Amount = $900,000
Bearing interest = 12%
Annual principal payments = $300,000
Bank prime rate = 11%
<u>To find:</u>
Accrued interest payable
<u>Solution:</u>
The calculation of the accrued interest payable,
Therefore, the accrued interest payable will be $24,000.
Answer:
the budgeted revenue for the third quarter is $940,800
Explanation:
The computation of the budgeted revenue for the third quarter is shown below:
= Number of unit sold in the first quarter × increase in sales percentage × increase in sales percentage × selling value
= 5,000 × 1.12 × 1.12 × $150
= $940,800
Hence, the budgeted revenue for the third quarter is $940,800
Answer:
D
Explanation:
These are all correct because Paying executives with stock options instead of cash results in higher reported income. Paying executives with stock options instead of cash encourages them to maximize shareholder wealth and Paying executives with stock options instead of cash helps to retain good executives.
The Central Bank has raised its reserve requirements from 10% to 12%. If the Southern Bank finds that it is not holding enough in reserves to meet the higher requirements, then it will likely borrow for the short term from the central bank. The Option B is correct.
<h2>What is a Reserve requirement?</h2>
A reserve requirement, basically means the amount of funds that a bank must holds in reserve to ensure that it is able to meet liabilities in case of sudden withdrawals. In other word, it is the required cash that banks must have in their vaults or in Federal Reserve bank in line with deposits made by their customers.
Whenever a bank have lower than the reserve requirements, then, it is most likely that it will borrow for the short term from the central bank for meet the requirement.
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Answer:
Cost Containment
Explanation:
The reason is that the cost is the main factor when the the market players have equivalent capabilities and the firm then tries to manage the overall cost of the organization so that it can offer the product at the discount to the competitor's product. This lower cost gives the competitors advantage which the company utilizes in their best interest.