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Bess [88]
1 year ago
10

The amount of reserves that a commercial bank is required to hold is equal to?

Business
1 answer:
kramer1 year ago
5 0

Answer:

its checkable deposits multiplied by the reserve requirement.

Explanation:

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Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its rece
Shkiper50 [21]

Answer:

$106 million

Explanation:

                               allowance for doubtful accounts

                               debit             credit

beg. balance                                   426

bad debt                                           85        

ending balance       <u>405                        </u>

                                                        106

Since you need $106 million to balance the account, that should be the amount of bad debt written off during the current year. Allowance for doubtful accounts is a contra asset account, any debit balance increases accounts receivable while a credit balance decreases it.

6 0
3 years ago
Good Foods has net income of $82,490, total equity of $518,700, and total assets of $1,089,500. The dividend payout ratio is .30
dexar [7]

Answer:

5.6%

Explanation:

Internal growth rate can be calculated as below:

Internal growth rate = (Return on asset x Retention Rate)/[1 - (Return on asset x Retention Rate)]

Retention rate  = 1 - Payout ratio = 1 - 30% = 70%

Return on asset = Net income/Asset = 82,490/1,089,500 = 7.6%

Putting all the number together, we have:

Sustainable growth rate = (7.6% x 70%)/[1 - (7.6% x 70%)] = 5.6%

8 0
3 years ago
As it turns out, Brian and Sondra's good fortune with the restaurant has caused their competitors to lose business. In fact, Caj
iren2701 [21]

Answer: Brian and Sondra have, done nothing illegal

Explanation:

Brian and Sondra company are totally in their right, they are not directly involved in the poor fortunes of their competitors.

A rise in sales at Brian and Sondra company led to drop in the sales of their competitors leading to closure of their competitors businesses.

5 0
3 years ago
If you wish to enter the field of soil and
faltersainse [42]

4 year college degree is the minimum educational goal to attain if one wish to enter the field of soil and forest conservation.

The 4 year college degree is tantamount to the Bachelor degree achieved from University, college etc.

Usually, the position of forestry and related job requires the minimum of Bachelor degree from related course in the field of soil and forest conservation.

Hence, the 4 year college degree is the minimum educational goal to attain if one wish to enter the field of soil and forest conservation.

Therefore, the Option C is correct.

Read more about forestry

<em>brainly.com/question/24518939</em>

6 0
3 years ago
The matching concept a. determines that expenses related to revenue be reported at the same time the revenue is reported b. addr
OLga [1]

Answer:

The correct answer is letter "A": determines that expenses related to revenue be reported at the same time the revenue is reported.

Explanation:

According to the matching accounting principle, during the same accounting period, the revenues and expenditures needed to generate such revenues have to be recorded. This is part of the accrual accounting method that specifies expenses and revenue must be recorded when incurred not when cash is received.

6 0
3 years ago
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