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2 years ago

If a bank needs to acquire funds quickly to meet an unexpected deposit outflow, the bank could:_________

1 answer:

7 0

If a bank needs to acquire funds quickly to meet an unexpected deposit outflow, the bank could borrow from another bank in the federal fund market.

Deposit outflows are the losses of deposits while depositors make withdrawals or demand prices. A deposit is a financial term that means cash held at a financial institution. A deposit is a transaction concerning a transfer of cash to another celebration for safekeeping. but, a deposit can refer to a portion of the money used as safety or collateral for the transport of an amazing.

The federal funds market consists of domestic unsecured borrowings in U.S. greenbacks via depository establishments from different depository institutions and positive other entities, more often than not government-backed businesses.

The federal funds rate is one of the maximum vital interest quotes within the U.S. economy. this is because it influences economic and financial conditions, which in flip have a pertaining to important factors of the broader economic system consisting of employment, increase, and inflation.

Learn more about the federal funds rate here brainly.com/question/8431971

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The following information was taken from the records of Marigold Inc. for the year 2020: Income tax applicable to income from co

ivolga24 [154]

Answer:

Net income is $312,610.

Explanation:

This can then be prepared as follows:

Marigold Inc.

Single-Step Income Statement

For the Year 2020

Particulars $ $

Revenue

Sales Revenue 1,634,000

Rent revenue 34,400

Gain on sale Of equipment 81,700

Total revenue 1,750,100

Expenses

Cost of goods sold (731,000)

Selling expenses (258,000)

Administrative expenses (206,400)

Loss on write-down of inventory (51,600)

Total expenses  (1,247,000) 

Operating income before tax 503,100

Tax on income from continuing

operations (160,820)

Income from operation after tax 342,280

Other income (loss ) (net of tax)

Unrealized holding gain on

available-for-sale securities (net of tax) 12,900

Income from continuing operations

after tax 355,180

Discontinued operations

Loss on discontinued operations

before tax (64,500)

Tax on loss on discontinued operations 21,930

Loss on discontinued operations after tax (42,570)

Net income  312,610 

Earning per share

(Net income / Number of Shares outstanding) 3.13

5 0

3 years ago

Many economists argue that, in the long run, the economy self-corrects and achieves full employment. What is this argument calle

Serggg [28]

Answer:

Classic Model

Explanation:

Classical economists brought the view of market economy for the most effective solution of economic problems. They advocated that economic problems would be solved spontaneously and within the framework of the possibilities, if the rules of the market economy were followed, and they defined the state as a unit that operates in a limited area and does not interfere with the economy.

Classical economists argued that the economy would automatically stabilize at full employment level under conditions of full competition.

The basis of the classical model is the assumption that the economic units are rational. Consumers try to maximize their benefits, while manufacturers try to maximize their profits. Classical economists argue that the state should not interfere with the economy. Because, according to the classics, the economy will always be fully employed and the general level of prices will always make a certain level of decision. The state does not need to get involved in the economy in order to reach full employment and to get rid of excessive price movements such as inflation and deflation. The "invisible hand" in the economy provides spontaneous full employment and price stability.

The basic assumptions of classical economic theory are as follows;

- Full competition conditions apply in the economy.

- Fees, interest rates and commodity prices are flexible.

- Each supply creates its own demand. (Say's Law)

- In the economy, money is demanded only for trading purposes, money is neutral. Money supply only affects the absolute price level, not relative (relative) prices and the real economy.

The classic model was popular before the Great Depression. It was said the economy was developing freely and that prices and wages were adjusted according to the time-consuming ups and downs. In other words, when times are good, wages and prices are rising rapidly, and when times are bad, wages and prices are set free. The main assumption of this model is that the economy is always in full employment, that is, everyone who wants to work is fully trained and able to work from all sources. Classical economists believe that the economy is self-adjusting, meaning that no one needs help in the event of recession. This is a Classic Model.

3 0

3 years ago

Banks Company sold merchandise on account for $35,000 with terms 2/10, n/30. The cost of goods sold was $27,600. If the invoice

WITCHER [35]

Answer:

The amount of cash received by Banks Company is $34,300

Explanation:

The computation of the cash received by the bank company is shown below:

= Merchandise amount - discount

where,

Merchandise amount is $35,000

And, the discount equal to

= Merchandise amount × discount percentage

= $35,000 × 2%

= $700

Now put these values to the above formula

So, the value would equal to

= $35,000 - $700

= $34,300

3 0

3 years ago

Based on your reading of the following passage, to which listed careers do you think John might be suited? (Select all that appl

lesya [120]

Answer:

a seaman

a rail yard worker

Explanation:

7 0

2 years ago

If you have contacted a seller to report a problem with a product and you were ignored, what should you do next?

KatRina [158]

Call back and try to report the problem again.

8 0

2 years ago