Answer:
Select a base period, divide analysis period amount by the base period amount and multiply that amount by 100.
Explanation:
In Financial accounting, trend percentages also known as the index numbers, are typically used for comparing financial statements over a period of time, owing to the fact that they give trends and changes occurring through time with respect to a base period.
To compute trend percentages the analyst should select a base period, divide analysis period amount by the base period amount and multiply that amount by 100.
Trend percentages are similar to the horizontal analysis but are calculated in relation to base period or year.
Answer: D. The money supply will decrease as banks loan out less money.
Explanation:
The money supply in the Economy is <em>inversely related</em> to the amount of reserves that a bank holds. This is because the higher the reserves held, the less the banks will have to borrow out and the less new money can be created from the money loaned out. Holding excess reserves therefore results in less money supply.
Answer:
The journal entries are shown below:
Explanation:
The journal entries are shown below:
On July 15
Purchases (2,100 × $40) $84,000
To Accounts Payable $84,000
(Being the purchase is recorded)
On July 23
Account payable $84,000
To Purchase discount $2,520 ($84,000 × 3%)
To Cash $81,480
(Being the payment is recorded)
On August 15
Account payable $84,000
To cash $84,000
(Being the payment is recorded)
Answer:
$12 million
Explanation:
Calculation to determine the amount of the retiree benefits paid by the trustee
Beg PBO $280 million
Less En PBO ($300 million)
Add Service cost $18 million
Add Interest cost $14 million
(280million*5%)
Retiree benefits Paid by trustee $12 million
Therefore the amount of the retiree benefits paid by the trustee is $12 million