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3 years ago

A summary of the time tickets for the current month follows:

Business

1 answer:

tester [92]3 years ago

8 0

Answer and Explanation:

The journal entry to record the factory labor cost is shown below:

Work in progress ($2,060 + $1,710 + $3,130 + $3,520 + $2,150 + $1,410 + $9,540) $23,520

Factory Overhead $10,980

To wages payable $34,500

(to record the factory labor cost)

Here work in process and factory overhead is debited as it increased the assets and expenses and credited the wages payable as it also increased the liabilities

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The use of an organization's operational data as the source data for a bi system is not usually recommended because it ________.

lyudmila [28]

<span>The use of an organization's operational data as the source data for a bi system is not usually recommended because it requires considerable processing and can drastically reduce system performance.
BI system is business intelligence system. To making the better business </span>decision is the purpose of Business Intelligence system. there are many business intelligence tools to make it successful.

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4 years ago

The reserve requirement is 10%. Suppose that the Fed $ worth of U.S. government securities a bond dealer, electronically the

victus00 [196]

Answer:

D. The money supply decreases by $150,000.

Explanation:

Note: This question is not complete as some figures are omitted. The full question is therefore presented first before answering the question as follows:

The reserve requirement is 10%.

Suppose that the Fed sells $150,000 worth of U.S. government securities from a bond dealer, electronically debiting the dealer's deposit account at Reliable Bank.

Which of the following correctly describes the immediate effect of this transaction on the money supply?

A. The money supply decreases by $1,500,000

B. The money supply decreases by $135,000.

C. There is no change in the money supply.

D. The money supply decreases by $150,000.

E. None of the above.

The explanation to the answer is now provided as follows:

This is an example of Open market operations (OMO).

Open market operations (OMO) is a monetary policy strategy in which the central bank such as the Federal Reserve sells or purchases government securities in order to implement a particular monetary policy.

When the central bank sells government securities on the open market, it aims to reduce the money supply by the worth of the securities. This is called a contractionary monetary policy.

On the other hand, when the central bank purchases government securities on the open market, it aims to increase the money supply by the worh of the government securities. This is called an expansionary monetary policy.

From the question, the sale of $150,000 worth of U.S. government securities from a bond dealer is a contractionary monetary policy and it will reduce the money supply by exactly $150,000.

Therefore, the correct option is D. The money supply decreases by $150,000.

8 0

3 years ago

When a firm performs well, investors holding shares are______ willing to sell it and therefore, the demand for the stock _______

forsale [732]

When a firm performs well, investors holding shares are______ willing to sell it and therefore, the demand for the stock _______.<span>C. less; increases
</span>

6 0

4 years ago

Read 2 more answers

On July 1, 2014, Dillman Kennels sells equipment for $66,000. The equipment originally cost $180,000, had an estimated 5-year li

vodomira [7]

Answer:

(D) $6,000 gain; (C) $60,000 loss on disposal

Explanation:

In the first question,

Original cost = $180,000

Estimated useful life = 5 years

Expected salvage value = $30,000

Therefore, annual deprecation = (180,000-30,000)/5 = 150,000/5 = $30,000.

With an accumulated depreciation of $105,000 on January 1, 2014 and a sale of the equipment on July 1, 2014, we need to add to the accumulated depreciation the depreciation for the six month period from January 1 to July 1 to determine the accumulated depreciation up to the point of sale.

6 month depreciation = 1 year depreciation/2 = 30,000/2 = 15,000

Therefore, accumulated depreciation up to the point of sale = 105,000 + 15,000 = 120,000.

Therefore, net book value (NBV) at time of sale = original cost - accumulated depreciation

= 180,000 - 120,000 = 60,000.

Thus, given a sale value of 66,000, there gain/(loss) on sale = sale value - NBV = 66,000 - 60,000 = 6,000 gain.

In the Second Question,

Original cost = $225,000

Sale value = $75,000

Accumulated depreciation = $90,000 (up to the point of sale).

Therefore, NBV at the point of sale = original cost - accumulated depreciation = 225,000 - 90,000 = 135,000.

Thus, profit/(loss) on disposal = sale value - NBV = 75,000 - 135,000 = -60,000 = 60,000 loss on disposal.

4 0

3 years ago

Jenny wants to buy a laptop from the website of CloudTen Computers. Before confirming the purchase, the website asks her to prov

grandymaker [24]

The correct answer is B. e-Signature

It usually use to confirm one's identity through biometric measurements such as signature, fingerprint, iris, hand geometry, etc.

Usually being done to prevent security breach from malicious bots.

5 0

4 years ago