Answer:
Sales decreases
Explanation:
In this question, we are asked to state what happens in terms of sales in a reserves market given that the federal funds rate is above the interest paid on excess reserves
A reserves market simply refers to that market that contains that amount of money held by the government.
Now, given that the federal funds rate is above the interest paid on these reserves, it will have an effect on the open market as sales will decrease. This causes a ripple effect on the supply of reserves by raising the federal funds interest rate
Answer:
$178
$259
Explanation:
The calculation of the variable costing concept and (b) the absorption costing concept is shown below:-
Cost of Goods Manufactured per unit = $516,200 ÷ 2,900
= $178
Fixed Manufacturing Overhead Per Unit = $234,900 ÷ 2,900
= $81
Variable Product cost Per Unit = Cost of Goods Manufactured per Unit
= $178
Absorption product cost per unit = $178 + $81
= $259
Answer and Explanation:
The two adjusting entries are as follows:
On May 31
Rent expense ($1,200,000 ÷ 5 months) $240,000
To Prepaid rent $240,000
(Being rent expense is recorded)
Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets
On May 31
Unearned rent revenue Dr $148,800
To Ticket revenue $148,800
(Being unearned revenue is recorded)
Here the unearned rent revenue is debited as it decreased the liability and credited the ticket revenue as it increased the revenue
Answer: d. All of the above.
Explanation: Budgeting is simply the activity of constructing a budget which in turn is defined as any amount of money or resources earmarked for a particular institution, activity or time-frame. An effective budget program is quite significant to both planning and controlling processes and is employed by managers and executives to plan, monitor and control various activities at every level of an organization or business creating better and tighter controls on an organization's costs, activities and communication.