Banks become members of the Fed by _______________ in the Federal Reserve Bank in their district.

Fill in the blank(s) with the appropriate word(s).

Answer: purchasing stock

Business

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The following transactions for the month of March have been journalized and posted to the proper accounts

Mar. 1 The business received $7,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $500. Mar 3 Purchased equipment by paying $2,000 cash and executing a note payable for $6,000. Mar. 4 Purchased office supplies for $700 cash. Mar. 5 Billed a client for $12,000 of design services completed. Mar. 6 Received $9,000 on account for the services previously recorded. What is the balance in Accounts Receivable? A) $9,000 B) $3,000 C) $6,000 D) $12,000

Business

The tasks of personnel with similar positions in different departments are kept rather uniform with _____

a. management by objective b. job standardization c. risk-minimization retailing d. rationalized retailing

Business