Jan. 2Owner contributed N50,000 and a new computer costing N20,500 to start the business. Jan. 4Office supplies were purchased on credit for N4,000. Jan. 10 The business obtained 12% 5-year loan of N20,000 from the bank. Jan. 12 Paid the utility bills for N2,750. Jan. 15 Paid the N3,000 in Accounts Payable from the purchase of office supplies on Jan. 4. Jan. 24  Services completed in January were billed to clients Annis’ Flowers at N18,300. Jan. 27  A. K Odeyinka Enterprises received N5,500 from Annies’ Flowers, a client, a payment on account. Jan. 30  Odeyinka withdrew N6,000 of cash for personal use

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.

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance

Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted