Banks pay interest to customers through a

savings account.
credit card account.
mortgage account.
401k account.

Answers

Answer 1

Answer:

mortgage account

For me:

I like that among us account perfect

Answer 2

Banks pay interest to customers through a savings account. A savings account is a deposit account with a bank or another financial organization that pays interest. The correct option is A.

How banks pay interest on savings accounts?

By using the money that depositors have left behind to lend to other customers, a bank effectively borrows money from them. As a result, the bank pays interest to depositors on their savings account balances while concurrently charging loan clients an interest rate that is higher than that which was paid to depositors.

Customers can deposit money into a savings account, a type of account offered by banks, and get interest. It provides a low-risk way to save money and receive some interest, but the interest rate is often smaller than other sorts of investments.

Thus, the ideal selection is option A.

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Related Questions

the process of deciding what should be done, how and when it should be done and who should do it is known as

Answers

Answer:

Planning.

Explanation:

Management involves the control, planning and organization of the affairs of a business firm.

Basically, the management of an organization is saddled with the responsibility of planning, organizing, controlling and staffing within the organization.

The four (4) main management activities are;

I. Organizing

II. Controlling

III. Motivating.

IV. Planning.

Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

This ultimately implies that, planning is a strategic process which typically involves deciding what should be done, how and when it should be done and who should do it.

Select the correct answer.
Why does an organization prepare a Balance Sheet?
A.
to reveal what the organization owns and owes at a point in time
B.
to reveal how well the company utilizes its cash
C.
to calculate retained earnings for a given accounting period
D.
to calculate gross profit for a given accounting period

Answers

Answer:

d

Explanation:

to calculate gross profit for a given accounting period

Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the repurchase of stock on June 30?A. Debit Common Stock $2,300; credit Cash $2,300.
B. Debit Common Stock $20; debit Treasury Stock $2,290; credit Cash $2,300.
C. Debit Common Stock $2,300; credit Treasury Stock $2,000; credit Paid-In Capital, Treasury Stock $300.
D. Debit Cash $2,300; credit Paid-in Capital, Treasury Stock $300; credit Treasury Stock $2,000.
E. Debit Cash $2,300; credit Treasury Stock $2,300.

Answers

Answer:

When shares are repurchased, they are recorded at the cost price in the books which means that they will be recorded at:

= 100 * 40

= $4,000

Cash will then be credited because assets are credited when they reduce.

Treasury stock will be debited to show that Equity is reducing.

Date                       Account Title                                 Debit                  Credit

June, 30                Treasury Stock                            $4,000

                               Cash                                                                       $4,000

Create the following budgets for each quarter in the year with the data provided below. Each budget will show results for each quarter and a total for the year.

1. Sales budget
2. Cash collections budget
3. Cash budget Data

a. The budgeted unit sales are 500 units, 700 units, 800 units, and 1,000 units for quarters 1-4, respectively. The budgeted selling price for the year is $50 per unit.
b. All sales are on credit. 50% percent of all credit sales are collected in the quarter of the sale, 35% are collected in the next quarter, and the remainder is collected in the quarter after. The following data is provided to complete the cash collections budget:

1. Q1 cash collection from prior year Q4 sales: $9,000
2. Q1 cash collection from prior year Q3 sales: $2,000
3. Q2 cash collection from prior year Q4 sales: $1,000

c. The company plans to maintain a minimum cash balance at the end of each quarter of $60,000. If the cash balance is below $60,000, the company will borrow money from the bank to arrive at a $60,000 balance. All borrowings take place on the first day of the quarter and have a 12-month maturity, an interest rate of 2.5% per quarter, and interest paid quarterly. The following data is provided to complete the cash budget:

1. Beginning cash balance: $70,000
2. Q1 cash disbursement: $26,000
3. Q2 cash disbursement: $41,250
4. Q3 cash disbursement: $34.000
5. Q4 cash disbursement: $38.000

