Answer:
a. I only
Explanation:
The Federal Reserve System or FED is the central bank of the United States that was created on december 23, 1913. Prior to the bank panic in 1907, congress men were motivated for renew demands for banking and to do a currency reform.
The Great Depression that last from 1929 to 1939 and the loan crisis of the 1980´s were events that took place after the FED creation, then they could not contribute to its foundation.
When an individual buy shares of a company's stock, They Gain partial ownerships in the corporation (option A)
If the individual buy 10 % of the total stocks, it means that individual own 10% of the company. If his ownerships goes above 50 % , he became a majority owner and basically can make all the decision in the company
Answer:
Account receivable on July 31 = $261,800
Explanation:
We would not be making use of the information for June as the question says 60% is collected in the month of sale and 40% is collected in the following month . Therefore as at July 31, all of june sales would have been collected and won't be outstanding
July credit sales = 85% * $770,000 = $654,500
Collected in July (60%) = 60% * $654,500 = $392,700
Receivable as at 31 July = $654,500 - $392,700 = $261,800
Answer:
Since there is not enough room here, I used an excel spreadsheet to answer the question.
Assets increased by $8,440
Stockholders' equity increased by $8,440
Revenues increased by $8,440
Cash flows increased by $6,040
Explanation:
The accounting equation: Assets = Liabilities + Stockholders' Equity, basically represents how the double entry accounting system works. One side (assets) must always be equal to the other side (liabilities + stockholders' equity).
Answer:
If Victoria purchases insurance, she will have (4000-1200) = $2800 for consumption. Now even if she has an accident, she will not have to incur any medical costs.
So the expected value of Victoria’s consumption should she purchase the insurance cover is $2800.
Expected utility should Victoria purchase insurance will be equal to the total utility as Victoria will surely have 3100 for consumption.
E(U )= 
E(U) = 621 (rounded off to nearest integer)
