<span>Planning teams are most effective when (C) the group finds common ground on which to build consensus for action. In a team there are different people with different points of view. To bring these people together in an attempt to find what they all like or have in common will help to focus the group's purpose on their goal for planning.</span>
Answer:
0.10
Explanation:
The total deposits in last bank of commerce are $100,000
The total deposits set asides as reserves are $10,000
Therefore the required reserve ratio can be calculated as follows
= 10,000/100,000
= 0.10
Hence the required reserve ratio is 0.10
Answer:
The current price of the bond is $840.12
Explanation:
The current price of this bond is the present value which have future value $1,000.
The discounting rate 2.35%;
The investment tenor is 7.5 years.
PV = FV/(1+discounting rate)^tenor =
1000/((1+3.35%)^7.5))= $840.12
Answer:
Underapplied for 3,660
Explanation:
MO 32,550
DLH 2,100
<em><u>rate:</u></em> <em>MO/DLH</em> = 32,550/2,100 = <u>15.5 MO per DLH</u>
<u>Applied MO:</u>
- <u>job 101 : </u> 1,230 hours x 15.5 = 19,065
- <u>job 102: </u> 1,050 hours x 15.5 = 16,275
Total MO 19,065 + 16,275 = 35,340
Actual Overhead 39,000
Underapplied for 3,660
Answer:
a. Cash 7,000 Accounts Receivable 7,000
Explanation:
As for the information provided, the payment is received for a sales made in last month, and thus entry at the time of sales shall be:
Accounts Receivables A/c Dr. $7,000
To Sales $7,000
Therefore, when the amount is collected today it will increase cash by debiting cash for the same amount.
Further, balance of accounts receivables will be decreased by crediting such account.
Therefore, correct option is
a. Cash 7,000 Accounts Receivable 7,000