A lender, buyer, or other party in whose favour a security interest is held is referred to as the secured party. The party owing payment or fulfillment of the secured obligation is known to as the debtor.
What is debt, exactly?Debt is the amount owed by the borrower to the lender. A debt is an amount of money that has been borrowed for a specified time period and must be repaid, plus interest. The borrower's credit affects both the debt's size and its acceptance.
What three categories of debt are there?Secured debt, secured debt, revolving liabilities, and mortgages are the four basic categories of personal debt. While outstanding debt is not backed by any kind of security, secured debt does
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_______best tip of the waiter a.attitude b.gratitide c.money d.foods
Answer:
Gratititude, because attitude is nice but not the best, money doesn't buy happiness, and the waiter serves YOU food.
Answer:
C: money. It would be money because the waiter or waitress doesn't care if your nice they just need to make a living.
Explanation:
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International Data Systems' information on revenue and costs is relevant only up to a sales volume of 106,000 units. After 106,000 units, the market becomes saturated and the price per unit falls from $16.00 to $9.80. Also, there are cost overruns at a production volume of over 106,000 units, and variable cost per unit goes up from $8.00 to $8.50. Fixed costs remain the same at $56,000.
a. Compute operating income at 106,000 units.b. Compute operating income at 206,000 units.
Answer:
Option A. $792,000
Option B. $211,800
Explanation:
At the level 106,000 Units, the price per unit and variable cost per unit will remain at $16 and $8 per unit.
Option A.
Sales (106,000 Units * $16) $1,696,000
Variable cost (106,000* $8) $848,000
Fixed costs $56000
Operating Profit $792,000
Option B.
When the production exceeds 106,000 units level, the price per unit and variable cost per unit will remain at $9.8 and $8.5 per unit.
Sales (206,000 * $9.8) $2,018,800
Variable cost (206,000 * $8.5) $1,751,000
Fixed costs $56,000
Operating Profit $211,800
The profit has been decreased substantially due to increase in Marginal cost.
This table can be used to organize Raj’s credit card balances and payments over 6 months. The annual percentage rate on the card is 18%.
Raj’s Credit Card Payments
Month
Balance
Payment
Interest Rate
Interest Charged
1
$500
$100
0.015
$6.00
2
$406
$50
0.015
3
$361.34
$50
0.015
4
$316.01
$50
0.015
5
$270
$50
0.015
6
$223.30
$50
0.015
What is the amount of total interest charged for the first 6 months?
The total amount of interest charged for the first 6 months, given the balance left and the interest rate, is $25. 90 .
How to find the total interest charged?To find the total interest charged, first find the difference between Raj’s credit card balances and payments over the 6 months .
This difference is :
= 500 - 223. 30
= $276. 70
The interest over all six months is:
= ( Difference between balances x Interest ) x Number of months
= ( 276. 70 x 0. 015 ) x 6
= $25. 90
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g Other things the same, an increase in the price level causes the interest rate to a. increase, the dollar to depreciate, and net exports to increase. b. increase, the dollar to appreciate, and net exports to decrease. c. decrease, the dollar to depreciate, and net exports to increase. d. decrease, the dollar to appreciate, and net exports to decrease.
Answer:
B. Increase, the dollar to appreciate, and net exports to decrease.
Explanation:
When their is increase in price level, their is increase, the dollar to appreciate, and net exports to decrease.
In a case of such, when increase in price level happens it causes foreign bond purchase decrease also.
A case that can explain this better is this pandemic period that has befallen the world and its economy; it is seen that in a country like Nigeria, the high price of dollar makes purchasing and import a herculean tax and also cause decrease in export to boost the said economy causing a shaky economic depreciation which affect peoples lives negatively.
Prompt: In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
PLEASE ANSWER ASAP. I am writing my essay about Rihanna. If anyone could help me, I would appreciate it. Due in 1 week.
A free enterprise system was necessary because it allows people to do what they do best while trading for the rest, of free enterprise, works. Competition is a driving force behind the free enterprise, resulting in increased efficiency and lower consumer prices.
What is the advantage of free enterprises?The benefits of the US Free Enterprise System to producers and consumers include the freedom to own private property, producers producing at their own profit, consumers and producers having control over themselves, increased efficiency, and adequate use of available resources.
A free enterprise system allows individuals to make their own economic decisions without being constrained by the government. It enables consumer supply and demand to determine the success or failure of an economic venture.
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Which of the following is a module of accounting software?
An accounting software module is called General Ledger Module. Accounts payable, trade receivables, and payroll are three modules used by accounting software to keep track of transactions.
General ledger: What is it?A general ledger (GL), a collection of numerical accounts, is used by an institution to track its financial transactions and produce financial reports. Each account is a distinct record describing a certain type of asset, liability, equity, profit, or expense.
Which five categories of the general ledger accounts are there?Money due to your company is represented by accounts receivable, an asset account. Accounts payable is an expenditure account for money that your company owes. Cash: Any liquid assets that your business possesses, such as owners' equity (an equity account). Sales or transactions affecting the inventory are considered an asset account.
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Identical products in fixed quantities can be produced in....
A . Job Production
B . Batch Production
C . Flow Production
D . Lean Production
Identical products in fixed quantities can be produced in B . Batch Production.
What is batch production?Batch production is a production method whereby a group of identical products is produced at the same time.
The batch size and frequency are predetermined. As a batch, units go through the different stages of the manufacturing process together.
The idea of batch production can be differentiated from Job Production, Flow or Continuous Production, and Lean Production by the emphasis that each production method places.
Thus, when identical products are produced in fixed quantities, they are described as undergoing Batch Production.
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If Emmett wants to pay off his student loan by making monthly payments
for 10 years, what type of repayment plan is best for him?
Standard repayment plan
O Extended repayment plan
O Income-driven repayment plan
O Graduated repayment plan
-Submit
Answer:
income driven
Explanation:
if he wants to make monthly payments, income driven is the best option because he would get paid monthly for what ever job, and then pay a percentage of that towards his student loan
Dwight Donovan, the president of Munoz Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $106,000 and for Project B are $46,000. The annual expected cash inflows are $27,252 for Project A and $12,761 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Munoz Enterprises’ desired rate of return is 8 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Required
Compute the net present value of each project. Which project should be adopted based on the net present value approach?
Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
What is the Net Present Value for project A and project B?
Project A?
Project B?
The project that should be adopted based on the net present value is project B.
The project that should be adopted based on the internal rate of return is project B.
Which projects should be adopted?Net present value is the present value of after-tax cash flows from an investment less the amount invested. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
The decision rule when using the internal rate of return and the net present value is to undertake the project if the internal rate of return and net present value.
NPV and IRR can be calculated using a financial calculator:
Project A:
Cash flow in year 0 = $-106,000
Cash flow in year 1 - 5= $27,252
I = 8 %
NPV = $2,809.33
IRR = 9%
Project B:
Cash flow in year 0 = $-46,000.
Cash flow in year 1 - 5= $12,761
I = 8 %
NPV = $4,950.97
IRR = 12%
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Required: Evaluate the firm’s performance for the year 2020 and 2021 by: a. Calculating the same ratios as the industry norms. (20 marks)
It is necessary to calculate the same ratios as the standards for the industry norms in order to assess the firm's performance for the years 2020 and 2021.
What examples of industry norms are there?Industry. industry customs, including the way truckers flash their lights to communicate with one another. For instance, a brief flash of lights can let a passing vehicle know that they can join back it into lane.
Where can we get the industry standards?Norms can be found in a variety of places for financial analysts. The Dunn & Geddes industry ratios and also the Risk Management Institute guide for industry ratios are two of the most well-known. Value Line and Standard & Poor's are some additional sources.
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a company has a total assets of br 180000 if it is capital is less than its liability by 75%.
