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1 year ago

In a commercial bank's t-account, reserves and outstanding loans are recorded as?

Business

1 answer:

Vsevolod [243]1 year ago

3 0

In a commercial bank's t-account, reserves and outstanding loans are recorded as assets.

In economic accounting, "reserve" usually has a credit balance and may talk over with part of shareholders' fairness, a liability for envisioned claims, or contra-asset for uncollectible debts. A reserve can seem in any part of shareholders' fairness besides for contributed or simple proportion capital.

Reserves are a part of income or gain that has been allotted for a selected reason. Reserves are usually installed to shop for fixed property, pay bonuses, pay an anticipated prison settlement, pay for upkeep & protection and pay off debt.

Reserves – additionally called retained income – are portions of a commercial enterprise's profits that have been set aside to strengthen the enterprise's economic function.

Learn more about reserves here brainly.com/question/25812353

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Monica spent a lot of time preparing for her interview, but the hiring manager is not asking any of the questions she practiced.

Vinil7 [7]

A) Be flexible and adjust to different situations

This should be the answer as she needs to be flexible and adjust to different situations in situations that she does not expect. She prepared for the interview but the hiring manager is not asking any of the questions she practiced which means that she has to be more flexible and answer the rest of the questions in the interview as best as possible by adjusting to the situation.

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2 years ago

SDJ, Inc., has net working capital of $2,060, current liabilities of $5,550, and inventory of $1,250.

alexandr1967 [171]

Answer:

Current ratio = 1.37 times

Quick Ratio = 1.15 times

Explanation:

The current ratio and quick ratios both are measures to assess the liquidity position of businesses. These are useful indicators of how well the business is equipped to meet its current obligations using its liquid assets.

To calculate these ratios, we must first determine the value of current assets. We are given the value of net working capital. The net working capital is the difference between the current assets and the current liabilities.

Net Working capital = Current assets - Current Liabilities

2060 = Current Assets - 5550

2060 + 5550 = Current Assets

Current assets = $7610

Requirement 1.

The current ratio is calculated as follows,

Current Ratio = Current Assets / Current Liabilities

Current ratio = 7610 / 5550

Current Ratio = 1.3711 rounded off to 1.37 times

Requirement 2.

The quick ratio is calculated as follows,

Quick Ratio = (Current Assets - Inventories) / Current Liabilities

Quick Ratio = (7610 - 1250) / 5550

Quick Ratio = 1.1459 rounded off to 1.15 times

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2 years ago

Ann is trying to decide which one of two job offers she will accept. Several items are presented below:

Daniel [21]

Answer:

c. (1) (3), (5

Explanation:

Based on the information if she is trying to make decision on which one of two job offers she will accept the items that are IRRELEVANT or not important to her decision will be the BASIC SALARY, MOVING ALLOWANCE and INCURRED JOB SEARCH COSTS reason been that what is most relevant to her is how she will choose the best job among the two job offers she has at hand .

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2 years ago

Bernie is a participant in his employer's non-contributory ESOP. Two years ago, his employer contributed stock with a fair marke

vampirchik [111]

Answer:

taxable amount = $10,000

Explanation:

given data

2 year ago fair market value = $30,000

fair market value = $40,000

sold the stock = $50,000

solution

we get here taxable amount when ESOP sold

so taxable amount = Selling price - fair market value on distribution date ...........1

put here value

taxable amount = $50000 - $40000

taxable amount = $10,000 long term capital gain

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2 years ago

Paul is able to look at things from different perspectives. He prefers to watch rather than do, and tends to gather information

Furkat [3]

Answer:

Paul's learning style is that of a Assimilator(a)

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The people with Assimilative learning style prefer to gather wide range of information and then they organize it in clear ,logical format.

These people are attracted towards logical theories like analytical models.

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3 years ago