Answer and Explanation:
The computation of the reserve requirement is given below;
Required reserves is
= Deposits - loans - excess reserves
= $400 - $362 - $6
= 32 million
And,
Required reserve ratio is
= Required reserves ÷ Deposits
= 32 ÷ 400
= 8%
In this way, it should be determined so that the correct value & percentage could come
Answer:
Increase in Cash is $3,500
Net cash flow from operations $143,310
Net cash flow from investing activities $4,500
Net cash flow from Financing activities -$135,310
Explanation:
Please refer to the attached for detailed prssentation
Answer:
d. $5,204
Explanation:
Interest expenses up to December 31, 2020 = (Total present value of lease payment - Lease payment on July 2021) * 8% * 6/12
= $61,600 - $8,500 * 8% * 6/12
= $53,100 * 8% * 6/12
= $2,124
Depreciation Expenses up to December 31, 2021
= Fair value of equipment / Useful life * 6/12
= ($61,600 / 10) *6/12
= $6,160 * 6/12
= $3,080
Therefore, the total decrease in earnings (Pretax) in Larlas December 31, 2021 Income statement would be
= Interest expenses + Depreciation Expenses
= $2,124 + $3,080
= $5,204
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Answer:
Charity fund should be handled with care as it is donor's money which should be handled with care. The amount of charity should be spent for the actual cause.
Explanation:
Charity fund is the money which should be handled with great care. The major fund of the charity should be attribute to the main cause and there should be proper record maintenance for every penny spent. The charity fund is the responsibility of the management and any donor can ask anytime about the money spent.
