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3 years ago

Banks channel money from savers to borrowers to _____. investors scarce resources the government

Business

1 answer:

cluponka [151]3 years ago

8 0

Answer:

Investors

Explanation:

Investor is the term which is defined as the person or an individual who allocated the capital or the fund with the expectation for gaining an advantage or the financial return in future.

The investor is someone who provides the business with the capital or funds and someone who bought the stock. Under this situation, the banks are those who channels the money from the savers to borrowers to the investors.

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When preparing the statement of owner's equity, the beginning capital balance can always be found a.on the statement of cash flo

Paladinen [302]

When preparing the statement of owner's equity, the beginning capital balance can always be found in the general ledger.

A general ledger is a book keeping ledger which shows the set of numbered accounts a business uses to keep track of its financial transactions and to prepare financial reports.
Each account is a unique record summarizing a specific type of asset, liability, equity, revenue or expense.
The general ledger consists of all the individual accounts needed to record the assets, liabilities, equity, revenue, expense, gain, and loss transactions of a business. In most cases, detailed transactions are recorded directly in these general ledger accounts.
It helps you look at the bigger picture. Accounts including assets (fixed and current), liabilities, revenues, expenses, gains, and losses.

Thus the correct answer is option D.

To learn more about general ledger, refer: brainly.com/question/1436327

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6 0

2 years ago

Commodity futures contracts can be bought and sold on the open market for which reason

timama [110]

Answer:

Futures contracts are derivatives. Their price is derived from one or more underlying assets. Due to their nature as commodities, a buyer can agree to purchase at a predetermined price; and a seller can agree to sell that quantity at the agreed-upon price.

7 0

3 years ago

Use the following data to determine the total amount of working capital.

Leokris [45]

Answer:

$353,800

Explanation:

Working Capital = Current Assets - Current Liabilities

where,

CA = $146000 + $189000 + $155000 + $94800 = $584,800

CL = $206000 + $25000 = $231,000

therefore,

Working Capital = $584,800 - $231,000 = $353,800

6 0

3 years ago

Gross earnings are the same as

attashe74 [19]

Gross income. they are incomes before taxes or adjustments

6 0

3 years ago

Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has alw

svetoff [14.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated Value Actual Value

Manufacturing overhead cost $732,000 $842,000

Direct labor hours 14,640 hours 16,600 hours

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 732,000 / 14,640

Predetermined manufacturing overhead rate= $50 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 50*16,600

Allocated MOH= $830,000

Finally, the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 842,000 - 830,000

Underapplied overhead= $12,000

8 0

3 years ago