At the beginning of April, Baugh Corporation's assets totaled $250,000 and shareholder's equity totaled $165,000. During April the following summarized transactions occurred: 1. Additional shares of $10 par-value common stock were sold for $25,000 cash. 2. Land costing $105,000 was purchased using $15,000 cash and by signing an $90,000 long-term note payable. 3. Short-term investments costing $12,000 were purchased using cash. 4. $5,000 was given to an employee as a loan; the employee signed a three-month note in exchange for the loan. The employee has not repaid any of the loan yet. How much are Baugh's total liabilities at the end of April? Enter your answer without a comma, dollar sign, or decimal point. A
Answers
Transaction analysis is a technique for recording and organizing business transactions in a clear and concise manner. To calculate Baugh's total liabilities, let us examine the transactions that occurred during April.
1. Additional shares of $10 par-value common stock were sold for $25,000 cash.
The sale of additional common stock resulted in a $25,000 increase in cash. Baugh's assets increased by $25,000 as a result of this transaction, but its liabilities remained unchanged.
2. Land costing $105,000 was purchased using $15,000 cash and by signing an $90,000 long-term note payable. Baugh bought land for $105,000, $15,000 of which was paid in cash.
Baugh owed the remaining $90,000 as a long-term note payable. This means that the total liabilities increased by $90,000.3. Short-term investments costing $12,000 were purchased using cash.
Paying $12,000 in cash for short-term investments will increase Baugh's assets by $12,000. However, this transaction has no effect on Baugh's liabilities.
4. $5,000 was given to an employee as a loan; the employee signed a three-month note in exchange for the loan. The employee has not repaid any of the loan yet.
The amount of the loan given to the employee was $5,000, and the employee signed a three-month note in exchange for it. However, this loan has no effect on Baugh's liabilities since the employee has not repaid any of it yet.
Therefore, Baugh's total liabilities at the end of April are $90,000, which is the result of transaction 2.
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Related Questions
Why do you think that agriculture and Forestry related occupation and important? Give reasons?
Answers
Answer:
These careers supply us with a multitude of food products and alternative energies, among many other important resources for sustaining our country and contribution to the world economy.
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What is stock turnover?
A. How long customers have own the products they've purchased
B. How quickly inventory sells
C. How much it costs to keep inventory
D. How the stock market affects inventory
Answers
Answer:
d.how the stock market affects inventory
Explanation:
a stock turnover is the rate at which a company's goods are sold and replaced. I hope that helped <3
stock movement Effects of the stock market on inventory Thus option (D) is correct.
What is the stock price?A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.
Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges. This technique is founded on the assumption that investors operate rationally and without bias, and that they evaluate the value of an asset at any given time based on future expectations.
Therefore, Thus option (D) is correct.
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Which function identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies, and establishes prices?
Answers
The function that identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies and establishes prices is known as Marketing.
What is Marketing?It refers to the process of creating, distributing, pricing and promoting goods, services in order to facilitate satisfying exchange relationships with customers and develop and maintain favorable relationships with stakeholders in a dynamic environment.
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Assume interest is compounded monthly. The ______ annual rate will express this rate as though it were compounded annually.
Answers
A compounded interest rate is sometimes called an effective annual rate.
Answer: effective
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Why would an employer ask about an applicant’s honors, awards, and activities?
Respond in 3-4 well written sentences:
Answers
Answer:
Explanation:
To show that you have special skills and what your areas of expertise are.
Answer:
There are multiple reasons employers would want to know about honors, awards, and activities. The first reason is to see if you are hard-working or not, if you have many awards and whatnot, employers will see that you have a good drive to get things done, clubs and activity you’ve participated in shows that you’re a team worker. It can also show your areas of expertise and can show your special skills and abilities.
Explanation:
I took the last part from the other answer but I do flvs career research and this was correct for me
Put the following events from computer history in the order they happened:
Drag
Drop
Drag events here with oldest at top
The World Wide Web becomes available to the public
Scientists at Bell Laboratories invent the transistor
Apple releases the iPhone
Herman Hollerith develops electronic tabulating machine
International Business Machines, or IBM, is formed
The Apple Il is released for home consumers
Jack Kilby invents the microchip
Answers
The sequencing of the following events with respect to computer history is as follows:
In 1890, Herman Hollerith introduced a machine of electronic tabulation.In 1911, IBM or an International business machine should be developed.In 1947, The scientist invented the transistor at Bell Laboratories.In 1958, Microchip was invented by Jack Kilby.In 1977, Home consumers should be released by the Apple II.In 1993, WWW or World wide web could be accessed by the public.In 2007, iPhone should be introduced by Apple.In this way, the above events should be ordered.
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Answer:
Answer in image
Explanation:
When deciding where and how many ads to run in the digital age, what do advertisers have to consider most?
oa. customer fatigue with commercials
ob.
dilution of the brand across commercials
oc.
poor economy of scale in advertising
o d.
lack of interest in products
Answers
While deciding about where and how many ads needed to be run through digital advertising, the advertisers must consider the customer fatigue associated with their commercials.
Option A is the correct answer.
Who is a customer?A customer is an individual who acquires a product from the market through an ad telecasted on electronic devices.
Customer fatigue arises when the customers are losing interest in the advertisements of the company as the ads repetitively come on every digital device. it is important for the advertisers to decide on which medium they are required to advertise their ads and how many ads needed to be advertised so that the interest of the public cannot lose over it.
Therefore, customer fatigue needs to be considered when making a decision about where and how many ads need to advertise.
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California courts have held that if a lease is written, then it must be
signed by the...
leaseholder
lessee.
tenant
lessor.
Answers
The parties to the lease, a description of the property, the length of the lease, the rental payment amount, and the date and method of the rental payment are the minimal legal requirements. Thus, option A is correct.
What California courts have held that if a lease is written?In the State of California, only verbal lease agreements for periods shorter than a year are regarded as being legally binding.
Beyond this limitation, a lease that is less than a year in length but whose expiration date is more than a year after the verbal agreement must be in writing.
The validity of an unrecorded lease between a landlord and a tenant is recognized under California law without the need for a lease or a memorandum of a lease to be recorded. Parties who have been given notice of the lease.
Therefore, California courts have held that if a lease is written, then it must be signed by the leaseholder.
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An appraisal of the relationship between an object, action, or idea and some attribute related to it is a(n)
Answers
An appraisal of the relationship between an object, action, or idea and some attribute related to it is a(n) evaluation.
An appraisal is a formal assessment or evaluation of something, typically property or assets, to determine its value or worth. Appraisals are commonly used in real estate transactions, insurance claims, and financial planning. They are performed by trained professionals, such as appraisers or valuators, who use various methods and data to estimate the value of the property in question. An evaluation is an appraisal or assessment of the relationship between an object, action, or idea and some attribute related to it. It can involve analyzing, comparing, and determining the value or effectiveness of something.
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What are a list of ways a family can provide enrichment for children without elaborate or expensive toys?
Answers
Answer:
Please see below.
Explanation:
Below are some of the list a family can provide enrichment for children without elaborate or expensive toys.
1. A family can gather their children and ask them to sing their favorite songs poems. They can also be taught new songs and poems. By doing this, boredom will be eliminated hence enriches them without necessary buying them expensive toys.
2. A family can ask their children to paint any animals they like whether on papers or plywood in different colours This will enable them to develop their innate drawing skills while making fun of the whole process.
3. The family can as well play a quick game with their children. Some games like arm or thumb wrestle could be fun. There is also clapping games or the children can teach the family the clapping games they learnt at school.
4. Children could be asked to tell a story from favorite story books or the parent could create an imaginary story for them. The whole idea is to keep them busy and make it fun as much as possible.
