Answer:
$100 million ; $10 million
Explanation:
Required reserve ratio (r) = 10%
Worth of bond = $10,000,000
The smallest increase can be thought of as being the $10million generated from open market operation and could be held by the bank as reserve.
To calculate the largest increase in deposit:
Money multiplier * deposit (worth of bond)
Money multiplier = (1 / reserve ratio)
Money multiplier = (1 / 0.1) = 10
Increase in deposit = 10 * $10,000,000 = $100,000,000 ( $100 million)
Answer:
Overhead costs are assigned to production using an overhead application rate, whereas no such "application rate" is used to assign the costs of direct materials and direct labor to production. The reason for this difference in procedures is that:
Overhead is an indirect cost which cannot be traced easily and directly to specific units of product.
Explanation:
Manufacturing overhead costs are not direct costs. They are not generally traceable to units of products. They include such indirect costs as Depreciation Expense, Property Taxes, Indirect Labor, Indirect Materials, etc. No unit of product can be ascribed such costs except as an approximation.
Answer:
b. $965,000
Explanation:
Calculation of Cost of Goods Manufactured
Particulars Amount
Direct material used $265,000
Direct labor $300,000
Factory overhead <u>$400,000</u>
Total manufacturing cost <u>$965,000</u>
Answer:
A. altruistic corporate social responsibility.
Explanation:
The Ronald McDonald Houses organization is focus in a completely different activity than McDonald's Corporation. There is no competitive advantage that could McDonalds benefit from, actually is a non-profit organization who demand hundreds of volunteers around the world to be able to operate.
Is also true that strategical activities are separated one of each other, unlike the strategic corporate social responsablity, which demands strategical unity to operate in order to leverage competitive advantages.
The direct write-off method involves writing off a bad debt expense directly against the corresponding receivable account.
What is direct write-off method?
Bad debts can be accounted for in one of two ways: directly or indirectly. Bad debts are only recorded once it is determined that they cannot be recovered. In other words, when it is established beyond a reasonable doubt that the debt cannot be collected, a business will merely declare the bad debt charge and reduce its accounts receivable.
Due to the fact that the direct write-off method frequently records bad debt in a period other than the period in which the transaction was recorded. As a result, it frequently fails to align costs with income.
Many small businesses employ the direct write-off approach, which doesn't call for audited financial records, to record uncollectible accounts.
To know more about direct write-off method refer:
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