Answer:
Dr Cash$561,360
Dr Finance charge expense $8,640
Cr Finance arrangement $570,000
Explanation:
Preparation of the journal entry to record the borrowing on the books of High Five Surfboard.
Dr Cash$561,360
[$570,000-($720,000*1.2%)]
$570,000-$8,640
=$561,360
Dr Finance charge expense $8,640
($720,000*1.2%)
Cr Finance arrangement $570,000
(Being to record the borrowing on the books of High Five Surfboard )
Assuming your chosen accounting career is that of a financial analyst, it is essential to carry out in-depth research on the role and responsibilities.
<h3 /><h3>What does a financial analyst do?</h3>
It is the professional responsible for managing and planning the use of an organization's financial resources, in order to guarantee the profitability of investments and accounts, in addition to being responsible for the balance sheet and negotiations.
According to government sources, the salary growth rate of a financial analyst will be 6% in the period from 2020 to 2030, which is a positive outlook for the position, and a faster growth than other occupations.
Therefore, the financial analyst career is a position of responsibility that is relevant for all organizations as financial resources are essential for effective business flow.
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brainly.com/question/980342
D I had this on a test and got it right
Answer:
The sales volume would be required to break even is $22,285
Explanation:
In order to calculate the sales volume would be required to break even we would have to calculate the following:
Breakeven sales = Fixed cost/contribution per unit
fixed costs are estimated at $1,170,000
contribution per unit=selling price per unit - variable cost per unit
selling price per unit=1.70*$75
selling price per unit=$127.50
Hence, contribution per unit=$127.50-$75
contribution per unit=$52.50
Therefore, Breakeven sales =$1,170,000/$52.50
Breakeven sales =$22,285
Answer:
1. Chairman
2. The responsibility of
3. Tenure is more than
4. Federal Open Market Committee (FOMC)
5. Twelve members
6. instructions issued by the FOMC to the Federal Reserve Bank of New York
Explanation:
The Board of Governors of the Federal Reserve is in charge of setting and overseeing monetary policy and is headed by the CHAIRMAN
Monetary policy is supposed to be THE RESPONSIBILITY OF Congress and the president. This goal is aided by the fact that the governors' TENURE IS MORE THAN them to outlast the president who appointed them.
Because Congress initially intended to create a decentralized banking system, there are also smaller branches of the Federal Reserve known as district banks. The presidents of the district banks take turns serving as members of the FEDERAL OPEN MARKET COMMITTEE.
The Federal Open Market Committee (FOMC) is the official policy making body of the Federal Reserve and is made up of TWELVE MEMBERS.
The mechanism for translating FOMC policy into action is INSTRUCTIONS ISSUED BY THE FOMC TO THE FEDERAL RESERVE BANK OF NEW YORK, which outlines the course of monetary policy for the next six weeks.