Answer:
Correct option is B Yes and Yes
Yes - Compensating shall be reported, And Restricted shall also be reported.
Explanation:
Compensating balance is the minimum balance to be maintained in the company's bank account as this is used by bank for offsetting loan, and used by company to set up the loan amount.
Restricted balance is a choice made by the company to not use the funds and use it later for company's growth or future projected, but still since it cannot be used it shall also be reported accordingly.
Therefore the company has the need to report such restricted balance also and compensating balance has to be reported as well.
Therefore correct option is B
Yes - Compensating shall be reported, And Restricted shall also be reported.
Answer:
The amount of the gift is 566,371.6814
Explanation:
Average rate of return = Average net profit / average investment
Average rate of return = 5.65% (5.65/100 = 0.0565)
average net profit = 32000
average investment = unknown
to calculate the amount of the gift which is investment in this case the same formula for Average rate of return will be used i.e
Average rate of return = Average net profit / average investment
0.0565 = 32, 000/ x
cross multiply
0.0565 x = 32,000
divide both sides by 0.0565
x = 32,000/0.0565
32,000/ 0.0565 = x
x = 566,371.6814
The amount of the gift is 566,371.6814
Answer:
= $62 billion
Explanation:
Since the country started year 1 with no public debt,
The country's debt at the end of year 5 = $50 (deficit year 2) + $30 (deficit year 3) - $20 (surplus year 4, negative deficit) + $2 (deficit year 5)).
= $62 billion
The country's debt at the end of year 5 = $62 billion
Public debt is the sum of deficits and surpluses (negative deficits) over time.
Answer:
Debit : Cash $22,950
Credit : Common Stock $22,950
Explanation:
When shares were held sorely for investment, on date of sale, we simply record the cash proceeds and no gain on sale of shares is recognized.
Therefore, Cash Proceeds = $51 x 450 shares = $22,950
Answer:
330 units are the economic order quantity
Explanation:
Here
Annual Demand = D = 11,700 Units
Ordering cost per purchase order = S = $44.25
Holding cost = H = $9.5
Economic order quantity = √(2SD/H)
Economic order quantity = √(2* $44.25 * 11,700 units/ $9.5 per unit per year)
Economic order quantity = 330 units