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3 years ago

Which situation best describes how a change in the reserve requirements affects the economy? (1 point)

1 answer:

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If the reserve requirements tightened, more funds are in reserves and banks do not have as much to lend, leading to an increase in interest rates for customers and a decrease in economic growth.

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A building was purchased for $66,500. The asset has an expected useful life of eight years and depreciation expense each year is

Sidana [21]

Answer:

$34,500

Explanation:

Depreciation is the systematic allocation of the cost of an asset to p/l based on its estimated useful life.

Assets are initially recorded at cost be carried subsequently at the net book value which is the cost less residual or salvage value then divided by the estimated useful life. Mathematically, using the straight line method,

Depreciation = (cost - residual value)/useful life

let the residual value ( which is the estimated value obtainable from the disposal of the asset at the end of its estimated useful life) be p

4000 = (66500 - p)/8

32000 = 66500 - p

p = 66500 - 32000

= $34,500

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4 years ago

Refer to Scenario 15.1. The campaign was so successful that Rick decided to host a special event to announce the winner. On the

Dmitry_Shevchenko [17]

Answer: Public relations

Explanation: Public relations is the technique of maintaining the dissemination of information deliberately between an individual or group of individuals and the citizenry.

Public relations may include a company or person that uses subjects of public interest and media articles that do not involve direct payment to be exposed to their audiences.

In The given case, Rick was intentionally using media sources for making people aware and interested towards his project. Hence we can conclude that the given case is an example of public relations.

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4 years ago

A company makes bicycles. It produces 850 bicycles a month. It buys the tires for bicycles from a supplier at a cost of Rs.60 pe

Triss [41]

Answer:

B: 522 tires

B: 39 orders

Explanation:

a. Calculation for EOQ

First step is to Calculate the Annual Demand which is D

D = Annual demand = (2 tires per bicycle) x (850 bicycles per month) x (12 months in a year)

D=20,400 tires

Second step the ordering cost is given in the question which is :

S = Ordering cost = 90 per order

Third step is to Calculate the carrying cost which is H

H = carrying cost = (15%) x ($60 per unit)

H= $ 13.50 per unit per year

Last step is to Calculate the EOQ

EOQ = √{ (2 x 20,400 x $90) / $13.50

EOQ= 522 tires

Therefore the EOQ is 522 tires which means that the company should order 522 tires each time they places an order.

b. Calculation for the number of orders per year

Using this formula

Number of orders per year = D / Q

Let plug in the formula

Number of orders per year = 20,400 / 522

Number of orders per year = 39 orders per year

Therefore the Number of orders per year will be

39 orders per year.

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3 years ago

The ending balance in the Work-in-Process Control account represents the costs of all jobs that: A. Have not been completed B. H

Marta_Voda [28]

C. Have been completed and sold to customers

3 0

3 years ago

An unfavorable production-volume variance ________. A. is not a good measure of a lost production opportunity B. indicates tha

antiseptic1488 [7]

Answer:

d) measures the amount of extra fixed costs planned for but not used

Explanation:

An unfavorable production-volume variance <u>measures the amount of extra fixed costs planned for but not used</u>. As per production-volume variance extra fixed costs planned for but not used has unfavorable production-volume variance.

When production-volume variance is unfavorable, that means the fixed cost are allocated on lesser number of manufactured units, hence it indicates that the fixed costs are not controlled well.

8 0

3 years ago