Answer:
C. Thursday
Explanation:
Once auctioned on Monday or Tuesday, Treasury Bills are issued to the winning bidders and must be paid on Thrusday immediately following the auction date.
Federal reserves conduct treasury bill auction on Monday or Tuesday. Treasury bills are auctioned weekly and one year Treasury bill are auctioned monthly. Amount of securities represented by non competitive bills are withheld from auction and are filled with average winning yield, these bids are taken priority.
Answer:
true
Explanation:
acid test ratio can be calculate by ( Current assets – Inventory ) / Current liabilities. Ideally, the acid test ratio should be 1:1 or higher, however this varies widely by industry. In general, the higher the ratio, the greater the company's liquidity. by selling up equipment in exchange of cash, the will assist the company to be able to handle its current liability with the cash injection into the entity.
This kind of person in business terminology is called a free rider.
Answer:
Social Security Tax = $ 244.28
Medicare tax = $ 57.13
Explanation:
Social Security Tax: $3,940 x 6.20% = $244.28
Medicare tax: $3,940 x 1.45% = $ 57.13
Answer:
the total period cost for the month under variable costing is $52,610
Explanation:
Under Variable Costing Period Cost consist of, All Non-Manufacturing Costs and Fixed Manufacturing overheads.Fixed Manufacturing overheads are included in product costs only in full costing.
<u>Calculation of Total Period Costs :</u>
Variable selling and administrative expense ($ 14×1,010) $14,140
Fixed selling and administrative expense $22,220
Fixed manufacturing overhead $16,250
Total $52,610
