Suppose the reserve requirement is 10%. a. If the Federal Reserve decreases the reserve requirement, banks can lend out: multiple choice 1 more reserves, thus decreasing the money multiplier and decreasing the money supply. fewer reserves, thus increasing the money multiplier and increasing the money supply. more reserves, thus increasing the money multiplier and increasing the money supply. fewer reserves, thus decreasing the money multiplier and decreasing the money supply. b. The Federal Reserve: multiple choice 2 rarely changes the reserve requirement and does not use the reserve requirement as a major monetary policy tool. does not have the ability to change the reserve requirement since banks determine the amount of reserves to lend. changes the reserve requirement frequently in order to make adjustments to the money supply. needs permission from the president before making changes to the reserve requirement.

New team of management has taken over. as a result, organizational changes from a country-club style leadership where everyone does whatever they want has changed to a more mechanistic, structured, top-down management style. what ethical issues should the employees consider and how should they go about addressing these?

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.