Answer:
C
Explanation:
Carleton works outside to survey and ok future building sites while Judd is responsible for the repair and replacement of future work, something that while a carpenter usually does this when the building is first made, it is stated he does this on pre-existing buildings, making his career maintenance.
Answer:
$204,000
Explanation:
Given that,
Total Sales = $ 340,000
Variable expenses = $170,000
Contribution margin = $170,000
Fixed expenses = $108,000
Net operating income = $ 62,000
Contribution margin ratio:
= Contribution margin ÷ Sales
= $170,000 ÷ $ 340,000
= 0.5 or 50%
If sales volume increases by 30%,
Revised sales:
= Total sales + 20% of Total sales
= $340,000 + (0.2 × $340,000)
= $340,000 + $68,000
= $408,000
Revised contribution margin:
= Revised sales × Contribution margin ratio
= $408,000 × 50%
= $204,000
Answer:
I used an excel spreadsheet to record the accounts using the accounting equation.
What is the ending balance of cash after all transactions have been recorded?
$163,900
Answer:
Acquisition cost of the Equipment = $94,000
Double declining depreciation rate = 25%
Explanation:
a. The computation of the acquisition cost of the equipment is shown below:-
Acquisition cost of the Equipment = Invoice cost + Freight costs + Installation wiring and foundation + Material and labor costs used in testing
= $90,000 + $1,100 + $2,200 + $700
= $94,000
b. The computation of double declining depreciation rate is here below:-
Double declining depreciation rate = 1 ÷ Depreciation life × Times
= 1 ÷ 8 × 2
= 0.125 × 2
= 0.25
or
= 25%
Answer:
The explanation is given as follows.
Explanation:
<u>Task 1: </u>
<u>The higher the percentage of assets a bank holds as loans, the higher the capital requirement.</u>
When the owners of the bank borrow $100 to supplement their existing reserves , both reserves and debt increase by $100 , therefore increase in debt as in any balance sheet , the total value of accounts on the left hand should be equal to the right hand , so when there is increase in reserves , there will be increase in debt.
<u>Task 2:</u>
<u>It specifies a minimum leverage ratio for all banks
</u>
leverage ratio initially = total assets / capital = 1750 / 125 = 14
leverage ratio new value = total assets / capital = 1850 / 125 = 14.8 ( the assets increase by $100 with increase in reserves)
<u>Task 3</u>
<u>Its intended goal is to protect the interests of those who hold equity in the bank.</u>
Capital requirement are there to ensure that bank have enough capital to repay the depositors and debtors and if a bank holds a higher percent of risky assets , capital requirements will be higher so that the bank remains solvent hence option a is right answer.
