1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zaharov [31]
3 years ago
14

Refer to the accompanying table. if a bank has $60 million in savings deposits and $40 million in checkable deposits, then its r

equired reserves are
Business
1 answer:
mrs_skeptik [129]3 years ago
6 0

I'll say 20 percent im not complete sure if i am you should end up with

92000000

You might be interested in
Portman Industries just paid a dividend of $2.40 per share. The company expects the coming year to be very profitable, and its d
Marina86 [1]

Answer:

Dividend for year one;

2.40 × (1+0.12)= 2.688

For year 2

2.40 × (1+0.12)^2 =3.01056

For year 3

2.40 ×(1+0.12)^3 = 3.3718

4 0
3 years ago
Katherine Potter knew a good thing when she saw it. At least, it seemed so at first. She was traveling in Italy when she spotted
lilavasa [31]
  • Katherine had to rush to the bank every few months to borrow more money. She didn't really talk to her banker about her financial situation because she had no trouble getting larger loans. You see, she was always on time with her payments. Katherine always took trade discounts to save money on her purchases. That is, she paid all of her bills within 10 days in order to save the 2% discount offered by her suppliers for paying so quickly.
  • Katherine's products were mostly purchased on credit. They'd buy a few lamps and a pot, and Katherine would let them pay overtime. Some were extremely slow to pay her, taking six months or more.
  • Katherine noticed a small drop in her business after three years. The local economy was struggling, and many people were losing their jobs. Nonetheless, Katherine's business remained steady. Katherine received a phone call from the bank one day, informing her that she was behind on her payments. She explained that she had been so preoccupied that she had missed the bills. The issue was that Katherine did not have enough money to pay the bank. She frantically called several customers for payment, but none of them could pay her. Katherine had a classic cash flow problem.
<h3>How is it possible to have high sales and high profits and run out of cash while running a business?</h3>

It is entirely possible if you have a high level of accounts receivables and inventory and a low level of accounts payables. A sale is recorded when an invoice is raised, and a shipment is delivered; this does not always imply that you received cash and that it is recorded in your accounts receivable. Similarly, if you keep a lot of inventory, a lot of your money is locked up until the inventory is sold. On the contrary, if your payment terms with your suppliers are less favorable, you will end up paying before your receivables convert to cash. As a result, high sales and profits do not always imply a strong cash position.

Learn more about profit:

brainly.com/question/13050157

#SPJ4

4 0
2 years ago
How to calculate APS?
anyanavicka [17]
Assuming that you mean the APS referring to college/ high school subjects, it goes as follows: 

There are a total of 8 levels on the APS, starting at 0, 2, 3, 4, 5, 6, 7, and 8 

an 8 is a score of between 90% and 100% 
7 is between 80 and 89% 
6 is between 70 and 79% 
5 is between 60 and 69% 
4 is between 50 and 59%
vice versa... 
and a 0 is between 0 and 29%

5 0
3 years ago
If a nation’s currency doubles in value on foreign exchange markets, the currency is said to ________, reflecting a change in th
grin007 [14]

Answer: Appreciate, nominal

Explanation: If a nation's currency doubles in value, it is said to appreciate, thereby reflecting a change in the nominal exchange rate. An increase in a nation's currency signifies an appreciation of its currency. When the currency appreciates, it affects the exchange rate at which the currency can be traded.

Option b is not correct because when a currency appreciates, it does not necessarily affect the real exchange rate. Real exchange rate means the rate at which goods and services of a country can be traded for goods and services of another country.

3 0
3 years ago
Read 2 more answers
Camille is becoming extremely fearful of becoming ill as she ages, and constantly makes preparations for the help that she think
Margaret [11]
According to the American psychologist who specialized in adult development, Camille may be experiencing the turmoil of becoming ill. It is when a person ages, especially at around 50 years old that a person becomes aware that people their age die regularly. As such, they develop the fear of becoming ill. 
8 0
3 years ago
Other questions:
  • A review of Munchen Corporation's financial statements reveals the following information: cost of goods sold: $100,000; decrease
    13·1 answer
  • Which of the following people would be considered unemployed by the Bureau of Labor Statistics? I. Mrs. X retires from her job a
    6·1 answer
  • Which of the following statements regarding a monopolist is false? A. The marginal revenue cure lies below the demand curve for
    6·1 answer
  • Southwest Components recently switched to activity-based costing from the department allocation method. The Fabrication Departme
    5·1 answer
  • If actual output exceeds potential output for a prolonged period of time, we would eventually expect factor prices to:
    5·1 answer
  • You purchased 1,350 shares of stock in Natural Chicken Wings, Inc., at a price of $43.58 per share. Since you purchased the stoc
    5·1 answer
  • CC’s is analyzing a proposed project with anticipated sales of 3,620 units, give or take 5 percent at a sales price of $24, plus
    10·1 answer
  • The Square Box is considering two projects, both of which have an initial cost of $35,000 and total cash inflows of $50,000. The
    8·1 answer
  • Evaluate the three types of costs considering the trade-offs within manufacturing a product and/or producing a service?
    15·1 answer
  • A company's beginning cash balance was $4,000. at the end of the period, the balance was $3,000. if total cash paid out during t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!