Answer:
decreases the money supply by decreasing excess reserves and decreasing the monetary multiplier
Explanation:
If there is increased in the reserve requirement so there is also increase the credit cost but it would lead to a decrease in money supply through the decrease in excess reserves that result into reduction in money multiplier also there is the reduction of loan activity
Therefore the third option is correct
Answer:
Dr Depletion expense 66,640
Cr Accumulated depletion 66,640
Explanation:
Coronado Corporation
Journal entry
Dr Depletion expense 66,640
Cr Accumulated depletion 66,640
Total Cost = $448,000+$112,000 =
$ 560,000
Depletion per ton
= ($560,000-$179,200)/4,480
= 85 per ton
Depletion first year = 784*85 = 66,640
Answer:
No, the thief didn't set off the alarm. As the mass of the gold statue and the bag of sand is different, the alarm clock will start ringing once the statue is replaced with the bag of sand. Thus, the thief screwed up the operation.
Answer:
1. True. The tax rates are higher, the greater one's income
Explanation:
1. True. Progressive tax is defined as a tax whose rate increases as the payer's disposable income increases. The implication is that ,individuals who earn high incomes have a greater proportion of their incomes taken to pay tax.
A perfect example of progressive tax is income tax whose rate is tied directly to personal income income.
2. False. The rate increases as the disposable income of the tax payer increases under progressive tax
3.False. Entrepreneurial income will be taxed after adjusting for allowobale and non-allowable income and expenses and relevant loss relief.
4. False. The revenue realised from progressive taxes are utilized by the government as stipulated in the budget.
Answer:
$0.54
Explanation:
Given: Fixed manufacturing overhead = $2500000.
Total number of unit= 2600000.
The variable manufacturing costs= $1.50 per unit.
First finding the cost per unit of manufacturing overhead.
Cost per unit of manufacturing overhead= 
⇒ Cost per unit of manufacturing overhead= 
∴ Cost per unit of manufacturing overhead= $0.96154
Next finding the cost per units using absorption costing.
Cost per unit= 
⇒ Cost per unit= 
∴ Cost per unit= 
Hence, $0.54 is the cost per unit using absorption costing.