Answers

Answer:

1. Sales Budget:

                                 Quarter 1  Quarter 2  Quarter 3  Quarter 4    Total

Budgeted unit sales      500             700           800            1,000        3,000

Sales revenue       $25,000      $35,000   $40,000      $50,000  $150,000

2. Cash collections budget:

                               Quarter 1  Quarter 2  Quarter 3  Quarter 4      Total

50% sales quarter $12,500       $17,500   $20,000      $25,000   $75,000

35% next quarter      9,000           8,750      12,250         14,000      44,000

15% quarter after      2,000           1,000        3,750          5,250       12,000

Total collections   $23,500     $27,250   $36,000      $44,250   $131,000

3. Cash budget data:

                                 Quarter 1  Quarter 2  Quarter 3  Quarter 4    Total

Beginning balance    $70,000  $67,500    $60,325     $62,150    $70,000

Total collections       $23,500   $27,250    $36,000    $44,250   $131,000

Bank borrowing                    0       7,000                0                 0        7,000

Total cash available $93,500  $101,750    $96,325   $106,400 $208,000

Cash disbursement $26,000    $41,250     $34,000     $38,000  $139,250

Interest expense                  0           175             175            175           525

Ending balance        $67,500  $60,325     $62,150   $68,225   $68,225

Minimum cash           60,000    60,000       60,000     60,000     60,000

Excess (Deficit)          $7,500       $325        $2,150      $8,225     $8,225

Explanation:

a) Data and Calculations:

Budgeted selling price per unit = $50

                                 Quarter 1  Quarter 2  Quarter 3  Quarter 4    Total

Budgeted unit sales      500             700           800            1,000        3,000

Sales revenue       $25,000      $35,000   $40,000      $50,000  $150,000

Cash collections:

50% sales quarter $12,500       $17,500   $20,000      $25,000   $75,000

35% next quarter      9,000           8,750      12,250         14,000      44,000

15% quarter after      2,000           1,000        3,750          5,250       12,000

Total collections   $23,500     $27,250   $36,000      $44,250   $131,000

Minimum cash balance at the end of each quarter = $60,000

Interest rate for borrowing to reach minimum cash requirement = 2.5% per quarter

1. Beginning cash balance: $70,000

2. Q1 cash disbursement: $26,000

3. Q2 cash disbursement: $41,250

4. Q3 cash disbursement: $34.000

5. Q4 cash disbursement: $38.000

Fiscal policy proponents see fiscal as a superior strategy for market corrections.
a. True
b. False

Answers

Answer: True

Explanation:

Fiscal policy refers to the government suing taxation and spending policies to influence the economy of a country. If the government wants to improve production, they reduce taxes and increase spending and if they want to reduce production, they increase taxes and reduce spending.

Fiscal policy proponents believe that the government is right to use fiscal policy to correct the market because its effect is more direct. John Maynard Keynes was one of the most famous proponent for Fiscal policy.

Suppose Siam Traders has the following results related to cash flows for 2020:

Net Income of $7,200,000
Increase in Accounts Payable of $600,000
Increase in Accounts Receivable of $100,000
Decrease in Debt of $700,000
Depreciation Expenses of $2,000,000
Dividends Paid of $500,000
Decrease in Inventory of $1,000,000
Purchases of Property, Plant, & Equipment of $8,300,000
Other Adjustments from Financing Activities of -$100,000
Other Adjustments from Investing Activities of $400,000
Other Adjustments from Operating Activities of -$200,000

Requried:
Create a statement of cash flows with amounts in thousands.

