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Complete the following worksheet for Danilo Enterprises.Danilo EnterprisesWorksheetFor the Year Ended December 31, 2010
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Title
Debit
Credit
Cash
14,500
Accounts Receivable
7,500
Supplies
500
Equipment
20,500
Accumulated Depr-Equip
15,000
Accounts Payable
9,500
Wages Payable
3,060
Tony Danilo, Capital
18,240
Tony Danilo, Drawing
1,000
Fees Earned
34,000
Wages Expense
18,000
Rent Expense
9,300
Depreciation Expense
8,500
Totals
79,800
Net Income (Loss)
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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