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2 years ago

The banking system in the united states is referred to as a fractional reserve banking system because?

1 answer:

5 0

The banking system in the United States is referred to as a fractional reserve bank system because banks hold a fraction of deposits on reserve.

The Reserve bank of India chiefly referred to as RBI is India's valuable financial institution and regulatory frame chargeable for the regulation of the Indian banking gadget. It is below the possession of the Ministry of Finance, authorities of India. It's miles chargeable for the manipulation, difficulty, and maintaining delivery of the Indian rupee.

The reserve bank acts as a regulator and supervisor of the general financial system. This injects public self-belief into the countrywide economic gadget, protects hobby costs, and gives wonderful banking alternatives to the general public. Subsequently, the RBI acts as the company of countrywide forex.

The Federal Reserve Banks are installed like private corporations. Member banks keep stock inside the Federal Reserve Banks and earn dividends.

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Brokerage firms make their profits primarily in which of the following ways? A) Consumer deposits. B) Government deposits. C) Di

Anastasy [175]

Brokerage firms make their profits primarily in : D. Fees commissions on sales or transfers

to put it simply, A brokerage firm is a financial institution that facilitates the selling process of stock/securities between the buyer and the seller. From each transaction that happen, a brokerage firm will receive a commission from its client.

hope this helps

5 0

3 years ago

Read 2 more answers

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s recor

ahrayia [7]

Answer:

Equity at August 1st 0

adds: Carmen Camry Investment 101,4000

Net Income 5,410

Subtotal 106,810

Withdrawals -5,950

Carmen Camry capital account at the end of August 31th 100,860

Explanation:

We have to calculae the net income

Fees earned 26,960

office 5,200

rent expense 9,500

salaries expense 5,560

telephone expense 820

miscellaneous expenses 470

Total Expenses 21,550

Net Income 5,410

Then we do the equity stamtent:

beginning + investment + net income - withdrawals = ending

Equity at August 1st 0

adds: Carmen Camry Investment 101,4000

Net Income 5,410

Subtotal 106,810

Withdrawals -5,950

Carmen Camry capital account at the end of August 31th 100,860

7 0

4 years ago

Read 2 more answers

A customer purchased a $2, 700 item at Appliance World, paying with a credit card. Appliance World is charged a 2% fee by the cr

dalvyx [7]

Answer:

Explanation:

Credit card is one of the most common way of making payment while a customer purchases anything in the market. The credit card company charge an amount that is payable by the seller.Thus, it is an expense for the one selling the product.

Given:

Credit card fee: 2%

Sales = $2,700

Credit card charges can be calculated as:

Credit card charges = Sales*Credit card fee

Credit card charges = $2,700*2%

Credit card charges = $54

Now, credit card charge is an expense so it will be debited. The amount is yet to be received so accounts receivable will also be debited. The revenue has been earned so it will be credited.

Thus, the journal entry for the given transaction has been attached below:

4 0

3 years ago

Byrd Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under

Ann [662]

Answer:

A. EPS for plan 1 is $1.29 and EPS for plan 2 is $1.15

B. EPS for plan 1 is $2.90 and EPS for plan 2 is $3.53

C. Break even EBIT is $247,380 and EPS = $1.60

Explanation:

EPS = Earnings per share = Earnings before tax (EBT) divided by outstanding common stock.

Plan 1

EPS = 200,000 divided by 155,000 = $1.29 per share.

Plan 2

EPS = (EBIT - interest ) all divided by common stock

EPS = ($200,000 - ($1,330,000 x 6%)) / 105,000

= $1.15 per share

Plan 1

EPS = 450,000 divided by 155,000 = $2.90 per share.

Plan 2

EPS = (EBIT - interest ) all divided by common stock

EPS = ($450,000 - ($1,330,000 x 6%)) / 105,000

= $3.53 per share

Break even EBIT is when

EPS (plan 1) = EPS (plan 2)

If we represent the EBIT with ?

? / 155,000 = (? - ($1,330,000 x 6%)) / 105,000

? = $247,380

EPS = $1.60

3 0

3 years ago

Answer the following questions It's Jake from _____

Doss [256]

D) All of the above

All of these can be used in this setence because there are all describe where he is from.

Unless of cource you are talking about State Farm :P

- R3KTFORGOOD ☕

5 0

3 years ago