5. There is also riddles and play and cracking of jokes. Children may be asked to crack jokes, play riddles etc. Parents may as well crack jokes and play riddles for them in order to keep them busy and make them have fun.
6. For children who are already in school, the parents could help them solve their maths home work. They may be asked to solve first, after which corrections will be done for them. They may also be given other maths puzzle to solve, just to make them busy and have fun.
a trademark is business information that represents something of economic value, has required effort or cost to develop, has some degree of uniqueness or novelty, is generally unknown to the public, and is kept confidential.
Answers
False a trademark is business information that represents something of economic value, has required effort or cost to develop, has some degree of uniqueness or novelty, is generally unknown to the public, and is kept confidential.
A trademark is enterprise statistics that represents something of monetary value, has required attempt or fee to develop, has a few diplomas of forte or novelty, is typically unknown to the public, and is stored confidential.
The Prioritizing Resources and Organization for Intellectual Property (PRO-IP) Act of 2008 extended trademark and copyright enforcement and notably extended consequences for infringement.
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_______ includes a set of abilities that enables us to recognize and regulate our own emotions as well as the emotions of other people.
A. Emotional intelligence
B. Emotional labor
C. Cognitive dissonance
D. Positive affectivity
E. Job satisfaction
Answers
The term emotional intelligence refers to a set of abilities that enables us to recognize and regulate our own emotions as well as the emotions of other people. It encompasses five basic components: self-awareness, self-regulation, motivation, empathy, and social skills.
Each of these components is essential for individuals to understand their own emotions and to respond appropriately to the emotions of others. For instance, individuals who possess a high degree of self-awareness can identify their own emotional reactions to situations, such as when they feel angry, sad, or frustrated.
Self-regulation involves managing these emotional responses, such as by using relaxation techniques or by reframing negative thoughts.Positive affectivity refers to a person's general level of positive emotions, such as happiness, enthusiasm, and optimism.
Individuals who have high levels of positive affectivity tend to be more satisfied with their lives and to have better mental and physical health. Job satisfaction is a measure of how much an individual likes his or her job and is influenced by a variety of factors, such as pay, benefits, work environment, and relationships with co-workers.
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Sung owns a plumbing supply store. One of his clients, Village Plumbers, has a charge account with his store. This month Village Plumbers charged 200 feet of pipe at $0.40 per foot, 150 elbow joints at $0.75 per elbow joint, and 36 outdoor faucets at $2.49 per faucet. Sung must charge 5.5% sales tax on all items sold? What is the balance on Village Plumbers’ charge account?
Answers
Answer:
$297.66
Explanation:
The total costs of the items would be
200 feet pipe : 200 x $0.40 = $80.00
150 elbow joints: 150 x $0.75 = $112.50
36 outdoor faucets: 36 x $2.49 =$ 89.64
Total cost =$282.14
add 5.5% tax
=5.5/100 x $282.14 =$15.52
Total $297.66
The balance on Village Plumbers’ charge account =$297.66
b) Manuel needs to order fruit and vegetables on a regular basis from his supplier. Consider the advantages and disadvantages of three methods of communication he could use to place orders with his supplier. Recommend the best method for him to use. Justify your answer
Answers
Explanation:
Manuel has several options for communicating with his supplier to place regular orders for fruits and vegetables. Three potential methods include phone calls, emails, and electronic ordering systems (e.g., a dedicated supplier platform, mobile app, or EDI). We will analyze the advantages and disadvantages of each of these methods and recommend the best option for Manuel.
1. Phone calls:
Advantages:
- Direct, real-time communication with the supplier allows for immediate clarification of issues or negotiations.
- Personal interaction may help strengthen the client-supplier relationship.
- Can be executed quickly in urgent or last-minute situations.
Disadvantages:
- No written record of the conversation, potentially leading to misunderstandings or information loss.
- Requires both parties to be available at the same time.
