Answer:
Debit to work in process for $79,000
Explanation:
The journal entry is shown below:
Work in process Dr $79,000
To Direct material $79,000
(Being requistion from the storeroom is recorded)
Here work in process is debited as it increased the assets and credited the direct material as it decreased the assets
Working note
Total material requisitions. = $ 83,000
Less : Indirect material. =. ($ 4000)
Direct material $79,000
Answer:
A) Provide savings incentives
Explanation:
Total national savings equal the total investment component of the gross domestic product of a nation. The only way you can increase investment is by saving more money.
The simplest way (but also ineffective) of increasing savings in an economy is by increasing interest rates. It is ineffective since you increase both interest paid to people that save money and those who borrow money. If you print more money all you are going to do is increase the inflation rate.
A more efficient way of increasing savings would be offering tax incentives for those who save money.
Answer:
C) $300 U
Explanation:
Gipple Corporation
Material Quantity Variance = (Actual Quantity Used * Standard Unit Cost )-
( Standard Quantity Used * Standard Unit Cost )
Material Quantity Variance =(AQ* SP) -(SQ*SP)
Material Quantity Variance = (24,870* 6)- ( 7.3* 3400 *6)
Material Quantity Variance = (24,870* 6)- (24,820* 6)
Material Quantity Variance = 149220 - 148920
Material Quantity Variance = $300 Unfavorable
As actual quantity is greater than standard quantity it is unfavorable.
Answer:
If a bank has excess reserves of $7,000 and demand deposit liabilities of $100,000, and if the reserve requirement is 15%, then the bank has actual reserves of $22,000.
Explanation:
Total deposit = $100,000
Reserve requirement = 15% of the total deposit
Therefore, required reserves = 15% of $100,000
=15/100 * $15,000
= 0.15*$100,000
required reserves = $15,000
The excess reserves given in the question = $7,000
Total reserves = Required reserves + Excess reserves = $15,000 + $7,000 = $22,000
Answer: The correct answer is "C. $4,000 × 0.681 × 0.926.".
Explanation: If we want to know the present value of $ 4000 that will be received within 6 years from today. Having the update factors for only 5 periods First we multiply the capital ($ 4000) by the factor for 5 periods and then multiply it by the factor for 1 period to complete the 6 periods.
