How & when did the Feds. lower the rates by 3/4 pts (think in the region of it)??
The markets, bank and ALL federal offices be CLOSED yesterday for the Martin Luther Kin holiday, right?... so... with one week ahead of the Fed. Banking meeting... HOW WAS THE RATE CHOPPED BEFORE THE OPEN OF TUES. BUSINESS? How is that possible? and I'm ONLY asking, because the "world markets" yesterday were rotten as much as 4% and this move seemed a DIRECT strategy to security the USA markets within reaction (it's still down 1%+, but consider if there be NO rate cut!)... So, WHO ARE THE 2-3 GUYS that phoned & made/influenced the DECISION to so this, and get it done so hasty -- as we KNOW that the Gov't doesn't WORK this fast... contained by fact, right? Is near a STORY HERE!?P.S. -- When did the USA lose its media & reporting?
Answers: Ben Bernanke (chairman of the Federal Reserve) and his colleagues, presumably the Fed board of governors and possibly district official, met last dark (Monday) via an emergency video conference in response to the shock on international exchanges. It be done, as you say, strategically to facility the market widen after a very rough off-day. Interest rate cuts and increases are never announced or leak in mortgage as this could create the potential for insider trading. Generally, rate cuts are expected and priced into the market; however, this be an emergency decision and hence had a significant, instant impact on the market. As you know, the Dow open almost 450 points below its Friday close. This rate cut helped the marketplace pare most of its opening losses.
As for the rest of your put somebody through the mill, you seem pretty cynical vis a vis the system. Ben Bernanke is leading the Fed and it is his responsibility to switch emergencies approaching this. There are some extremely intelligent and prudent economists on the board of governors and they are allowed to take behaviour without deeply a bureaucratic red tape. Also, the medium is here, there and everywhere - they are simply never made aware of rate cuts up to that time they are announced to the market by the Fed. I believe the medium is beating the recession drum rather too loudly and is actually driving some of the public hysteria.
If a company have developed a variable-overhead rate of $10 per contraption hour and estimates fixed overhead at?
$250,000 for production up to 100,000 units per hour.If the production representative estimated 9,000 machine hours for the production of 90,000 unit next year, what are estimated variable-overhead costs?
A.$900,000
B.$90,000
C.$340,000
D.$250,000
Answers: B. 9,000 hours * $10/hr=90,000.
Accounting oblige on 30 sunshine 12% follow-up?
A $6,000, 30-day, 12% note record on November 21 is not paid by the inventor at maturity. The review entry to recognize this event is?Can someone inform me if I got this answer right?
I suggest it is debit accounts receivable, $6,060, credit Notes Receivable $6,000, and credit Interest Receivable, $60
Sorry, I am taking this accounting class online, and I am having a rough time trying to grasp this, gratefulness for all your help out
Answers: If you're the party who give the loan, the entry you made 30 days ago was:
Dr Note receivable 6,000
Cr Cash 6,000
Now, 30 days latter, you've earned the interest, so you put in the interest to the amt owing and take the in one piece amt to AR:
Dr Accounts receivable 6,060
Cr Notes receivable $6,000
Cr Interest income 60
Interest is $60 only if you use a 360-day year and not 365 days. Read the attached moralize. You'll learn effortlessly from it.