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4 years ago

A large portion of any depositor's money is insured by the federal government in a bank or in a credit union.

Business

1 answer:

____ [38]4 years ago

6 0

If the bank or credit union is apart of the Federal Deposit Insurance Corporation then yes.

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Salsk061 [2.6K]

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4 years ago

Read 2 more answers

A 6-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacement

S_A_V [24]

Answer:

the journal entry to record the sale of 100,000 Protab packages:

Dr Cash 97,000,000

Cr Sales revenue 91,035,000

Cr Deferred revenue - discount option 4,792,000

Cr Deferred revenue - extended warranty 1,173,000

Explanation:

some information was missing:

Each Protab package costs $970

stand alone selling price of a Protab is $950

stand alone price of Probook coupon = ($625 x 40%) x 20% = $50

stand alone price of extended warranty coupon = ($85 - $50) x 35% = $12.25

item stand alone prices % of package price allocation of

transaction $

Protab $950 93.85% $910.35

Probook coupon $50 4.94% $47.92

Ext. warranty coup. $12.25 1.21% $11.73

total $1,012.25 100% $970.00

3 0

3 years ago

Mountain Made started the month with 3 quilts in its beginning inventory that cost $200 each. During the month, Mountain Made pu

Virty [35]

Answer:

Cost of Goods Sold for the month is $1656

Explanation:

Weighted Average Cost System calculates a new average for goods after each purchase.

Mountain Made Inventory Balance runs as follows:

At Beginning:

(3 quilts × $200) = $600

After Purchased of 7 additional quilts for $210 each:

(3 quilts × $200) + (7 quilts × $210) = $2070

New Inventory Cost = $2070/10quilts =$207 each

At end

2 quilts remained unsold. Therefore sold quilts were 8 ie (10quilts-2quilts)

Therefore cost of sold quilts is 8 × $207 = $1656

8 0

4 years ago

Certain balance sheet accounts of a foreign subsidiary of Rowan, Inc., at December 31, year 1, have been translated into US doll

Furkat [3]

Answer:

c) $475,000

Explanation:

All the assets and liabilities of foreign subsidiary are translated to the presentation currency of the parent company at the foreign exchange rate which exist on the last date of the year end. In this case Rowan, Inc., will be translating the balance sheet items of its foreign subsidiary at the current rates on December 31, Year 1 and based on this as mentioned in question the balance sheets amount to be included in Rowan Inc. will be amounting to $475,000

So the answer shall be c) $475,000

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4 years ago

Storm Corporation purchased a new machine on October 31, 2020. A $4,800 down payment was made and three monthly installments of

Alekssandra [29.7K]

Answer:

$47,200

Explanation:

The computation of the capitalized amount as a cost of machine is shown below:

= Cash price of new machine + monthly installment charges

= $46,400 + $800

= $47,200

Since we have to find out the capitalized amount so we consider the cash price and the monthly installment charges only

All other information which is given is not relevant. Hence, ignored it

4 0

3 years ago