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enot [183]
3 years ago
9

Inferring Transactions from Financial Statements

Business
1 answer:
skad [1K]3 years ago
7 0

Answer:

Please see attachment

Explanation:

Please see attachment

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If people refused to use banks to create checkable deposits, the banking system would:___.
irinina [24]

If people refused to use banks to create checkable deposits, the banking system would not be able to create new money.

Checkable deposits include all accounts on which checks can be drawn. These deposits allow the owner of bank account to write checks to third parties. Also, they are very liquid assets that allow depositors to have an easy access to their funds.

For these reason, checkable deposits generally are important but also one of the lowest-cost source of bank funds, covering a large share of bank liabilities. Thus, banks create money by lending excess reserves to consumers and businesses.

Hence, if people refused to use banks to create checkable deposits, the money multiplier decreases.

To learn more about Checkable deposits here:

brainly.com/question/15867820

#SPJ4

7 0
1 year ago
In its recent income statement, a firm reported $25 million of net income, and in its year-end balance sheet, the firm reported
frez [133]

Answer:

The answer is B. $10,000,000

Explanation:

The formula for dividend paid to shareholders is

Beginning Retained Earnings plus net income minus ending retained earnings.

Please refer to the attached for the calculation

5 0
3 years ago
How should sbs classify the spare parts that it expects to use within one year — as inventory or as a prepaid/other current asse
ahrayia [7]
Sbs could do it by starting to find out each functions of the spare parts.
If the spare parts is resided to be a part of the product, it should be classified as inventory.
IF the spare parts is resided for people who want to redeem warranty, it shold be classified as prepaid.
If the spare parts is part of research and development it should be classified as other assets.
8 0
3 years ago
He embryo is most susceptible to adverse influences during the period from 15 to 60 days after conception. this period is referr
Harman [31]
~Hello There!~

This period is referred to as the period of organogenesis.

Hope This Helps You!
Good Luck :)
Have A Great Day ^_^

- Hannah ❤ 
7 0
3 years ago
A company uses the gross method to account for cash discounts offered to its customers. If payment is made before the discount p
Tomtit [17]

Answer:

I don't know what are the options available but I know how to account for the cash discounts. For example if the company $10 of discount to the customer for purchasing $100, then the accounting treatment will be as under:

Dr Cash discount (Expense in nature)   10

Dr  Cash Received                                   100

Cr          Sales                                                     110

4 0
3 years ago
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