All categories

3 years ago

Which of the following statements is CORRECT?

Business

1 answer:

zheka24 [161]3 years ago

4 0

Answer:

The answer is: D) As they are generally defined, money market transactions involve debt securities with maturities of less than one year.

Explanation:

Money market transactions involve the trading of financial instruments with high liquidity and short-term maturities (usually less than one year). The financial instruments traded include; treasury bills (T Bills), commercial papers issued by companies and certificates of deposit (CDs).

You might be interested in

Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In

yawa3891 [41]

Answer: See explanation

Explanation:

1. The total, price, and quantity variances for materials will be:

Actual Production = 11250

Standard Quantity of Direct Material Required per unit = 8

Standard Quantity of Direct Material required (SQ) = 11250*l × 8 = 90000

Standard Price per Yard (SP) = 4.4

Actual Direct Material (AQ) = 90500

Actual Price per Pound (AP) = 4.15

Total Material Variance:

= (SP × SQ) - (AP × AQ)

= (4.40 × 90000) - (4.15 × 90500)

= 396000 - 375575

= 20425

Direct Material Price Variance:

= AQ × (SP - AP)

= 90500 × (4.40 - 4.15)

= 90500 × 0.25

= 22625 Favourable

Direct materials quantity variance:

= SP × (SQ - AQ)

= 4.40 × (90000 - 90500)

= 4.40 × -500

= -2200 Unfavourable

2. The total, price, and quantity variances for labor will be:

Actual Production = 11250

Standard Hours Required per unit = 1.2

Standard Hours required (SH) = 11250 × 1.20 = 13500

Standard Rate per Hour (SR) = 13.4

Actual Hours required (AH) = 14250

Actual Rate per Hour (AR) = 14.1

Total Labour Variance:

= (SR × SH) - (AR × AH)

= (13.40 × 13500) - (14.10 × 14250)

= 180900 - 200925

= -20025 Unfavourable

Dircet Labour RateVariance:

= AH × (SR - AR)

= 14250 × (13.40 - 14.10)

= 14250 × -0.7

= -9975 Unfavourable

Direct Labour efficiency variance:

= SR × (SH - AH)

= 13.40 × (13500 - 14250)

= 13.40 × -750

= -10050 Unfavourable

6 0

3 years ago

Write a two- to three-paragraph response discussing whether you think the patent system is useful and beneficial. Why do you thi

mihalych1998 [28]

Answer:

The answer is below

Explanation:

Patent is a term that describes a governmental grant or legal right to inventors of an intellectual property, to refrain or stop others from making, using, selling or importing their invention to and from other country.

Patent system is useful and beneficial because of the following reasons:

1. It allows an inventor the right to stop others from copying, manufacturing, selling or importing individual's invention without the person's permission. This will surely encourage invention from other people, which will lead to more technological advancement in the country.

2. It gives an inventor protection for a pre-determined period. This helps to refrain competitors from competing with the inventor, and in turn, leads to profit maximization for the inventor.

3. It also allows the inventor to license patent for others to use it or can sell. This can be considered as a great source of revenue for inventor's business, by collecting royalties from a patent they have licensed, often in a combination with a registered design and trade mark.

7 0

3 years ago

Turner Enterprises is analyzing a project that is expected to have annual cash flows of $77,400, $21,300 and -$6,200 for Years 1

pentagon [3]

Answer:

8.26%

Explanation:

Calculation to determine the modified IRR

First step is to calculate the Modified Year 2 cash flow

Modified Year 2 cash flow = $21,300 + (-$6,200)/1.11

Modified Year 2 cash flow= $15,714.41

Now let determine the Modified IRR

Modified IRR:$0 = -$84,900 + $77,400/(1 + IRR) + $15,714.41/(1+ IRR)^2

Modified IRR= 8.26%

Therefore the modified IRR is 8.26%

7 0

3 years ago

What is the most richest person on earth.

irinina [24]

Answer:

Jeff Bezos

Amazon founder and CEO Jeff Bezos has a net worth of $188.3 billion and ranks as the richest person on the earth today

Explanation:

3 0

3 years ago

Read 2 more answers

When coded in a WHERE clause, which search condition will return invoices when payment_date isn’t null and invoice_total is grea

tia_tia [17]

<u>Answer:</u>

Option d is the correct answer, i.e; payment_date IS NOT NULL AND invoice_total >= 500

<u>Explanation:</u>

When coded in a WHERE clause, which search condition will return invoices when payment date isn’t null and invoice total is greater than or equal to $500 then payment_date IS NOT NULL AND invoice_total >= 500 and the remaining options are wrong.

Therefore, the Option with, i.e; payment_date IS NOT NULL AND invoice_total >= 500 is the correct answer.

4 0

3 years ago