Answer:
The correct option is (c)
Explanation:
From the year end balance sheet for 2014 and 2015 it can be seen that common stock balance as on 2014 was 2,000,000 and as on 2015, it increased to 3,000,000.
An increase in common stock implies that the company issued new 1,000,000 common stock in 2015.
Option (a) cannot be determined as no income statement item is given.
Option (b) is incorrect as the company reduced its short term bank debt in 2015.
Option (d) is incorrect as long term debt was issued in 2014 and not in 2015.
Option (e) is incorrect as company had issued and not repurchased common stock.
The maximum amount of new loans to the bank could lend with the given amounts of reserve is; $400million.
<h3>Maximum amount of New loans</h3>
It follows from macroeconomics calculations that;
The maximum amount of new loans to the bank!= The current amount in reserves * The multiplier.
Given that the amount in reserves is $80 million.
- $80 million * (1/20%)
- $80 million * (5) = $400 million.
Ultimately, the maximum amount in new loans given the amount in reserves is; $400 million.
Read more on loans;
brainly.com/question/25599836
The government place price ceilings, such as rent control, on some essential goods because of the reason of limiting <span>the impact of equilibrium pricing. This will also limit the direct increase of the prices of the goods. This will also help regulate the flow of prices in the market.</span>
Answer:
Income Statement
Revenue $24,698
Expenses
Salaries and employee benefits $8,815
Purchased Transportation $1,203
Fuel Expense $3,228
Rental and landing fees $1,748
Depreciation Expense $925
Maintenance and repairs expense $1,573
Provision for income taxes $805
Other expense (revenue) net <u>$4,995</u>
Total Expenses <u>$23,292</u>
Net Income <u>$1,406</u>
