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1 year ago

When the value of a bank's assets is than its liabilities, the bank is said to be:_____.

Business

1 answer:

mr_godi [17]1 year ago

3 0

The value of a bank's assets is than its liabilities, the bank is said to be <u>solvent</u>

<h3>What is assets?</h3>

Any resource that a company, an organization, or an economic body owns or controls is considered an asset. It encompasses everything that has the potential to generate gains in the economy. When turned into money, assets indicate the worth of ownership.

<h3>What do you mean by solvent in accounting?</h3>

A company's capacity to fulfill its short-term and long-term financial commitments is known as its solvency. One indicator of a company's financial health is its level of solvency, which reveals whether it will be able to continue running its business into the near future. Ratio analysis is a tool investors can use to assess a company's solvency.

To know more about solvent in accounting visit:

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Michael works as a financial advisor in a doctor’s office. The two organizations that Michael most likely belongs to are the

Zigmanuir [339]

<span>AFP and AMA

AFP american family physician
AMA american medical association</span>

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2 years ago

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Jones Lumber Co. has annual fixed costs including depreciation of $300,000 and variable costs that are 88.25 percent of sales. W

STALIN [3.7K]

Answer:

$2,553,191

Explanation:

The formula to compute the break even point in dollars amount is presented below:

= (Fixed cost ) ÷ (Profit volume ratio)

where,

Fixed cost = $300,000

And the profit volume ratio would be

= (Contribution margin) ÷ (Sales) × 100

We assume the sales be 100%

So, the variable cost is

= 88.25%

And, the contribution margin is

= 100 - 88.25

= 11.75%

So, the break even sales would be

= $300,000 ÷ 11.75%

= $2,553,191

7 0

2 years ago

A customer invests 50000. 10 years later, the investment is worth 100000. the customers annual compouned rate of return is?

9966 [12]

<u>Answer:</u> The rate of interest is 7.18 %

<u>Explanation:</u>

To calculate the rate of interest, we use the equation used for the interest compounded monthly follows:

$A=P(1+\frac{R}{n})^{nT}$

A = Amount after time period 'T' = $100,000

P = Principal amount = $50,000

R = rate of interest = ?

n = Number of times interest applied per time period = 1 (annually)

T = time period = 10 years

Putting values in above equation, we get:

$100,000=50,000(1+\frac{R}{1})^{1\times 10}\\\\R=0.0718$

Calculating the rate of interest in percentage:

$\Rightarrow R\times 100=0.0718\times 100=7.18\%$

Hence, the rate of interest is 7.18 %

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2 years ago

Define organization and explain three of the characteristics of organization. Give three examples of organizations, try to inclu

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Answer:

Organization is arranging or coordinating especially in a business, society, or association aspect. Examples of organization could be:

1. Arranging a group of people who work in specific studies

2. Taking books by their genre, and putting them together

3. The economic pyramid, is the perfect example of an organization. Defining society by class.

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1 year ago

Question 7 of 10

garik1379 [7]

Answer:

Foreclosure appeexx

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2 years ago

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