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4 years ago

As a result of strict banking regulations, the united states has:

1 answer:

3 0

D. Many more smaller banks when compared to other industrialized countries.

The strict banking regulations allow multiple smaller banks to enter the competition by preventing larger banks from claiming a full monopoly on the banking and financial services market. These smaller banks can sometimes be exempted from the more strict banking regulations, while larger banks will be required to comply with the regulations because of the assets under management or held within the bank. These regulations allow for more competition in the market.

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The total overhead variance is the difference between actual overhead costs and budgeted overhead costs. True False

disa [49]

The difference between the realized overheads and the estimated overheads is the total overhead cost.

<h3>What are total overhead costs?</h3>

Total overhead costs are identified as the costs related to administration, sales, marketing, and production. Before the total overhead costs are realized, a budget regarding estimated costs is prepared.

The calculation of the total overhead costs is actual overhead costs less the budgeted overhead costs.

Hence, the aforementioned statement regarding total overhead costs holds true.

Learn more about total overhead costs here:

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6 0

2 years ago

If nations such as Germany, Japan, and the United States prohibited international trade in automobiles, a likely effect would be

Musya8 [376]

Answer:

C. the price effect would become a more significant consideration for each firm that makes automobiles.

Explanation:

The situation above is highly related to the topic about "supply" and "demand." If the nations of Germany, Japan and the U.S.A. prohibits the international trade in automobiles, this will result to a surplus of automobile goods within the country. Since these automobiles were meant to be sold abroad, the prohibition will lower its international demand. Such increase in supply will have a significant effect on the price of the automobiles. This is the reason why each firm should have to consider the situation's effect on the price of the automobiles and related goods.

So, this explains the answer.

4 0

4 years ago

During the fourth quarter of 20--, there were seven biweekly paydays on Friday (October 4, 18; November 1, 15, 29; December 13,

horrorfan [7]

Answer:

The missing figures for Worksheets are;

Type of Tax (Form) - 941

This is used by Employers to report the taxes they withheld from Employee .

Amount of Deposit - $1,355.36

The Federal Deposit Liability per pay was $677,68. There was biweekly payments meaning 2 payments were made in the month so this figure must be multiplied by 2.

= 677.78 * 2

= $1,355.36

Tax Period - 4th Quarter (stated in question)

To be deposited on or before - November 15, 2019

This is because when paying monthly, the due date is always on the 15th of the following month.

5 0

3 years ago

An investment will pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $300 at the end of Year 5, and $6

7nadin3 [17]

Answer:

Year Cashflow [email protected]% PV

$ $

1 150 0.8929 134

2 150 0.7972 120

3 150 0.7118 107

4 250 0.6355 159

5 300 0.5674 170 6 600 0.5066 304

994

Explanation:

In this case, we will discount the cashflow for each year at 12% per annum. The discount factor can be obtained by using the formula (1 + r)-n. Then, we will multiply the cashflows by the discount factors in order to obtain the present values. All the present values will be added up.

8 0

4 years ago

The following transactions occurred during 2021 for the Beehive Honey Corporation: Feb. 1 Borrowed $25,000 from a bank and signe

Rom4ik [11]

Answer: Please see answers in explanation column

Explanation:

1.The Journal entries are as follows

1. To record amount borrowed

Date account title Debit Credit

Feb 1 Cash $25,000

Notes payable $25,000

2. To record prepaid insurance

Apr 1 Prepaid insurance $6,200

Cash $6,200

3. To record supplies purchased

July 17 Supplies $4,100

Account payable $4,100

4 To record money lent to customer

Nov 1 Notes receivable $9,900

Cash $9,900

2)Adjusting entry are as follows

1.To record accrued interest

Date account title Debit Credit

Dec 31 Interest expense $2,750

Interest payable $2,750

Calculation

Interest expense = principal x rate x period

$25,000 x 12% x 11/12 = $2,750

2)To record insurance expense

Date account title Debit Credit

Dec 31 Insurance expense $2,325

Prepaid insurance $2,325

Calculation

Insurance expense = amount on insurance x period

$6,200 x 9/24=$2,325

3.To record supplies expense

Dec 31 Supplies expense $2,200

Supplies $2,200

Calculation

Amount purchased - amount remaining on hand

=$4,100 -$1,900=$2,200

4. To record interest received from customer

Dec 31 Interest receivable $165

Interest revenue $165

Calculation

Interest receivable = principal x rate x period(Nov-DEC )

$9,900 x 10% x 2/12 = $165

7 0

3 years ago

As a result of strict banking​ regulations, the united states​ has:

As a result of strict banking regulations, the united states has: