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arsen [322]
3 years ago
9

Suppose that Riverview Community Bank loans out all of its excess reserves that resulted from the $178,000 Fed bond purchase to

Ms. Barlett who uses the funds to purchase a house from Mr. Rho. Mr. Rho deposits the proceeds of the home sale into his checking account at Waterfield Bank. Illustrate the T-account for Waterfield Bank after this transaction has occurred.
Business
1 answer:
sergey [27]3 years ago
4 0

Answer:

The deposit of $178,000 by Mr. Rho appears under Liabilities of Waterfield Bank as shown in the attached photo.

Explanation:

Note: See the attached photo for the T-account Illustration for Waterfield Bank after this transaction has occurred.

The the proceeds of the home sale deposited by Mr. Rho into his checking account at Waterfield Bank is liability to Waterfield Bank. Therefore, the deposit of $178,000 by Mr. Rho appears under Liabilities of Waterfield Bank as shown in the attached photo.

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Allushta [10]

Answer: Statement C and Statement D

Explanation:

A. A balance sheet reports assets liabilities and capital balances of an entity at a specific point of time.

B. An income statement reports on the revenues earned and the expenses incurred to earn those revenues for a period of one year.

C. Statement of equity reports changes in equity.

D. Cash flow statement shows inflow and outflow of cash from operating , investing and financing.

E. A balance sheet reports companies assets and liabilities at the end of the year.

8 0
3 years ago
A record store that sells $1,000 woth of CDs per day to 40 customers ( the average cost of goods sold per unit is $12.50) How mu
sleet_krkn [62]

Answer:

$500

Explanation:

COGS or the cost of goods sold is the total cost of all goods sold in a period. It is the direct cost of productions and include direct labor costs, direct materials, and direct overhead costs.

In this case, The average cost of goods sold per unit is $12.50. The business sells to 40 customers. The totals cost of goods sold or the COGS will be

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=$500

5 0
2 years ago
Provide an example that shows variable costing is divided among different activities, and that each activity has its own predete
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Answer:

Variable Expense - Cost driver

Machine setup cost - Number of Setups

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Labor Cost - Labor hours worked

Raw Material - Material usage rate

Transportation Cost - No of Orders delivered.

Explanation:

An organizational structure in one in which certain activities are aligned to achieve the ultimate goal of the organization. Similar types of set of machines together to get particular output product. The cost drivers in organizational structure can influence the output of a company.To determine the product cost per unit using the absorption costing we find the per unit rate for Variable Overheads for the activity by diving the total variable cost by its cost driver.

7 0
3 years ago
The United States does not allow oranges from Brazil (the world's largest producer of oranges) to enter the United States. If Br
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Answer:

The statement is True

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5 0
3 years ago
Tom takes a loan of $60,000 at 4% annual interest to purchase a property worth $100,000. He earns an annual income of $10,000 af
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Based on the given data, Tom's leveraged return on the real estate investment is 13.3%.

A leveraged return means an investment return on equity partially financed with debt.

Investment in property = $100,000 - $60,000

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Interest = $60,000 * 4%

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Net income after tax = ($10,000 - $2,400) * (1 - 30%)

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Hence, Tom's leveraged return on the real estate investment is 13.3%.

Learn more about leveraged return:

<em>brainly.com/question/14005616</em>

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