Answer:
Debit Supplies $350, credit Cash $350
Explanation:
The journal entry for the purchase of supplies is shown below:
Office supplies A/c Dr $350
To Cash A/c $350
(Being the office supplies are purchased for cash)
Since the office supplies are purchased for cash which means the supplies are increased and the cash balance is decreased.
That's why we debited the supplies account and credited the cash account.
Answer: Access control.
Explanation:
Access control are restrictions set beforehand to limit users of a
computer network access to certain websites or files in a computer system. Access control is normally set for the sake of increased security of a computer network users and organizations, it can be in the form of: pins, biometric scans and some other forms of user verification.
Answer:
The explanation is given as follows.
Explanation:
<u>Task 1: </u>
<u>The higher the percentage of assets a bank holds as loans, the higher the capital requirement.</u>
When the owners of the bank borrow $100 to supplement their existing reserves , both reserves and debt increase by $100 , therefore increase in debt as in any balance sheet , the total value of accounts on the left hand should be equal to the right hand , so when there is increase in reserves , there will be increase in debt.
<u>Task 2:</u>
<u>It specifies a minimum leverage ratio for all banks
</u>
leverage ratio initially = total assets / capital = 1750 / 125 = 14
leverage ratio new value = total assets / capital = 1850 / 125 = 14.8 ( the assets increase by $100 with increase in reserves)
<u>Task 3</u>
<u>Its intended goal is to protect the interests of those who hold equity in the bank.</u>
Capital requirement are there to ensure that bank have enough capital to repay the depositors and debtors and if a bank holds a higher percent of risky assets , capital requirements will be higher so that the bank remains solvent hence option a is right answer.
Answer:
Change in Nominal income = 5%
Change in real income = 2.9 %
Explanation:
<em>Real income </em><em>is the amount of basket of goods and services that can be actually purchased . It is the nominal income adjusted for inflation.</em>
<em>Real income = (CPi in base base year/ CPI current year) × Nominal income </em>
Real income for Sabrina
= (100/102) × 105,000
= 102,941.1765
<em>Change in real income</em> = (102,941.1765 -100,000)/100,000
= 2.9 %
<em>Change in Nominal income</em> = (105,000-100,000)/100,000
= 5%
Answer: The arbitrator displayed bias and exceeded her authority.
Explanation:
There is need for integrity and fairness when carrying out a job especially avoiding bias. It is also out of place and being unprofessional for an arbitrator or human resource to discriminate in decisions as regards employment; placing some on a better pay and position while another is not especially when they have the same criteria and experience for the job. Doing this is unethical and an exceed of authority.
