For (a), (b) and (c), assume that the reserve requirement is 12%, and banks keep no excess reserves, and the public holds no cash: A. If the Fed buys $100 worth of bonds from Joe using a check. Joe deposits the check into Bank of America, what will the T-accounts of the Fed, Joe, and Bank of America look like?
B. After what happened in (a), how much excess reserve does Bank of America have? If Bank of America gets rid of all the excess reserves by buying securities from Amy using a check, and Amy deposits the check into Chase, what will the T-accounts of Bank of America, Amy and Chase look like?
C. Suppose the process described in (b) goes on and on in the banking system, will money supply in the economy increase or decrease? If so, by how much?
D. Now suppose that we restart the scenario from (a) to (c) , but now banks start to keep positive amount of excess reserves, will the total money supply

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."

Hilary works at klothes kloset. she quickly the customers, and her cash drawer is always correct at the end of her shift. however, she never tries to "upsell" the customers (for example, by asking if they would like to purchase earrings to go with the shirt they chose or by suggesting a purse that matches the shoes they are buying). give hilary some constructive feedback on her performance.