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3 years ago

If you deposit $100 of currency into a demand deposit at a bank, this action by itself

Business

1 answer:

Dahasolnce [82]3 years ago

8 0

Answer:

A) Does not change the money supply.

Explanation:

Demand deposits change the monetary base, because the monetary base equals currency plus demand deposits.

However, in itself, a demand deposit does not change the money supply. For the change in the money supply to occur, the bank must loan out some of the money in the deposit.

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Adirondack Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead ra

Eddi Din [679]

The factory overhead allocated per unit of Product A in the Painting Department is $ .

Given,

Overhead Total direct DLH per product

Labour Hours A B

Painting dept. $241000 10500 8 11

Finishing dept. $69700 10500 5 6

Totals $311400 21000 13 17

Single overhead rate per hour = total overheads/ total labor hours

Now, substituting the values in the formula

Single overhead rate per hour = 311400/21000

= $14.83 per labor hour

Now, direct labor hours for product A for the Painting department = 16 hours

Overhead rate per unit of product A in the painting department = 16 hours × $14.83 per hour

Overhead rate = $237.28 per unit

Thus, Adirondak Marketing Inc. would allocate $237.28 to the painting department for 1 unit of Product A.

Learn more about factory overhead:

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8 0

2 years ago

Which of these is most likely to make you sleepy while you’re reading?

irinina [24]

answer options ? I cant answer without options lol

4 0

2 years ago

When the interest rate in the economy was 10 percent, the price of a bond with no expiration date that paid a fixed annual inter

Nina [5.8K]

Answer:

Option D $8333

Explanation:

The value of the irredeemable bond can calculated using the Dividend Valuation Model.

The formula for the computation is:

Value of the Bond = Interest paid / rate of return on a similar bond

Value of the Bond = $500 / 6% = $8333.33

Note that initially the bond was worth $5000 which can be calculated with the same formula:

Value of the Bond = $500 / 10% = $5000

The net increase is $3333

So the correct answer is option D.

7 0

2 years ago

Ellen loans Nicole $45,000 to start a hair salon. Unfortunately, the business fails in 2019 and she is unable to pay back Ellen.

Dahasolnce [82]

Answer:

c. $18,000, with $27,000 carried forward to 2020.

Explanation:

Non-business bad debts are accounted as short-term capital losses. Short-term and long-term capital gains may be offset by short-term capital losses. Ellen may offset $15,000 of her $45,000 bad debt from Nicole against the $15,000 capital gain from the sale of stock.

In addition, Ellen may claim up to the annual limitation amount of $3,000 in short-term capital losses. In total, $18,000 of the bad debt can be claimed as a capital loss in the current year with $27,000 in unused short-term capital losses carried forward.

5 0

2 years ago

What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use inst

Jlenok [28]

Answer:

(d) Manufacturing Overhead $8,000 Raw Materials $8,000

Explanation:

This will be an spending associate with the actual overhead.

These materials are indirect, so it should go in the factory overhead account.

They are not associate with any job in particular, so it cannot be capitalize through work in process.

8 0

2 years ago