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Phantasy [73]
1 year ago
11

The share of deposits that banks must have in reserves is the . The interest rate banks charge each other for very short-term lo

ans is the . The interest rate the Federal Reserve charges commercial banks for loans is the
Business
1 answer:
frutty [35]1 year ago
3 0

The deposits that banks must have in reserve <u>Required reserve ratio</u><u>.</u> The interest rate banks charge each other is the <u>Federal Funds Rate.</u> The rate the Fed charges commercial banks is the <u>Discount rate.</u>

<h3>What are some banking rates?</h3>

The Federal Funds Rate is an interest rate on loans that bank loan each other in the short term.

The discount rate is on loans from the Fed to commercial banks. And the ratio that banks keep at the Fed is the Required Reserve Ratio.

Find out more on the federal fund rate at brainly.com/question/14968110

#SPJ1

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Net Increase in cash = $124,200

Explanation:

Note: The correct value for Year 2021 inventory is $510,300 not $10,300.

Also note: See the attached excel file for the statement of cash flows for 2022.

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w.1: Increase in accounts receivable = Account receivable in 2022 - Account receivable in 2021 = $237,600 - $205,200 = $32,400

w.2: Decrease in inventory = Inventory in 2022 - Inventory in 2021 = $450,900 - $510,300 = -$59,400  

w.3: Decrease in accounts payable = Accounts receivable 2022 - Accounts receivable 2021 = $105,300 - $116,100 = -$10,800

w.4: Disposal of land = Land in 2021 - Land in 2022 = $270,000 - $216,000 = $54,000

w.5: Purchase of equipment = Equipment in 2022 - Equipment in 2021 = $702,000 - $540,000 = $162,000

Download xlsx
3 0
3 years ago
Why would anyone select a bank that has unfavorable overdraft policies
OlgaM077 [116]

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The person may not have options due to age and distance and disabilities.

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6 0
2 years ago
Assume Aircastle reported $20 million in goodwill on its acquisition of Broadvision. Assume the fair value of the earnout in agr
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Answer:

Journal Entry

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The contingent consideration liability will be debited to reduce the liability and goodwill will also be decreased by crediting the goodwill account.

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