Answer:
b. Manufacturing Overhead Control.
Explanation:
As we know that, indirect labor cost is a manufacturing overhead which deals with all types of indirect cost like - indirect material, indirect labor, Factory machinery depreciation, rent, and salaries expense to the manufacturing personnel, etc
These are the costs that are not directly connected to the product's production.
So, in the given case, the indirect labor cost is normally recorded to the debit side of the manufacturing overhead control account
A loan in which a parent deposits money with a host-country bank, which then lends the money to a subsidiary located in the host country is known as a back-to-back loan.
<h3>What is a back-to-back loan?</h3>
A back-to-back loan is a deal in which two parent corporations from separate nations borrow equal sums of money in their home currencies and lend it to the local subsidiary of the other.
While businesses could trade money on the currency markets, back-to-back loans can be more practical and provide the necessary currency. However, back-to-back loans have mainly been replaced by currency swaps and other comparable instruments. Nevertheless, these tools support global trade.
Learn more about loans here:
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Because the government is out of money so they decide to take it from others
Answer:
The bank will create excess reserve of $200 billion
Explanation:
The question measures the size of credit expansion associated with the new currency deposit. the computation below shows how excess reserves can be computed.
Money multiplier = 1
/Legal Reserve Ratio = 1/0.2 = 5
Excess Reserve Created = A x (1
/Legal Reserve Ratio)
Where: A = New currency deposit = $40
Legal Reserve Ratio = 0.20
Excess Reserve Created = $40 x (1/0.2) = $40 x 5 = $200 billion
The legal reserve of 5 indicates that for every unit of money reserved by banks, they are able to create 5 units of same.
The money creation capability of the banking system as a whole is depends on the legal reserve ratio. Legal reserve ratio is a fraction of a bank deposit which the law requires them to hold. The bank can only lend the balance after deducting the legal reserve.
Answer:
The number of days, on average, takes the firm to sell its inventory: c. 121.07 days
Explanation:
The number of days takes the firm to sell its inventory indicates how many days on average a company turns its inventory into sales, is calculated by following formula:
Days' sales in inventory = (Inventory/Costs of goods sold) x 365
Al's Sport Store has costs of goods sold of $628,300, inventory of $208,400
Days' sales in inventory = ($208,400/$628,300) x 365 = 121.07 days