Furtastic manufactures imitation fur garments. on june 1, 2018, furtastic made a sale to willett’s department store under terms that require willett to pay $240,000 to furtastic on june 30, 2018. in a separate transaction on june 15, 2018, furtastic purchased brand advertising services from willett for $30,000. the fair value of those advertising services is $14,000. furtastic expects that 4% of all sales will prove uncollectible. required: 1. to 3. prepare the journal entries to record the transactions above. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.