- Longer or more complex orders might be prone to mistakes, as there is no transcript to review.
2. Emails:
Advantages:
- Provides a written record of the order, clarifying expectations and minimizing miscommunication.
- Allows for asynchronous communication, with no need to coordinate schedules.
- Ability to attach documents or images, if necessary.
Disadvantages:
- May lack the personal touch found in phone calls.
- Time-sensitive requests may not receive an immediate response.
- Emails can be lost or delayed due to spam filters, server issues, or full inboxes.
3. Electronic ordering systems (supplier platform, mobile app, EDI):
Advantages:
- Streamlines the ordering process, with consistent formats and fields.
- Real-time updates on inventory, pricing, and delivery schedules.
- Can integrate with other systems such as accounting and inventory management.
- Reduces manual data entry and hence errors.
Disadvantages:
- May require initial investments in technology or training.
- Potential issues with data privacy or platform compatibility.
- If the system crashes or experiences technical issues, orders may be delayed or lost.
Recommendation:
Based on the analysis, the best method for Manuel would be an electronic ordering system. Although it may require some initial investment and training, it provides a streamlined, efficient approach to ordering, reducing the likelihood of errors and offering real-time updates. This method will also save time, as it eliminates the need for coordination and manual data entry. Integration with other systems further supports business operations and decision-making.
While emails may offer a written record of the order, electronic ordering systems provide this advantage without the risk of delays or lost messages. Phone calls, on the other hand, may allow for personal interaction but lack the consistency, documentation, and automation that electronic systems provide. Overall, an electronic ordering system is the most effective and reliable choice for placing regular orders with the supplier.
Using the pie chart in your reading, what percentage of our total tax dollars is used by the federal gov. to fund the social security and Medicare programs?
Answer: 38%
Answers
The percentage spent on Social Security and Medicare of the total is = 28.32% of the Total Spending.
The total amount of funds used by the Federal Government for social security and Medicare in the year 2020 is $1.869 Trillion.
The total Medicare and Social Security spending:
Medicare ($ 769,000,000,000) + Social Security ($ 1,100,000,000,000) =
Total ($ 1,869,000,000,000) or $1.869 Trillion
The percentage of the Medicare and Social Security spending as a percentage of the total spend:
The Total Spend = $6.6 Trillion (or $6,600,000,000,000)
The percentage spent on Social Security and Medicare of the total is:
Formula = (Value / Total) x 100%
= ($1.869 Trilion/$6.6 Trillion) x 100%
= ($ 1,869,000,000,000/$6,600,000,000,000) x 100%
= 0.28318181818 X 100%
= 28.32%
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Which of the following is an output device? DVD-ROM Touchpad Hard drive Printer
Answers
The printer should be considered an output device.
The following information should be considered for an output device:
The output device is the device that transforms the information into a human-readable form. The example of the output devices includes monitor, printer, plotters, speakers, etc.Therefore we can conclude that the printer should be considered an output device.
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zack's employer promises to pay him a bonus b for each car sold. however, there is a risk that the company will go bankrupt and will not be able to pay its employees. that is, with probability 0.6 the company will survive and will pay the promised bonus; and with probability 0.4 the company will go bankrupt and will pay nothing. zack is risk-neutral, and when he chooses his effort he does not know if the company will go bankrupt or not; he only knows the probabilities. for zack, his effort cost is 3e2. zack's expected utility equals his expected income minus the cost of effort. find the optimal effort e* that maximizes zack's expected utility.
Answers
Q = 3e denotes production function. If company survives, Zack will earn b with probability of 0.6, and he will earn 0 with probability of 0.4 if company fails.
