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3 years ago

The function of the South African Reserve Bank as bank supervisor entails …

Business

1 answer:

monitta3 years ago

3 0

Answer:

[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.

Explanation:

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Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $220 million of 8% bonds, dated January 1, on January 1, 20

7nadin3 [17]

Answer:

1 Jan 2021- Debit Investment $220 million, Credit Bank $201 million, Credit Discount received $19 million.

30 June 2021 Debit Bank $8,800,000 Credit Interest income $8,800,000

31 December Debit Bank $8,800,000 Credit Interest income $8,800,000

31 December 2021 Debit Fair value loss $10 million, Credit Investment $10 million.

Explanation:

Required: prepare journal entries.

interest income = 220 million *0.08 *6/12= $8,800,000

fair value gain or loss = opening fair value - fair value at the end of the year

= 220 million - 210 million

= $10 million

7 0

4 years ago

It's the end of the accounting period and no electric bill has been received (but expense has been incurred. ; you should record

Sati [7]

You should make note of the fact that no bill was received but you did make the payment.

8 0

3 years ago

Read 2 more answers

6. Self-concept is how a child

Nostrana [21]

The answer would be B
(self-concept is how one sees their self and their image, thus the “self” part of the word)

7 0

3 years ago

Read 2 more answers

The two most common receivables are receivables and receivables.

Kobotan [32]

Accounts receivable and notes receivable

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2 years ago

MC Qu. 133 Cahuilla Corporation predicts... Cahuilla Corporation predicts the following sales in units for the coming four month

Ann [662]

Answer:

$4,280

Explanation:

Calculation to determine what The budgeted purchases of pounds of direct material B during May should be:

For the month of APRIL

Units required to be produced in April = Units required to be sold April - Opening Inventory 40% of Sales of May

Units required to be produced in April= 380 - 152 + (420 * 40%)

Units required to be produced in April=380-152+168

Units required to be produced in April= 336 units

Total units of raw material to be purchased =336 *5 pounds

Total units of raw material to be purchased= 1,680 pounds

Now for the month of MAY

First step is to calculate May Units required to be produced in May using this formula

Using this formula

Units required to be produced in May = Sales for the month - Opening Inventory + % of Sales of June

Let plug in the formula

Units required to be produced in May= 420 -(420 * 40%) + (440 * 40%)

Units required to be produced in May= 420 -168+176

Units required to be produced in May= 428

Second step is to calculate the Total units of raw material to be purchased

Total units of raw material to be purchased = 428*5 pounds

Total units of raw material to be purchased = 2,140 pounds

Now let determine the budgeted purchases of pounds of direct material B

Purchase cost for the month = $2,140 * $2.00 per pound.

Purchase cost for the month= $4,280

Therefore The budgeted purchases of pounds of direct material B during May should be:$4,280

8 0

3 years ago