Answer: $32000
Explanation:
The required reserves will be calculated as:
= Checkable deposit × Legal reserve ratio
= $80000 × 20%
= $16000
Excess reserves = $16000
Actual reserves will now be:
= Required reserves + Excess reserves
= $16,000 + $16,000
= $32,000
Answer:
<em>Product X and Z should be processed further because the additional sales revenue is greater that further processing cost which leads to a profit. </em>
<em>Product Y should not be processed further because doing so would lead to a loss</em>
Explanation:
WP Corporation should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.
Also note that all cost incurred up to the split-off point (i.e $92,000) are irrelevant to the decision to process further .
X Y Z
Sales value at split of point 23 24 25
Sales value after split off point <u> 27</u> <u> 27 </u> <u>32</u>
Additional sales value 4 3 7
Further processing cost <u>( 2)</u> <u>( 4 ) </u> <u>( 4)</u>
Net income?(loss) 2 (1 ) 3
Product X and Z should be processed further because the additional sales revenue is greater that further processing cost, which leads to a profit.
Product Y should not be processed further because doing so would lead to a loss
delaying or postponing a task or work or pretty much anything
Answer:
Revenue
Explanation:
In finance, revenue recognition principle can be associated to acrrual accounting, it stated that recognition of revenue should only take place when revenue is earned or received, it shouldn't be when there is received cash. It helps to know periods that revenue is needed to be recognized.
It should be noted that Consistent with revenue recognition principle, companies record revenue at the time goods are provided to customers.
Answer:
EXPLICIT COST
The wholesale cost for the guitars that Dmitri pays the manufacturer
The wages and utility bills that Dmitri pays
IMPLICIT COST
The rental income Dmitri could receive if he chose to rent out his showroom
The salary Dmitri could earn if he worked as a financial advisor
Explanation:
Explicit cost: those which are actually incurred this means it represent accrued expenses or actual cash outlay.
Implicit cost: refers to the opportunity cost of a factor wasted opprtunity for weing deploy in the current project. These do not represent actual expenses but potential use of the factors
