The kind of data source is not known. Results may be invalid because some internet websites don’t upgrade their formats to the latest one. A lot of important details may also be missing from internet sites since some of their formats are incorrect while their data cannot be used as resource in some statistic software.
Answer:
If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.
Date Account Title Debit Credit
XX-XX-XXXX Accounts Payable - Saurya Stores Rs. 39,000
Cash Rs. 39,000
Answer:
C.$46,730
Explanation:
Nadal Corporation manufactures custom molds for use in the extrusion industry. Based on the data available we first see the formula to calculate the total manufacturing cost of the job 532.
In general, sum of all the cost directly or indirectly included in the manufacturing cost. Therefore the formula is as below
Total Manufacturing Cost = Direct Labor Cost + Direct Materials Cost + Manufacturing Overhead Cost.
Direct labor cost $36,800
Direct materials used $5,000
Predetermined manufacturing overhead rate based on machine hours $17 which is = $17 x 290 hours
Manufacturing cots= 4930$
Total Manufacturing Cost = 36800 + 5000 + 4930
Total Manufacturing Cost = 46,730$
Answer:
These statements are true:
A) The Federal Reserve does not set the Federal funds rate, but it influences it through the use of open market operations:
For example, at the very moment the Fed funds rate is 1.75%. If the Fed wanted to raise it to 2%, it would have to do so through the use of open market operations (in this case, because it wants to raise the rate, it would have to sell securities in order to reduce the money supply).
C) The Federal Reserve sets the target for the Federal funds rate, and then uses the reserve ratio to push banks toward that target.
Reserve requirements are perhaps the most powerful, and least often used, monetary policy tool that the Fed has at its disposal. It is very powerful because it directly increases or decreases the money supply.
For example, if the Fed wants to increase the fed funds rate, it can raise the reserve ratio so that banks keep more money in reserves, have less money to loan, and in consequence, create less money, causing the money supply to shrink and the fed funds rate to rise accordingly.
D) The Federal Reserve sets the Federal funds rate.
Correct. More specifically, the Federal Open Market Committee, which meets eight times a year to set the target for the fed funds rate.
Answer:
The correct answer for future value if first payment occur today is $449,645.24 and if first payment occur at the end of year is $408,761.13.
Explanation:
According to the scenario, the given data are as follows:
Payment (pmt) = $7,990
Rate of interest (r) = 10%
Time (n) = 19 years
So, we can calculate the future value by using following formula:
Future Value ( if payment occurs today) :
FV = Pmt (((1+r)^n - 1) ÷ r) x (1+r)
By putting the value:
= $7,990 ((( 1+ 0.10)^19 -1) ÷ .10) × ( 1 + 0.10)
= $7,990 ( 51.16) × ( 1.10)
= $449,645.24
Future Value ( if payment occurs at the end of year):
FV = Pmt x ((1+r)^n -1)) ÷ r)
= $7,990 ((1 + 0.10)^19 -1) ÷ 0.10)
= $7,990 × 51.16
= $408,761.13