What is probability?Probability is a branch of mathematics that deals with calculating the probabilities that a proposition is true or that an event will happen. A number between 0 and 1, with 0 typically signifying impossibility and 1 typically signifying certainty, denotes the likelihood of an event. With increasing probability, an event's likelihood of occurring rises. These concepts have an axioms mathematical formalization in probability theory, which is frequently used in disciplines like statistics, mathematics, scientific knowledge, finance, gambling, artificial intelligence, machine learning, computer programming, game theory, and philosophy to, for example, reasonably deduce expected frequency of events.
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many employers recognize that past performance is the best indicator of future performance, so they conduct interviews. a. behavioral b. panel c. selection d. informational
Answers
Many employers recognize that past performance is the best indicator of future performance, so they conduct interviews. The answer is : a) behavioral interviews.
Behavioral interviews are a type of interview technique used by employers to assess a candidate's past behavior as an indicator of their future performance. In a behavioral interview, the interviewer asks specific questions about past experiences and actions in order to gauge how the candidate might respond in similar situations in the future.
By asking candidates to provide detailed examples of how they have handled specific situations or challenges in the past, behavioral interviews allow employers to assess the candidate's skills, competencies, and decision-making abilities.
Behavioral interviews typically focus on key competencies and skills relevant to the job, allowing employers to gather insights into the candidate's abilities to handle various work scenarios. The interviewer may ask questions such as "Tell me about a time when you faced a difficult deadline and how you managed to meet it," or "Describe a situation where you had to resolve a conflict within a team."
Overall, behavioral interviews help employers make more informed hiring decisions by evaluating a candidate's past performance and how it aligns with the requirements of the position.
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When gathering information about an industry, pay attention to whether it is a growth industry. What does this mean?
Answers
Answer:
Explanation:d. an industry that is growing and adding jobs which means it may be easier to get work
Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record this transaction would include a:
Answers
Danielle's journal entry to record this transaction would include a:credit to common stock.
What is Journal entry?Journal entry is simply the book of original entry.
Assuming the company received the amount of $2,000,000 from investors and issued them shares of its stock the appropriate journal entry to record this transaction would include a credit to common stock,
Journal entryDebit Cash $2,000,000
Credit Common stock $2,000,000
Inconclusion Danielle's journal entry to record this transaction would include a:credit to common stock.
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Identify an organization that participates in a corporate social responsibility (CSR) activity, and describe that CSR activity. If you were the CEO of this organization, how would you assess the value of the CSR activity? What does the organization want to achieve through this CSR activity?
Answers
One organization that participates in corporate social responsibility (CSR) activities is Patagonia, an outdoor clothing and gear company. One of their notable CSR activities is their commitment to environmental sustainability.
Patagonia's CSR activity includes initiatives such as reducing their carbon footprint, promoting sustainable manufacturing practices, and supporting environmental causes. They have implemented measures to reduce energy consumption, use recycled materials in their products, and advocate for environmental protection. They also donate a portion of their profits to grassroots environmental organizations.
If I were the CEO of Patagonia, I would assess the value of their CSR activity by considering various factors. Firstly, I would evaluate the impact of their sustainability efforts on the environment. This would include measuring reductions in carbon emissions, waste generation, and water usage. I would also assess the effectiveness of their sustainable manufacturing practices in terms of resource conservation and minimizing environmental harm.
Additionally, I would analyze the social and reputational value of their CSR activities. This would involve examining the public perception of Patagonia's sustainability efforts and their influence on brand loyalty and customer engagement. I would assess whether their CSR initiatives attract and retain environmentally conscious customers, and if it contributes to positive brand recognition and differentiation.
Furthermore, I would evaluate the alignment of the CSR activity with the organization's values and long-term goals. Patagonia's commitment to environmental sustainability aligns with their mission of producing high-quality products while minimizing their ecological impact. Assessing how the CSR activity aligns with the overall strategic direction of the company would help determine its value.
The ultimate goal of Patagonia's CSR activity is to create a positive environmental impact beyond their own operations and inspire others to take action. They aim to be a catalyst for change within the industry and encourage sustainable practices throughout the supply chain. Through their CSR initiatives, Patagonia wants to raise awareness about environmental issues, protect natural resources, and contribute to the well-being of the planet.