Answers

Answer:

Siam Traders

Siam Traders

Statement of Cash Flows (in thousands)

Operating Activities:

Net Income                                                                $7,200

Non-cash adjustment:

Depreciation Expenses                                            $2,000

Increase in Accounts Receivable                               ($100)    

Decrease in Inventory                                              $1,000

Increase in Accounts Payable                                    $600  

Other Adjustments from Operating Activities         ($200)

Net cash from operating activities                        $10,500

Investing Activities:

Purchases of Property, Plant, & Equipment         ($8,300)  

Other Adjustments from Investing Activities           $400

Net cash from investing activities                        ($7,900)

Financing Activities:

Decrease in Debt                                                     ($700)  

Dividends Paid                                                         ($500)  

Other Adjustments from Financing Activities of    ($100)

Net cash from financing activities                        ($1,300)

Net cash flows                                                        $1,300

Explanation:

a) Data and Calculations:

Net Income of $7,200,000

Increase in Accounts Payable of $600,000

Increase in Accounts Receivable of $100,000

Decrease in Debt of $700,000

Depreciation Expenses of $2,000,000

Dividends Paid of $500,000

Decrease in Inventory of $1,000,000

Purchases of Property, Plant, & Equipment of $8,300,000

Other Adjustments from Financing Activities of -$100,000

Other Adjustments from Investing Activities of $400,000

Other Adjustments from Operating Activities of -$200,000

Operating Activities:

Net Income of $7,200,000

Depreciation Expenses of $2,000,000

Increase in Accounts Receivable of $100,000    

Decrease in Inventory of $1,000,000

Increase in Accounts Payable of $600,000  

Other Adjustments from Operating Activities of -$200,000

Investing Activities:

Purchases of Property, Plant, & Equipment of $8,300,000  

Other Adjustments from Investing Activities of $400,000

Financing Activities:

Decrease in Debt of $700,000  

Dividends Paid of $500,000  

Other Adjustments from Financing Activities of -$100,000

Travis and Andrea were divorced in 2017. Their only marital property consisted of a personal residence (fair market value of $400,000, cost of $200,000), and publicly traded stocks (fair market value of $800,000, cost basis of $500,000). Under the terms of the divorce agreement, Andrea received the personal residence and Travis received the stocks. In addition, Andrea was to receive $50,000 for eight years. I. If the $50,000 annual payments are to be made to Andrea or her estate (if she dies before the end of the eight years), the payments will qualify as alimony. II. Andrea has a taxable gain from an exchange of her one-half interest in the stocks for Travis' one-half interest in the house and cash. III. If Travis sells the stocks for $900,000, he must recognize a $400,000 gain. a.I, II, and III are true. b.Only III is true. c.Only I and II are true. d.Only I and III are true.

Answers

Answer: B. b.Only III is true.

Explanation:

It should be noted that in order to qualify as an alimony, then the cash payments have to stop when the payer dies.

It should be noted that the $50,000 annual payments that are to be made to Andrea or her estate if she dies before the end of the eight years doesn't qualify as alimony.

Therefore, the correct option will be that If Travis sells the stocks for $900,000, he must recognize a $400,000 gain.

Therefore, only III is correct.

The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,090,000. What will the book value of this purchase (exclude all other plant and equipment) be after its third year of use

Answers

Answer:

$38,448,000

Explanation:

Calculation to determine What will the book value of this purchase

First step

Depreciation = (cost - salvage)/useful life

Depreciation= (40,900,000 - 4,090,000 )/15

Depreciation=36810000/15

Depreciation=2454000

Now let determine the

Book value=Cost -Depreciation

Book value=$40,900,000-$2,454,000

Book value=$38,448,000

Therefore the book value of this purchase is$38,448,000

Offshoring means outsourcing to an international or foreign firm. Group of answer choices True False

Answers

Answer:

true

Explanation:

i believe forgive me if wrong

Answer:

True

Explanation:

Offshoring means getting work done in a different country

The Federal Reserve's tool for changing the money supply is the__________ (open market operation or reserve requirement or discont rate) In order to decrease the number of dollars in the U.S. economy the money supply, the Federal Reserve will_________( buy or sell) government bonds.

