Answer: Liquidity in the banking system is increased
Explanation:
The Federal Funds rate is the interest rate at which commercial banks are allowed to lend each other their excess reserves overnight to meet reserve requirements.
If this rate were to be reduced, it would make lending cheaper between banks who would then take advantage of this to borrow more occasionally. This will then translate to a higher liquidity amongst the banks.
Credit side of a the balance of revenue account is transferred
Six
sigma is a philosophy and set of methods companies use to eliminate defects in
their products and processes<span>.
It also seeks to reduce variation in the processes that
lead to product defects. It measures quality,
process for Continuous Improvement and enabler for culture
change so culturally six sigma means companies must learn how to be nearly
flawless in executing key processes and achieving business imperatives. Quantitatively six sigma means the average process generates no
more than 3.4 defects per million. Therefore, based on the figures given above
the defects per million opportunities (DPMO) is 15, 333 and the defective rate
us 1.533% and the passed rate is 98.467%.</span>
<span>The opportunity cost per week to attend class is forty four dollars. Ten dollars per hour while you are attending class. If you were not attending class, you could be working. Ten dollars for the drive to school and four dollars for the gas.</span>
Answer: they will report an interest expense of $150000 in December 2020
Explanation:
firstly we calculate how much interest will be accumulated for the whole year so we are given a $5 million Dollar purchase which is the amount that will accumulate interest over time, then we have been told the company ha issued a 1 year installment note therefore we have a time frame.
so now we will calculate the yearly interest of $5 million :
$5 000000x12% = $600000 so the company will accumulate this interest yearly then we divide this amount by 12 to get the monthly interest.
$600000/12 = $ 50000 per month interest thereafter we will multiply the monthly interest of $50000 by 3 months which is months from October to December.
therefore the interest expense to be reported on the December 2020 income statement is $50000 x 3= $150000