In evaluating the value of the CSR activity, it would be essential to measure the tangible outcomes in terms of environmental impact and assess the intangible benefits, such as enhanced brand reputation and customer loyalty. It is crucial to ensure that the CSR activity aligns with the organization's core values, furthers its mission, and generates positive results for both the company and the broader community.
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B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?
Answers
Answer:
conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer's offer on a home is contingent on something getting done for the purchase to go through
What is the difference between a total and a subtotal?
Answers
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
1. How does preserving the environment benefit business?
Answers
Answer:
b
Explanation:
by preserving the environment can attract new customers. promoting your environmental friendly methods can set business apart from competitors
a company had interest expense of $3,900, income before interest expense and income taxes of $16,600, and net income of $7,000. the company's times interest earned ratio equals: multiple choice 2.37. 0.56. 0.23. 4.26. 1.79.
Answers
A business reported a $3,900 interest charge, a $16,600 profit before interest and taxes, and a $7,000 profit overall. The ratio of times interest earned by the corporation is 4.26.
What does the ratio of times interest earned indicate?The times interest earned ratio measures a company's solvency by determining if it generates enough revenue to cover its debt. It specifically contrasts the revenue generated by a business before taxes and interest with the interest costs associated with its debt obligations.
The interest coverage ratio, sometimes referred to as the times interest earned (TIE) ratio, gauges how readily a business can settle its debts with its present income. Divide revenue by the total amount of interest due on bonds or other types of debt to arrive at this ratio.
Times Interest Earned Ratio = prior to interest costs and taxes on income / Interest Expense
Times Interest Earned Ratio = $16,600 / $3,900 = 4.26
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g Suppose the own price elasticity of demand for good X is -3, its income elasticity is 2, and the cross price elasticity of demand between good X and Y is -5. Determine how much the consumption of this good will change if: 1. The price of good X increases by 5% 2. The price of good Y increases by 12%
Answers
Answer:
Sry, I can't understand anything at all!
In considering whether to take action to delay the recognition of revenue until fiscal year ended September 30, 2019, Madison should be most concerned with her:
Answers
which of the following scenarios best describes an oligopolistic industry? a a college has one bookstore selling textbooks to students. b coca-cola and pepsi sell most of the soft drinks consumed around the world. c thousands of soybean farmers sell their output in a global commodities market. d hundreds of firms produce similar, but differentiated, types of shoes. e a single cable company serves customers in a small town.
Answers
The scenario best describes an oligopolistic industry as Coca-Cola and Pepsi sell most of the soft drinks consumed around the world. Thus the correct option is B.
What is the oligopolistic industry?Small numbers of suppliers control markets in an oligopoly. These markets are regarded as the opposition to other sectors or emerging industries. They stand particularly strongly behind their products and services in the marketplace.
The majority of soft drinks consumed on a regular basis around the world are sold by Coca-Cola and Pepsi, who fiercely compete in this oligopolistic market.
Therefore, option B is appropriate.
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Loans made in the federal funds market:
a. are highly collateralized.
b. are made by the Federal Reserve System to the bank within 24 hours.
c. are unsecured loans.
d. are insured by the FDIC.
Answers
Loans made in the federal funds market are are unsecured loans. The correct option is C.
Federal funds, also known as fed funds, are surplus reserves deposited by commercial banks and other financial institutions at regional Federal Reserve banks. These funds can subsequently be lent to other market participants who do not have enough cash on hand to meet their lending and reserve requirements.
The federal funds market is made up of domestic unsecured borrowings in US dollars made by depository institutions from other depository institutions and certain other entities, mostly government-sponsored enterprises.
Therefore, the ideal selection is option C.
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does bank accounts last forever?
Answers
Answer:no they don’t
Explanation:
they will become dormant after 24 months