<span> They control a country's </span>foreign exchange reserves and set its monetary policies. <span>Bank for International Settlements </span>promotes monetary stability and bank uniformity. The impact to it is that it causes disorganization between all banks around the world.
Answer:
salaries expense 81,000 debit
salaries payable 81,000 credit
Explanation:
the recurrring salaries for a biwweekly salaries is 270,000
In two weaks assuming five-day work week, there is 10 days.
so we divide to get the expected wages per day the recurring salaries by the amount of days of that period:
270,000 / 10 = 27,000 per day
Then, we multiply by the 3 days from the current period:
27,000 x 3 = <u>81,000</u>
this will be the accrued expenses for the period
Answer:
The mean and standard deviation of the number of accounts error is:
- mean = 362,000
- standard deviation = 19
Explanation:
the parameters are:
- n = number of accounts = 362,000
- p = probability of error = 0.001
mean of the number of account errors = E(X) = np = (362,000 x 0.001) = 362
standard deviation = √[np(1 - p)] = √[362(1 - 0.001)] = √[362(0.999)] = √361.638 = 19.02 ≈ 19
Answer:
The correct answer is option d.
Explanation:
A monopolistic firm is producing 12000 units at a price of $10 per units.
The average variable cost per unit is $6/unit.
The fixed costs are $15,000.
The average fixed costs will be
=
=
=1.25
The average total cost is
=average fixed cost+average variable cost
=$(6+1.25) per unit
=$7.25 per unit
Here, the price per unit is greater than average total cost per unit. This means that the firm is having supernormal profits. This will attract other firms to join the market.
In the long run, when new firms enter the market, the market supply will increase leading to a fall in price.
Answer::
A journal entry is the act of keeping or making records of any transactions. These transactions are listed in an accounting journal that shows a company's debit and credit balances.
Using the data in the question (above), the journal entries for January 31 and March 09 go as follows:
No ------------------Date----------------General Journal------------- Debit-----------Credit
1. Jan 31 --------Alowance for doubtful accounts ------- $2,200 (Debit)
-- ------------------ Accounts receivable—C. Green -------- $2,200 (Credit)
2. Mar 09 -------Accounts receivable—C. Green --------$1,700 (Debit)
----_----------------Allowance for doubtful accounts ------ $1,700 (Credit)
3. Mar 09 ------- Cash ---------- $1,700 (Debit)
-----------------------Accounts receivable—C. Green -------- $1,700 (Debit)