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3 years ago

Why might a bank be willing to borrow funds from other banks at a higher rate than the rate at which it can borrow from the fed?

1 answer:

3 0

Because when a bank borrows money from the Fed it has to out toward collateral. Central banks in turn will want extra regulation, depending on the banks rep. As well as banks borrow too frequently from the Fed, resulting in the Fed restricting the ability to borrow in the future.
hope this helps!

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What does the credit balance in the accumulated depreciation account represent?

labwork [276]

The credit balance in the accumulated depreciation account represent: <span> the amount of depreciation taken in past years
In accounting, we must reduce the value every year we held an asset in order to show the true amount of the total asset values. This occurence is called a depreciation. If the amount of depreciation is add-up for several years, this account is called accumulated depreciation
</span>

3 0

3 years ago

The combined American Marketing Association's 2004/2007 definitions of marketing used in the textbook defines marketing as______

Scilla [17]

Answer:

Option B is correct. According to the Combined American Marketing Assiciation 2004, marketing is the activity for creating, communicating, delivering, and exchanging offerings that benefit its customers, the organization, its stakeholders, and society at large.

Explanation:

This defination clearly denies the illegal activities or unethical trading by adding the phrase that it will benefit society at large not to a single entity.

6 0

3 years ago

On the date of purchase, Skywalker's inventory and buildings and equipment had fair values of $255,000 and $870,000, respectivel

Whitepunk [10]

Answer:

Inventory to be shown in balance sheet = $955000

<u>Explanation:</u>

According to the given data:

Fair value of Skywalker’s inventory = $255000

Fair value of Skywalker’s buildings and equipment is = $870000

Calculation of amount to be reported for inventory in consolidated balance sheet is as follows:

Inventory = ($700000 + $255000)

= $955000

Note: Inventory of parent company and subsidiary company is to be added in preparing consolidated balance sheet

7 0

3 years ago

Trendy Coats is looking at financials to prepare end of year reports. Actual hours used were 4,000. Standard hours allowed were

prohojiy [21]

Answer

a) $15

Explanation:

We will use the formula for Total labor variance to arrive at Standard rate.

Total labor variance = (Actual hours × Actual rate) - (Standard hours × Standard rate)

Substituting the data above into the formula, we'll have;

-$23,000 = (4,000 × $13) - (5,000 × SR)

-$23,000 = $52,000 - 5,000SR

Collect like terms

5,000SR = $52,000 + $23,000

5,000SR = $75,000

SR = $75,000 / 5,000

SR = $15

7 0

3 years ago

A post closing trial balance is a list of permanent accounts and their balances afterclosing entries have been journalized and r

Andrew [12]

Answer:

Post closing trail balance

Explanation:

As we know that

In the trial balance, it contains two sections. The one is debit that recorded expenses, and assets whereas another one are credit that recorded liabilities, revenues, and the stockholder equity

The post-closing trial balance is that trial balance that is made after passing the closing entries with respect to revenues, expenditure, dividend, net profit or net income.

The motive of this to balance the debit and the credit section which should be zero. Moreover, it is to be carried forward that would become the starting balance of the next accounting period.

6 0

3 years ago