The FDIC, or the Federal Deposit Insurance Corporation was created in the time of the Great Depression to guarantee deposits up to a certain amount in case the bank fails. The purpose was to restore faith in the United States banking system.
Answer:
PV= $12,242.27
Explanation:
Giving the following information:
Cf= 950
Nominal interest= 0.0750 monthly compounded
<u>First, we need to determine the real interest rate:</u>
Monthly interest rate= 0.075/12= 0.0625
Real annual rate= (1.00625^12) - 1= 0.0776
N<u>ow, we can calculate the present value using the following formula:</u>
PV= Cf/ i
PV= 950/0.0776
PV= $12,242.27
Answer:
Explanation:
Job 11-101=$3,880
Job 11-102= $2,630
Job 11-103= $2,080
Job 11-104= $3,190
Job 11-105= $2,080
Total 13,860
Direct labor rate = $18
Predetermined overhead rate = $22
Direct labor hour = 13,860/18 = 770 hours
Applied factory overhead rate = 770 *22 = $16,940
Factory labor cost
Dr Cr
Work in progress 13,860
Factory Overhead 18,000
Wages payable 31,860
Factory Overhead
Work in progress 16,940
Factory overhead 16,940
Answer:
Ace Incorporated
The cost of inventory as of June 30 is:
= $4,000.
Explanation:
a) Data and Calculations:
June 1 Beginning Inventory $0
June 3 Purchased goods for $4,100
June 5 Returned goods costing($1,100)
June 6 Purchased goods for $1,000
June 30 Total available $4,000
b) The cost of inventory is made up of the cost of purchasing the inventory minus purchase returns. In this instance, there were no sales during June. This would have reduced the cost of the inventory available as of June 30.
In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because each country or region has its own culture.
<h3>Factors that affects promotion of goods</h3>
The act of promoting a particular product for sale can be location specific this is because individual and culture varies which also affect the choice of product and how it can be advertised for people to desire the product.
Therefore,
In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because each country or region has its own culture.
Learn more on promotion below
brainly.com/question/14772910
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In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because:
A) more than one marketing expert is needed to create successful promotions
B) it costs less to set up several smaller campaigns than one that can be used for all markets
C)there is no need to test the message before starting the campaign
D)each country or region has its own culture
