Answer: 920
Explanation:
Since the transaction took place in November, we should note that revenue should be recognized for 2 months by Taylor.
The amount that Taylor should recognize as revenue in 2018 will be:
= 5520/12 × 2
= 460 × 2
= 920
Answer:
Unitary variable cost= $1.72
Explanation:
Giving the following information:
Mcleod, Inc. incurred fixed costs of $400,000.
Total costs= $450,000
Units produced= 59,000
First, we need to calculate the total variable cost:
Total variable cost= total cost - total fixed cost
Total variable cost= 450,000 - 400,000
Total variable cost= 50,000
Now, the unitary variable cost:
unitary variable cost= 50,000/29,000
unitary variable cost= $1.72
Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single <u>lend out or invest.</u>
<h3>What is
commercial banking ?</h3>
A financial institution that accepts deposits, provides checking account services, makes different loans, and provides fundamental financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses is referred to as a "commercial bank." Most people conduct their financial business at commercial banks.
Commercial banks generate revenue through making loans, including mortgages, vehicle loans, business loans, and personal loans, and charging interest on those loans. The money needed to fund these loans is provided by customer deposits to banks.
- Commercial banks provide basic banking services, such as deposit accounts and loans, to individuals and small to medium-sized businesses.
- Commercial banks profit from a range of fees as well as from the interest they get on loans.
To learn more about commercial banking from the given link:
brainly.com/question/27793323
#SPJ4
Answer: The answer is b $534,400
Explanation:
$
Net income. 330,000
Depreciation expense. 46,500
Increase in prepaid insurance. 3,900
Changes in operating Asset and Liabilities
Decrease in inventory. 34,500
Increase in Account Receivable. 63,000
Increase in salaries payable. 56,500
-----------------------
Net operating cash flow. 534,400
------------------------
Answer:
$12,350
Explanation:
The operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
where,
EBIT = Sales - cost of good sold - depreciation expense
= $39,050 - $22,700 - $2,275
= $14,075
And all other items would remain same
Now put these values to the above formula
So, the value would equal to
= $14,075 + $2,275 - $4,000
= $12,350
