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____ [38]
2 years ago
6

In the month of July (31 days), a company had an available balance in their deposit account of $4,126,000 and service charges of

$2,500. If the ECR for the month was 45 bp (0.45%), and the reserve requirement of 10%, how much will the company owe the bank in hard dollar fees, after adjustment for earnings credit
Business
1 answer:
anygoal [31]2 years ago
8 0

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.

Learn more about Amount owe after adjustment here:brainly.com/question/27489236

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A simultaneous increase in both unemployment and inflation is most likely to be the result of a(n): Group of answer choices decr
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Explanation:

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The Supply of Labour will increase in the Long run because the wage price will have sufficient time to adjust and increase to a new equilibrium level. .an increase in wage price will increase the quantity of supplied.

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3 years ago
While advocates of a market-oriented economy tend to argue that consumers benefit substantially when firms seek short-term profi
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3 years ago
A team of people is giving a presentation to a client. One member says to a coworker, open double quote"I can't believe we've fi
Alexxandr [17]

Answer:

Letter C is correct. <u>Adjourning.</u>

Explanation:

The stage of adjourning t is characterized by the final stage of project development. When this is over the team disperses, so at this stage there is often a sense of loss by team members, who have formed bonds of rapprochement and friendship throughout the development of the project and at the end of the experience develop a sense of loss.

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3 years ago
A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a
LenKa [72]

Answer:

option A,$19,200

Explanation:

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The correct option is $19,200 option A.

One should be misled by the issue price of $8 per share,since that gives a different option which is wrong

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4 years ago
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Answer:

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I recently saw a movie in which there was a couple who was going through integration period of Knapp's relational development. They express their love for each other and plans to marry soon. Once they are married they identify the difference in their cultures because both of them belonged to different religion. The difference start to create problems between them and they now quarrel with each other over small things. The relation goes into circumscribing stage where there is less exchange of information between the couple and they avoid talking to each other. There is an increase communication gap between two. As the movie moves to climax both of them are in Stagnation stage where each of them feels stuck in this relationship and suddenly there is an accident and one of them dies. The movie ends with lifetime regrets for the one who survives.

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