Answer:
A. tuition revenues of $4,000 and expenditures of $4,000.
Explanation:
If the student is not employed as a graduate assistant required to assist faculty members with research and other activities, we will have one:
a. The student will have to pay $4,000 tuition. This is a revenue to the university.
b. The private university will employ a research assistant and pay him $4,000. This an expenditure to the university.
Therefore, this transactions have to be required as highlighted in a. and b. above to track the actual revenue and expenditure implication of the waiver despite cash does not exchange hands.
Answer:
the required reserves will increase by 1,200 dollars
Explanation:
the required reserve ratio is 20%
for each dollar the bank receive in deposit it can loan up to 80% and must keep 20%
the multiplier will be: 1 / 0.2 = 5
each dollar of deposit will increase the money supply by 5
and each dollar withdraw will decrease money supply by 5
Therefore, for this deposit of 6,000 dollars the bank will kept:
$6,000 x 20% = $1,200
Answer:Share premium account of $24,000
The provider of attorney services of $30,000
Explanation:
On provision of services, the Attorney services expenses account is debited with $54,000 and the attorney services provider account credited with $54,000
Furthermore a share account is opened for the provider and credited with $30,000 , the share premium is credited $24,000 and a debit transfer is made to his liability account initially credited.
The $24,000 credit to share premium represents the difference between the nominal value of the share of $5 and the market value of $9 multiply by the 30,000 shares he was paid with.
Also a memorandum will be issued to state that 6000 share has been transferred from Miller to the attorney services provider and the shares will be delited from his name and entered in the name of the services provider because the credit of shares to his account does not represents new shares issued but it's the transfer of Miller's shares to him.
Answer: decreases
Explanation: The following practice is done by the central bank in the situation of inflation when there is an excess supply of money in the economy.
The central bank tries to decrease the funds by selling the govt bonds to the banks. This results in decrease in funds from banks as they have to buy such bonds from their respective funds.
The correct option is (a) sales; average book value of fixed assets.
The fixed asset turnover ratio is computed as sales divided by average book value of fixed assets.
The fixed asset turnover ratio demonstrates the effectiveness of a company's current fixed assets in driving sales. A greater ratio suggests that management is making better use of its fixed assets. No information can be gleaned from a high FAT ratio about a company's capacity to produce reliable earnings or cash flows.
The ratio of sales to the value of fixed assets is known as fixed-asset turnover. It shows how effectively the company is generating sales by utilizing its fixed assets.
A greater ratio is typically preferred since it suggests that the business is effective at producing sales or revenues from its asset base. A lower ratio suggests that a business is not utilizing its resources effectively and may be experiencing internal issues.
Learn more about fixed asset turnover ratio
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