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2 years ago

This is the interest rate at which commercial banks earned from keeping their excess reserves at the Federal Reserve.

Business

1 answer:

Naya [18.7K]2 years ago

8 0

The interest rate that commercial banks earn from keeping excess reserves at the Fed is A. IORB.

The full term is, "Interest on Reserve Balances (IORB)" and it is a rate that is paid by the Fed to banks.

This rate is based on the amount of excess reserves that the bank keeps at the Fed to help with its monetary policy.

Find out more on the Interest on Reserve Balances at brainly.com/question/27962333.

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A CFO’s responsibility is to manage financial risk, and that covers which other element?

kow [346]

Answer:

b.All the information and data in the company.

Explanation:

A CFO is the Chief financial officer is an organization. He or she is responsible for the company's financial risks, management, and reporting. The CFO evaluates a company's financial opportunities against its threats and manages the lower level finance managers.

Since the CFO is responsible for the organization's finances, he or she supervises the preparation and presentation of financial reports. The CFO guarantees the accuracy of the data reported. He or she ensures that the data used in the preparation of the reports is safely stored within the organization.

5 0

3 years ago

A process is: a. A set of planned steps used to achieve an objective. b. A system of activities that transforms inputs into valu

kondaur [170]

Answer: a. A set of planned steps used to achieve an objective.

Explanation:

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8 0

3 years ago

The projections for a new one-year project show sales of 8,500 units, ± 5 percent; variable costs per unit of $28.62, ± 3 percen

fenix001 [56]

Answer:

Operating cash flow $56,017.10

Explanation:

The computation of the operating cash flow is shown below:

Sales (8,500 × $55) $467,500

Less: Variable cost (8,500 × 28.62) -$243,270

Fixed costs -$170,000

Depreciation -$62,000

Income before tax -$7,770

Less: Tax -1,787.10

Net Income -$5,982.9

Add: Depreciation 62,000

Operating cash flow $56,017.10

4 0

3 years ago

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a

Mashcka [7]

Answer:

Total allocated costs= $63,221.7

Explanation:

<u>First, we need to calculate the allocation rates based on the following formula:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Salaries= 30,000/2,700= $11.11 per number of employees

Depreciation= 20,500/204,000= $0.10 per cost of goods sold dollar

Advertising= 41,500/804,000= $0.052 per net sales dollar

<u>Now, we can allocate costs to Grinding:</u>

<u></u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Salaries= 11.11*1,620= 17,998.2

Depreciation= 0.10*204,000= 20,400

Advertising= 0.052*477,375= 24,823.5

Total allocated costs= $63,221.7

7 0

2 years ago

Pisa, Inc. leased equipment from Tower Company under a four-year lease requiring equal annual payments of $172,076, with the fir

harkovskaia [24]

Answer:

$35,477

Explanation:

We are given:

•Equal Annual repayments = $172,076

• Incremental borrowing rate = 10℅

• Implicit rate = 8℅

Since it is assumed the lease is properly classified as capital lease, to find the amount of interest expense recorded by pisa Inc. in the first year of asset's life, we have:

(Annual repayments) × (PV annuity due of 8%, 4 periods)=

= $172,076 * 3.57710 = $615,533

Therefore, calculating for the interest expense in the first year:

($615,533 - $172,076) × 8℅

= $443,457 × 0.08

= $35,476.56

= $35,477

8 0

2 years ago

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