If the required reserve ratio is a uniform 25 percent on all deposits, the money multiplier will be: a. 4.00.
<h3>Money multiplier</h3>
Using this formula
Money multiplier=1/required reserve ratio
Where:
Required reserve ratio=25% or 0.25
Let plug in the formula
Money multiplier=1/.25
Money multiplier= 4.00
Inconclusion if the required reserve ratio is a uniform 25 percent on all deposits, the money multiplier will be: a. 4.00.
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C
Cause it doesn’t matter if he went to collage or not
Answer:
a. Hiring former employees from other companies and assessing their knowledge.
Explanation:
"Benchmarking" is<em> a process conducted by a company when it wants to compare its performance with other competitors.</em> In order to do this, the company needs to look into <em>specific metrics</em> and<em> </em>approaches in order to analyze their company's operation and how well it does compared to others.
Hiring former employees from other companies and assessing their knowledge is not a typical/common strategy in order to obtain benchmarking data. Not many companies would like to rehire and if they ever do, it will be hard to use the benchmarking data since the former employee's company might be totally different from yours. Remember that competitive benchmarking is only done when you want to compare with your<u> competitors in the same field of business.</u>
Answer:
$16,400
Explanation:
Depreciation for 2020 is calculated as;
= (Cost - Nill value) × 50% × 6/12[July to December)
Given that ;
Cost = $65,600
Depreciation = ($65,600 - 0) × 0.5 × 6/12
Depreciation = $16,400
Therefore, depreciation for 2020 is $16,400.
A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.
Bank reconciliation is the way in which the bank balance is compare with cash balance in order to detect and rectified any discrepancies or error.
Important of Bank reconciliation includes:
• It enables company's or organizations to know the actual position of their bank balanc
•It help to detect errors
•It help to detect fraud
•It help to prevent fraud
•It help to prevent embezzlement of money.
•It help to verify the accuracy of both the bank balance and the cash balance.
Inconclusion A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.
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