For each statement, identify the appropriateness of the behavior when it comes to preparation.

eserve deposits are A. liabilities for both financial institutions and the Fed. B. assets for both financial institutions and th

stealth61 [152]

Answer: Option C

Explanation: In simple words, reserve deposits refers to the amount of deposits that the american banks that deals with the public has placed with the federal bank of America.

Thus, the funds are actually owned by the banks but are deposited to the central bank.

Thus, we can conclude that the correct option is C.

7 0

4 years ago

_____ is an example of a benefit that is legally required and hence not optional.

Serjik [45]

The answer is unemployment insurance. The unemployment insurance is a type of insurance in which are deemed to be legal and a way of serving as a benefit for unemployed people who has lost the jobs that they used to have.

6 0

3 years ago

1. Determine the price of the bonds issued on February 1, 2021. 2-a. Prepare amortization schedules that indicate Cromley’s effe

larisa [96]

Answer:

The question is missing the first part:

On February 1, 2021, Cromley Motor Products issued 6% bonds, dated February 1, with a face amount of $65 million. The bonds mature on January 31, 2025 (4 years). The market yield for bonds of similar risk and maturity was 8%. Interest is paid semiannually on July 31 and January 31. Barnwell Industries acquired $65,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31.

1. Determine the price of the bonds issued on February 1, 2021.

the market value of each bond:

PV of face value = $1,000 / (1 + 4%)⁸ = $730.69
PV of coupon payments = $30 x 6.7327 (PV annuity factor, 4%, 8 periods) = $201.98

market price per bond = $932.67

2-a. I used an excel spreadsheet since there is not enough room here: Cromley Motors PDF

2-b. Again I used an excel spreadsheet since there is not enough room here:

3. February 1, 2021, bonds issued at a discount

Dr Cash 60,623,550

Dr Discount on bonds payable 4,376,450

Cr Bonds payable 65,000,000

4. Cromley's records:

July 31, 2021, first coupon payment

Dr Interest expense 2,424,942

Cr Cash 1,950,000

Cr Discount on bonds payable 474,942

January 31, 2022, second coupon payment

Dr Interest expense 2,443,940

Cr Cash 1,950,000

Cr Discount on bonds payable 493,940

July 31, 2022, third coupon payment

Dr Interest expense 2,463,697

Cr Cash 1,950,000

Cr Discount on bonds payable 513,697

January 31, 2023, fourth coupon payment

Dr Interest expense 2,484,245

Cr Cash 1,950,000

Cr Discount on bonds payable 534,245

Barnwell's records:

July 31, 2021, first coupon payment

Dr Cash 1,950

Dr Discount on bonds payable 2,425

Cr Interest revenue 475

January 31, 2022, second coupon payment

Dr Cash 1,950

Dr Discount on bonds payable 494

Cr Interest revenue 2,444

July 31, 2022, third coupon payment

Dr Cash 1,950

Dr Discount on bonds payable 514

Cr Interest revenue 2,464

January 31, 2023, fourth coupon payment

Dr Cash 1,950

Dr Discount on bonds payable 556

Cr Interest revenue 2,484

Download pdf

8 0

3 years ago

Roberta is a customer service representative at a car rental company. Read the passage. Which actions might lead to increased cu

pochemuha

Answer:

Training

Explanation:

Learning within a workgroup is the only way to improve performance. An outstanding representative as Roberta needs to transfer her skills to the rest of the team. One strategy to accomplish that is naming her as responsible for on-board training for the new teamates.

Another strategy is to use surveys after the calls to know what are the opinions of clients regarding services. It allows to identify improvement opportunities.

3 0

4 years ago

Many accounting professionals are skilled in financial analysis, but most are not skilled in manufacturing. This is especially t

Pavel [41]

Answer:

Explanation:

The business impact analysis is the primary input to the business continuity plan. However, prior to doing this, you need to develop a list which ranks the key business processes of your business, that is, the processes that are essential to the delivery of outputs and achieving business objectives.[1]

This task is best undertaken with a structured approach and essentially requires you to:[2]

establish key business processes;

Rank key business processes

Map activities undertaken within each process; and

Match resources to activities

Establish key business processes

As mentioned previously, it is crucial that the person developing the business continuity plan has full and clear understanding of your business' objectives and key processes. Your business plan is a great reference as it should already detail your business objectives and assessments of strategic and operational risks.

Rank key business processes

After the key business processes have been identified, you will need to rank them in order of their importance to achieving your business' objectives and delivering outputs When doing this process, you may want to consider the following issues:[3]

failure to meet statutory obligations for service delivery;

failure to meet key stakeholder expectations;

loss of cash flows essential to business operations; and

degree of dependency on business processes by internal business units or clients

Determine activities that constitute each process

The business activities supporting key business processes then need to be identified. These are the activities that produce an output from the key business process. These may be the activities of a single operational area in your business the organisation, or may be the activities of a number of operational areas, which combine to produce the output.[4]

Once again, a thorough understanding of activities is essential to identify such inter-dependencies. Some activities may rely on the outputs from other activities from within the organisation, or even from outside the organisation. For example, e-business solutions rely not only on the internal network but also on the internet service provider.

Match resources to activities

The final step in the BIA, is determining the resources necessary for delivery of the key business processes. Without these resources, the business processes would not achieve their goals. Some resources to consider are:

People - both the organisation's staff and people external to the organisation which may be critical to the success of the activity;

Infrastructure - buildings and other property used by the organisation to deliver its services and produce its outputs;

Assets and supplies - equipment and consumables which are used by the people and the processes as part of the activity; and

Finance - some activities require money to be available to make payments on time.

8 0

3 years ago