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3 years ago

Personal finance please help

Business

1 answer:

svlad2 [7]3 years ago

3 0

Monetary Policy = Federal government's way to influence the economy though taxes. An example is a decrease in discount rate.

Factor Market = A market where firms buy services related to production. An example is land or raw materials.

Product Market = A market where finished goods and services are traded. An example of a product market is a bank/mortgage.

Fiscal Policy = Federal reserve's tool to influence the money supply in the economy. An example is increased government spending.

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1. What are reserves held by banks?

Paraphin [41]

Answer:

This is what I found!

Explanation:

Bank reserves are the cash minimums that must be kept on hand by financial institutions in order to meet central bank requirements. The bank cannot lend the money but must keep it in the vault, on-site or at the central bank, in order to meet any large and unexpected demand for withdrawals.

7 0

2 years ago

BG, Inc. reported the following information related to their manufacturing costs: Direct Labor $200,000; Direct Materials $ 150,

bagirrra123 [75]

Answer:

$450,000

Explanation:

Given that,

Direct Labor = $200,000;

Direct Materials = $150,000;

Manufacturing Overhead Costs = $250,000

Therefore, the total amount of conversion cost is the sum total of direct labor cost and manufacturing overhead cost.

Total amount of BG, Inc's conversion costs:

= Direct Labor cost + Manufacturing Overhead Costs

= $200,000 + $250,000

= $450,000

8 0

3 years ago

At December 31, year 3 , Bren Co. had the following deferred income tax items: • A deferred income tax liability of $15,000 rela

ahrayia [7]

Answer:

(B) A noncurrent liability of $4,000

Explanation:

The non-current liability in respect of deferred tax shall be recognised in the accounts of Bren Co. as at December 31 as follows:

Deferred income tax liability related to non-current assets= $15,000

Deferred income tax asset related to non-current liability = ($3,000)

Deferred income tax asset related to current liability = ($8,000)

Deferred income tax liability to be recorded at year end = $4,000

So based on the above discussion the answer is (B) A noncurrent liability of $4,000

8 0

3 years ago

"A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% (market rate) on January 1, 2007. Interest is paid on June 30 and

Agata [3.3K]

Answer:

Interest expense for the year : 1,530,505.41

Explanation:

In the effective method the interest expense si determinate by multiplying the market rate with the carrying value.

Then, the difference against the cash outlay and this interest expense will amortize the bond discount:

Period B Carrying Cash outlay Int. Exp. Amort Carrying Value

1 19,604,145 800000 764561.66 35438.34 19,639,583

2 19,639,583 800000 765943.75 34056.25 19,673,640

Total interest expense:

764,561.66 + 765,943.75 = 1,530,505.41

Then 800,000 - 764,561.66 = 35,438.34 amortization

new carrying value 19,604,145 + 35,438.34 = 19,639,583

Last: 19,638,583 x 0.078/2 = 765943.75

We add up the interst expense:

Total interest expense:

764,561.66 + 765,943.75 = 1,530,505.41

4 0

3 years ago

Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which h

Sav [38]

The Consumer Electronics Division of General Electronics Company, which has a number of dozen factories all over the world, is run by production managers Gary Stevens and Mary James. Gary is in charge of the facility in EI Segundo, California, while Mary is in charge of the one in Des Moines, Iowa. If the entire division reaches or surpasses its yearly profit objective, production managers will get a bonus equivalent to 5% of their basic pay. The bonus is decided in March, following the completion and distribution to investors of the company's annual report.

Percentage Completion

The percentage of completion method involves the ongoing recognition of revenue and income related to longer-term projects. By doing so, the seller can recognize some gain or loss related to a project in every accounting period in which the project continues to be active.

PER UNIT COST 187.50

FINAL PROCESS COMPLETION PERCENTAGE 40%

FINAL PROCESS COMPLETION 204,000

COGS 289

TOTAL COGS 57,899,510

NET PROFIT 100,490

To know more about Percentage Completion visit:

brainly.com/question/22281319

#SPJ4

7 0

1 year ago