Answers

Answer:

Open market operations; sell

Explanation:

Open market operations; sell

Central bank (Federal bank) use the open market operation that encompasses the increase and decrease of reserve requirement, discount rate, etc. It also includes the selling of government bonds when Fed wants to decrease the money supply in the economy and it buys back when it wants to increase the money supply in the economy.

Davidson Company has 10,000,000 common shares issued and 400,000 shares of treasury stock. The stock's par value is $2 per share and its current market price is $15 per share. Which of the following is correct when a 15% stock dividend is declared and distributed??

a. Retained earnings will decrease by $4.000 million
b. Retained earnings will decrease only by $3.796 million
c. Retained earnings will decrease by $49.348 million.
d. Retained earnings will decrease by $52.000 million.

Answers

Answer: See explanation

Explanation:

Based on the information given in the question, the increase or decrease in the retained earnings will be calculated as:

= (10,000,000 - 400,000) × 15% × $15

= 9,600,000 × 0.15 × 15

= 21,600,000

The retained earnings will decrease by $21.6 million

The options given aren't correct.

On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $4,500, terms 4/10, n/30. On June 20, SH returns to Oakley inventory that SH had purchased for $1,000. On June 24, SH completely fulfills its obligation to Oakley by making a cash payment. What is the amount of cash paid by SH to Oakley

Answers

Answer: $3360

Explanation:

Based on the information given in the question, the amount of cash paid by SH to Oakley will be calculated as thus:

SH will be entitled to a discount of 4% since the payment was made within the discount period, therefore, the discount that is applicable will be:

= $4500 - $1000

= $3,500

Therefore, the amount of cash payment that is made by SH to Oakley will be:

= $3,500 - (4% × $3,500)

= $3500 - (0.04 × $3500)

= $3500 - $140

= $3360

Therefore, the amount of cash paid by SH to Oakley is $3360.

A trial balance is a(n) (list/balance/chart)
of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of
account balances. Use one word for each blank.

Answers

Answer:

- List; credit

"A trial balance is a(n) list  of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of  credit account balances."

Explanation:

'Trial Balance' is described as the 'statement of the balances of all nominal accounts in a double-entry ledger.' It is primarily made with the aim to examine the equality in the debit, as well as, credit balances. As per the accounting rules, the total value of the debits must be equal to the total of credit values. Any difference or discrepancy in the balance signals that an error has been made in the calculation or making the entries and certain transactions are missed out. Thus, the correct words would be 'list and credit.'

Suppose that in an​ economy, investment is​ $160 billion, saving is​ $140 billion, government expenditure on goods and services is​ $150 billion, exports are​ $200 billion, and imports are​ $250 billion. What is the amount of tax revenue and the government budget​ balance?

Answers

Answer:

Tax revenue is 120 billion dollars

The government budget balance is -30 billion dollars

The tax revenue for the given situation will be $120 billion; and the government budget balance will be -$30 billion in an economy.

What is a tax revenue?

The amount of total revenue generated by an organization or the government in the form of taxes is known as a total tax revenue for such government.

For the given condition, the tax revenue will be computed as,

[tex]\rm Tax\ Revenue\ = (Investments\ - Savings)\ - Expenditure\ + Imports\\\\\rm Tax\ Revenue\ = (160-140)-150+250\\\\\rm Tax\ Revenue\ = \$120[/tex]

Furthermore, the budget balance of the government will show a deficit of $30 billion, as the expenditure and imports of the government are lesser than the exports and revenues.

Hence, the tax revenue is aforementioned.

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In which of the following cases is the Coase theorem most likely to solve the externality?
a. Ed is allergic to his roommate's cat.
b. Polluted water runoff from farms is making residents of a nearby town sick.
c. Chemicals from manufacturing plants in the Midwest are causing acid rain in Canada.
d. Industrialization around the world is causing global warming.

Answers

Answer:

a. Ed is allergic to his roommate's cat.

Explanation:

In the case of coase theorem the economic conditions in which there is a conflict of proerty rights and the parties that are involved could bargain or negotiate the terms so this will correctly to be shown the complete cost also the values related to the property rights at issue that could result in the effecient outcome or result

So as per the given situation, the option a is correct

Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units), March 1 18,500 Desired inventory (units), March 31 20,000 Expected sales volume (units): Territory M 6,800 Territory L 8,300 Territory L 7,300 Unit sales price $15 The number of units expected to be manufactured in March is

Answers

Answer:

Robin Co.

The number of units expected to be manufactured in March is:

= 23,900 units.

Explanation:

a) Data and Calculations:

Estimated inventory (units), March 1 = 18,500

Desired inventory (units), March 31 = 20,000

Expected sales volume (units): Territory M 6,800 Territory N 8,300 Territory L 7,300

Unit sales price = $15

Total expected sales volume (units) = 22,400

Production estimation:

Total expected sales units =               22,400

Desired inventory (units), March 31   20,000

Units available for sale =                    42,400

Estimated inventory (units), March 1  18,500

Units expected to be manufactured 23,900

Molly sells bracelets to Jean's Place, a boutique store. Molly is scheduled to deliver 100 bracelets on July 1. On June 15, Jean, the owner of Jean's Place calls Molly and says "I might not be able to pay for your bracelets." Molly does not deliver the bracelets on July 1. Jean can probably recover from Molly for breach of contract. Group of answer choices True False

Answers

Answer: False

Explanation:

The contract is such that Molly agreed to bring bracelets if Jean would pay for said bracelets.

The terms of the contract therefore are that Jean would pay and Molly would deliver. Jean then calls Molly and says that they will be unable to pay which means that they are not going to be able to hold up their responsibilities in the contract.

Molly has the right to then cancel the contract because the other party will not be able to perform their obligations and face no repercussion for it.

Item 2 On July 1 of the current calendar year, Plum Co. paid $8,000 cash for management services to be performed over a two-year period beginning July 1. Plum follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Plum would include:

Answers

Answer:

- July 1st -  December 31st (6 months)

- Here, $8,000 is paid for 2 years (24 months)

So, expenses for 6 month = $8,000 * 6/24 = $2,000

Date  Journal Entry                   Debit    Credit

          Expense                         $2,000

                 Prepaid expense                   $2,000

          (To record the expense)

Hilda owes a significant amount of debt to a doctor's office, and they hired a collection agency to take up those claims. The collection agency calls frequently, sometimes as late as 1 a.m. or 2 a.m. on weekdays. In this case, the collection agency ____________________.

Answers

Answer: c. is violating the Fair Debt Collection Practices Act.

Explanation:

A person being in debt does not mean that they will lose their rights. They are still citizens and certain rights will be protected and these are shown in the Fair Debt Collection Practices Act.

One of the requirements of this Act is that debt collectors do not call between the hours 9pm and 8am as these hours are unreasonable to disturb people at. In calling Hilda at 1 am or 2 am therefore, this collection agency is in violation of the Act and can be sanctioned.

The following information is available for Carter Corporation: Materials inventory decreased $4,000. Materials inventory on December 31 was 50% of materials inventory on January 1. Beginning work in process inventory was $145,000. Ending finished goods inventory was $65,000. Purchases of direct materials were $154,700. Direct materials used were 2.5 times the cost of direct labor. Total manufacturing costs incurred were $246,400, which is 80% of cost of goods manufactured and $156,000 less than cost of goods sold. Note to students: The answers are not necessarily calculated in alphabetical order. a. Compute finished goods inventory on January 1.

Answers

Answer: $159,400

Explanation:

Finished goods inventory on January 1 is:

= Cost of goods sold + Ending finished goods inventory - Cost of goods manufactured

Cost of goods sold = Manufacturing cost + 156,000

= 246,400 + 156,000

= $402,400

Cost of goods manufactured = Manufacturing costs / 80%

= 246,400 / 80%

= $308,000

Finished goods inventory = 402,400 + 65,000 - 308,000

= $159,400

Based on the information given the finished goods inventory on January 1 is $159,400.

