Answer:
e. the total of currency in circulation, plus depository institution reserves and vault cash
Explanation:
Monetary base is a concept in money supply that measures highly liquid assets in an economy.
It includes all cash that is in circulation in the economy and those deposits that are held as reserves by the central bank from commercial banks. Cash in bank vaults are also included because they are readily available to the economy.
For example if there is $200 million in circulation and there is $13 billion in the central bank as reserves from commercial banks, the total monetary base is $13.2 billion
Answer: Option (B)
Explanation:
Condition subsequent clause is referred to as an exit clause from the existing contract. This agreement in between the parties tends to include languages that loosens or frees one of individuals from the agreement or the deal. This tends to mostly occur when the conditional outcome or result takes place. The conditional subsequent relieves an individual or a party from all the obligations.
Answer;
Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
Cost of goods sold = Cost of finished goods available for sale - Ending finished goods
a. Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
331,000 = a - 64,900
a = 331,000 + 64,900
= $395,900
b. Cost of goods sold = Cost of goods manufactured - Ending finished goods
b = 395,900 - 76,800
= $319,800
c. Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
c = 178,600 - 18,800
= $159,800
d. Cost of goods sold = Cost of finished goods available for sale - Ending finished goods
d = 178,600 - 37,500
= $141,100
e. Cost of goods manufactured = Cost of finished goods available for sale - Beginning inventory of finished goods.
65,800 = 103,400 - e
e = 103,400 - 65,800
= $37,600
f. Cost of goods sold = Cost of finished goods available for sale - Ending finished goods
- missing figure (ending finished goods).
Answer:
B. $1,500 F
Explanation:
Flexible Planning Activity
Budget Budget Variance
Customer served (q) 17 20
Travel expense ($500q) $8,500 $10,000 $1,500 (Favorable)
Workings
<u>Travel Expense </u>at 500q
Flexible budget = 500 * (17) = $8,500
Planning budget = 500 * (20) = $10,000
Answer:
D. Separation of Duties
Explanation:
Separation of duties also know as segregation of duties refuses that one person he responsible of acquisition of assets, their custody and related record keeping. The process in which Karen is using to prevent fund by separating individuals who as the authority to issue checks is known as separation of duties. It is a form of internal control aimed at reducing risk of errors and frauds.
