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3 years ago

Financial markets pay close attention to changes in the federal funds rate because these changes:

1 answer:

8 0

Financial markets give careful consideration to changes in the government reserve's rate in light of the fact that these progressions .show the Fed's arrangements for money related strategy. Financial markets is a market in which individuals exchange monetary securities, products, and other fungible things of significant worth at low exchange costs and at costs that reflect free market activity.

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jacob owns a policy that pays a death benefit only if he dies within the 20-year policy period. if jacob dies anytime that the p

galina1969 [7]

Jacob owns a policy that pays a death benefit only if he dies within the 20-year policy period. if jacob dies anytime that the policy is in force, his beneficiary will receive $100,000. the premium that jacob pays for this policy will be the same throughout the 20-year policy period. jacob owns A level term policy.

A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts policies. Both subjective and objective decision-making can benefit from policies.

A government or other institution's policy may be a legislation, rule, process, administrative decision, inducement, or voluntary practice. Resource allocations frequently reflect policy decisions. Policies in many different industries can affect health.

Learn more about policy here

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5 0

2 years ago

Record the following process costing transactions in the general journal:

Ne4ueva [31]

Answer:

Raw Materials $9,300 (debit)

Account Payable $9,300 (credit)

Assembly Department $4,300 (debit)

Finishing Department $2,400 (debit)

Raw Materials $6,700 (credit)

WIP Inventory-Assembly $10,500 (debit)

Cash $10,500 (credit)

Overheads $12,100 (debit)

Property taxes-plant: Payable $1, 800 (credit)

Utilities-plant : Payable $4, 800 (credit)

Insurance-plant : Payable, $1, 700 (credit)

Provision for Depreciation-plant, $3, 800 (credit)

Work In Process - Assembly Department $7,600 (debit)

Direct labor, $5, 000 (credit)

Manufacturing overhead, $2, 600 (credit)

Work In Process - Finishing Department $11,300 (debit)

Direct labor, $4,700 (credit)

Manufacturing overhead, $6,600 (credit)

Finishing Department, $10,500 (debit)

Assembly Department $10,500 (credit)

Finished Goods Inventory $15,600 (debit)

Finishing Department $15,600 (credit)

Explanation:

Manufacturing costs accumulate in the Work In Process Account of their respective departments.

When goods are transferred out of the Assembly Department to the Finishing Department, de-recognize the cost from Assembly Department (credit) and recognized the cost in Finishing Department (debit).

When cost of goods completed are transferred out of the Finishing Department into Finished Goods Inventory, we de-recognize the cost from Finishing Department and recognize it in the Finished Goods Inventory.

5 0

3 years ago

What term can be used to describe the situation where your fixed and variable expenses are higher than your net income.(1 point)

Pepsi [2]

The term that describes the situation where fixed and variable expenses are higher than net income is D. dissaving.

Dissaving happens when an individual is spending from either previous savings or borrowing to fund current expenses.

Dissaving is commoner with retirees than those currently employed. But it can also happen to currently-employed persons, whose expenses are more than their incomes. They should find strategies to stop the negative saving. Otherwise, their debts may be overbearing in future.

Thus, dissaving means negative saving or spending more than income.

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8 0

2 years ago

Q1. Big Money Monster is a business school. The school bases its budgets on two measures of activity: number of students and num

maxonik [38]

Answer:

Big Money Monster

The spending variance for course supplies is:

$50 Unfavorable.

Explanation:

a) Data and Calculations:

Fixed cost Variable cost Variable cost Total

per month per student per course

Faculty wages $4,000 $0 $20

Course supplies $1,000 $10 $50

Administrative expenses $2,000 $20 $30

Budgeted number of students = 300

Budgeted number of courses = 15

Actual number of students = 280

Actual number of courses = 18

Actual Faculty wages = $4,200

Actual Course supplies = $4,800

Budgeted Costs:

Fixed cost Variable cost Variable cost Total

per month per student per course

Faculty wages $4,000 $0 $20 $4,300

Course supplies $1,000 $10 $50 4,750

Administrative expenses $2,000 $20 $30 8,450

Budgeted costs:

Faculty wages = $4,000 + $0 + $20 * 15 = $4,300

Course supplies = $1,000 + $10 * 300 + $50 * 15 = $4,750

Administrative expenses = $2,000 + $20 * 300 + $30 * 15 = $8,450

Budgeted Cost of Course Supplies = $4,750

Actual Cost of Course Supplies = 4,800

Spending variance for Course Supplies = 50 Unfavorable

4 0

3 years ago

Jack corp. Has a profit margin of 5.1 percent, total asset turnover of 2.3, and roe of 19.64 percent. What is this firm's debt-e

anygoal [31]

Answer: Jack Corp's D/E ratio is 0.67.

We follow these steps to arrive at the answer:

We begin with the DuPont Identity for Return on Equity (RoE)

$RoE = Net Profit Margin * Asset turnover Ratio * Equity Multiplier$

Substituting the values from the question in the DuPont identity we get,

$0.1964 = 0.051 * 2.3 * Equity Multiplier$

$Equity Multiplier = \frac{0.1964}{0.051*2.3}$

$Equity Multiplier = 1.674339301
$

$Equity Multiplier = \frac{Total Assets }{Equity}$

So,

$\frac{1}{Equity multiplier} =\frac{Equity}{Total Assets}$

Substituting the value of equity multiplier in the formula above we get,

$\frac{Equity}{Total Assets} = 0.597250509$

Now,

$\frac{Equity}{Total Assets} + \frac{Debt}{Total Assets} =1$

So,

$\frac{Debt }{Total Assets} = 1 - \frac{Equity}{Total Assets}$

$\frac{Debt }{Total Assets} = 1 - 0.597250509
$

$\frac{Debt }{Total Assets} = 0.402749491
$

Now that we have the proportions of debt and equity to total assets, we can find the Debt Equity (D/E) ratio as follows:

$\frac{D}{E} = \frac{\frac{Debt}{Total Assets}}{\frac{Equity}{Total Assets}}$

Substituting the values we get,

$\frac{D}{E} = \frac{0.402749491
}{0.597250509
}$

$\frac{D}{E} = 0.674339301
$

3 0

3 years ago