Suppose you were the manager of a bank with the following balance sheet (ignoring bank capital): assets (in millions) liabilities (in millions) reserves $30 checkable deposits $200 securities $150 time deposits $600 loans $820 borrowings $100 you are required to hold 10 percent of checkable deposits as reserves. if you were faced with unexpected withdrawals of $60 million from time deposits, would you rather a: draw down $10 million excess reserves and borrow $50 million from the fed? b. draw down $10 million excess reserves and sell securities of $20 million? a) option a would be preferred to option b because it shrinks the size of the balance sheet by less. banks would prefer not to reduce the size of their balance sheets as that lowers their profit. b) option b would be preferred to option a because it shrinks the size of the balance sheet by less. banks would prefer not to reduce the size of their balance sheets as that lowers their profit. c) option b would be preferred to option a because borrowing from the fed is never a good idea under any circumstance. d) both options are equally desirable as they are equally costly to the bank.

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."