What Jacob will have is a lose ended lease. It is because
the close ended lease has been provided to him because he needs to surrender or
to turn in his car, specifically the SUV, which is at the end of the term of
the lease.
Answer:
a) The federal funds rate has a higher interest rate than the discount rate to encourage borrowing
Explanation:
The Feds fund rate is the rate at which banks borrow from each other usually overnight, while the discount rate is the interest rate charged by the Fed to commercial banks for borrowing directly from the Fed.
These borrowings help the commercial banks meet up their liquidity requirements.
The discount rate is higher than the Fed funds rate. This is to encourage banks to borrow from each other instead of borrowing directly from the Federal Reserve.
The Fed fund rate also tends to affect the prime lending rate (rate at which banks lend money to their clients).
So the statement - The federal funds rate has a higher interest rate than the discount rate to encourage borrowing. Is not correct
Answer:
1. $3.18 and $2.55
2. expected annual activity
Explanation:
The computation of the predetermine overhead rate is shown below:
1. For Expected actual activity, it is
= (Overhead for the coming year) ÷ (completed jobs × direct labor hours)
= ($15,600) ÷ (140 jobs × 35 direct labor hours)
= $3.18
And, for Theoretical activity, it is
= (Overhead for the coming year) ÷ (completed jobs × direct labor hours)
= ($15,600) ÷ (175 jobs × 35 direct labor hours)
= $2.55
2. Based on the predetermined overhead rate, the expected actual activity has highest predetermined overhead rate as compared to the theoretical activity
So the Reggie should use the same
Answer:
managing
Explanation:
According to my research on different employee roles and responsibilities, I can say that based on the information provided within the question Omar is most likely managing. This can be said since managing is the act of controlling employees and making sure everything is working correctly as well as goals being met by planning, organizing, and leading. Therefore Omar is most likely a manager.
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