Answer: broker loan rate
Explanation:
The broker loan rate is also refered to the call loan rate and it is the interest rate that is charged from the banks to broker-dealers on loans where securities are collateral.
It should be noted that the iterest rates that are given on broker loan rates are just a little above the short term interest rates.
Answer:
The answer is: A) is correct because there was no bargained-for exchange for the raise.
Explanation:
Dan is correct since nothing was bargained here. For a contract to be binding, both parties must give or promise to give something in exchange, e.g. I will pay $5 and the restaurant will give me a hamburger.
In this case Naomi didn't give anything to Dan or didn't even promise to give anything to Dan.
Allowance for Doubtful Accounts (Deb 2,000).
Accounts Receivable - A. Hopkins (Cred. $2,000)
Answer:
40-11 = 29----- 29 *240h = 6960 w = 6.96 kw
0.113 * 6.96 = 0.78648 $
Answer:
accrual accounting
Explanation:
The accrual accounting technique recognizes income and expenses in the period they were earned or incurred. Revenue is recorded in the financial year that the sales invoice was generated and not when payment is received. An expense is recorded in the same period that the economic activity occurred, not when payment was made.
The accrual accounting technique applies the matching concept, where revenues and expenses are recognized the same period that their related economic transactions happened. The accrual method is one of the two accounting techniques. The cash method is the other technique, it recognizes income and expenses when payments change hands.