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3 years ago

The federal funds rate is the interest rate that banks charge each other.T or f

Business

1 answer:

sleet_krkn [62]3 years ago

5 0

Answer: F

Explanation: The fed funds rate is the interest rate that depository institutions—banks, savings and loans, and credit unions—charge each other for overnight loans. The discount rate is the interest rate that Federal Reserve Banks charge when they make collateralized loans—usually overnight—to depository institutions.

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A business maintains subsidiary accounts for each of its customers. on may 15, the business sells services on account: $2,500 to

Andreyy89

A number that can be added but idk do u know because im bored and have home work and all fs so i need help im home schooled

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3 years ago

A schedule of cash receipts is often prepared in conjunction with the sales budget.

slega [8]

The given statement is false

Explanation:

A scheduled cash budget is not often prepared in conjunction with the sales budget and this shows the pattern in which the cash must be collected from the sales budget and this is mainly based on the previous collection pattern

In the sales the amount is collected only after the sales period ends and the cash receipts is most often prepared in conjunction with the pattern in which the previous sales was collected

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4 years ago

10 po

GuDViN [60]

Answer:

1. The movie theater

2. Getting into the movie theater

3. Friends

Explanation:

I'm not sure what kind of answer you're looking for..

3 0

3 years ago

A company uses a process cost accounting system. Its Sewing Department's beginning inventory consisted of 50,000 units (1/4 comp

Mandarinka [93]

Answer:

B Direct Materials 210,000; Conversion Cost 180,000

Explanation:

beginning inventory 50,000

start and finished 120,000

Complete and trasnferred-out 170,000

Convesion Cost:

Coplete and transferred-out 170,000

Ending Inventory 40,000 x 1/4 = 10,000

CC equivalent units 180,000

DIrect Materials

Coplete and transferred-out 170,000

Ending Inventory 40,000x100% = 40,000

DM equivalent units 210,000

Under W-A method we justdiscriminate on transferred-out and ending work in process.

We don't do the difference between started and finished and beginning inventory.

8 0

3 years ago

During 2017, Eaton Co. introduced a new product carrying a two-year warranty against defects. The estimated warranty costs relat

Eduardwww [97]

Answer:

1. $82,000

2. Accrual / Matching Principle

Explanation:

The two year warranty against defects is known as an Assurance Type Warranty.

With Assurance Type Warranty, there is no option on the customer to take the warranty or not. Therefore this is not a separate performance obligation.

Assurance Type Warranty are accounted for in terms of IAS 37 Provisions.

At December 31, 2018, the Warranty Expense is calculated as follows :

Sales 2017 : $ 400,000 × 6% = $ 24,000

Sales 2018 : $ 600,000 × 12% = $ 72,000

Total = $ 96,000

Journal

Warranty Expense $ 96,000 (debit)

Warranty Provision $ 96,000 (credit)

When Warranty Claim is Subsequently received in 2018 the entries will be as follows :

Journal

Warranty Provision $14,000 (debit)

Cash $14,000 (credit)

Thus Warranty Liability will be : $ 96,000 - $14,000 = $82,000

7 0

3 years ago