Answer:
Bank can safely expand its loan until it has zero excess reserves i.e. up to a maximum of $5000.
Answer:
1. C
2. A
3. B
4. D
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
The various types of cost variance components and their definition includes the following;
1. Actual price: the amount paid to acquire input.
2. Actual quantity: the input used to manufacture the quantity of output.
3. Standard quantity: the expected input for the quantity of output.
4. Standard price: the expected price.
Answer:
the cash balance at the end of the period is $3,551
Explanation:
The computation of the cash balance at the end of the period is shown below:
= Cash Balance at beginning of the period + received from receivables - paid to suppliers- cash expenses
= $4,716 + $1,517 - $2,182 - $500
= $3,551
Hence, the cash balance at the end of the period is $3,551
The above formula should be used for the same
Answer: Zero
Explanation: As per the subject matter of cost accounting and economics. Variable cost can be defined as the cost which changes its level with the level of output produced unlike fixed cost which remain constant at all levels.
Electricity bill, raw materials and packaging are some common examples of variable cost.
So from the above explanation we can conclude that if Bev produce no bags there variable cost would be zero.
A cash payment received from a customer for a product purchased on account would be recorded as DEBIT TO CASH AND CREDIT TO ACCOUNT RECEIVABLE. Cash is debited because cash has been received by the company and it has to be debited to the asset account of cash. The account receivable is credited to record the fact that money has been received.
