On july 1, year 1, a company paid $48,000 for 24 months of advance rent on its warehouse. assuming the company has a december year end, what would be the amount of rent expense in year 1 under cash basis versus accrual accounting? a. cash basis = $24,000; accrual = $24,000.b. cash basis = $48,000; accrual = $12,000.c. cash basis = $12,000; accrual = $36,000.d. cash basis = $48,000; accrual = $24,000.

Payday loans could be considered as a. illegal b.subprime lending c. good deal for borrower d. for frequent use

Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u.s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.