The actual reason that banks must hold required reserves is: LO33.2 a. To enhance liquidity and deter bank runs. b. To help fund the Federal Deposit Insurance Corporation, which insures bank deposits. c. To give the Fed control over the lending ability of commercial banks. d. To help increase the number of bank loans.

Answers

Answer 1

Answer: The correct answer for the question that is being presented above is this one: "b. To help fund the Federal Deposit Insurance Corporation, which insures bank deposits." The actual reason that banks must hold required reserves is to help fund the Federal Deposit Insurance Corporation, which insures bank deposits.

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On December 31st, end of current year, ABC Company needs to record 4 months of accrued interest on a loan for $10,000 at 5%. The note payable is not due for another 3 months. What is the amount of Interest Payable accrued on December 31st of the current year (round to the nearest dollar)
Too much socializing in the workplace can
Robert, a top-level manager at an advertising agency, spends a significant part of his work day identifying goals for future organizational performance and deciding how to use resources to attain these goals. This involves which management function?
A legitimate commercial program should provide information in regard to all of the following except ___________.Select one: a. staff training and education b. the risks of their products or program c. program outcomes d. personal testimonials
A _______ bend is necessary when attaching a piece of conduit between outlet boxes on facing wallsA. single B. saddle C. back-to-back D. offset

The 5.5 million vinyl long-playing (LP) records sold in the United States per year pales in comparison with the 1.26 billion digital downloads. The grooves in vinyl records create sound waves that are similar to those of a live performance, however, which means they provide a more authentic sound, which in turn means nightclub DJs, discerning music listeners, and collectors will always prefer them. Firms that sell LPs position themselves for a niche segment of diehard consumers. They are in the ________ stage. Multiple Choice A. product
B. development introduction
C. growth maturity
D. decline

Answers

Answer: Option (D)

Explanation:

From the following given case or scenario , we can state that the organization's product is in decline stage. During this, the sales growth tends to become negative, the profits will decline, the competition tends to remain high, and also the commodity, product or services ultimately reaches the ‘end’. This stage of product life cycle is known to be one under which product ultimately ‘ends’ due to negative or low growth rate.

Which of the following economic terms means "the amount that firms will produce and sell at a specific price"A. supply
B. quantity supplied
c. quantity demanded

Answers

The economic term that means "the amount that firms will produce and sell at a specific price" is called quantity demanded. The definition for quantity is goods or services demanded for a specific price. The correct answer is C.

Bramble Corp. sells $1800 of merchandise on account to Flounder Company with credit terms of 2/12, n/30. If Flounder Company remits a check taking advantage of the discount offered, what is the amount of Flounder Company's check

Answers

Answer:

The amount of Flounder check would be $ 6,964

Explanation:

The amount of the check would be the selling amount deduct the discount amount (which came from the selling amount of discount percentage).

The amount of Flounder check is computed as:

Amount = Selling amount × Percentage

where

Selling amount is $1,800

Percentage is as:

Percentage = 100% - Discount

where

Discount is 2%

So,

Percentage = 100% - 2%

= 98%

Putting the values above:

Amount = $1,800 × 98%

Amount = $6,964

mexico trades produce for computer with japan, this is an example of: group of answer choices procurement insourcing exporting

Answers

The scenario presented in the question is an example of exporting. Exporting refers to the act of selling goods or services produced in one country to another country.

In this case, Mexico is selling produce to Japan in exchange for computers. This transaction is an example of international trade and highlights the benefits of specialization and comparative advantage.

Mexico is known for producing a variety of agricultural products, while Japan has a thriving technology industry. By specializing in their respective areas of expertise, both countries are able to benefit from international trade. Mexico is able to generate revenue by exporting its produce, while Japan is able to acquire the goods it needs to support its technology industry.

Overall, this example highlights the importance of international trade and the benefits that can be derived from specialization and comparative advantage. It also underscores the importance of maintaining strong trade relationships with other countries to promote economic growth and development.

For more about exporting:

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Which of the following statements is false? Multiple Choice Cost drivers are often selected based on the availability of information. Volume measures are good drivers for fixed overhead costs. Fixed costs that do not have a definitive cost driver are allocated using an allocation base that distributes a rational share of the cost to each product. Both direct and indirect costs can be assigned to a cost object.

Answers

Answer:

Volume measure are good drivers for fixed overhead costs is the correct answer.

Explanation:

Volume measure is used in plant facilities and results when the level of activity is measured in machine hours and direct labor hours. It is different from the budget denominator entity which is used in determining the fixed overhead standard rate. If the denominator of hours exceeds the standard hours allowed then the variance is unfavorable and is favorable in the opposite case.

Gupta Industries received a $350,000 prepayment from Packard Associates for the sale of new equipment. Gupta will bill Packard an additional $105,000 upon delivery of the equipment. Upon receipt of the $350,000 prepayment, how much should Gupta recognize for a contract asset, a contract liability, and accounts receivable

Answers

Answer:

$0 ; $350,000 ; $105,000

Explanation:

Given that

Received prepayment = $350,000

Additional billed amount = $105,000

So by considering the above information, the contract asset and the account receivable are zero while the contract liability is $350,000 because it is advanced from the customer so it would be treated as a current liability. Therefore, the amount of contract asset and the account receivable is zero

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