You need to modify your questions
Answer:B. It's not a good idea. Eliminating or limiting the amount of deposit insurance would help increase the moral hazards of excessive risk taking on the parts of bank. It would however make banks failures and panics more likely.
Explanation:
The elimination would increase risk taken and bank failures, when there is no coverage for failures.
Answer:
The entry decreases assets and decreases stockholders' equity. T
Explanation:
The adjusting entry of interest expense would impact the expenses account, automatically the income statement also.
Moreover, it also impacts the stockholder equity but it does not impact the asset account. Rest item which is mentioned in the question except the corrected option would be affected.
Interest expense is an expense that decreases the net income of the business organization and at the same time it shows the interest payable on the liabilities side.
Answer:
$124000
Explanation:
Given: Manufacturing cost= $220000
Manufacturing overhead= $42000.
Direct material= $54000.
Now, finding the direct labor cost.
Remember: Direct labor cost=
⇒ Direct labor cost=
⇒ Direct labor cost=
⇒ Direct labor cost=
Hence, direct labor cost is $124000