Answer:
Explanation:
The journal entries are shown below:
a. Artwork A/c Dr $85,500
To Cash A/c $85,500
(Being work is reported on the government-wide financial statements)
Depreciation Expense A/c Dr $5,700
To Accumulated Depreciation A/c $5,700
(Being depreciation expense is recorded)
The depreciation expense is shown below:
= Original cost ÷ useful life
= $85,500 ÷ 15 years
= $5,700
b. Artwork expenditure A/c Dr $85,500
To Cash A/c $85,500
(Being work is reported on the fund financial statements
The <u>Current Ratio</u> ("<u>Banker's Ratio</u>) measures a firm's ability to generate cash to meet current obligations by selling inventory and collecting revenue.
<h3>What is bankers ratio?</h3>
A company's debt-to-equity ratio reveals how much debt it has for every dollar of shareholder equity. This ratio was developed by bankers. If you are eligible for a loan, a bank will assess your debt-to-equity ratio in comparison to others in your sector. Your risk is high if this ratio is high.
<h3>Why do bankers use ratio analysis?</h3>
The majority of ratios may be computed using financial statements, and they are used to compare a company's financial performance to that of its competitors and to identify trends in those performances. Businesses should compute these ratios on their own to discover areas for improvement before approaching a credit institution.
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Answer:
increase the money supply by $5 billion
Explanation:
When the Fed carries on an expansionary monetary policy it lowers interest rates and purchases government securities in order to increase the money supply in an attempt to boost economic growth.
The increase in the money supply is determined by the total amount of the open market operations carried out by the Fed ($1 billion) and the money multiplier (= 1/reserve ratio = 1/20% = 5).
Total increase in money supply = $1 billion x 5 = $5 billion
Answer:
See below
Explanation:
Direct material = $48.10
Direct labor = $9.20
Variable manufacturing = $2.20
Fixed manufacturing = $19.50
Variable admin expenses = $4.0
Selling price = $108.10
Profit =
Contribution per unit =
New order = $3,100 units
Direct material = $48.10
Direct labor = $9.20
Variable manufacturing = $2.20
