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2 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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Do savings and loan associations offer checking accounts?

svlad2 [7]

No they do not offer

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2 years ago

Outsourcing means that :

g100num [7]

Answer:

Explanation:

It is the correct answer and outsourcing is were another company hires a company to essentially do their job. But done by a different company.

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3 years ago

If the United States exports $150 billion of goods and services and imports $100 billion of goods and services and there is no o

natta225 [31]

Answer:

$50 billion.

Explanation:

Current Account represents the balance of Trade (Imports & Exports) plus net income and direct payments. Countries strive to maintain their current account surplus which is an indicator that the country is producing and exporting more than its consumption and imports. In this case, it is clearly stated that there are no other factors like income or transfers, so we just have to compare exports and imports. The formula for Current Account in this case is:

Exports - Imports

⇒ 150 - 100 = $50 billion.

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2 years ago

For each of the following independent cases, use FIFO costing to determine the information requested. Required: a. In the beginn

Ludmilka [50]

Answer:

$35,000

Explanation:

Units started and completed means that out of the units completed and transferred, how many were started during the period. This figure is calculated in physical terms only. So there is no need to express any units in their equivalents.

So, this gives us an idea of how to calculate this :

Units started and completed = Units Completed and Transferred - Units in Beginning Work in Process

therefore,

Units started and completed = 40,000 units - 5,000 units = $35,000

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2 years ago

On October 1, Vista View Company rented warehouse space to a tenant for $3,600 per month. The tenant paid five months' rent in a

Damm [24]

Answer:

The adjusting entry needed on December 31 is:

Debit Unearned Rent revenue $10,800

Credit Rent Revenue $10,800

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

The tenant paid five months' rent in advance on October 1. From October 1 to December 31, Vista View Company had rented warehouse space to a tenant for 3 months.

The adjusting entry needed on December 31 is:

Debit Unearned Rent revenue $10,800 ($3,600 x 3 = $10,800)

Credit Rent Revenue $10,800

7 0

2 years ago