Answer:
The correct answer would be option B, A bank approves mortgage for a customer.
Explanation:
Injecting money into the economy means increasing money supply in the economy. It means more money is in the circulation. So when a bank approves a mortgage for a customer, it means bank is releasing money which will be in circulation and becomes a part of the economy. Mortgage is basically the loan or money which a bank or financial institution lends to a person or company on an agreed upon interest rate in exchange of their property with the condition that the bank will sell the property to get its money back if the borrower fails to return the loaned money. So the best example of how a bank can inject money into the economy is to approve the mortgage for a customer.
The answer for this question is: Out of state ID
When accepting out-of-state study, the institution is required to ask for additional information such as recent photos and document issuance date.
Since this type of ID make everything become complicated, a lot of individual establishments choose not to accept this type of ID.
Answer:
$7,000
Explanation:
Data provided in the question:
Beginning balance = $2,000
Office Supplies expenses = $8,000
Ending balance = $1,000
Now,
Let the amount of office supplies purchased be 'x'
Therefore,
Ending balance = Beginning balance + Purchases - Office Supplies expenses
or
$1,000 = $2,000 + x - $8,000
or
$1,000 = - $6,000 + x
or
x = $7,000
In this situation, the company should Enter a debit of $1.85 in the Cash Over and Short account.
By doing this, the amount of difference will be covered on the adjustment that made on the account and the calculation for the net profit and cash flows will be back to the correct value,
Answer and Explanation:
The effect of undervaluation of Inventory is shown below:-
Inventory Understated = Inventory counted + Correct value of inventory
= $545,000 - $554,000
= $9,000
Now, the effect of undervaluation of Inventory is
Cost of goods overstated by $9,000
Net income understated by $9,000
Retained earning understated by $9,000
Assets (Current assets - Inventory) understated by $9,000
