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forsale [732]
1 year ago
7

Bank reserves include Part 2 A. vault cash and deposits with the Federal Reserve. B. loans to bank customers and deposits with t

he Federal Reserve. C. vault cash and loans to bank customers. D. customer checking accounts and vault cash.
Business
1 answer:
Sergeu [11.5K]1 year ago
7 0

Bank reserves include vault cash and deposits with the Federal Reserve

<h3>What is cash?</h3>

Cash is money in the physical form of currency, such as banknotes and coins, in economics. Cash is a current asset in bookkeeping and financial accounting that consists of currency or currency equivalents that can be accessed immediately or nearly immediately.

Cash (currency or coins) is legal tender that can be used to exchange goods, debt, or services. It may also include the value of assets that can be quickly converted into cash, as reported by a company.

Money in checking accounts Money in savings accounts Drafts from banks Orders for money Petty cash

To know more about cash follow the link:

brainly.com/question/24373500

#SPJ4

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Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales $4,00
Ierofanga [76]

Answer:

See explanation section

Explanation:

See the image below

8 0
3 years ago
You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A) Com
Allisa [31]
D) Compounding daily
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4 0
3 years ago
Below are several amounts reported at the end of the year. Currency located at the company $ 950 Supplies 2,800 Short-term inves
choli [55]

Answer:

$17,350

Explanation:

Calculation to determine the amount of cash to report in the balance sheet.

Currency located at the company $950

Add Short-term investments that mature within three months 1,850

Add Balance in savings account 8,100

Add Checks received from customers but not yet deposited 550

Add Coins located at the company 100

Add Balance in checking account 5,800

Total Cash $17,350

Therefore the amount of cash to report in the balance sheet is $17,350

8 0
2 years ago
On February 3, Smart Company sold merchandise in the amount of $5,800 to Truman Company, with credit terms of 2/10, n/30. The co
ivolga24 [154]

Answer:

a. Cash 5,684 Sales discounts 116 , Accounts receivable 5,800

Explanation:

The journal entry is shown below:

Cash A/c Dr                   $5,684

Sales Discount A/c Dr $116

     To  Accounts receivable    $5,800

(Being cash received recorded)

The computation of the account receivable  

= $5,800

And, the discount would be

= Accounts receivable × percentage given

= $5,800 × 2%

= $116

The remaining amount would be credited to the cash account i.e $5,684 ($5,800 - $116)

7 0
4 years ago
Imagine the economy is defined by the consumption function of C = 140 + 0.9 (Yd) where 140 is autonomous consumption, 0.9 is mar
polet [3.4K]

Answer:

1. Y = 3730

2. Consumption function

Explanation:

1. Given that,

C = 140 + 0.9 (Yd)

T = 0.3Y

Yd=Y-T

I = 400, G = 800, X = 600, M = 0.15Y

Y = C + I + G + (X - M)

Y = 140 + 0.9 (Y - 0.3Y) + 400 + 800 + (600 - 0.15Y)

Y = 140 + 0.9 Y - 0.27Y + 1,800 - 0.15Y

Y = 1,940 + 0.48Y

Y - 0.48Y = 1,940

0.52Y = 1,940

Y = 3,730.76 or 3,730

2. C = 210 + 0.8 (Yd) is a consumption function.

5 0
3 years ago
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