Answer:
Interest rate spread will be 1.25 %
Explanation:
We have given a bank is earning 6 % on its $150 million earning assets
So interest earned = 6 %
Interest paid on liabilities = 4.75 %
We have to find the bank interest rate spread
We know that bank interest rate spread is given by
Interest rate spread = interest earned - interest paid on liabilities = 6 - 4.75 = 1.25 %
So interest rate spread will be 1.25 %
Answer:
If the rose bushes were not listed as an exclusion the Buyers have the right to cancel the agreement.
Explanation:
Based on the information provided within the question it can be said that the best scenario for this situation would be If the rose bushes were not listed as an exclusion the Buyers have the right to cancel the agreement. That is because they saw the bushes before making the purchase and if they were not added as an exclusion, meaning that they were not included with the house and would be removed, then they have a valid reason for cancelling.
Answer:
B) $2,86
Explanation:
Using the high-low method we will use the highest activity level and the lowest activity level to determine the variable and fixed portion of the costs.
Highest activity - Cost $ 14182 Hours - 4200
Lowest activity - Cost $ (8748) Hours - (2300)
Difference - $ 5434 1900
Now we determine the variable portion. 5434/1900 = 2,86
Thus the answer is B.
Answer:
okay lol
Explanation:
answer my newest question and i'll give it to you <3
It is given that the company failed to record $3,700 of insurance coverage that had expired and accrued salaries expense of $2,250. It means the company has failed to record the total expenses of (3700+2250) = $5,950. This understatement of the expenses shall result in an overstatement of the income in the Income statement. Further, it will also result in the overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250.
As a result of these two oversights, the financial statements for the reporting period will show overstatement of the income by $5,950 in the Income statement and overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250 in the balance sheet.
