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3 years ago

When a bank's loans are written off then the bank's?

1 answer:

8 0

When a bank's loans are written off, then the bank's RESERVES SHRINK WHEREAS ITS DEBTS REMAINS THE SAME. Sometimes, due to unpleasant situations, banks are forced to write off loans which they hand lend out to borrowers and which the borrower are unable to repay. This action reduces the amount of money that the bank has in its reserve.

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Pajama Corp. uses direct materials (fabric, thread, buttons), and direct labor (cutting, sewing labor) to make each pair of paja

RUDIKE [14]

Question Completion:

Estimated manufacturing overhead costs = $156,000

Estimated direct labor cost = $390,000

Estimated direct materials cost = $350,000

Answer:

Pajama Corp.

The cost driver rate = $0.40 per DL cost.

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead costs = $156,000

Estimated direct labor cost = $390,000

Estimated direct materials cost = $350,000

Cost driver rate = $0.40 ($156,000/$390,000)

b) To calculate the cost driver rate, Pajamas Corp. divides the total estimated manufacturing overhead costs by the cost driver (direct labor cost). This implies that the cost driver rate is the total cost of activity pool divided by its cost driver. This yields the amount of overhead and indirect costs related to a particular activity.

7 0

2 years ago

Brush Industries reports the following information for May: Sales $ 980,000 Fixed cost of goods sold 116,000 Variable cost of go

Roman55 [17]

Answer:

Net operating income= 341,000

Explanation:

We need to use the following structure:

Gross profit= sales - cost of goods sold

Net operating income= Gross profit - other expenses (variable and fixed)

Under the absorption costing method, the cost of goods sold incorporates the fixed overhead.

Sales= 980,000

COGS= (116,000 + 266,000)= (382,000)

Gross profit= 598,000

Fixed selling and administrative costs= (116,000)

Variable selling and administrative costs= (141,000)

Net operating income= 341,000

8 0

3 years ago

Job specifications can be defined as: a. planned sequences of jobs through which employees may advance within an organization. b

Alona [7]

Answer:

Option d would be the correct approach.

Explanation:

The organized database of the important tasks required in carrying out a task that has been extrapolated from such a job description and used in job classification and assessment and personnel policies as well as positioning.
This usually includes tasks, intent, obligations, nature including employment conditions of a position including the description of the position, as well as the identity or description of the individual the input data to.

Many examples do not apply to the subject being discussed. So option d is indeed the right one.

4 0

3 years ago

If he wanted the cash award of each of the five prizes to be $45,000 and his estate could earn 7% per year, how much would he ne

Stels [109]

Answer:

The answer is $3,214,285.71

Explanation:

Price of each award is $45,000

And there are 5

Therefore, we have 5 x $45,000

=$225,000.

So, $225,000 is the future value.

Rate of return(r) in 7% and it is being assumed that it is forever.

So, so how much will be needed to fund his prizes(present value)?:

PV = FV/r

= $225,000/0.07

=$3,214,285.71

5 0

3 years ago

Jacques deposited $1,900 into an account that earns 4% interest compounded semiannually. After t years, Jacques has $3,875.79 in

kupik [55]

A year has two semesters, then
n = 2v(t)=p(1+r/2)2t

3875.79 = 1900∗(1+(0.04/2))^2t

2.0398895 = (1+0.042)^2t
Apply natural logarithm on both sides

ln(2.0398895) = ln[(1+0.042)^2t]

Then simplify,
0.712896 = 2t∗ln(1.02)

t = 0.712896 / (2∗ln(1.02))

t=18 years

I hope my answer helped you. Have a nice day!

3 0

3 years ago

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