Cost of goods sold = 246,400 + $156,000

Cost of goods sold= $402,400

Cost of goods manufactured = 246,400 /.80

Cost of goods manufactured = $308,000

Finished goods inventory=Cost of goods sold+ Ending finished goods inventory-Cost of goods manufactured  

Finished goods inventory =$402,400 + $65,000 - $308,000

Finished goods inventory= $159,400

Inconclusion the finished goods inventory on January 1 is $159,400.

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Discretionary fiscal policy will stabilize the economy most when Group of answer choices deficits are incurred during recessions and surpluses during inflations. deficits are incurred during inflations and surpluses during recessions budget surpluses are continuously incurred. the budget is balanced each year.

Answers

Answer:

deficits are incurred during recessions and surpluses during inflations

Explanation:

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. These policies are carried out in a recession when the government wants to increase total spending

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes . These policies are carried out in periods of inflation when the government wants to reduce money supply in the economy

Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was replaced at a cost of $210,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $790,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $16,500. 4. All of the equipment on the assembly line in the plant was rearranged at a cost of $44,000. The re-arrangement clearly increases the productive capacity of the plant.Required: Prepare journal entries to record each of the above expenditures.

Answers

Answer:

S/N    Journal Entries                                           Debit         Credit

1         Accumulated depreciation-Building      $210,000

                 Cash                                                                     $210,000

2        Building                                                    $790,000

                 Cash                                                                     $790,000

3        Maintenance expense                            $16,500

                 Cash                                                                      $16,500

4        Equipment                                               $44,000

                 Cash                                                                      $44,000

Park Co is considering an investment that requires immediate payment of $28.245 and provides expected cash inflows of 59,300 annually for four years. Assume Park Co requires a 7% return on its investments.

What is the net present value of this investment?

Answers

Answer:

The net present value of this investment is $3,256.06.

Explanation:

Note: There two errors in the figures provided in this question. They are they therefore fixed before answering this question as follows:

Park Co is considering an investment that requires immediate payment of $28,245 and provides expected cash inflows of $9,300 annually for four years. Assume Park Co requires a 7% return on its investments.

What is the net present value of this investment?

The explanation of the answer is now provided as follows:

The present value (PV) of the annual expected cash inflows of $9,300 can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV of the annual expected cash inflows = Annual expected cash inflows * ((1 - (1 / (1 + rate of returns))^number of years) / rate of returns) = $9,300 * ((1 - (1 / (1 + 0.07))^4) / 0.07) = $31,501.06

Net present value = PV of the annual expected cash inflows – Required immediate payment for the investment = $31,501.06 - $28,245 = $3,256.06

Therefore, the net present value of this investment is $3,256.06.

Determine if the research is deductive or inductive: - If because of analysis of data collected, one infers that the problem of turnover can be minimized by three important factors: (i) flexible work hours; (ii) recognition of superior performance of workers through suitable merit pay raises; and (iii) enriching certain types of jobs. If a manager observes that people residing at distances beyond 50 miles from the workplace remain absent more frequently than those he knows to reside close by, and infers thereby that distance is a factor in absenteeism. Fares spent some time reviewing the literature on child behavior and focused particularly on theoretical explanations for gender differences he might expect to find in his upcoming study of children.

Answers

Answer:

1. Deductive

2. Inductive

3. Deductive

Explanation:

Deductive research is a form of reasoning that stems from existing theories that can be tested. Data is collected to test a theory and the results are analyzed. The first and third scenarios are deductive research works because there are existing theories or data that can be worked on. In the first instance, data on issues of turnover already exist. In the third scenario, there were theories to explain gender differences.

Inductive research proposes a theory after observation. This is applicable in the second instance where the manager proposes the theory that relates distance to absenteeism after close observation.

