Answer:
Explanation:
The Municipal market became the epicenter of the liquidity crisis due to the concentration of power as well as the risk which is as a result in the fundamental shift of how buying and selling of Municipal bond is being done.
The outbreak of the corona virus also triggered the liquidity crisis been faced in the Muni market, although the inconsistency as been there for about 10 years.
How much money to give federal agencies
Answer:
(a) Cost of the Tramel job:
= Direct material cost + Direct labor cost + overhead applied
= $1,900 + $500 + (140% of $500)
= $1,900 + $500 + $700
= $3,100
(b) Overhead cost A/c Dr. $500
To Material A/c $400
To Labor A/c $100