The money supply decreases when Citi Bank repays a loan they had previously taken from the Fed. The money supply within Citi Bank decreases because they no longer have the money as they have paid it back to the Fed. The Fed's supply of money then increases.
Answer:
a. $137,020
Explanation:
The computation of the total variable cost for 5,200 activity level is shown below:
But before that first we have to find out the variable cost per unit which is
= Total variable cost ÷ given activity level
= $131,750 ÷ 5,000 units
= $26.35
Now the variable cost is
= Variable cost per unit × expected activity level
= $26.35 × 5,200 units
= $137,020
We simply applied the above formulas
Answer:
The journal entry is shown below.
Explanation:
According to the scenario, the journal entry for the given data are as follows:
Journal entry
Jul.4 Cash A/c Dr $147
Card charges A/c Dr. $3
To Sales revenue A/c $150
(Being card transaction is recorded)
Computation:
Cash = $150 - 2% × $150 = $147
Card charges = $150 × 2% = $3
Simple interest is calculated in this way: <u>A. It is calculated</u> on the principal amount of the loan.
<h3>What is simple interest?</h3>
Simple interest is the type of interest that <u>does not compound</u> and is calculated on the principal portion of a loan.
The formula for computing simple interest is Principal x APR x Number of years.
For example, the simple interest of $100,000 at 2% APR for 2 years is $4,000.
Thus, simple interest is calculated in this way: <u>A. It is calculated</u> on the principal amount of the loan.
Learn more about simple interests at brainly.com/question/25793394
Answer:
The statement is: False.
Explanation:
Managers must <em>make decisions based on facts and support data</em> -such as the accounting books of the company- since those sources provide <em>objective information</em> on what is happening in regards to the organization. Even if they might be allowed to follow their instinct in taking risky investment decisions, a <em>study </em>must be made before taking a step forward to analyze what the best output could be.
Thus, guessings and personal points of view are not enough for managers to conduct business.