Answer:
B
Explanation:
Capital Structure decision is determining the optimal way of raising capital either through Equity or Debt.
Answer:
September 9, petty cash fund is established
Dr Petty cash 440
Cr Cash 440
September 30, petty cash fund expenses
Dr Merchandise inventory 44
Dr Postage expenses 54
Dr Miscellaneous office expenses 144
Dr Cash short and over 10
Cr Petty cash 252
September 30, petty cash fund reimbursement
Dr Petty cash 252
Cr Cash 252
October 1, petty cash fund increased to $485
Dr Petty cash 45
Cr Cash 45
Answer: A. What was your average compounded return per year over a particular period?
Explanation:
Geometric return is calculated by the formula;
= [(1 + r1) * (1 + r2) * (1 + r3) *.... (1 + rn)] ^1/n
This allows for one to calculate the compounding effect over a period of time by showing the compounded annual growth rate which means that it tells what the average compounded return was per year in a particular period.
Answer:
B) Durable
<u>Multiple-choices</u>
A) Portable B) Durable
C) Divisible
D) Acceptable
Explanation:
Durability is a vital feature of money. It refers to the ability of money to be used over and over again. Durability implies that money should withstand wear and tear for a long duration. Because money is meant to circulate without limitations, it should be made to last for a considerable period. Printing of money is an expense. To save on this cost, both notes and coins should be made durable.
Answer:
c. will be able to make new loans up to a maximum of $9.50
Explanation:
If the reserve requirement is 5% it means that the bank is required to reserve(not loan out) 5% of it's reserves so in this case the bank is required to 5% of 10 (0.05*10) $0.50 as reserves and can loan out $9.50 (10-0.50). As the bank has no desire to hold on to excess reserves we can be sure that it will only hold 0.50 as reserve as it is required and loan out $9.50. So statement c is correct.
Statement A is incorrect because the bank does not need to increase required reserve by $10 but by just $0.50.
Statement B is incorrect a deposit of $10 cannot increase the total reserve by $10.50 as it is impossible mathematically.
Statement d is incorrect because 2 of the 3 statements are incorrect therefore all of the above statements cant be correct.
