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3 years ago

are said to be at "arm's length," while are to be reported separately in the financial statements.

Business

1 answer:

Zigmanuir [339]3 years ago

8 0

Answer:

The answer to the first blank is credit sales to customers, the second blank space is loans to company officers.

Explanation:

When offering credit sales to customers, financial institutions tend to operate in an arm’s length setting, which is the default operating process when dealing with customers. This differs from when they offer loans to company officers, or the company’s employees. Depending on the company, employees might be able to access credit at a different rate compared to the normal customers. Nevertheless, these transactions should be recorded separately from the financial statements made in the company.

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To loosen credit the Federal Reserve will: A sell U.S. Government securities to bank dealers with an agreement to buy them back

ANEK [815]

Answer:

B buy U.S. Government securities from bank dealers with an agreement to sell them back at a later date

Explanation:

The Federal reserve uses open market operations to regulate liquidity in the economy. This eases or restricts how bank dealers can give credit.

To ease credit giving ability of bank dealers the Federal Reserve will buy US Government securities from bank dealers. This gives them extra money which they can give out as loans to their customers.

On the other hand when credit needs to be tightened, the Federal Reserve will mop up cash by selling Government securities to the bank dealers

4 0

3 years ago

Which of the following is not an advantage of the metal web floor truss?

Reil [10]

The answer is A, they are more widely used wood trusses.

5 0

3 years ago

Bluegill Company sells 7,500 units at $320 per unit. Fixed costs are $120,000 and income from operations is $1,560,000. Determin

Debora [2.8K]

Answer:

a) $96 per unit

b) $224 per unit

c) 70%

Explanation:

We will have to compute variable cost and contribution margin

Sales $2,400,000

7,500 × 320

Less; Variable cost $720,000

Contribution margin $1,680,000

Less : Fixed cost $120,000

Operating income. $1,560,000

a) Variable cost per unit

= Total variable cost ÷ Total number of units

= $720,000 ÷ 7,500 units

= $96 per unit

b) Unit contribution margin

= Selling price per unit - Variable cost per unit

= $320 - $96

= $224

c) Contribution margin ratio

= (Selling price per unit - Variable cost per unit) ÷ Selling price per unit × 100

= ($320 - $96) ÷ $320 × 100

= $224 ÷ 320 × 100

= 70%

7 0

3 years ago

An income tax rate increase will most likely ____ aggregate demand and _____ aggregate supply.

egoroff_w [7]

<u>Answer:</u> decrease; decrease

<u>Explanation:</u>

Aggregate demand means the total quantity that would be purchased irrespective of the price levels. Aggregate supply means the total quantity of the goods or services which the firms will sell at a price that is given in the economy. So when the income tax rate increases the aggregate demand and aggregate supply of the products will both decrease.

The increase and decrease in the tax rates brings a shift in the aggregate demand and aggregate supply curve. Other factors which influence these curves are interest rates, income , exchange rates and inflation rates.

7 0

4 years ago

Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3

UkoKoshka [18]

Answer: $66,810,000

Explanation: take the balance at the beginning of the year add it to the net income from statement of comprehensive incomes then minus the cash dividends declared from the total of the beginning balance and net income then get the retained balance at the end of the 20Y3 year of 66 810 000.

The stock dividends of 2,600,000 have two accounts involved which is stock( inventory) and dividends declared which is an liability.

Sumter Pumps Corporation

retained income statement for the year ending 31 december 20Y3

balance 01/jan/20Y3 $59,650,000

CHANGES IN EQUITY

Net Income 8,160,000

dividends paid and declared

Cash dividend 1,000,000

stock dividend 0

balance 31 dec 20Y3 $66,810,000

4 0

3 years ago

________ are said to be at "arm's length," while ________ are to be reported separately in the financial statements.

are said to be at "arm's length," while are to be reported separately in the financial statements.