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3 years ago

The fed is often considered the bankers' bank because it:

1 answer:

3 0

Hello there,
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First of all this is a easy one! The "Federal Reserve" is considered the bankers' bank because it <span>holds bankers reserves, provides banks with currency and loans, and clears their checks. Therefore cannot be touched by civilians / citizens.
[]_________________________________________________________[]

Hope I was able to help!
[Mark Brainliest] - Certified Correct?</span>

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Your corporation has the following cash flows: Operating income $250,000 Interest received $ 10,000 Interest paid $ 45,000 Divid

masha68 [24]

Answer: $88,400

Explanation:

My corporation Plc

Corporate tax for the year

Operating incom $250,000

Interest received $10,000

Interest paid ($45,000)

Dividends received $6,000

Taxable income $221,000

Since the tax rate is 40%

Tax= 0.4x($221,000) = $88,400.

NOTES

Taxable income is (250000+10000+6000-45000)

Interest paid is in bracket because it's a deduction.

70% of dividends received is excepted from tax

0.3x20000=$6000

Dividends paid out is after tax has been deducted.

8 0

3 years ago

Who stated in the 1800s that matter is made of tiny particles called atoms that are indivisible. He thought they were solid litt

Wittaler [7]

Democritus is the right answer

4 0

3 years ago

Read 2 more answers

Kegler Bowling buys scorekeeping equipment with an invoice cost of $185,000. The electrical work required for the installation c

QveST [7]

Answer:

The total recorded cost of score-keeping equipment is $$221,610

Explanation:

The cost of score-keeping equipment comprises of the invoice cost of the equipment,installation costs,delivery and sales tax incurred on the purchase since the sales tax is not recoverable from relevant tax authority

The cost of equipment is computed thus:

Invoice price $185,000

Installation cost $19,425

Delivery costs $3,885

Sales tax $13,300

Total cost $221,610

The repair cost is not included as it is expected to expensed as incurred by recognizing it in income statement

7 0

3 years ago

Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity

laiz [17]

Answer:

Direct materials quantity variance = 5800 Unfavorable

so correct option is $5,800 unfavorable

Explanation:

given data

Direct materials standard 6 lbs. @ $2/lb. = $12 per finished unit

Actual direct materials = 230,900 lbs

Actual finished units produced = 38,000 units

Actual cost of direct materials = $459,390

to find out

Direct materials quantity variance

solution

we get here Direct materials quantity variance that is express as

Direct materials quantity variance = ( Actual Quantity - Standard Quantity) × Standard Price ........................1

we know here Actual Quantity is 230,900 lbs

and Standard Quantity is = Actual finished units produced × Direct materials standard quantity per unit

Standard Quantity = 38000 × 6

Standard Quantity = 228000 lbs and here Standard Price is $2 per lb

so put here value in equation 1 , we get

Direct materials quantity variance = (230900 - 228000) × $2

Direct materials quantity variance = 5800 Unfavorable

so correct option is $5,800 unfavorable

3 0

4 years ago

In a make-or-buy decision, which costs can be considered relevant? Unavoidable variable costs, incremental fixed costs, and sunk

Veronika [31]

Answer:

Incremental variable costs, incremental fixed costs, and opportunity costs

Explanation:

Unavoidable Variable costs can not be considered because they cannot be avoided and will be incurred even if the decision is taken or not.

unavoidable fixed costs can not be considered because they cannot be avoided and will be incurred even if the decision is taken or not.

sunk costs can not be considered because they have already been incurred.

8 0

3 years ago