Answer:
w
Explanation:w
A TES (Thermal Energy Storage) system is installed that will cost $89,000 and is projected to save $35,684 annually for the life of the project of 18 years. What is the exact Internal Rate of Return (IRR)
Answer:
the exact internal rate of return is 40%
Explanation:
The computation of the exact internal rate of return is shown below
Given that
Initial investment = -$89,000
Year 1 to Year 18 = $35,684 each year
Based on the above information
We use the IRR formula
= IRR()
After applying the internal rate of return formula, the exact internal rate of return is 40%
So the same is considered and relevant too
4.2.9 Quiz: Selecting a Candidate and Making an Offer
Question 9 of 10
Which of the following is a way for an HR department to ensure it is following
up with job candidates in an EEO-compliant manner?
OA. They ensure that they have asked job candidates about their
willingness to work weekends.
OB. They ensure that have look at their budget before making a firm
offer on the wage or salary.
OC. They ensure that they ask job candidates about why they left their
last job or position.
OD. They ensure job candidates have been recruited from a wide
variety of minority channels.
One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.
What is EEO Compliance ?It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.
Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.
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choosing a computer that costs_____ instead of one that cost ____
means that youll have less money available for other purchases
a 1700 1900
b 1700 1800
c 1800 1700
d 1800 1900
After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, having won $21 million. You have three options.
(a) Receive $1.05 million per year for the next 20 years.
(b) Have $8.25 million today.
(c) Have $2.25 million today and receive $750,000 for each of the next 20 years.
Your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.
Here's a breakdown of the three options you have after winning 21 million and their financial implications.
Option (a) - Receive $1.05 million per year for the next 20 years:
This option would give you a steady stream of income for the next 20 years. However, you would not have access to the entire $21 million upfront. The total payout over 20 years would be $21 million, which means that the present value of this cash flow using a 13% discount rate would be approximately $6.36 million.
Option (b) - Have $8.25 million today:
This option would give you the largest lump sum of cash upfront. However, you would not have access to the remaining $12.75 million that you would have received under Option (a) or (c). The present value of $8.25 million using a 13% discount rate would be approximately $8.25 million.
Option (c) - Have $2.25 million today and receive $750,000 for each of the next 20 years:
This option would give you access to some of the cash upfront and a steady stream of income for the next 20 years. The total payout over 20 years would be $17.25 million, which means that the present value of this cash flow using a 13% discount rate would be approximately $5.21 million. Additionally, the $2.25 million that you would receive upfront would have a present value of approximately $2.25 million.
Based on the present value calculations, Option (b) - taking the $8.25 million upfront - would provide you with the highest present value of cash.
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"Group decision making is better". Do you agree or disagree with the statement? Give 3 reasons why do you say so?
Answer:
I agree because it make the group bring out more ideals
sometimes group decision make some people to voice out their problems
group decision help organization and firms to operate in good aims
One of the skills that most leads to success in the workplace is:
A. keeping your thoughts to yourself.
B. ignoring unimportant regulations.
C. working well as part of a team.
D. choosing to work at any time you want.
There are different kinds of skills. One of the skills that most leads to success in the workplace is working well as part of a team.
It is very essential to note that when one work with others in a work place, it is good to depends on others sometimes and this can bee done through interaction.
Positive interactions in the workplace often increase good feelings, increase morale and boast work satisfaction. Success in the workplace is not based on intelligent you are or your qualifications.
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Last year, Creative Gaming had its most successful rollout of one of its first person games in the company's history. The CEO announced sales and profits had far exceeded company
projections. He attributed the success to a flexible plan, which included good design, accurate product testing, and innovative marketing and sales tactics. In order to have good recall
of the procedures that were put in place for this successful introduction, he has charged a team of managers to develop a(n)
system, so the company can avoid
"reinventing the wheel." For future introductions, he wants to be able to recall what worked and what didn't work.
Knowledge management is the process by which an enterprise gathers, organizes, shares and analyzes its knowledge in a way that is easily accessible to employees.
What is goal of knowledge management?
Improving organizational efficiency and saving knowledge in an easily accessible form are the main goals of knowledge management. Its aim is to put the right information in front of someone at the right time.This is done by:
Sharing knowledge with others who can benefit from it;Improving processes and technology to provide easy access to knowledge andpromoting the generation of new knowledge for continual learning.To know more about Sources of knowledge management refers to :
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On March 4 of the current year, Barefoot Bay, Inc. reacquired 5,000 shares of its common
stock at $89 per share. On August 7, Barefoot Bay sold 3,500 of the reacquired shares at $100
per share. The remaining 1,500 shares were sold at $88 per share on November 29.
Required (10 points)
(a) Journalize the transactions of March 4, August 7, and November 29.
(b) What is the balance in Paid-In Capital from Sale of Treasury Stock
on December 31 of the current year?
A. When the company reacquires its own stock from the market, Treasury Stock is debited, and Cash is credited.
B. The balance in Paid-In Capital from the Sale of Treasury Stock on December 31 of the current year will be $40,000.
(a) Journal entries for the given transactions: March 4, 2021: When the company reacquires its own stock from the market, Treasury Stock is debited, and Cash is credited. So, in this transaction, the Treasury Stock account is debited and the Cash account is credited by $445,000.
The journal entry to record this transaction is Treasury Stock $445,000 Cash $445,000 August 7, 2021: When the company sells the treasury stock, the Cash account is debited, Treasury Stock is credited, and the difference between the two is credited to Paid-In Capital from Treasury Stock account.
On August 7, Barefoot Bay sells 3,500 shares at $100 each. Thus, in this transaction, the Cash account is debited by $350,000 ($100 × 3,500), the Treasury Stock account is credited by $311,500 ($89 × 3,500), and Paid-In Capital from the Treasury Stock account is credited by $38,500 [($100 - $89) × 3,500].
The journal entry to record this transaction is: Cash $350,000Treasury Stock $311,500Paid-In Capital from Treasury Stock $38,500 November 29, 2021:When the remaining treasury stock is sold, Cash account is debited, Treasury Stock is credited, and the difference between the two is credited to Paid-In Capital from Treasury Stock account.
On November 29, Barefoot Bay sells the remaining 1,500 shares at $88 each. Thus, in this transaction, the Cash account is debited by $132,000 ($88 × 1,500), the Treasury Stock account is credited by $133,500 ($89 × 1,500), and Paid-In Capital from the Treasury Stock account is credited by $1,500 [($88 - $89) × 1,500]. T
he journal entry to record this transaction is: Cash $132,000Treasury Stock $133,500Paid-In Capital from Treasury Stock $1,500
(b) The balance in Paid-In Capital from the Sale of Treasury Stock on December 31 of the current year will be $40,000 ($38,500 + $1,500).
The Paid-In Capital from the Sale of the Treasury Stock account is credited with the difference between the sale price and the purchase price of the treasury stock sold. The difference is multiplied by the number of shares sold and then credited to Paid-In Capital from the Sale of the Treasury Stock account.
Finally, the balance of this account is transferred to the Retained Earnings account at the end of the year. Here, 3,500 shares were sold for $100 per share, and the remaining 1,500 shares were sold for $88 per share.
Therefore, the total amount credited to the Paid-In Capital from the Treasury Stock account will be $40,000 ($38,500 + $1,500). The balance in Paid-In Capital from the Sale of Treasury Stock on December 31 of the current year will be $40,000.
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Zook Manufacturing's total six-month sales were $85 million, with $25.5
million of that amount from the Internet. What was the percentage of
Internet sales?
Explanation:
85 ÷ 25.5 = 0.3
0.3 × 100 = 30%
An associate has just spent 30 minutes showing a customer the features of a
handheld computer. The customer says, “I can get this for a lot less over the
Internet. Your prices are outrageous!" Which of these is the associate's most
professional response to the customer's remark? *
STEP 5 Use practical examples from BRICK 'n TILE to differentiate between short and long-run costs. (10) TOTAL: [50]
BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).
Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.
On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.
Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.
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What are ethics? How do they apply to the hospitality and tourism industry?
Management at Work
Shen knows that the restaurant business is the right industry for him. Earlier this year, he opened a small restaurant offering seafood, steaks, and unique side dishes not found at other restaurants. He did not have the savings to quit his existing job as a waiter, so the new restaurant is open only Monday through Thursday nights, which is when he is not working at the other restaurant. Although the restaurant is open only 4 days per week, Shen works up to 16 hours on each of those days. He arrives early in the morning to receive deliveries from vendors and complete paperwork, and he is usually the last person to leave at night after the cleanup is finished.
After 6 months, Shen was disappointed that the restaurant had not achieved the anticipated level of profits and success. It didn’t seem right that Shen could work so hard, yet still be struggling to run the business. All revenue was immediately used to pay the small staff or the vendors, so Shen was not taking home any money. Instead, he had to rely on what he earned as a waiter at the other restaurant. He was also learning that running a restaurant involves much more than meets the eye. For example, in his job as a waiter, Shen never had to deal with issues such as inspections by the Health Department or finding an ingredient when a vendor is unable to deliver an item. Last Thursday, the evening special was grilled lobster, but the restaurant did not have enough lobster.
QUESTION: What should you tell Shen are possible reasons his restaurant is not achieving the success he desires? Check all that apply.
A) While Shen’s experience as a waiter is valuable, it may not have allowed him to develop the breadth of business skills necessary to run a new restaurant.
B) Shen must accept that the restaurant is not successful and close it.
C) Shen should immediately hire more staff, including another cook and at least one more server.
D). Expecting the restaurant to be profitable after just 6 months may not have been a realistic expectation.
Option (d), Though expecting the restaurant to be profitable after just six months may not have been a reasonable expectation, Shen are many explanations why his restaurant is not experiencing the success he expects.
What is the profitability of a restaurant?The restaurant profit margin, sometimes referred to as the net profit margin, is the amount of money your establishment makes after paying all of its expenses. Net profit margin is a metric used to determine your company's profitability ratio, which is the difference between revenue and cost of revenue.
How can you tell whether your restaurant will be successful?A strong sense of brand identity, hiring and motivating staff, fostering a positive work environment, becoming familiar with profit and loss statements, creating a menu that is profitable, and learning how to market your best-selling dishes are just a few of the crucial elements of successful restaurants.
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You purchase a new car (produced this year) for $38,000. After six months, you sell the car for $31,500. How much does GDP rise because of these two transactions?
a. GDP rises by $38,000
b. GDP rises by $31,500
c. GDP rises by $69,500
d. GDP rises by $6,500
The GDP should be rise by $38,000 due to these two transactions.
The following information should be relevant:
GDP is the Gross domestic product. It is the amount that should create value-added at the time when the goods & services are produced.It is the amount where the item should be firstly purchased.Like in the given situation, the new car should be purchased for $38,000.And, after six months the car is sold for $31,500.So, the sale value does not create any value-added.
Therefore we can conclude that The GDP should be rise by $38,000 due to these two transactions.
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Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $100 million of 8% bonds, dated January 1, on January 1, 2018. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $82 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2018, was $90 million.
Required:
1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate).
4. At what amount will Fuzzy Monkey report its investment in the December 31, 2018, balance sheet?
5. How would Fuzzy Monkey's 2018 statement of cash flows be affected by this investment?
1. On January 1, 2018, the journal entry would involve a debit to Long-term investments for $82 million and a credit to Cash for $82 million.
2. On June 30, 2018, the journal entry would involve a debit to Interest revenue for $4.8 million and a credit to Interest Payable for $4.8 million.
3. On December 31, 2018, the journal entry would involve a debit to Interest revenue for $4.8 million and a credit to Interest Payable for $4.8 million.
4. Fuzzy Monkey will report its investment on December 31, 2018, balance sheet of $90 million.
5. Fuzzy Monkey's 2018 statement of cash flows will be affected by this investment as it will show an increase in cash flows from investing activities of $18 million, reflecting the difference between the purchase price of $82 million and the fair value of $90 million at the end of the year.
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Who made the better financial decision and why?
O Veronique because her payments are lower.
O Veronique because her final cost, including finance charges, is less than Lily's.
OLily because she is paying off her purchase sogner.
O Lily because her final cost, including finance charges, is less than Veronique's.
Lily because her final cost, including finance charges, is less than Veronique's.
How financial decisions are made?The performance of the firm is taken into account while making financial decisions. It is based on studies of estimates, potential investments, and other financial records like cash flow statements, balance sheets, and profit and loss statements.
When weighing options and making decisions for their financial situations, such as how and when to save and spend, comparing costs before making a major purchase, and planning for retirement or other long-term savings, people with strong financial knowledge and decision-making skills can do so with confidence.
Here are the three essential tools to have in order to demonstrate the financial impact of the idea and to support it both financially and otherwise: overall expense of ownership (TCO), a cost-benefit study (CBA), the anticipated return on investment (ROI)
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One reason why firms might want to pursue a strategic alliance strategy is to exploit
economies of scale. Exploiting economies of scale should reduce firm’s costs. Does this
mean that a firm pursuing an alliance strategy to exploit economies of scale is actually
pursuing a cost leadership strategy? Why or why not? Support your answer
So, a strategic alliance may benefit the combined group in two ways: one, it will enable them to target larger clients without facing significant rivalry
Economies of scale, which are commonly assessed by the quantity of product provided per unit of time, seem to be the cost savings that businesses gain as a result of the significant scale of the economy.
In order to lower manufacturing costs, economies of scale is the method of producing any good at a very high volume. Strategic alliances allow two businesses to more effectively merge their operations.
It will enable them to lower costs through economies of scale. Additional benefits of economies of scale include lower prices for goods or cost focus in the marketplace.
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MAKARO SUPERSTORE TRIAL BALANCE 31 December, 2022 Capital 30000$ Plant and Machinery 50,000$ Debtors 200,000$ Creditors 100,000$ Loan 95,000$ Interest on Loan 3,000$ Cash 20,000$ Provision for Doubtful Debts 7,000$ Stock on 1st April, 2017 68,000$ Motor Vehicles 100,000$ Bank 35,000$ Land and Building 120,000$ Bad Debts 5,000$ Purchases 660,000$ Sales 1,100,000$ Purchases Return 15,000$ Sales Return 80,000$ Transportation Out Carriage Outwards 25,000$ Transportation In Carriage Inwards 30,000$ Salaries 90,000$ Rent and Insurance 30,000$ Advertising 35,000$ Discount Received 5,000$ General Expenses 34,000$ Bills Receivable 60,000$ Bills Payable 20,000$ Rent Received 3,000$
To prepare the Makara store balance sheet, we will categorize the items into their respective asset, liability, and equity categories.
MAKARO SUPERSTORE Balance Sheet As of 31 December, 2022Assets:
Plant and Machinery: $50,000
Debtors: $200,000
Cash: $20,000
Stock: $68,000
Motor Vehicles: $100,000
Bank: $35,000
Land and Building: $120,000
Bills Receivable: $60,000
Total Assets: $653,000
Liabilities:
Creditors: $100,000
Loan: $95,000
Interest on Loan: $3,000
Provision for Doubtful Debts: $7,000
Bills Payable: $20,000
Total Liabilities: $225,000
Equity:
Capital: $30,000
Total Equity: $30,000
Total Liabilities and Equity: $653,000
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What is the name of the independent federal agency that is designed to monitor and regulate the country's credit unions
Answer:
The National Credit Union Administration
Explanation:
The National Credit Union Administration is an independent federal agency that supports and regulates federal credit unions and their customers in the United States.