All categories

3 years ago

How Central Bank control the activities of the Commercial Bank?

1 answer:

7 0

The Central Bank is the "banker" to banks, government, and financial institution, where the Commercial Bank is the "banker" to the citizens. The Central Bank is the monetary authority of the country. The Central Bank does not deal with the general public, but Commercial Bank does

You might be interested in

Why might a person assume the Mr. White could be doing well financially

defon

$\huge\color{purple}{\mathbb{ANSWER:}}$

Mr. White was the third and final owner of the talisman in W. W. Jacobs' short story "The Monkey's Paw." He plucked it from the fireplace when the previous owner, Sergeant Major Morris, tossed it there to burn and end the chain of misfortune that came with it. He is motivated mostly by curiosity, since he seems happy with his life and is financially secure.

Mr. White took the paw from his pocket and eyed it dubiously. "I don't know what to wish for, and that's a fact," he said slowly. "It seems to me I've got all I want."

<h2>Hope it helps!! </h2>

4 0

3 years ago

MC Qu. 84 Two investment centers... Two investment centers at Marshman Corporation have the following current-year income and as

dusya [7]

Answer:

The correct answer is 11.28%

Explanation:

Solution

Recall that:

Investment center A Investment center B

Investment center income $ 530,000 $ 640,000

Investment center average

invested assets $ 4,700,000 $ 3,100,000

Now,

We calculate for return on investment (ROI) for Investment Center A

The ROI A=Investment center income/Average invested assets which is

= (530000/4,700,000)

=11.28%

8 0

3 years ago

In 2018, preferred shareholders elected to convert 4.58 million shares of preferred stock ($39 million book value) into common s

In-s [12.5K]

Answer:

The answer is given below;

Explanation:

Preferred Stock Dr.$39,000,000

Common Stock Cr.$33,000,000

Paid in capital in excess of par-Common stock (39,000,000-33,000,000) Cr.$6,000,000

As the book value of preferred stock is greater than the price paid at the time of conversion into common stock,therefore excess amount is paid in capital in excess of par for common stocks.As the preferred stock is reduced by their book value,therefore it is debited and common stock is credited with its cost.

5 0

3 years ago

Bargain Central Furniture, Inc., completed the following treasury stock transactions:

Genrish500 [490]

Answer:

Bargain Central Furniture, Inc.

R1) Journal entries:

a) Debit Treasury Stock with $1,300

Debit Additional Paid-in Capital with $6,500

Credit Cash Account with $7,800

To record purchase of 1,300 shares of common stock, $1 par at $6 per share.

b) Debit Cash Account with $6,300

Credit Treasury Stock with $700

Credit Additional Paid-in Capital with $5,600

To record resale of 700 shares for $9 per share.

R2) Bargain Central Furniture, Inc.

Balance Sheet as at December 31, 2010:

Treasury Stock $600 ($1,300 - $700)

Explanation:

Treasury Stock is a contra account to the Common Stock. It represents the shares of common stock repurchased. Two methods are prevalent in reporting transactions in treasury stock. They are the the cost method, which reports all treasury stock transactions in the Treasury Stock account.

The other method is the par value method. This method reports only the par value transactions of treasury stock in the Treasury Stock account. The above or below par value aspects of each transaction is then taken to the Additional Paid-in Capital account.

8 0

3 years ago

Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u

Crazy boy [7]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the allocation rates:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Production setups= (73,000 / 30)= $2,433.33 per setup

Material handling= (49,000 / 91)= $538.46 per number of part

Packaging costs= (246,000 / 156,000)= $1.58 per unit

<u>Now, we need to allocate costs to Product XY:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Production setups= 2,433.33*18= 43,799.94

Material handling= 538.46*23= 12,384.58

Packaging costs= 1.58*60,000= $94,800

Total allocated costs= $150,984.52

<u>Finally, per unit basis:</u>

Unitary cost= 150,984.52 /60,000= $0.27

8 0

3 years ago