Answer: A. interest rates have risen
Explanation:
Since the customer buys a Brokered CD for $100,000 and upon eceipt of his next account statement, he sees that there has been a reduction in the market value of the CD to $99,800.
This would occur because there has been an increase in the interest rates. On the other hand, assuming there was a reduction in the interest rate, this will lead to an increase in the market value.
Answer:
The correct answer is option d. directing and coordinating operations during the period.
Explanation:
Budget is a plan which elaborates how the resources of the company are to be spent to achieve desired targets or growth rates.
It helps all the units of the organization to establish goal for the coming period.
It is also helpful for the managers and employees by increasing their motivation as they now have to chase a decided target.
It also helps in estimating cost reduction techniques, alternatives on the basis of last year data.
Since, it is just an estimate it does not provide any help in directing and coordinating operations.
So, the correct answer is <u>option D.</u>
Answer:
Top manager
Explanation:
The top managers are those persons or managers who are responsible for overseeing as well as controlling the whole business or organization. The top level managers are those who develop or establish the policies of the company, strategic plans, goals or objectives as well as make decisions on the direction of business.
The managers of the company are at the top level and plays a very important role in the mobalization of the resources.
So, in this scenario, the company experience the losses and the top managers would the one who develop the long- term plans which will make the company to be profitable.
Answer:
d. are fiat money and gold coins are commodity money.
Explanation:
Fiat money is by definition the money whose value is imposed by the state (not real commodity in itself, just paper with state imposing its value) and is the international reference for trading, like the US dollar (or maybe euro or yen). Commodity money are actual commodities used as money, like gold (could be also silver)
Answer:
Dr Loss on impairment 8,700
Cr Debt investment 8,700
Explanation:
Yayai didn't purchase Schuyler's bonds to trade them, they purchased them as a held-to-maturity investment, so they are reported in the Debt investments account which has a debit balance (asset account). Since it decreases in value, it should be debited.
The loss on impairment account reports decreases in the net carrying value of assets, such as debt investments.
