Answer:
correct option is c. $27,000
Explanation:
given data
hold as reserve = 9 %
excess reserves = $18,000
sells bill = $9,000
solution
we know that here if bank sells off treasury bill to the Fed
it is getting amount in return
so that money complete lent out in the form of loan
so here total amount that bank lent out is express as
total amount that bank lent out = $18000 + $9000 ......................1
total amount that bank lent out = $27000
so correct option is c. $27,000
I believe the answer would be the mechanical solution.
Answer:
The annual rate of return of the invesment will be -14,97%
Explanation:
The initial investment is 45.000 and after 5 years the value of the investment is only 20.000. Here we can see a destruction of value (20.000 < 45.000). In finance, the time takes an essential part in calculation, so through the interest rate we calculated how bad was the investment in annual terms. The formula is as follows: Final investment value=(Initial investment*(1+interest rate)^(total years)) in our case would be: 20.000=(45.000*(1+interest rate)^(5)) From this formula we got -14,97%
Answer:
a. Journalize the adjusting entry for the estimated customer allowances.
- Dr Sales returns and allowances 10,500
- Cr Customer refunds payable 10,500
The adjusting entry should = total sales x estimated percent of returns = $1,750,000 x 0.6% = $10,500
b. Journalize the adjusting entry for the estimated customer returns.
- Dr Estimated returns inventory 8,000
- Cr Cost of merchandise sold 8,000
This amount is given in the question, $8,000, so you need to record it as a decrease in COGS and an increase in returns inventory.
Answer:
a condition subsequent.
Explanation:
Based on the scenario being described within the question it can be said that this clause is known as a condition subsequent. This refers to an event or state of affairs that causes something else to come to a close, usually being an individuals legal rights or duties that come to an end. Which in this case if the condition is met in this scenario then it would cause Jack to retrieve the right to sell the frozen food himself.