The amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.
<h3>Amount owe after adjustment</h3>
Using this formula
Amount owe=Service charges-(Deposit balance×(1-Reserve requirement)×ECR× Number of days/Number of days in a year)
Let plug in the formula
Amount owe = 2500 - (4126000× (1-.10)×0.45%×31/365)
Amount owe = 2500 - (4126000×.90×0.45%×31/365)
Amount owe=2500-1,419
Amount owe =$1081
Therefore the amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.
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Answer:
I think the answer is D. All of the above
Explanation:
If there is a withdrawal of cash from a bank which does not go below the required reserves, the withdrawal will not change money supply but will reduce bank checkable deposits.
<h3>What does withdrawing from a bank do?</h3>
If one withdraws money from a bank, it will reduce the bank's checkable deposits as these are made of cash that was deposited by entities.
As regards total money supply however, these withdrawals will only have an impact if the withdrawal causes bank reserves to fall below the required reserves.
Find out more on required reserves at brainly.com/question/10684321.
Less money up front equals it to be better than renting an appartment
Answer:
$238,148
Explanation:
Total expenses:
= Inventory purchased + Salaries expense + Interest expenses + Insurance expense
= $85,000 + $15,000 + $3,300 + $3,900
= $107,200
Net income:
= Total revenue - Total expenses
= $300,000 - $107,200
= $192,800
Net income after tax:
= Net income - Taxes
= $192,800 - ($192,800 × 9%)
= $192,800 - $17,352
= $175,448
Cash balance:
= Net income after tax - Amount not collected on accounts receivable + Amount not paid on purchases - Prepaid insurance + Money invested by owners + Money borrowed
= $175,448 - $19,900 + $26,500 - $3,900 + $30,000 + $30,000
= $238,148
