Answer:
Feb. 1 DR Cash $400,000
CR Tax anticipation notes $400,000
Dec 31 DR Expenditures - Interest $3,666.67
CR Accrued Interest Payable $3,666.67
Working
February to December = 11 months
Interest = 400,000 * 1.0% * 11/12 months = $3,666.67
April 1 DR Investments $100,000
CR Cash $100,000
Sept. 30 DR Cash $50,200
CR Investments $50,000
Interest Income $200
Working
Interest Income = 50,000 * 0.8% * 6/12 months
= $200
Answer:
B. work-in-process inventories.
Explanation:
Partially completed goods that are in the process of being converted into a finish product are defined as work-in-process inventories.
Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.
These category of products are only partially completed and as such are waiting for further processing, still undergoing fabrication or kept in a buffer storage.
The answer to the nation who is one with unstable leadership, whose policies are driven by ideology rather than by economic or human costs and benefits is the rogue nation. Also the rogue nation does not respect other nations and even the other countries in its international actions.
We are asked to solve for the excess reserves. There are given values such as:
Checkable deposits = $ 150,000,000
Total reserves = $12,000,000
Required reserve ratio = 8%
Solving for reserve amount, we have:
Reserve amount = 0.08 * $150,000,000 = $ 12,000,000
Solving for the excess:
Excess reserves = $ 12,000,000 - $12,000,000 = $0
The answer is $0.
Answer:
Used in determining whether or not a project is an acceptable capital investment
The difference between the present value of cash inflow and cash outflow of a project
Explanation:
Net present value of a project is an investment appraisal tool that is used in determining the value of all future cash flow that will be generated by a project in order to know the project with maximum profit even right from the onset.
The is done by discounting the present and the future cash flow to the present value and the differences highlighted.
One of the key purpose of the net present value of projects is that it points out whether a project will be an acceptable capital investment or not. When the net present value of cash inflow is greater than the cash outflow, it is indicates a profitable project and vice versa.
