Make money, attract buyers... What are your options?
In the mid to late 1920's, advertising BOOMED! More money was spent on advertising in the United States than on education. Companies were producing more advertisements than the number of students attending higher education or universities. This was also the time when credit (loans from banks) started to explode as well.
Answer:
The discount rate on overnight loans is lowered.
Explanation:
The action that is most likely results in an increase in the money supply is (C) which is the discount rate on overnight loans is lowered.
Discount rates are used to determine today's value of money paid or received. In other words the discount rate for financial institutions is the rate of return that they will experience when they re-paid the loans that they granted to other institutions. The discount rate allows the central bank of a country to control money supply in circulation this is done by either lowering the interest rate or increasing it.
Answer:
M. R. Wilson Supplies had merchandise inventory that cost $ 1 comma 900. The market value of the merchandise inventory is $ 1 comma 400. What value should Wilson Supplies show on the balance sheet for merchandise inventory?
Merchandise inventory value = $ 1 comma 400. Option A
Explanation:
Record the adjusting entry is shown below:
Debit Credit
Cost of Goods Sold $1400.00
Merchandise Inventory $1,400.00
Inventory is usually valued at lower of cost or market value.
Merchandise inventory value = $1,400
Therefore, option A is correct.
Answer:
$17,000 favourable
Explanation:
Price variance is the difference between the actual cost incurred to purchase the material and the actual quantity cost on a standard or budgeted rate of the material.As per given data
Actual Quantity = 34,000 gallon
Actual Price = $5.60
Standard cost = $6.1
Total Actual cost = 34,000 x $5.60 = $190,400
Standard cost of Actual purchase = $6.1 x 34,000 = $207,400
Direct-material price variance = Cost at standard rate - Actual Cost = $207,400 - $190,400 = $17,000
The variance is favorable as Oiner Corporation incurred less cost on a quantity purchase than the standard cost of the same quantity.
