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2 years ago

Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single

1 answer:

5 0

Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single <u>lend out or invest.</u>

<h3>What is commercial banking ?</h3>

A financial institution that accepts deposits, provides checking account services, makes different loans, and provides fundamental financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses is referred to as a "commercial bank." Most people conduct their financial business at commercial banks.

Commercial banks generate revenue through making loans, including mortgages, vehicle loans, business loans, and personal loans, and charging interest on those loans. The money needed to fund these loans is provided by customer deposits to banks.

Commercial banks provide basic banking services, such as deposit accounts and loans, to individuals and small to medium-sized businesses.
Commercial banks profit from a range of fees as well as from the interest they get on loans.

To learn more about commercial banking from the given link:

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The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage

Shtirlitz [24]

Answer:

a. Year 6 Forecast = 3,775

b. Mean Absolute Deviation (MAD) = 108.3

c. Year 6 Forecast = 3,780

Explanation:

Given

The miles driven during the past 5 years are as follows

Year 1 -- 3,100

Year 2 --- 4,050

Year 3 --- 3,450

Year 4 ---- 3,750

Year 5 --- 3,800

a. The forecast for year 6 is calculated as follows;

Using a 2 year moving average

Forecast = ½(Year 4 + Year 5)

Forecast = ½(3750 + 3800)

Forecast = ½ * 7550

Forecast = 3,775

b. Calculating the Mean Absolute Deviation (MAD), if two years moving average is used.

------------------------------2 year difference ----- Difference

Year 1 -- 3,100 ------------------------------------------

Year 2 --- 4,050 -----------------------------------------

Year 3 --- 3,450 ---- 3,575 -------- 125

Year 4 ---- 3,750 ---- 3,750 ------ 0

Year 5 --- 3,800 ----- 3,600 ------ 200

The 2-year difference column is calculated using.

Summation of previous 2 years forecast * ½

Year 1 and 2 are empty because they don't have previous 2 years.

For year 3;

2 year difference = ½ (year 1 + year 2)

= ½(3,100 + 4,050)

= ½ (7,150)

= 3,575

For year 4

2 year difference = ½ (year 2 + year 3)

= ½(4,050 + 3,750)

= ½ (7,500)

= 3,750

For year 5:

2 year difference = ½ (year 3 + year 4)

= ½(3,750 + 3,450)

= ½ (7,200)

= 3,600

Mean Absolute Deviation (MAD) = (Summation of Difference)/3

Mean Absolute Deviation (MAD) = (125 + 0 + 200)

Mean Absolute Deviation (MAD) = 325/3

Mean Absolute Deviation (MAD) = 108.3

c. for year 6 using a weighted 2-year moving average with weights of 0.40 and 0.60

For year 5:

Forecast = 0.4 * year 4 + 0.6 * year 5

= 0.4(3,750) + 0.6(3,800)

= 3,780

5 0

3 years ago

Vast creative specialises in styling and art direction in the advertising industry.the management of vc wants to change the stru

babunello [35]

Explanation:

Resistance to change occurs when there is some kind of change in the organization, such as changes in the structure of the business, changes in teams, technologies, etc.

This is because there is insecurity in employees, often due to lack of sufficient information about the change and fear of not being able to adapt.

To eliminate employee resistance, company managers must communicate how the change will occur and why it is necessary, listing the positives of the changes and the benefits it will bring to the organization, enabling feedback so that employees feel included and their perception be positive.

5 0

3 years ago

C.S. Sandhill Company had the following transactions involving notes payable. July 1, 2022 Borrows $62,000 from First National B

netineya [11]

Answer:

C.S. Sandhill Company

Journal Entries:

July 1, 2022

Debit Cash $62,000

Credit 9-month, 8% Notes Payable (First National Bank) $62,000

To record signing of a 9-month 8% notes payable for cash borrowed.

Nov. 1, 2022

Debit Cash $65,000

Credit 3-month, 6% Notes Payable (Lyon County State Bank) $65,000

To record the signing of a 3-month 6% notes payable for cash borrowed.

Dec. 31, 2022

Debit Interest Expense $3,130

Credit Interest Payable $3,130

To record interest expense for the two notes. See calculations below.

Feb. 1, 2023

Debit 3-month, 6% Notes Payable (Lyon County State Bank) $65,000

Debit Interest Payable $650

Debit Interest Expense $325

Credit Cash $65,975

To record the repayment of the notes payable with interest due.

Apr. 1, 2023

Debit 9-month, 8% Notes Payable (First National Bank) $62,000

Debit Interest Payable $2,480

Debit Interest Expense $1,240

Credit Cash $65,720

To record the repayment of the notes payable with interest due.

Explanation:

a) Data and Analysis:

July 1, 2022 Cash $62,000 9-month, 8% Notes Payable (First National Bank) $62,000

Nov. 1, 2022 Cash $65,000 3-month, 6% Notes Payable (Lyon County State Bank) $65,000

Dec. 31, 2022 Interest Expense $3,130 Interest Payable $3,130 ($62,000 * 8% * 6/12) + ($65,000 * 6% * 2/12)

Feb. 1, 2023 3-month, 6% Notes Payable (Lyon County State Bank) $65,000 Interest Payable $650 Interest Expense $325 Cash $65,975 (Interest expense = $325 ($65,000 * 6% * 1/12)

Apr. 1, 2023 9-month, 8% Notes Payable (First National Bank) $62,000 Interest Payable $2,480 Interest Expense $1,240 Cash $65,720 (Interest expense = $1,240 ($62,000 * 8% * 3/12)

3 0

3 years ago

59. What is a contingency? a. An existing situation where certainty exists as to a gain or loss that will be resolved when one o

Vera_Pavlovna [14]

Answer:

Correct option is D.

Explanation: A contingency is an existing situation where uncertainty exists as to possible gain or loss that will be resolved when one or more future events occur or fail to occur.

In business, a contingency plan is a plan or course of action a company would implement if an unexpected event occurs. Basically, what this means is that a company is preparing for any outcome.

6 0

3 years ago

Many people have argued that an income tax should be "marriage neutral," that is, two people should pay the same total tax whe

worty [1.4K]

Answer:

Ben would pay more in taxes.

Explanation:

A progressive income tax increases the tax rate as the taxpayer earns more money.

In this case, Ben would be taxed as earnings $60,000 which is probably a much higher tax rate than the applicable one for $30,000. If we use the current tax brackets for 2020, Ben would fall under the 22% tax bracket while both Cathy and Dylan would fall under the 12% tax bracket. Obviously Ben would pay much more in taxes.

7 0

3 years ago