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2 years ago

The three players in the money supply process include

1 answer:

7 0

The money supply is positvely related to the nonborrowed monetary base, and to the level of borrowed reserves.
The three players in the money supply process include banks, depositors, and the central bank.

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The Smith family adopted a child. The adoption procedure took about three months, and the family incurred various expenses. Will

Zina [86]

Yes, the Smith family will receive financial benefits for the taxable year. When you adopt a child, there are parts of the adoption process that are tax write offs for the family. Depending on the money spent, the different fee's paid and what all went into the adoption certain parts will be a tax credit they can apply and use as a deduction. Most of the time the expenses have to be at or over a percentage of your income.

3 0

2 years ago

Read 2 more answers

You have an opportunity to acquire a property form First Capital Bank. The bank recently obtained the property from a borrower w

love history [14]

Answer:

Acquiring the property will not be profitable. This is supported by the computation below;

Cash outflow required;

Offer cost $200,000

Other acquisition cost $10,500

Repairs cost $12,000

Selling expenses and fee $3,000

Loan Interest (180,000x8%) $14,400

Total $239,900

Expected selling price $225,000

Expected Loss $14,900

Explanation:

It is assumed that the $180,000 loan from the bank will be completely absorbed in the process of bringing the property into a good selleable condition. Also, the interest payable on loan will be paid monthly which will affect the liquidity of the buyer. Except funds are sought for somewhere else, the buy can not pay for the initial cost of the property. The venture will not be profitable.

Workings:

Cash outflow required;

Offer cost $200,000

Other acquisition cost $10,500

Repairs cost $12,000

Selling expenses and fee $3,000

Loan Interest (180,000x8%) $14,400

Total $239,900

Expected selling price $225,000

Expected Loss $14,900

7 0

2 years ago

Wesley, who is single, listed his personal residence with a real estate agent on March 3 of the current year at a price of $390,

Elenna [48]

Answer:

a. Wesley's recognized gain on the sale is $0.

b. Wesley's adjusted basis for the new residence is $325,000

c. Assume instead that the selling price is $800,000.

Wesley's recognized gain is $326,520, and his adjusted basis for the new residence is $325,000.

Explanation:

Wesley's actual gain = $363,000 - $21,780 - $600 - $300 - $800 - $200,000 = $139,520, but it can all be excluded using section 121.

If the selling price is $800,000;

Wesley's actual gain = $800,000 - $21,780 - $600 - $300 - $800 - $200,000 = $576,520, but he can exclude $250,000, so his recognized gain = $326,520

7 0

2 years ago

Punkeytown carries no insurance for possible claims and, as of January 1, 2019 (the start of its fiscal year), Punkeytown had no

Simora [160]

Answer: Will report a liability of $5000 for judgement debt and a claim of $11,000

Explanation:

The liability refers to the obligations of the firm which are certain is going to make payment as compensation.

The $5000 liability, although payment has not been made it's already Incurred by the company under the acural concept.

The claim of $11,000 is only probable and not certain even though amount and time of execution can be estimated, since it's not certain it will only be recorded as a claim in the goverments fund balance sheet.

4 0

2 years ago

In the general environment, many relationships exist among the various elements. General environmental trends can have positive

Advocard [28]

Answer: positive, negative, demographic.

Explanation:

The general environment is the bigger environment within where the task environment is enclosed. The general environment is made up of six segments which are the sociocultural, technological, demographic, political/legal, economic, and global forces.

Demographic forces are results of changes in the attributes of a population, like race, gender, age, ethnic origin, social class and sexual orientation. Demographic forces have a major implications for an economy. .

The aging of the population has a positive impact on the health care industry as there will be need to keep the healthcare industry in a good condition and provide necessary amenities for the aging population. This will therefore lead to a negative impact on the baby product industry as there will be lesser demand for baby products since there are older people in the country.

7 0

2 years ago