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3 years ago

Refer to the given list of assets.

Business

1 answer:

Cloud [144]3 years ago

8 0

Answer:

a. Items 1,5,9 and 10

Explanation:

M1 refers to Money Supply which includes physical currencies, coins, demand deposits, amounts in checking accounts, liquid cash and other forms of cash that can be withdrawn immediately eg in ATM.

<u>Items under M1 from the question are:</u>

3. Currency (coins and paper money) in circulation

6. Checkable deposits

M2 refers to money supply that comprises of the items in M1 and also include other types of deposits eg Savings deposits, mutual funds by individuals, time deposits. Funds that even though cannot be readily converted to cash but can be withdrawn with more effort.

<u>Items under M2 from the question are:</u>

2. Non-checkable savings deposits

4. Small-denominated (under $100,000) time deposits

7. Money market deposit accounts

8. Money market mutual fund balances held by individuals

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Answer:

Eastern District: Adelson Inc.

Budget Performance Report

For the Year Ended December 31, XX

Actual Static Variance

<u>results budget </u>

Sales salaries $818,880 $819,840 -$960

System adm. salaries $447,720 $448,152 -$432

Customer service salaries $183,120 $152,600 $30,520

Billing salaries $98,100 $98,760 -$660

Maintenance $273,000 $271,104 $1,896

Depreciation of P & E $92,232 $92,232 $0

Insurance and prop. taxes $41,400 $41,280 $120

Total $1,954,452 $1,923,968 $30,484

Explanation:

A budget performance report shows how the actual costs and/or revenues perform according to the planned budget. A negative sign on the variance column shows a favorable variance (lower costs or higher revenues), while a positive sign shows an unfavorable variance (higher costs or lower revenues).

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3 years ago

A national grocery chain is divided into well-demarcated groups such as the Northeastern division, the Northwestern division, th

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Based on the fact that the divisions of this national grocery chain are set up in such a way that they can serve different locations, this is a<u> geographic structure.</u>

<h3>What is a geographic structure?</h3>

This is a departmentalization style where a company creates divisions in various areas to service their customers located in those places.

This is what this national grocery chain is doing by setting up divisions in various areas to access their customers around the country.

Find out more on the departmentalization at brainly.com/question/15052404.

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2 years ago

What characteristics of an organizational structure and culture are best suited to achieving a cost-leadership strategy

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An informal type of organizational structure is one best suited for achieving a cost-leadership strategy especially when the managers is promoting innovation.

<h3>What is a cost leadership strategy?</h3>

This is a cost strategy that relies on a firm's ability in using a lower costs of production to offer quality products at low prices.

These type of strategy is best achieved with an informal type of organizational structure & culture.

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2 years ago

Technology Corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash f

LUCKY_DIMON [66]

Answer:

B) IRR is 3%. Reject the project.

Explanation:

We can use an excel spreadsheet to calculate the internal rate of return (IRR) for this investment:

we can use the IRR function =IRR(values,[guess])

where:

value 1 = -238160
value 2 to 6 = 52000
guess = optional, not required

=IRR(-238160,52000,52000,52000,52000,52000) = 3%

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3 years ago

Archer Construction Company began work on a $420,000 construction contract in 2017. During 2017, Archer incurred costs of $278,0

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Answer:

This a loss making contract of $33,000

Explanation:

Under I.A.S 11, The following steps are followed

<em>Step 1 - Determine Expected Outcome of the Contract </em>

Project Value - 420,000

Cost to date - (278,000)

Cost to complete - (175,000)

Outcome of Contract is Loss of $33,000

<em>Step 2 - Determine the amounts to be recognized in Income Statement for Profit, Revenue and Cost .</em>

Cost to date - 278,000

Contract Loss (33,000)

Revenue (Balancing Amount = $245,000

<u>Journal Entries</u>

Dr Cost expended to date - 278,000

Cr Revenue to date - 245,000

Cr Loss 33,000

b) Percentage Completion Method

Stage of Completion % = (Costs incurred to Date / Total Contract Costs )*100

278,000/453,000 = 61.36%

Revenue recognizable = 61.36% * Contract Value = 257,712

Cost to date =................................................................. = 278,000

Loss to Date (balancing figure)................................... = 20,288

<u>Journal Entries</u>

Dr Cost expended to date - 278,000

Cr Revenue to date - 257,712

Cr Loss 20,288

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3 years ago