supplies on credit = Purchase journal

c. Paid an employee’s salary in cash = Cash payment journal

d. Borrowed cash from the bank = Cash receipt journal

e. Sold merchandise for cash = Cash receipts journal

f. Purchase merchandise for cash = Cash payment journal

g. Purchased inventory for cash = Cash payment journal

h. Paid cash to a creditor = Cash payment journal

5 0

3 years ago

What are the relationship between household and commercial bank

Sindrei [870]

Does this help?

All commercial banks must keep an account with the Central Bank. These balances are used for cheque clearing purposes between banks. Payments for cheques between banks are set off at the Central Bank’s clearing house. The Central Bank can also demand commercial banks to deposit a certain percentage of their total deposits with the central bank in order to control the money supply.

The Central Bank is a lender of last resort and will aid commercial banks when needed. The Central Bank dictates the interest rate that commercial banks can offer by setting the bank rate. This is the interest rate set by the Central Bank and the rate at which commercial banks and the Central Bank do business, e.g. loans offered by the Central Bank to commercial bank.

6 0

3 years ago

Assume the economy is at full employment but planned investment exceeds saving. Other things being equal, what fiscal policy act

Scrat [10]

Answer:

Increase taxes and decrease government spending

Explanation:

Fiscal policy is used to bring an economy back to normal.

When the economy is at full investment and planned investment is greater than savings, the best policy action would be to Increase taxes and decrease government spending. By increasing taxes there would be a fall in disposable income and household spending would decrease.

Changes in fiscal policy has effects on GDP, unemployment, and inflation. In this question this would be contractionary fiscal policy. Aggregate demand would fall and there would be lower output, lower employment and lower price level

3 0

3 years ago

Terry is calculating the present value of a bonus he will receive next year. The process he is using is called:

MArishka [77]

The process used by Terry is known as Discounting.

<h3><u>What is Discounting?</u></h3>

A value obtained in the future is converted to an equivalent value received right away through the process of discounting.
Discounting takes into account the relative value of a dollar received now against one received in 50 years, for instance.
By converting future dollars into current dollars, the discounting process allows for the conversion of units of value over a range of time periods.
Decision-makers utilize discounting to fully comprehend the costs and benefits of policies that have long-term effects.

Discounting is a method for calculating the gap between current and future values.

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3 0

2 years ago

Michael works as a financial advisor in a doctors office. The two organizations that Michael most likely belongs to are the..

dybincka [34]

Michael works as a financial advisor in a health practitioner's office. the 2 agencies that Michael maximum possibly belongs to are the: A. AFP and AMA

A monetary adviser or financial advisor is a professional who offers economic services to clients based totally on their monetary state of affairs. In many nations, financial advisors should whole precise education and are registered with a regulatory body in an effort to provide advice.

A financial advisor is a professional who's paid to offer financial recommendations to customers. simply as you would hire an architect to create a plan for your house, you hire a financial marketing consultant to create a plan for your budget. it is all about paying a person for the know-how you need to reach unique goals.

A monetary guide will now not simplest set you up financially. they could help make choices on the most important existence adjustments like how tons maternity go away can you have the funds to take while having a child. They also can help maintain you on target financially while lifestyles throw you curve balls which include redundancy.

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5 0

2 years ago