Answer:
The higher discount rate lower the banks incentive to borrow from the Fed, lowering the quantity of reserves, and causing the money supply to fall.
This is because a higher discount rate makes borrowing from the Fed more expensive. Some of the money that would have been borrowed from the fed becomes bank reserves, and some other becomes loanable funds that increase the money supply. As a result, if banks borrow less from the fed, the money supply falls (or grow less).
The Fed Funds rate is the rate that banks charge one another for short-term overnight loans.
This occurs when banks are stripped of cash, and rely on other banks to meet their cash requirements for the day.
When the Fed buys government bonds, the reserves in the banking system increases, the banks demand for the reserves decreases, and the federal funds rate falls.
When the Fed buys government bonds, it is essentially creating money. This money enters the banking system in the form of reserves, of which some are loaned out, creating even money. Demand for the borrowed reserves falls because banks now need less of it, and as a result, their price: the federal funds rate, also falls.
Explanation:
Answer:
Joel is behaving in a totally unprofessional & unethical manner
Explanation:
As assistant controller, Joel Kimmel's job specification & responsibility includes financial statement preparation & combination, putting of internal controls in place, detailed analysis & reporting of cost variance, acts as the go-between with external auditors amongst other such responsibilities.
As such, when Joel discovered the cost discrepancy during the reconciliation, it was actually his responsibility to call the bank's attention to the variance. This is something that clearly falls under his job specification & can be considered as neglect of duty. Joel's decision defeats the very purpose of bank reconciliation, which is to correct any such discrepancy & to the ensure the rectification of transactions. Most importantly, the decision Joel plans to take is very unethical & is against standard accounting practices
We can therefore, say that Joel's decision is thoroughly unethical & unprofessional
Answer:
Recruitment criteria.
Explanation:
Recruitment criteria are models used to gauge all up-and-comers and their capacity to play out a vocation. You search principally for the most ideal match between an applicant's information, aptitudes, and capacities and the prerequisites for fruitful presentation of work.
Answer:
Culture is the ability to define a group of people. subculture is a group within a culture that differs from the general consensus.
Answer:
![\left[\begin{array}{ccc}&January&February\\$beginning&45000&27500\\$receipts&97000&150000\\$disbursement&-114500&-163500\\$interest&0&0\\$subtotal&27500&14000\\$minimun&20000&20000\\$Financing&&\\$beginning&0&0\\$payment/loan&0&6000\\$ending&0&6000\\&&\\$ending cash&27500&20000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D%26January%26February%5C%5C%24beginning%2645000%2627500%5C%5C%24receipts%2697000%26150000%5C%5C%24disbursement%26-114500%26-163500%5C%5C%24interest%260%260%5C%5C%24subtotal%2627500%2614000%5C%5C%24minimun%2620000%2620000%5C%5C%24Financing%26%26%5C%5C%24beginning%260%260%5C%5C%24payment%2Floan%260%266000%5C%5C%24ending%260%266000%5C%5C%26%26%5C%5C%24ending%20cash%2627500%2620000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
On January we collect the 85,000 from revenues and the 12,00 form marketable securities.
Then, we add up each disbursement:
Materials 50000
Labor 30000
Overhead (net of depreciation) 19,500
Selling and administrative 15000
Total 114,500
Then we solve for the cash balance and get the blaance as it is higher than 20,000 we do not need financing
Then, this value is the beginning cash for February. As the ending balance is 14,000 we will take 6,000 financing to reach the bare minimum of 20,000
