Answer:
Debit: Work in Process Inventory $550
Credit: Actual Indirect Material Costs $550
<em>Transferred Raw Material to Production.</em>
Explanation:
Material Requisition is form in which a production department requests a Raw Material Department to release the Raw Material into a Production Phase.
The Indirect Material costs are those which are not easily identified and are not usually a part of finished good or end product.
The Cost of Actual Indirect Material is given so we can have the above Journal entry for material requisition.
Assume company x deposits $100,000 in cash in a commercial bank. If no excess reserves exist at the time this deposit is made and the reserve ratio is 20 percent, the bank can increase loans by a maximum of $500,000.
Reserve ratio = 20% = 20/100 = 0.25
Initial Money supply = (1/Reserve ratio)*New Deposit = (100,000/0.25) = $ 400,000
Reserve ratio = Rerserve / Deposit
=> Reserves = 0.25*100,000 = 25,000
Max Increase in Money Supply = Initial Money Supply + Reserves/ Reserve Ratio
= $ 400,000 + 100,000
= $ 500,000.
The term commercial bank refers to financial institutions that accept deposits, provide checking account services, issue various loans, and provide basic financial products such as certificates of deposit (CDs) and savings accounts to individuals and small businesses. refers to
Learn more about the commercial banks at
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Answer:
C. An enterprise zone
Explanation:
An enterprise zone is a geographical location set up by the government of that location in which companies and businesses can enjoy a variety subsidies like reduction in taxes and resource inputs used. The idea of this is to encourage businesses to stay and revitalize their business or encourage growth of new businesses.
Answer:
$1023.98
Explanation:
Using the standard notation equation for annual payment and for arithmetic gradient to calculate the present worth of a unit's costs; we have the following corresponding expression.
P = A (P/A, i, n) & P = G (P/G, i, n)
where;
A = annual payment
G = arithmetic gradient
n = number of years
i = annual interest rate
From the question;
the payment period = compounding period
∴ quaterly interest rate = 3%
The present worth value of the unit's cost is therefore shown as
P = 90 (P/A, 3%, 12) + 2.5(P/G, 3%, 12)
P = 90(9.954) + 2.5(51.2481)
P = $1023.98
∴ The present worth value of the unit's cost = $1023.98
