Answer:
They might choose a bank with unfavorable overdraft policies if they do not thoughly read the policies and unaware of the unfavorable polices.
Explanation:
Answer:
Open market operations
Fractional reserve banking
Discount rate
Money multiplier
Federal funds rate
Explanation:
Open market operations is the buying and selling of government securities like treasury note by the Fed.
Fractional reserve banking is a system in which banks keep only a percentage of their deposits on reserve as vault cash and deposits at the Fed.
Discount rate is the interest rate the Fed charges on loans of reserves to banks.
Money multiplier is the maximum change in the money supply due to an initial change in the excess reserves banks hold
Federal funds rate is the interest rate banks charge for overnight loans of reserves to other banks.
Answer:
E. Service entities cannot use ABC for overhead allocation.
Explanation:
ABC costing is limited to use when the cost can be directly traced to a certain activity. All of the Activities are volume driven and overheads would be incurred in small proportion to the overall cost.
Answer:
Chinese money invested in USA:
Explanation:
Some causes of the financial crisis lie in global imbalances, mainly, America's huge current-account deficit and China's huge surplus. -> USA used savings from abroad in order to finance profitable investment. (2) Money flooding: lower interest rates and lifting house prices.
Answer:
<u>income statement</u>
Service revenue
Advertising expense
<u>balance sheet</u>
Notes payable
Common stock
Cash
<u>retained earnings statement.</u>
Nill
Explanation:
The Income Statement records <em>Incomes</em> and <em>Expenses</em>. It is used to calculate the Profit earned during the reporting period.
The Balance sheet records <em>Assets</em>, <em>Liabilities</em> and <em>Owners Equity</em>. The Balance Sheet uses Accounting equation : Assets = Liabilities + Owners Equity.
The Retained Earnings records the <em>Opening and Closing Retained Earnings</em> Balances, <em>Profit for the Year</em> and <em>Dividends Paid</em>. It is used to determine the Balance at the end of the year in Profits attributable to Owners