Answer:
A. 20
Explanation:
The reserve ratio= Reserve required / Total deposit × 100
= $20,000 / $100,000 * 100
= 1 / 5 *100
= 100 / 5
= 20%
The answer is A. 20
The reserve ratio also known as cash reserve is the portion of deposits that commercial banks must withhold or keep rather than lend out or invest as directed by the central bank of a country.
Answer:
Budgeted direct labour hours
= 0.5 hour x 200 buckets
= 100 hours
Budgeted amount of direct labour
= 100 hours x $15
= $1,500
Explanation:
There is need to calculate direct labour hour, which is 0.5 hour multiplied by number of buckets budgeted. then, we will determine the budgeted amount of direct labour, which is budgeted direct labour hours multiplied by hourly rate.
Separation is the correct answer. It’s a legal arrangement that allows a married couple to officially split.
Answer:
The correct answer is (c)
Explanation:
Information systems manager (IS Manager) represent data innovation in an association, regulating a group of IT experts. The job incorporates data frameworks arranging, establishment, and support, including equipment and programming overhauls. IS directors may concentrate on a particular issue, for example, arrange security or Internet administrations, or they may organise all innovation tasks
Answer:
Dr Bad Debts $4,970
Cr Accounts Receivables $4,970
Explanation:
The bad debts are confirmed and once it is confirmed it is written off by decreasing the accounts receivables by the amount as the amount is not now receivable and increase the bad debt expense because this is cost to the company. The bad debts confirmed are accounted for as under:
Dr Bad Debts $4,970
Cr Accounts Receivables $4,970
