Answer:
Change in checking deposit is $18,20,000
Explanation:
Checking account is the kind or form of deposit account that is held at a institution and it allows the deposits as well as withdrawals.
The change in the checking deposit is computed as:
Change in Checking deposit = Deposit amount / Required reserve ratio
where
Demand deposit is $800,800
Required reserve ratio is 0.440
Putting the values above:
Change in checking deposit = $800,800 / 0.440
Change in checking deposit = $18,20,000
Answer:
By how they work and how they are in their field
Answer: 45 people
Explanation: 15 x 3 = 45.
A sale is made to every third person. So this can be broken up in multiples of three (with one being the person who buys, and the other 2 are not buying). If you count in multiples of 3, 15 times (ie. 3 x 15)then it will give you 45, indicating that for every 3 people who enter the store, only one actually buys something.
Answer:
$142857.14
Explanation:
<u>Given:</u>
Present value (PV) = ?
Cash Flow (C) = $10,000
Discount Rate = 7% = 7 / 100 = 0.07
Calculation of Present Value.
Present Value = Amount of Cash Inflow / Discount rate
Present value = $10,000 / 0.07
Present Value = $142,827.143
So, Present value of Perpetuity is $142,827.14 must be donate to get scholarship .
Answer:
(i) 1.57
(ii) 12.40%
(iii) $76,898.60
Explanation:
Debt-equity ratio = debt/equity
Hence debt= 0.57 equity
= (0.57 × 620000)
= $353,400
Total assets = debt + equity
= (353400+620000)
= $973400
1. Equity multiplier = Total assets ÷ Equity
= $973,400 ÷ 620,000
= 1.57
3. ROA = net income ÷ Total assets
net income = ($973,400 × 0.079)
= $76,898.60
2. ROE = net income ÷ Total equity
= $76,898.60 ÷ 620,000
= 12.40%(Approx).
