What is the purpose of the required reserve ratio?

A first step toward understanding organizational markets is recognizing the differences between industrial, reseller, and govern

zaharov [31]

Answer: True

Explanation:

To understand organizational markets, one must first realize that there are three main types of them: Industrial, reseller and government.

Industrial markets enable businesses to transact with each other. They trade raw materials and other goods to each other and process them to finished goods.

The reseller market does not involve any processing but rather firms buying from one and selling to another as middlemen.

The last market is the Government market. Any arm of government that purchases goods and services fall here including at local, state or federal level.

7 0

3 years ago

When a company issue 27,000 shares of $5 per value common stock,the journal entry for this issuance would include:

a_sh-v [17]

Answer:

1. A debit to cash for $135,000

Explanation:

The complete entries are

1. A debit to cash for $135,000

2. A credit to common stock account for $135,000

6 0

3 years ago

The Constitution expressly grants which of the following powers to Congress? a. to receive ambassadors b. to appoint judges c. t

lbvjy [14]

Answer:

d. to regulate interstate commerce

Explanation:

The United States Constitution has the commerce clause in Article 1 Section 8 which allows the Congress to control the commerce with other nations and among the states.

According to this clause, the Congress can regulate the commerce that takes place between states and because of that, the answer is that the Constitution expressly grants the power to regulate interstate commerce to Congress.

3 0

3 years ago

An example of a free rider is a. someone who benefits from clean air without paying for it. b. someone who adds value to a netwo

Anna71 [15]

is a person who benefits from something without expending effort or paying for it.

3 0

3 years ago

Wilturner Company incurs $90,000 of labor related directly to the product in the Assembly Department, $39,000 of labor related t

Marina CMI [18]

Answer:

Wilturner Company

The journal entries to record the labor for the Assembly Department would include:

Debit Work in Process $155,000

Credit Direct labor $90,000

Credit Variable factory overhead $39,000

Credit Fixed factory overhead $26,000

To record the direct and indirect labor costs of the assembly department.

Explanation:

a) Data and Analysis:

Direct labor $90,000

Variable overhead (labor) $39,000

Fixed overhead (labor) $26,000

b) The direct labor cost = $90,000 and Factory overhead costs = $65,000 ($39,000 + $26,000)

7 0

2 years ago