Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
First Select Investors
Explanation:
With timely notice to the proper parties, Global Bank may collect payment on the note from First Select Investors.
Although Charlton is the maker of the $200,000 promissory note payable, and was directly issued to Development & Sales Corporation, the party that issued it to Global Bank is First Select Investors.
Hence, Global Bank has direct link to First Select Investors and will notify the later about payment of their account receivable.
Answer: a)$18,000 and b)$200,000
Explanation:
a) Deposit = $20,000
Reserve=10%
=10%x20,000 =$2,000
Loan - Deposit = 20,000-2,000 = 18,000
b) 1/Req. Rate Return* loan amount
20,000/10% =$200,000
This encourages spending so there is a shift up and to the right.
As the government increases spending, demand for loans increases and therefore increases the interest rates.
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Answer:
(D) $48 per machine hour
Explanation:
The predetermined overhead rate is given by total estimated overhead divided by the total estimated machine hours
Total estimated overhead = $7,584,000
Total estimated machine hours = 158,000 hours
Predetermined rate = $7,584,000 ÷ 158,000 hours = $48 per machine hour
As prosperity and economic development rise, individualism increases as well.
Individualism refers to the freedom of someones actions. If the economy is doing well and someone has more money, they are more likely to spend their money freely. The person has moral worth as an individual.
