The answer is False because they didn't plan functions as a local law..this is my opinion.
Reserves - $20,000
Checkable Deposits - $200,000
Reserves Ratio - 10
Household Deposit - $15,000
Level of Excess Reserves - ?
Solution:
Checkable Deposits = $200,000 + $15,000 = $215,000
Required Reserves = 0.10 x $215,000 = $21,500
Excess Reserves = Actual Reserves - Required Reserves
= $35,000 - $21,500 = $13,500
Answer:
Explanation:
Variance analysis studies the relationship between actual and budgeted cost for business activities. Variance analysis helps the management in two ways;
Favorable - if the actual cost incurred is less than the budgeted cost, the difference amount is a saving for the company.
Unfavorable - if the actual cost is more than the budgeted cost, the difference is an extra expenditure for the company.
Flexible budget;
- The flexible budget is prepared at different levels of volume that was initially projected by the master budget.
- It is highly styled and more useful than the master budget.
The report showing the Activity and Spending Variances for march is given in the file attached below, in other not to cause confusion. Thank you.
Answer:
Stock value today = $1.21
Explanation:
Current Dividend = D = $1.13
After 5 years that is D = $0.50
Since expected growth = 0
Therefore
P = D / Ke = 0.5/18% = $2.77
Its present value will be = $1.21
Stock value today = $1.21
Answer:
C
Explanation:
If you do hours X units and then put it on the end of the Variable you get C. Hope this helped #brainiest