Answer:
B. I and II only
Explanation:
I. Regulatory changes allowing institutions to offer more services II. Technological improvements reducing the cost of providing financial services
The reserves amount is $500.
What are reserves amount?
The reserves amount means the portion of deposits the bank has received from customers that it must hold on to and not give out as loans to its borrowers, it is usually a percentage of the deposits made by the bank as it is 10% of total bank's deposits in this case.
The reserves amount is mandatory cash the bank must keep as required by the supervisory bank such as the central banks.
It is compulsory, so as to make provisions for unexpected withdrawal requests that depositors could make so as to avoid a situation the bank runs out of cash , where cash is non-available to meet the requests of depositors for funds kept with the bank.
reserves amount=reserve %*deposits
reserve ratio=10%
deposits=$5,000
reserves amount=10%*$5,000
reserves amount=$500
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Answer:
MOS( in %) = 20%
Explanation:
<em>Margin of safety (MOS) determines the amount by which expected sales exceeds the break-even point (BEP). </em>
MOS can be calculated as follows:
MOS (units) = Budgeted sales - BEP
BEP= Fixed cost for the period / contribution per unit
Contribution per unit = Selling price - variable cost per unit
Contribution per unit = $10 - $5 = $ 5
BEP (units) = 100,000/ 5= 20,000
MOS (in units) = 25,000 - 20,000 = 5000 units
Margin of Safety as a %
(5000/25,000 ) × 100= 20
%
MOS( in %) = 20%
Answer:
FrameIt’s total manufacturing overhead costs in June is $33,350
Explanation:
Manufacturing overhead costs include all indirect <em>manufacturing cost</em> and exclude all <em>non- manufacturing costs</em>.
<u>Calculation of Manufacturing overhead costs are as follows :</u>
Oil for manufacturing equipment $50
Factory supervisor’s salary $20,000
Factory janitor’s salary $5,000
Factory depreciation expense $8,000
Glue for picture frames $300
Total manufacturing overhead costs $33,350
Answer:
a) will report lower earnings during rising prices of inputs and pay lower taxes
The reason for this is that when input prices are rising, the inventory bought last is the most expensive and the inventory bought first is the least expensive. So when using LIFO during rising prices of inputs the company will report a higher cost of goods sold as the inputs bought later cost more. This will lower their earnings and taxes.
Explanation:
