Answer:
The correct answer is Option 3: Variable
2) $844.64
3) $406.25
4) $234.25
Answer:
4) $234.25
Explanation:
First, we have to find out the monthly interest payment which is shown below:
= (Starting balance of January month × interest rate) ÷ total number of years in a year
= ($150,000 × 3.25%) ÷ 12 months
= $406.25
The total monthly payments is $640.50
So, the first payment would be
= Total monthly payments - monthly interest payment
= $640.50 - $406.25
= $234.25
B) increase the reserve requirement
C) buy securities on the open market
D) increase the rate on required reserves
Answer:
C) buy securities on the open market
Explanation:
The Fed has several tools that it can use to effect monetary expansion. Buying securities in the open market is one of the tools that result in expansion. When the Fed buy and sell securities in the markets, it conducts open market operations OPO.
By buying securities from banks, the Fed aims at reducing the interests rates. When the Fed buys securities, it increases money held by banks. It is the equivalents of large cash deposits to the banks. The Fed is encouraging banks to loan out money to firms and individual. Because banks will have too much money, they will entice borrowing by offering low-interest rates.
The Fed buying securities is increasing the money supply in the economy.
Answer:
c
Explanation:
The answer to the question is (A) a direct incentive.
A direct incentive refers to a type of incentive that is given in order to cause an action to occur.
A direct incentive is generally tangible to the person who is targeted by it. In contrast, its opposite, an indirect incentive refers to a type of incentive that a person receives indirectly by choosing to do something. It is usually less tangible than a direct incentive.
b. client agreement.
c. brochure.
d. press release.
The document a caterer uses to stipulate the terms, conditions, and contents of the services he or she will provide each client is called the client agreement. The answer is letter B.
Answer:
Explanation:
The journal entry is shown below:
Wages and Salaries Expenses A/c Dr $90,000
To Wages and Salaries payable $90,000
(Being salary are paid to the employees)
In the given question, cash transaction is not involved so we credited to the wages and salaries payable and since salary is paid so it is an expense that's why we debited it.