A truck that cost $72,000 and on which $60,000 of accumulated depreciation has been recorded was disposed of for $18,000 cash. The entry to record this event would include a

Answers

Answer:

Gain of $6,000.

Explanation:

Calculation to determine what The entry to record this event would include

Using this formula

Gain=(Accumulated depreciation+Cash)-Cost

Let plug in the formula

Gain=($60,000+$18,000)-$72,000

Gain=$78,000-$72,000

Gain=$6,000

Therefore The entry to record this event would include a gain of $6,000

Price of beni’s house increased from 100,000 to 200,000 in the last decade. Cost of living quadrupled ( increased 4 times as much). What can you say about Beni’s house?

Answers

Answer:

Answer to type following question is as follows;

Explanation:

Real value = Nominal value / Inflation

Beni's house has gone up in value from 100,000 to 200,000 dollars in the previous ten years. The cost of living has quadrupled (raised fourfold). The home is now less expensive because, if it had appreciated at the same pace as all other products and services, it would have been four times more expensive ($400,000), but rather it is $200,000.

what is the meaning of Neccesity​

Answers

Answer:h

Explanation:

the fact of being required or indispensable.

"the necessity of providing parental guidance should be apparent"

ur mom i neee to kow id yo momma a milf

Jamar Co. sold its headquarters building at a gain, and simultaneously leased back the building. The lease was reported as a finance lease. At the time of the sale, the gain should be reported as

Answers

Answer:

a deferred gain

Explanation:

Deferred gain occurs when the recipient of the proceeds or profits from a transaction do not collect it all upfront. Some of the gain is not collected now but deferred to some future time.

It is referred to as unrealised revenue and is represented on the balance sheet as a liability.

In the given scenario Jamar Co. sold its headquarters building at a gain, and simultaneously leased back the building. This means not all the gains from the sale are received now.

So this is a deferred gain.

epartments have estimated annual factory overhead costs of $256,000 and $480,000, respectively. The Fabrication Dept. expects 25,000 machine hours this year. The Assembly Dept. expects $592,000 DL cost this year. Calculate the factory overhead cost that will be charged to each unit of the two products using multiple production dept. factory overhead rates (round to nearest $0.00).

Answers

Answer:

Factory overhead cost charged to each unit:

                                                     Fabrication     Assembly

Factory overhead rates                  $10.24             $0.81

Machine hours per unit                   5

Direct labor cost per unit                                       $118.40

Factory overhead cost per unit   $51.20             $95.90

Explanation:

a) Data and Calculations:

                                         Fabrication            Assembly

Annual overhead costs  $256,000              $480,000

Expected machine hours   25,000                             0

Expected direct labor costs         0               $592,000

Overhead rates                $10.24                  $0.81

                         ($256,000/25,000)             ($480,000/$592,000)

Assuming number of units produced = 5,000

Each unit will consume   5 (25,000/5,000)   $118.40 ($592,000/5,000)

                                    machine hours           direct labor cost

Overhead cost per unit = $51.20                  $95.90

                                     ($10.24 * 5)               ($118.40 * $0.81)

Neubart Company owns 100% of the outstanding shares of two European subsidiaries, which operate largely independently and operate in a different industry than Neubart. The subsidiaries' earnings typically are reinvested in their home country. In consolidating the subsidiaries financial statements with those of the U.S. parent, the subsidiaries' financial statement numbers should be:________ a) remeasured using the current rate method. b) remeasured using the temporal method. c) translated using the current rate method. d) translated using the temporal method.

Answers

Answer: c) translated using the current rate method.

Explanation:

It should be noted that the translation method is utilized when the financial statements of a subsidiary unit are being expressed in the functional currency of the parent company.

Following the question given above, in consolidating the subsidiaries financial statements with those of the U.S. parent, the subsidiaries' financial statement numbers should be translated using the current rate method.

Therefore, the correct option is C.

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