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Kaylis [27]
3 years ago
8

How do banks make a profit?

Business
1 answer:
fiasKO [112]3 years ago
8 0
Banks make a profit by c. charging interest
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In order to implement contractionary policy, the government and central bank must _____ goverment spending _______ taxes, and __
Vedmedyk [2.9K]

Answer:

increase, decrease, decrease

Explanation:

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According to the service marketing triangle, which of the following lists the types of marketing that must be successfully carri
natima [27]

Answer:

A. External, internal and interactive marketing

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36. A manufacturer's or supplier's use of an independent third party to manage an entire function of the logistics system, such
Sedaia [141]

Answer:

a.

Explanation:

Based on the scenario being described within the question it can be said that these processes are known as outsourcing. This term or process is when a company hires another company in which the hired company agrees to be responsible for an activity or process that could be done internally but which the company has decided not to. Such as in this scenario since a third party (completely unrelated company) is handling all of the logistics division of the company.

3 0
3 years ago
Read 2 more answers
Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The follow
taurus [48]

Answer:

<em>a. raw materials purchases</em>

raw materials  505,000 debit

  account payable   505,000 credit

<em>b. direct materials usage</em>

Weaving WIP  304,000 debit

Sewing WIP      84,000 debit

      Raw Materials        388,000 credit

<em>c. indirect materials usage</em>

Factory overhead 164,000 debit

      Raw Materials        164,000 credit

<em>d. direct labor usage</em>

Weaving WIP  1,275,000 debit

Sewing WIP       485,000 debit

      Wages Payables         1,760,000 credit

<em>e . indirect labor usage</em>

Factory overhead  1,525,000 debit

      Wages Payables         1,525,000 credit

<em>f. other overhead costs</em>

Factory Overhead 186,000 debit

      Other Account Payable 186,000 credit

<em>g. overhead applied</em>

Weaving WIP  1,083,750 debit

Sewing WIP        751,750 debit

      factory Overhead         1,760,000 credit

<em>h. payment of total wages costs.</em>

Wages Payable    3,285,000 debit

           Cash                3,285,000 credit

Explanation:

the direct cost is assigned to each department while the indirect cost into factory overhead

g) overhead calculations:

Weaving  $1,275,000 labor x 85%   =   1,083,750

Sewing    $  485,000 labor x 155%  =<u>      751,750</u>

Total applied overehead:                       1,835,500

h) total wages cost:

Wages payable T-account

DEBIT              CREDIT

--------------------------------------

           d)         1,760,000

           e)    <u>     1,525,000</u>

       Balance 3,285,000

6 0
3 years ago
Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $830 million on January 1, 2021. The bonds sold
Semmy [17]

Answer:

discount on bonds payable 18,383,020.48 debit

other comprehensive income 18,383,020.48 credit

--to adjust Bonds at 12/31/2021 market value --

other comprehensive income  4.739.000‬ debit

    discount on bonds payable   4.739.000‬ credit

--to adjust Bonds at 12/31/2022 market value --

Explanation:

We solve for the book value at year-end using effective rate

<u>First year:</u>

<u>First payment</u>

830,000,000 x 5.5% = 45,650,000

767,557,868  x 6.0% = 46,053,472.08

Amortization              403,472.08

<u>Second Payment</u>

830,000,000 x 5.5% =                         45,650,000

(767,557,868 + 403,472.08)  x 6.0% = 46,077,680.4

Amortization               427680.4

Carrying value at year-end

767,557,868 + 403,472.08 + 427,680.40 = 768,389,020.48

We need to recognize a deferred gain for the difference between these and the 750,000,000 market value at December 31th

which is $ 18,383,020.48 as these as not been realized it will be part of other comprehensive income

We will increase the discount to adjust the bonds payable account net balance.

<u>Second year:</u>

We repeat the process

<em>First Payment:</em>

830,000,000 x 5.5% = 45,650,000

Interest expense 750,000,000 x 6% = 45,000,000

Amortization  650000

Carrying value 750,000,000 + 650,000 = 750,650,000

<em>Second Payment:</em>

830,000,000 x 5.5% = 45,650,000

750,650,000 x 6% = 45,039,000

Amortization 611000

Carrying Value 750,650,000 + 611,000 = 751,261,000

Wer now compare this with the 756,000,000

as now the debt of the company has increased we are going to decrease the discounttand recognize a deferred loss through other comprehensive income as it wasn't realized

756,000,000 - 751,261,000 = 4.739.000‬

7 0
3 years ago
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