Answer:
The statement is true
Explanation:
Tightening monetary policy or curbing money supply in an economy is a move by Federal Reserve to control inflation or bring down over-heated economic growth.
Money supply is curbed by increasing short-term interest rates, thereby increasing cost of borrowing and making borrowing less attractive to public. This increase in short-term rates, also called Federal fund rates are usually greater than long-term interest rates prevailing in the market.
We know he is paid $4,200, and we also know he makes 2% on everything over $50,000. He made $60,000 which is $10,000 over the minimum, so he made 2% of $10,000. Multiply 0.02 times 10,000 and you get 200. We then add 200 to his base pay of 4,200 and we get 4,400.
The answer is B- $4,400.
Hope that helps!
Answer:
im not sure but i think it is d
Explanation:
Answer:
Total Asset = $2,598,200
Explanation:
Accounting equation : Asset = Equity + liabilities
Equity =common stock + retained earnings
= ( 5000*$400) + (40000 - 1800)
= $2,000,000 + 38200
= $2,038,200
Liabilities = $240,000 + 320000
= $560,000
Total Equity and Liabilities = 2038200 + 560000
= $2,598,200
double entry principle helps to ensure that the accounting equation is done e.g when common stock is issued contra entry is bank if cash is received.
