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vovikov84 [41]
3 years ago
12

In 2008, expected inflation exceeded inflation. in 2009, inflation exceeded expected inflation. therefore the real interest rate

was ________ than the expected real interest rate in 2008 and the real interest rate was ________ than the expected real interest rate in 2009.
Business
1 answer:
Nastasia [14]3 years ago
4 0
Expensive cost with Trade interest
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Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
maw [93]

Answer:

Journal entry for raw material used will be :

Dr. Work in process Inventory $141,000

Cr. Raw materials Inventory $141,000

Explanation:

The beginning Raw Materials Inventory balance = $22,000

The materials used to complete jobs during the month = $141,000 of direct materials and $13,000 of indirect materials

Journal entry for raw material used will be :

Dr. Work in process Inventory $141,000

Cr. Raw materials Inventory $141,000

The form of inventory is modified but the company's assets remain in the form of Work in Process. Assets are debited at all times.

5 0
3 years ago
Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price
Sergio039 [100]

Answer:

a. The yield on the repo if it has a 7-day maturity is 1.03%

b. The yield on the repo if it has a 21-day maturity is 0.34%

Explanation:

a. As per the information given in the question we have

Purchase price of treasury securities = $ 24,995,000

Repurchase price or Buy back price of treasury securities = $ 25,000,000

Maturity Period = 7 days

Applying the above values in the formula we have :

The formula for calculating the yield on repo is

= [ ( Repurchase price - Purchase price ) / Purchase price ] * ( 360 / Maturity Period )

= [ ( $ 25,000,000 - $ 24,995,000 ) / $ 24,995,000 ] * ( 360 / 7 )

= [ ( $ 5,000 ) / $ 24,995,000 ] * ( 360 / 7 )

= 0.0002 * 51.428571

= 0.010288

= 0.0103 ( when rounded off to four decimal places )

= 1.03 %

b. As per the information given in the question we have

Purchase price of treasury securities = $ 24,995,000

Repurchase price or Buy back price of treasury securities = $ 25,000,000

Maturity Period = 21 days

Applying the above values in the formula we have

= [ ( $ 25,000,000 - $ 24,995,000 ) / $ 24,995,000 ] * ( 360 / 21 )

= [ ( $ 5,000 ) / $ 24,995,000 ] * ( 360 / 21 )

= 0.0002 * 17.142857

= 0.003429

= 0.0034 ( when rounded off to four decimal places )

= 0.34 %

4 0
3 years ago
Exercise 3-22 Recording costs of labor LO P2 Prepare journal entries to record the following production activities. Incurred $75
Paladinen [302]

Answer:

WIP                            75,000 debit

       Factory Payroll Payable 75,000 credit

Factory Overhead     20,000 debit

       Factory Payroll Payable 20,000 credit

Explanation:

The direct labor is capitalized through work in process inventory to lter become finished good once the product is finished.

While the indirect labor is determinated as actual factory overhead to be later compare against the applied overhead

7 0
3 years ago
Spicer Company is contemplating the replacement of an old machine with a new one. The following information has been gathered:
EleoNora [17]

Answer:

c- $210,000

Explanation:

The computation of the sunk cost is as follows:

= Old machine prie - accumulated depreciation of old machine

= $390,000 - $180,000

= $210,000

Hence, the sunk cost is $210,000

Therefore the option c is correct

The same is to be considered

4 0
3 years ago
Karena was laid off, but she is expecting to be recalled. She has not looked for work since being laid off. Nathan is not employ
AlexFokin [52]

Answer:

B. 1) Karena and 2) Nathan, if Nathan has looked for work during the previous four weeks

Explanation:

Both Karena and Nathan are counted as unemployed according to the U.S labor force statistics.

Unemployment refers to the inability of a willing and able Individual who falls in the labor force category of a country to get a suitable job.

The labor force age group of countries differ from each other but it is usually between the age of 18-65 years.

Unemployment is a situation in which a person who is willing to work coupled and has ability(phycal, emotional) to work does not get a job.

There are different types of unemployment which includes:

1. Structural unemployment

2. Cyclical unemployment

3. Seasonal unemployment

4. Frictional unemployment

5. Underemployment

5 0
3 years ago
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