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2 years ago

Bank loans from the Federal Reserve are called and represent a of funds for the bank.

Business

1 answer:

marishachu [46]2 years ago

7 0

Answer:

B) discount loans; source

Explanation:

The central bank has a role in acting as the lender of last resort. Commercials banks and other institutions will turn to the Fed if they cannot borrow funds from any other sources. The central bank, through the Fed, uses the discount window facility to lend to commercial banks.

The loans that the fed advances to commercial banks are called the discount loans. Discounts loans are short term in nature and are used to meet liquidity shortfalls. The interest rate that the Fed charge for discount window loans is the discount rate. Banks prefer to borrow from other banks because it is cheaper. If a bank cannot get funds from other banks, the discount loans serve a source of funds to the bank.

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On February 1, 2020, Pat Weaver Inc. (PWI) issued 10%, $1,000,000 bonds for $1,116,000. PWI retired all of these bonds on Januar

marta [7]

72,800 gain should be recognised on this bond retirement

Solution:

Bond redemption applies to repurchases of newly sold debt by creditors. If the bonds have been issued, the borrower excludes the debt due in its accounts at the expected maturity of those instruments.

Paid at redemption : $1,000,000 * 102 = 1,020,000

Book value: $1,000,000 + $92,800 = 1,092,800

----------------------

Gain on bond retirement = 72,800

4 0

3 years ago

The net income reported on the income statement for the current year was $240,000. Depreciation was $52,000. Accounts receivable

Tpy6a [65]

Answer:

$325,500

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $240,000

Adjustment made:

Add : Depreciation expense $52,000

Add: Decrease in accounts receivable $5,000

Add: Decrease in inventory $15,000

Add: Increase in accounts payable $14,000

Less: Increase in prepaid expenses -$500

Total of Adjustments $85,500

Net Cash flow from Operating activities $325,500

This is the answer and the same is not provided in the given options

4 0

3 years ago

Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses

Airida [17]

Answer:

Explanation:

Hi, I have attached the full question as images below

Total Product Cost = ($70,000 + $35,500 + $43,700) ÷ 1,000 = $149.20

Total Period Cost = $30,600 + $29,300 = $59,900

Total Direct Manufacturing Cost = $70,000 + $35,500 + $15,400 = $120,900

Total Indirect Manufacturing Cost = $28,300

Total Manufacturing Cost = $70,000 + $35,500 + $43,700 = $149,200

Total Non Manufacturing Cost = $30,600 + $29,300 = $59,900

Total Conversion Cost = $35,500 + $43,700 = $79,200

Total Prime Cost = $70,000 + $35,500 = $105,500

Total Variable Manufacturing Cost = $70,000 + $35,500 + $15,400 = $120,000

Total Fixed Costs = $25,200 + $18,400 + $28,300 = $71,900

Variable Cost per unit = ($70,000 + $35,500 + $15,400 + $12,200 + $4,100) ÷ 1000 = $137.20

Incremental manufacturing cost = ($70,000 + $35,500 + $15,400) ÷ 1,000 = $120.90

5 0

3 years ago

When was the Fair Labor Standards Act (FLSA) established?

Snezhnost [94]

Answer:

The Fair Labor Standards Act was established in 1938.

6 0

3 years ago

In what way does the kettle falls five case illustrate a weakness of a federal system? choose the best answer.

almond37 [142]

The kettle falls five case illustrate a weakness of a federal system in such a way that f<span>ederalism limits political power and that it depends on compliance of state.</span>
<span>The federal system also aggravates the efficiency in awareness of Policies and its implementation. The kettle falls five case was very surprising.</span>

6 0

2 years ago

Bank loans from the Federal Reserve are called ________ and represent a ________ of funds for the bank.

Bank loans from the Federal Reserve are called and represent a of funds for the bank.