The mazzanti wholesale food company's fiscal year-end is june 30. the company issues quarterly financial statements requiring the company to prepare adjusting entries at the end of each quarter. assume all quarterly adjusting entries were properly recorded. 1. on december 1, 2020, the company paid its annual fire insurance premium of $7,600 for the year beginning december 1 and debited prepaid insurance.2. on august 31, 2020, the company borrowed $122,500 from a local bank. the note requires principal and interest at 8% to be paid on august 31, 2021. 3. mazzanti owns a warehouse that it rents to another company. on january 1, 2021, mazzanti collected $27,200 representing rent for the 2021 calendar year and credited deferred rent revenue. 4. depreciation on the office building is $19,800 for the fiscal year. 5.employee salaries for the month of june 2021 $20,000 will be paid on july 20, 2021.

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b.compensating differentials c. monopoly wages d. wages based on human capital development of each employee