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3 years ago

1) Banks hold excess and secondary reserves to

1 answer:

6 0

1) Banks hold excess and secondary reserves toA) reduce the interest-rate risk problem.

2) Which of the following statements most accurately describes the task of bank asset management?
b. Banks seek to have the highest liquidity possible subject to earning a positive rate of return on their operations.

3) The goals of bank asset management include
d. purchasing securities with high returns and low risk.

Hope this helps. Have a nice day.

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You are the manager of a pizzeria that produces at a marginal cost of $6 per pizza. The pizzeria is a local monopoly near campus

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Answer:

since the price elasticity of demand for students is -4, the the price charged to them should be:

price = [-4 / (-4 + 1)] x $6 = (-4 / -3) x $6 = $8

since the price elasticity of demand for faculty is -2, the the price charged to them should be:

price = [-2 / (-2 + 1)] x $6 = (-2 / -1) x $6 = $12

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3 years ago

Fargo Company's outstanding stock consists of 400 shares of noncumulative 5% preferred stock with a $10 par value and 3,000 shar

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Answer: Option (a) is correct.

Explanation:

Given that,

Dividend in 2016 = $20,000

Preferred Shares = 400

Par Value of Preferred Stock = 400 × 10 = $4000

Rate of Dividend of Preferred Stock = 5%

(a) Dividend to preferred Shareholders:

= Par Value of Preferred Stock × Rate of Dividend

= $4000 × 5%

= $200

(b) Dividend to Common Shareholders:

= Total Dividend - Dividend to Preferred Shareholders

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2 years ago

A public authority that provides banking services to co m m ercial banks and regulates financial institutions and m arkets is ca

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Answer:

C ) central bank.

Explanation:

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2 years ago

The Refining Department of Crystal Cane Sugar, Inc. had 73 comma 000 tons of sugar to account for in December. Of the 73 comma

soldier1979 [14.2K]

Answer:

67,600 tons

Explanation:

Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.

According to this method the equivalent units formula is as follow

Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Conversion

Equivalent Units = 55,000 + 18,000 x 70% = 67,600 units

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3 years ago

A customer purchased a $2, 700 item at Appliance World, paying with a credit card. Appliance World is charged a 2% fee by the cr

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Answer:

Explanation:

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Credit card charges = Sales*Credit card fee

Credit card charges = $2,700*2%

Credit card charges = $54

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Thus, the journal entry for the given transaction has been attached below:

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