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3 years ago

Off-balance sheet activities involving guarantees of securities and back-up

Business

1 answer:

elena-14-01-66 [18.8K]3 years ago

6 0

Answer:

B) increase the risk a bank faces.

Explanation:

Off-balance sheet activities include all the bank's activities regarding assets, debts or other financing activities that are not presented in the bank's balance sheet, e.g. issuance of guarantees, commitments to make loans, etc.

Banks incur in this type of activities because generally they charge fees for them (increase revenue) without affecting measures of indebtedness like debt to equity ratio.

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Which three statements help define a Market/Fit Hypothesis? (Choose three)

mel-nik [20]

Explanation:

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2 years ago

Compute conversion costs given the following data: Direct Materials, $386,100; Direct Labor, $200,100; Factory Overhead, $220,30

zloy xaker [14]

Answer:

Option (A) is correct.

Explanation:

Given that,

Direct Materials = $386,100

Direct Labor = $200,100

Factory Overhead = $220,300 and,

Selling Expenses = $39,500

Conversion costs = Direct labor + factory overhead

= $200,100 + $220,300

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4 years ago

The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was overstated by $33,000. 2. 2013

timofeeve [1]

Answer:

2013: $490,000 2012: $561,000

Question:

Errors in inventory count the following information was taken from the record of Spencer Enterprises

2013 2012

Beginning Inventory $63,000 $83,000

Cost of goods purchased $548,000 $508,000

Cost of goods available for sale $611,000 $591,000

Ending inventory $93,000 $63,000

Cost of goods sold $518,000 $528,000

The following two errors were made in the physical inventory counts:

1. 2012 ending inventory was overstated by $33,000

2. 2013 ending inventory was understated by $28,000.

Compute the correct cost of goods sold for both 2012 and 2013.

Explanation:

Computation of cost of goods sold for the year 2016 and 2015

Particulars 2013 2012

Beginning inventory $63,000 $83,000

Cost of goods purchased $548,000 $508,000

Cost of goods available for sale $611,000 $591,000

Ending inventory (corrected) $121,000 $30,000

Cost of goods sold (corrected) $490,000 $561,000.

note:

In 2013 new ending inventory = $93,000 + $28,000 = $121,000

In 2012 new ending inventory = $63,000 - $33,000 = $30,000

Beginning inventory + Cost of goods purchased = Cost of goods available for sale

Cost of goods available for sale - Ending inventory = Cost of goods sold

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3 years ago

Two twelve-year-old boys were seriously injured when riding on a go-kart. The boys were riding on public streets, ran a stop sig

podryga [215]

Answer:

Disobedience of the law or it may be ignorance

Explanation:

It may be that the kids didnt see the sign or it might be ignorance

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4 years ago

Why is it important to understand the purpose of a document?

Gala2k [10]

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Explanation:

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3 years ago

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