In a commercial bank's t-account, reserves and outstanding loans are recorded as assets.
In economic accounting, "reserve" usually has a credit balance and may talk over with part of shareholders' fairness, a liability for envisioned claims, or contra-asset for uncollectible debts. A reserve can seem in any part of shareholders' fairness besides for contributed or simple proportion capital.
Reserves are a part of income or gain that has been allotted for a selected reason. Reserves are usually installed to shop for fixed property, pay bonuses, pay an anticipated prison settlement, pay for upkeep & protection and pay off debt.
Reserves – additionally called retained income – are portions of a commercial enterprise's profits that have been set aside to strengthen the enterprise's economic function.
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Answer:
1. $590
2. $9.83
Explanation:
1.
Total Number of Direct Labor Hours:
= Total Labor Cost ÷ Labor Rate Per Hour
= 150 ÷ 15
= 10 Hours
Total Overheads:
= Total Number of Direct Labor Hours*Predetermined Overhead Rate
= 10 × 21
= 210
Total Manufacturing Cost = 230 + 150 + 210
= $590
2.
Average Cost:
= Total Manufacturing Cost ÷ Number of Units
= 590 ÷ 60
= $9.83
Answer:
The correct answer is letter "A": foreign aid supplied; be lower than the quantity of domestic aid demanded.
Explanation:
Foreign aid is the money transferred from one country to other(s) as a form of a gift so the other country can use it in different ways for development purposes. It is accurate that a country must focus on its domestic aid first to ensure its internal goals are met and its population is provided what they are in need of.
Answer: 44 times
Explanation:
Times interest earned ratio aims to show just how much the company is able to cover its interest obligations using its operating income.
Times interest earned ratio = Net income before interest / Interest expense
Net income before interest = Operating income loss on sale of capital assets
= 73,000 - 29,000
= $44,000
Times interest earned ratio = 44,000 / 1,000
= 44 times
Answer:
2 employees will be hires and net benefits will $25,426
Explanation:
I have attached an excel for perusal.
In it i have calculated the missing figures,but please note the formulas i have used as stated as below:
Total costs= Average costs* number employees
Total donations= average donations*number of employees
Average costs=total costs /number of employees
Average revenue =total donations /number of employees
Marginal cost=Total costs at higher range-Total costs at lower range/(Number of employees at higher range -Number of employees at lower range)
Marginal donations=Total donations at higher range-Total donations at lower range/(Number of employees at higher range -Number of employees at lower range)
