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3 years ago

What is a bank? Edge

Business

2 answers:

Andre45 [30]3 years ago

5 0

Answer:

A US banking entity, owned by a state or nationallychartered BANK, with an international business scope. Edge Act banks are authorized to operate interstate branches, accept DEPOSITS from offshore sources, invest in foreign securities and projects, and grant foreign LOANS.

Explanation:

pls mark as brainlist

VikaD [51]3 years ago

4 0

Answer:

Banking Edge or Agreement Corporation, which is directly under control of a U.S. member bank or bank holding company, can receive deposits (without Federal Deposit Insurance Corporation coverage) from, and make loans to, companies engaging in international business. This structure allows foreign branches of U.S. banks.

Explanation:

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The replacement cost of an inventory item is below the net realizable value and above the net realizable value less the normal p

Andrews [41]

Answer:

D. Replacement cost.

Explanation:

As we know that the inventory should be recorded at the cost or market value whichever is lower

Given that

Original cost is less than the net realizable value subtract the profit margin

So we assume the following figures

Original cost $10

Net realizable value 9

Replacement cost 8

NRV less normal profit margin 7

As if we compare the original cost and replacement cost so the lower value is of replacement cost

hence, the same is to be considered

Therefore the correct option is D.

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3 years ago

This information relates to Wildhorse Co..

noname [10]

Answer:

Wildhorse Co.’s books

Perpetual Inventory System

Date Account Dr. Cr

5 April Merchandise Inventory $28,200

Accounts/ Notes Payable $28200

Purchased merchandise from Carla Vista Company for $28,200, terms 2/10, n/30.

6 April Freight Charges $ 710

Cash $ 710

Paid freight costs of $710

7 April Equipment $ 33200

Accounts Payable $ 33,200

Purchased equipment on account for $33,200.

8 April Accounts Payable $3800

Merchandise Inventory $ 3800

Returned $3,800 of April 5 merchandise

15 April Accounts Payable $ 24,400

Purchases Discount 488

Cash $ 23,912

Paid the amount due ($28,200- $3800= $24,400)

2% of $ 24,400= $ 488

b. Payment of balance due on May 4 instead of Apr 5

4 May Accounts Payable $ 24,400

Cash $ 24,400

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3 years ago

A shift from labor to equipment is:

leva [86]

Answer:

In summary, labor supply is the total hours that workers or employees are willing to work at a given wage rate. Changes in income, population, work-leisure preference, prices of related goods and services, and expectations about the future can all cause the labor supply to shift to the right or left.

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3 years ago

Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs a

KiRa [710]

Answer:

$8.20/Direct Labor hours

Explanation:

Cost of performing engine repair work = Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies

Cost of performing engine repair work = $40,000 + $133,000 + $22,000 + $10,000

Cost of performing engine repair work = $205,000

Direct Labor Hours = Direct Labor/Direct Labor rate

Direct Labor Hours = 500,000/$20 per hour

Direct Labor Hours = 25,000 hours

Predetermined shop overhead rate per direct labor hour = $205,000 / 25,000 Hours = $8.20/Direct Labor hours

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3 years ago

Kaplan, Inc. produces flash drives for computers, which it sells for $27 each. The variable cost to make each flash drive is $13

notka56 [123]

Answer:

Break even sales will be $2700

So option (b) will be correct option

Explanation:

We have given fixed cost = $1400

Sells per unit = $27 each

And variable cost per unit = $13 each

So contribution margin ratio $=\frac{sales\ per\ unit-variable\ cost\ perunit}{sales\ per\ unit}=\frac{27-13}{27}=0.5185$

We know that break even sales is given by

Break even sales $=\frac{fixed\ cost}{contribution\ margin\ ratio}=\frac{1400}{0.5185}=$2700$

So option (b) will be correct answer

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3 years ago