Wolverine world wide, inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as hush puppies, wolverine, merrell, stride rite, and bates, to a global market. the following transactions occurred during a recent year. dollars are in thousands.

a. issued common stock to investors for $14,084 cash (example).

b. purchased $872,418 of additional inventory on account.

c. borrowed $11,700.

d. sold $1,346,068 of products to customers on account; cost of the products sold was $750,547.

e. paid cash dividends of $21,258.

f. purchased for cash $25,726 in additional property, plant, and equipment.

g. incurred $345,584 in selling expenses, paying three-fourths in cash and owing the rest on account.

h. earned $1,772 interest on investments, receiving 90 percent in cash.

i. incurred $2,990 in interest expense to be paid at the beginning of next year.

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

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.